Hello traders here is a setup of EURJPY as you can see the price has been in a bullish form for the past years and months for the EURJPY pair. The price has reached 170.000 for the first time since 2008 so I placed a resistance zone from that year to today, so now I will wait for the price to break this resistance zone and do a pullback then I will look for...
Price is at a level last seen in July 2008. At that time as well, price had made several attempts to go higher and failed (thus printing multiple tops). Once again, we can see several tops. A decline of 55,400 points (about 33%) happened in 2008, I can only wonder what we will see on this occasion. I see a supply zone (yellow rectangle) and expect this pair to...
- RSI Div - 127% of last down (B-C retrace length) - 78.6% retrace
I am waiting on EJ to break and close this resistance in the 1 hr to buy for next week.
Wait for retest the key level then take a trade for Buy otherwise skip this setup
I notice a head and shoulders pattern forming. I placed my Fib setting correctly from my TWP resources. I check the support and resistance levels and came up with this Bearish trade.
On the 15 minute timeframe, price has created Bullish Market structure. Price created a BOS at the level of 169.148 level. Ideally, i want to see price tap into the 15 minute Bullish OB at the 168.851 - 169.041 Level. Once this happens, i see 2 scenarios that could play out. 1) Price rejects the 15 minute OB and creates a 5 minute CHOCH to the upside. This...
Conditions: 1. Break and closure above current 30 mins high (169.227) 2. Price remains inside 169.291-169.064 range (fakeout to the bearish side would be a deal sweetener) ENTRY above 169.227 SL 168.975 TP 170.495 Warning: 1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose. 2....
Hello Everyone, The EUR/JPY exchange rate has remained stable over the past week, so the projection for this week remains unchanged. Sellers are hopeful for a potential retest of the 165-163 area. While this scenario is possible, it is currently unlikely. The bullish outlook has a higher probability of persisting. TradeWithTheTrend3344
Price is rising towards the pivot which has been identified as a pullback resistance and could potentially reverse from this level to the 1st support. Pivot: 169.38 1st Support: 167.36 1st Resistance: 170.70
The market will create deep pullbacks in the market as well as fake choc but will still be on uptrend
SELL idea Order block area 169.400 Broken trend line, CHOCH + BOS Idea short now 169.000 price TP1 168.200 TP2 167.000 SL 169.400
EURJPY broke through the upper boundary of the ascending channel. The price reached the resistance level and then corrected to the 38.2% retracement level of the last bullish impulse. The chart maintains the ascending structure. We expect the growth to continue. ------------------- Share your opinion in the comments, and support the idea with a like. Thanks...
The price has recently reached a strong resistance zone, noting previous sell-offs in that area. It appears that we may see more sideways movement EURJPY is near the resistance, where price dropped before. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK!...
The market created a qml a the bottom so it will have to come for internal structure before the long run upwards
A great opportunity to short after a break out and previous highs. Tight stop and good luck
A great opportunity to short after a break out and previous highs. Tight stop and good luck
Price is rising towards the pivot which has been identified as a pullback resistance and could potentially reverse from this level to the 1st support. Pivot: 169.38 1st Support: 167.36 1st Resistance: 170.70 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading...