EURJPY HORIZONTAL CHANNEL EURJPY has been travelling in an ascending channel ever since the extremely sharp drop on nearly all fx pairs, We have recently saw a breakout of this ascending channel to the downside, we are in the process of a retest of the channel now, so expect to see some large moves down unless price moves back into the channel and forms and inside retest.
Eurjpysell
EURJPY ROCKET COMING DOWN?EURJPY has been travelling in an ascending channel ever since the large drop on all fx pairs.Price is currently at the top of the channel and is also inbetween the 0.50 -0.618 retracement zones which is a golden reversal point.
SL AND TPS are marked out on the chart above ,Potential reversal scenarios are also marked out above. If price breaks out above the channel we could see a retest back down with a move up to the nearest resistance zone. If it breaks out to the the downside we could see a move up as a retest and then a move back down to the closest support zone.
EURJPY Sell ideaI can see a continuation of the bearish trend after a retracement to the 25 EMA due to the RSI being too low.
To support my prediction, I have the bearish trend coming off from a resistance found in the daily timeframe.
The stop-loss has been positioned with respect to the previous consolidation region. An ambitious target price was chosen short of a support region spotted in the weekly timeframe.
EURJPY - Trade IdeaEURJPY está en tendencia bajista en el gráfico de 1 hora. La linea de tendencia, el fibonacci y una gran zona de demanda y oferta confirman una buena zona de venta. Solo hay que esperar confirmación de velas para entrar. Hay TP1 y TP2. Recuerden asegurar la operación después de los 20 pips en ganancia.
EUR/JPY TA 1/10/19 Short to 120We are currently bearish on EJ, if a 2 hour candle can break below 124 and close then we will be entering short. Downside target: 122 ( long term 120) That being said if we remain above 124 then our next upside target would be 126 where we would be looking to reverse back down to the 122-124 area.