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Eurjpysignal

EURJPY Set To Resume The DowntrendHi Traders, The last time I wrote about EURJPY, it was about to break out of the ending diagonal pattern. A few days later, the price has broken the pattern and trade lower sharply in what can be seen as the first wave of the impulse. According to EW theory, an impulse is followed by a correction before the price resumes in the direction of the impulse. So the recent rally can be seen as the correction and if it's completed, the price should trade lower below wave (i) in the days ahead. What's your view on EURJPY? Let me know in the comment. Thanks for reading!
Short
by Veejahbee
EURJPYAs I said last weeks...If we make a parallel between the chart on a week and one month we can see as EJ Pattern Pattern formed since 2018! In the 1 week chart we observed that this is a very important area for EJ's near future ... if you see in the left circle, any closure even for 1 day over the green line means an imminent climb in the 137,300 area However ... if the month of May closes below 134,050 then we can take into account a very strong retreat movement up to the 125,000 area and so on ... UP AGAIN! anyway ... it looks like it will be the first time in 15 years when EJ ends 7 consecutive months on GREEN THIS WEEK...as I was telling you last week, EJ rejected from the very strong resistance formed in the last 4-5 years and from the Fibonacci 786 area on the 1 month chart! From here ... I will only look for SELL for at least 400-500 pips until the first close even for 1 day over 134,050 NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
by BloomFX_SIGNALS
1
Friday: EURJPY - Week 21Hello everyone! I'm hoping to reach lots of people here on tradingview and create a community where we all share and help each other in becoming better traders, so please, comment and share your ideas and thoughts in regards to my posts! :) I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- SMASH that follow button! 👍 💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you! RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
Long
by INotFancy