EURJPY SHORT - ABCD formationEJ is currently trending nicely.
To jump on the trend. Wait for break and retest of support level and continuation to 120.00 then 130.00.
EJ
EURJPY POTENTIAL SELL H4 WEDGE - HIGH PROBABILITY OPPORTUNITY £$Quick clean idea on EURJPY.
Drawn Support and resistance based on structure, wedge tightening.
Fibonacci retrace level shows 61.8% reversal possibility occurring from last months High/low point.
Commodity channel index also heading south after being heavily overbrought
Seeking entry between 136.350 - 136.450 watching smaller TF's play out before commitment.
First target - 135.095
Second target - 133.400
Good Luck and Happy Trading :)
EJ retracement then LONG!Expecting a retracement due to strong 200ema resisitance before next leg up in line with EU. Possible formation of inverse head and shoulders (C retracement). Targets 138.585 & 142.00
EJ SENSE OF THE MADNESSEJ seemed all too random on Friday but further inspection showed that it was obeying technicals perfectly. My first post of EJ on the daily TF still stands. Unless re-analysis suggests otherwise.
Price broke bearish rising wedge and retest the CTL and formed an equidistant bearish channel
point D was the completion of a Bullish Gartley within.
EJ - Symmetrical triangle (Bearish)Rejected by the 61.8% fib creating a LH and now a symmetrical triangle has formed. High probability of a breakout to the downside. First target @ 144.10 close to key psychological of 144. Fluent with -27% fib.
LONG on stong support and pin bar.This setup use the following indicator.
1. Strong support and resistance line for both target and entry order.
2. Use price action (PA) on pin-bar candle stick close on daily chart.
My setup configuration:
Long @ : 136.00
] [ This come from the GREEN Arrow where price shown strong significant resistance in the past.
