Hi Guys, We have simple 5-wave count & flag breakout setup in EURJPY to hop on further upside movement. In the waves counted above wave (4) & (5) are drawn on assumption. If Eurjpy alters its path,we may need to re-count the waves. Anyway look for flag breakout whichever side its & enter with proper stops. Note : Though current candle is breaking out, ensure the...
Approximately 55 pips available. Market has reached a level of support on the 1hour chart. Market has been in this range since 22 September, with reliable recent evidence of market activity remaining within this range. Low risk entry of around 9 pips, with a reward of around 55 pips.
Hi guys, it looks like we have a possible eurjpy swing, by the looks of it there was already been a rejection so a nice time to enter the trade. if the trade does not go our way, look to leave with a solid candle break of the trend line and as allways use Heikin Ashi to take profit. Enjoy and good luck.
eurjpy long entry m5 trendline break confluence uptrend m15 m60
The price finding support area at 115.46-116.63. Bullish as long as support area at 115.46 remains intact. As intraday trading strategy. we must get bullish signal confirmed by trading above 117.764 with potential target at 119.03- 119.89.
SUMMARY: The EURJPY pair bounced slightly during the course of the day on Friday, using the 113.28 level as support. At this point in time, the market is looking bearish. The primary trend of EURJPY is bearish on charts and price is trading below its support trend line in its 1 hourly chart. In its daily chart the price is sustaining below 200 day SMA that are...
Multiple pin bars signaling strong selling pressure along the 113.300 support. Price action broke through finally and activated my short. Entry 113.296. TP 112.220
Analysis : Current swing is completely bullish withouth any valid pullbacks (just smaller pullbacks happened). EURJPY is up against resistance and we are having Double top in same zone with RSI Bearish Divergence If next candle ends as Bearish Candle "Enter" else stay back dont enter trade. Entering the trade after the current trend line break is also good...
Zeroing in on 122.50 to go long for a couple of hundred pips. there is a lot of downside potential still but this where fundamentals comes into play for me. top of the channel is the first TP from there we will see. This trade idea is not set in stone. But i know as much I am not a bear.
I Buy for a short profit. Fibo retracement = 50%. Fibo clustering = 161.8% TP = 124
SUMMARY: The current trend of EURJPY is bearish on charts and price is trading below 50 day SMA and 200 day SMA with appearance of dead cross on 4 hourly charts. It is having an important support at the level of 123.12 and resistance at the level of 123.85. On chart it made a symmetrical triangle. If it breaks its support level on the downside and sustains below...
For both elliott and fibonacci there is an opportunity till 125.23 point for buy position. Have a good trade!, AAForex www.adimadimforex.com
I see a pattern on EURJPY, aiming for 300 pips on the next days
Even with strong news, the price respected the triangle. Waiting for the break.
EURJPY is on a daily corrective structure. Should buy at break out (green line)
EUR/JPY ( 30 MIN. ) SUMMARY: The secondary trend of EUR/JPY is bullish on charts and price is trading above the trend line in its 30 min. chart. In 30 min. chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 125.00 and support at the level of...