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Eurjpytrade

EUR/JPY Tapering To a PointI have previously mentioned that this is near a major downward trendline. There is also a lower trendline which has the price on this tapering to a point. Price is looking more likely to breakout higher from here providing it breaks the resistance. If it does then we can look for a long after a retrace, keep in mind there could be a false breakout although with this being so close to the point I think this is unlikely. Either way confirmation of a rejection from the support level needs to be waited for.
Long
by olly48
EUR/JPY Now Rising Off SupportThis is now rising from the support I marked out on this pairing 3 days ago. Unfortunately for those that may have entered the long when I posted it may have just touched the SL, hopefully it just avoided as it is now rising again. MACD is set to go bullish above 0 and EMA's are about to cross over. I have set TP at the previous high of 127.344. SL just below the recent lows on support. Keep in mind there is a very major downward trendline just above. TP - 127.344 or at trendline SL - 126.050
Long
by olly48
EURJPY- Sell Trade Start << Lets WatchDisclaimer: the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management. _______________________________________________________________________________________________________________________________________________________ Thank you for your support!
Short
by Rapid-Trading-LTD
1
||ARE YOU THE SHEEP OR THE WOLF ? (EURJPY)At first glance when you look at this trade you clearly think its going down , which isn't wrong but its the timing that's off by a bit over time you will come to realise the same eyes you use to see the market are what every body uses too, and that makes you part of the herd and a sheep and boy are you destroyed !! this is what I see yet, many of you see bearish sentiment , my hope here is to challenge your first sight instinct but not deter its initial intent as you will observe we will be shorting this trade but for now we are looking for buying positions ,contradictory but walk with me maybe I can breach a barrier in your assumptions expecting a pullback in price all the way back to 126.6x and then triggering my shorts to see some off loading of buyers
Long
by da-bag
2
EURJPY Drop expectationsSorry for the messy chart BUT: The blue bars representing strong Weekly Resisitance and support zone's As seen on the daily timeframe we can see that prices are currently being rejected ( see orange trendline which is drawn on the 4H) The Fib tells us that prices are currently within the Golden zone (0.618 and 0.5) Via the 1H Timeframe i personally think prices will drop again and EURJPY will make long runs again like the rest of this week. We can see on the 1H hat prices are consolidating right now . but i think we can drop back to the 126.150 Support area again and probarly even further down to 125.900 support before going upwards again. See picture below : Its a messy chart but basicly pretty simple and logic price action/movement. Have a great weekend!
Short
by sayiefn
1