Eurjpybuy
EURJPY - MONTHLY TREND - 05. SEPTEMBER 2018WELCOME TO DACAPITAL TRADING!!
GBPUSD 0.89% 0.10% just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Bullish movement after taking out 128.350 kl.
DAILY
Price changed direction after taking out low expecting bullish pressure now
WEEKLY
We had a bearish closure taking out some buyers last week, good entry for us!
LEVELS
BUY EURJPY @ 129.580
SL @ 128.110 (145 Pips)
TP @ 131.190 (160 Pips)
MOVE SL TO BE @ HIT OF 100% FIB!
Monthly Trend follow with small RR and Higher Winrate. Be patient!
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EURJPY drop expected towards key level of supportWe’re seeing major support at 131.73 (Multiple 100% Fibonacci extensions, 61,8% Fibonacci extension, horizontal swing low support) and a possible bounce could occur at this level. Our next major level of resistance is 132.73 (Fibonacci retracement, horizontal swing high resistance) and our next major level of support is at 131.16 (Major swing low support).
Stochastic (55,3,1) is seeing major support at 1.8%.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
Buy EURJPY Short Term Based On Multiple TimeframesThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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Long EURJPY Inverted H&S Formation Based on Daily +Weekly ChartsWe've got an inverted H&S pattern formation completed on the Daily + Weekly time frames for the EURJPY with a potential long term target of 800+ pips.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
EURJPY Sell OffAfter weeks of climbing it looks like EURJPY has reached the stop. If failed to break the resistance and after lots of sideways trading it failed to break it again. We can now expect a retest of 126.60. So EURJPY will follow the other JPY pairs.
Use the various mentioned support level as possible take profits. Try to add a long the way down more sell positions (pyramid stacking) and lower your stop loss accordingly.
SL: 131
EURJPYOur preference: position bought above 127.00 with targets at 128.25 & 129.05 in extension.
Alternative scenario: in break of 127,00, a continuation of the decrease will be envisageable with 126,35 & 125,65 in line of sight.
Comment: a support base on the 127.00 formed and allowed temporary stabilization.
Long EURJPY Short Term Based on 4H + 1D ChartsWe recently shorted the EURJPY with excellent results, hitting our price target and bouncing from the major support/resistance line as expected. Now we are heading back up and as you can see I have outlined how we've gone from making Higher Highs to Lower Highs and so it would seem the uptrend is coming to an end.
Ideally I would wait for price to reach the top, bounce off and then short it coming down, which I will... but there is an opportunity here to make some pips :)
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
2618 & consolidation breakout on EURJPYHi guys,
today i want to share with you this simple consolidation pattern called triangle: it basically consists on one trendline and one horizontal structure level converging at the same level. Price is making lower highs and equal lows. As you can see on the chart above though, price has actually broken to the upside this trendline, also breaking the double bottom's neckline (giving us a 2618 entry technique). Plus, the black line represents an important daily structure level, and on the daily chart the RSI is in oversold condition.
All these conditions together make me think it could be a nice spot to go long here.
I'm waiting for the completion of the 2618 in order to enter long.
Stops below the lows, target1 at the retest of the highs, target2 at the top of the triangle.
If you have any questions, feel free to comment below.
Otherwise, see you in the next chart!