Eurjpyforecast
EURJPY H4 SHORT PRICE ACTION FORECASTA countertrend trade, for a sell-stop entry after the formation of a tweezer top candle bars at a supply zone. Expecting a healthy correction with the Euro who has been in a clear rally since last week.
The setup allows a decent R:R | 1:3 with an S/L for 95 pips and target right at the support level.
EUR/JPY retesting previous resistanceLet's take a look at one of our favorites EUR/JPY on 4H chart. We made a lot of pips because of descending channel . However, this channel has been broken and price now is much higher. We now are expecting price to drop to new support line and than either bounce from it or get back inside the descending channel .
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EURJPY: Forecast For Current Week. UPTREND!Price traded inside the blue channel.
Atm looks like forming a flag / wedge as at the previous wave.
Possible entry zone is 117.20 - 117.50 ,
when the flag will formed.
The target zone is near 119.00 - 119.50
The trading plan will canceled, if the red support line is broken.
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This is not the financial advice.
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EUR/JPY long-buy weekly analysisEUR/JPY long-buy weekly 120-125 break target profit resistance
700 pips potential profit and 30 pips stoploss support with 20 rr
Indicators and oscillators are oversold weekly, rsi, demarker and bb etc.
EMA, MA and MACZ-Vwap etc.crossing for bullish movement
Economic calendar release are all bearish and hawkish
EURJPY long soonGood long setup for #EURJPY for the next 3 days.
The bearish trendline was broken by a strong impulse on 30 of April.
So we have to wait for the retest but it will probably begin to bull before.
115.8 it's the level from which it bounced before and could be a good point to enter.
A Fibo cluster is on the way with a bullish trendline as well.
First Entry 115.800
Second Entry 115.5
SL 115.34
TP 116.67
EURJPY- Potential Move Buy ___
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