EURJPY has potential to go down for 200 pips!price manage to breakout uptrend channel and pushed price down after testing trendline resistance for the second times, we might have a chance to open short position if seller continue to push price to visit the 117.20 support level, you can use smaller timeframes for entries. good luck!
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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Eurjpyforecast
EURJPY is positioning to our LONG ENTRYAs we said yesterday, the value is now accumulating in our Key Level before the long entry in the value, we can also see a big zone of demand under our KL, a 50% of fibo that has been retested 2 times, so we have now 3 confluences to the long entry in the value. We will now wait a confirmation before the entry.
EURJPY Bounces After Meet The Market Nostradamus| 20 Feb 2020|I received my phone call, email and whatsapp regarding my correct prediction that price will reach towards the 118.484 Yen Flash Crash on 3 January 2019.
This thread posted on 10th Feb 2020 has make me famous. Some of them call me as 'Market Nostradamus' as my ability that correct to predict the price prediction in a very correct and accurate way.
Most of them, makes a tons of money on my analysis and prediction. I have never expect that coming to get such an honor to be called in the title of that. What I can do is to help trade to make money and be a mentor for their own trading.
imgur.com This is the link the post that make me famous.
People look onto me regarding the gold prediction and forex prediction as well. Looking for advise and support on the analysis of their trading. So far, I have help many trader to become millionaires.The accuracy is not lie into the price and trend because people do not know that the price will move to the way they wants. Some how, my dejavu and my prophectic prophecy help me a lot in my trading forecast and prediction rather than technical and news.
With this give, I am helping people to achieve the price or to see the price to go onto their favor.
Thank you so much to your time to read this article.
By Zezu Zaza
EURJPY approaching support, potential for a bounce!
EURJPY is expected to drop to 1st support at 118.806 where it could potentially react off and up to 1st resistance at 119.671.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURJPY approaching support, potential for a bounce!
EURJPY is expected to drop to 1st support at 119.249 where it could potentially react off and up to 1st resistance at 120.916.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Trading Pathways Analysis of EURJPY H4 Chart
The outlined white arrow pathway is the predicted pathway that the EURJPY will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where EURJPY will turn.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK.
Eiseprod of Trading Pathways
EURJPY Bears To Complete Long-term Corrective PatternEURJPY has been trading in a corrective structure since Feb 2018. The corrective structure which is unfolding as a triple zigzag is about to complete the last leg lower.
As you can see on the chart, the decline from wave X high at 127.501 unfolded in a five-wave pattern in wave (a). It then followed by a three-wave bearish corrective structure in wave (b). According to Elliot Wave theory, once a 5-3 wave cycle is completed the trend will resume in the direction of the major impulse which is down in the EURJPY case.
We see an impulsive breakout of wave (b) corrective structure channel and a retest signal further confirming the continuation to the downside.
Verdict
As long as 122.943 "wave (b)" high remains intact, I will be looking to short on lower high till we reach the blue zone on the chart.
What is your view on EURJPY?