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EUR/JPY trade ideaWhen we look at the chart we can see that the price reversed at the 0,618 level of the Fibb. We can see that this also happend in the past so we could say that it is forming a support zone. If we get to see a clear break of the falling wedge than we could consider to enter this trade. Keep in mind that all trades are tricky becuase it is NFP week! Please let me know in the comments what you think of the idea and feel free to share your idea also. If you like the idea, do not forget to give it a like then. If you have any questions feel free to PM me.
Long
by MaBaCapital2
7
EUR/USD short ideaWhen we look at the chart we can see that the price is breaking out of the resistance zone. If we get a clear break out of the resistance zone we could consider to go short. I would go with a small stop loss because it is breaks out of the resistance zone it could move higher so after an SL hit I could consider it so to long if the conditions are good. Let me know in the comments what you think of the idea and feel free to share your idea also. If you like the idea, don't forget to give it a like then. If you have any questions, feel free to PM me.
Short
by MaBaCapital2
1
Please don't ROB me!A break of my blue support zone will see price push significantly lower, USD weakness is coming after DXY is finding a nice resistance zone which will cause USD to weaken probably the rest of the week. We can see price respected my yellow support zone as resistance, this level is a key monthly level also so the setup holds more weight than a 1H trade setup. I can only see USD getting weaker for the reasons i have explained in here and on previous charts i have uploaded. If you would like to have a chat with me about trading then my door is open... Not for too long though as my area is riddled with robbers ;p
Short
by Premier_FX