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Eurjpybuy

Harmonic Trading on EURJPYHi guys, this is a Cypher pattern that's almost completing on EURJPY 1H chart. The white line represents a previous structure level very important and in the daily chart the RSI is in oversold condition. Price has also created a nice pinbar on the daily chart as well. These are the reasons why i'm getting involved with this. I'm actually taking this one a little lower in order to get a better risk to reward ratio. Stops below X, targets as usual for harmonic patterns. If you want to share your thoughts or simply ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
6
Cypher on EURJPYHi guys, this is a Cypher pattern that's almost completing on EURJPY 1H chart. The white line represents a previous structure level very important and in the daily chart the RSI is in oversold condition. Price has also created a nice pinbar on the daily chart as well. These are the reasons why i'm getting involved with this. I'm actually taking this one a little lower in order to get a better risk to reward ratio. Stops below X, targets as usual for harmonic patterns. If you want to share your thoughts or simply ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
6
Double Bottom at Structure!Hi guys, here we have a double bottom at a previous structure level on the 4hr (in this case our higher timeframe). The last candle signals also buying pressure, together with RSI divergence. That's enough for me to consider taking this trade. Stops below the low, first target at the retest of the highs, second target at 618 retracement of the previous move. If you want to share your opinion or just ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
EURJPY Trading Tips and Market Analysis 4th July 2016SUMMARY: 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 appears on the above image indicating downtrend of the pair. It is having an important resistance at the level of 115.50 Support at the level of 113.28. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair. INDICATORS:- MACD is sustaining in its negative territory indicating the bearish trend in the pair. RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair. STRATEGY: EURJPY is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it. Likes and comments much appreciated here guys, thanks. www.tradingsignalreviews.com
Short
by TheBanker
4