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Eurjpybuy

EurJpy- Can break above 127In my last EurJpy, I said that I expect 125 resistance to be broken and the price to reach 127 zone. This happened and we may ask, now what? As we can see from the chart, the impulse for EurJpy is strong and although we have a normal correction from 127 zone, this is forming a flag. I expect the bulls to defend 126 zone and eventually EurJpy to break above 127. Also, a break above 127 would be a signal for a long term change of trend. P.S: UsdJpy looks like will go above 105 and also EurUsd is in a strong uptrend on the medium-term, so would mean a perfect situation for buying EurJpy
Long
by Mihai_Iacob
5
EURJPY - SWING - 26. SEPT. 2020Welcome to our weekly trade setup ( EURJPY )! - 1 HOUR Strong break and pressure! 4 HOUR Sideways moving market structure..Expecting another bullish wave. DAILY Overall in a bullish market after a pullback. - FOREX SWING BUY EURJPY ENTRY LEVEL @ 123.990 SL @ 123.450 TP @ 124.810 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
22
Observing upside potential on EURJPY as 123.5 level holdsWe're currently monitoring two key levels. Over on the 4-hour time frame, the lower 123.105 level held up as price made a stronger bullish move to the upside. While entering on that level seemed premature, the price drift to the higher 123.5 level is a good indication that selling pressure remains rather weak. If the price drift holds above this latest level on the open, there could be a potential long entry here. Here's a closer look at the price drift: Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.
Long
by FinancialGamblR