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Eurjpytrade

EUR/JPY Bullish Still Respecting the support!We can see clearly that on the bigger frames the trend respects the support and forming a healty uptrend. Another clear thing is the outbreak on the RSI, and that prices are still above the 200 EMA on the 4H. As we can see on the chart we can copy the exact trend as an example of what could happe, If so we''ll need to hold the trade untill Firday or maybe next week. Depending on the upcoming (14) News events. My Entry was around 126.350 Planning to Re-enter more times on different support levels TP around 127.400 SL Tight at 126.000 ( minus 50 Pips from my entry ) Have a good one!
Long
by sayiefn
EURJPY, 4hr tf, EMA-200 support to fuel buying pressureHello everyone, As you can see EURJPY has been moving in a sideways direction for the whole December. It is moving in a tight 80 pips range and i think we might soon get a real buying pressure. If you look at the daily chart, EURJPY previously broken above an inverted head and shoulders pattern. The measured objective of this pattern count should be around 128.20 area. EURJPY has managed to closed above 126.60 resistance twice on 4hr tf. The next time it closed above it i think we will see some strong buying pressure. For now, we will try to trade inside this range because it still offer a good trading opportunity. We could also consider this sideways movement as a flag pattern and i think it will be a bullish flag. Buy limit EURJPY 125.85 Stop loss 125.60 Take profit 126.60 (3R) RR Ratio 1 : 3 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
Hi traders. Possible bull trap formingHello Traders, Avramis Swing has suggested a possible Bull Trap forming on EUR/JPY H4 Chart @125.774. The Fibonacci levels outline potential targets, with an invalidation level at around 126.729. Let us know your thoughts in the comment section below. We will execute this trade once all our rules are aligned. We suggest keeping this pair on your watchlist. Trade Details Entry: Sell Stop @125.774 Stop: 126.729 Target 1: 125.211 Target 2: 124.256 Target 3: 122.699 Time Frame: H4 Trend: Down Pattern: 11 Overall score: 5 We suggest closing half your position @Target one and moving your stop loss to the breakeven level. Leave the remaining position for Target two.
Short
by AvramisSwing
EUR/JPY with the next PUMP!Hey tradomaniacs, EUR/JPY broke out of its consolidation as expected and could give us a great opportunity to buy the retest 👉 After creating a typical flat-type-correction (W-X-Y-X-Z) within the 4-th-Wave we could see another wave upwards in order to complete the last 5th Impulse-Wave. A retest of the previous consolidation will be important to see whether this is a fake-out or not. LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me.
Long
by Trading2ez
6