Eurjpyidea
EUR JPY LONG! FINNALY ARRIVED I will present this opportunity in a simple way and clear!
EUR JPY has been creating HH and LH , from the 3 week of the year. That been said, we simply are applying a ABCD.
A-124.406
B-125.953
Possible C 125.027, where the 61.8 % fib is located
and the possible D 126.372
I hope this that help you guys.
All the best
Trading view
EUR/JPY TA 1/10/19 Short to 120We are currently bearish on EJ, if a 2 hour candle can break below 124 and close then we will be entering short. Downside target: 122 ( long term 120) That being said if we remain above 124 then our next upside target would be 126 where we would be looking to reverse back down to the 122-124 area.
EUR/JPY TA 1/10/19 Short to 120 or long to 126 & reverse to 120?EUR/JPY: We are currently bearish on EJ, if a 2 hour candle can break below 124 and close then we will be entering short. Downside target: 122 ( long term 120) That being said if we remain above 124 then our next upside target would be 126 where we would be looking to reverse back down to the 122-124 area.
EURJPY bouncing off major support!We’re seeing price bounce off an area of really nice support at 133.90 onwards (38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support, bullish price action) and a strong bounce could occur at this level to push price up towards 134.74 resistance (Fibonacci extension, horizontal swing high resistance). Our next major level of support is at 133.39 (Fibonacci retracement, horizontal swing high support).
Stochastic (21,5,3) is seeing major support above 3.8% where a corresponding bounce could occur.
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