Get started

Eurjpyanalysis

EURJPY IdeaG'day Guys.. How's going? Its Monday again.. Let's rock another week. Today we started with EURJPY. Recap from last week price movement, showing this pair completing the market cycles. Today we see clearly, the price inside of Weekly Supply Zone which is we looking for clear Resistance Level to be form such as double top or HNS. As in hourly perspective, Am start shorting the pair with tight SL and good R:R. Let's see what happen next with this pair. Disclaimer: This is NOT trading advise, following this trade is your own risk and responsibility. Kindly, do your own analysis before entering the market.
Short
by EYFMarkets
EURJPY Analysis This analysis includes the monthly, weekly, daily and four hour charts. On the monthly chart: It has crossed a downtrend, which is the upper leg of a continuation triangle It is currently heading to exceed 130.924, and in case it is exceeded, the purchasing objectives will be: (131.605 - 132.254 - 133.825 - 135.270 - 137.128 - 138.208 - 140.421 - 144.175 - 147.612 - 154.486 - 160.882 - 167.590) provided the area is not broken 129,300 - 127,531 _____________ But if he breaks the area 129.300 - 127.531, he has two selling goals: 122.620 - 121.472 _____________ My personal opinion: It is in a strong bullish trend and I am buying. Note: I hope no one accuses me of insane, as this analysis is basically insane.
by wmforex