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Eurjpyprediction

EURJYP BuyI believe the trend has reversed and we are now bullish but have hit a resistance point and should retrace where buyers may take a long position again. I have identified 2 places where you may wish to do a buy either at leg B OR you can decide to wait for market to go lower before buying in again at leg D. My labelled zones are only a rough idea of where i think the market may touch. Decide on your own Entry & Exit. DISCLAIMER Please note that this chart is an opinion based chart only. Please trade at your own risk
Long
by Quinkong
EURJPY ROCKET COMING DOWN?EURJPY has been travelling in an ascending channel ever since the large drop on all fx pairs.Price is currently at the top of the channel and is also inbetween the 0.50 -0.618 retracement zones which is a golden reversal point. SL AND TPS are marked out on the chart above ,Potential reversal scenarios are also marked out above. If price breaks out above the channel we could see a retest back down with a move up to the nearest resistance zone. If it breaks out to the the downside we could see a move up as a retest and then a move back down to the closest support zone.
Short
by UnknownUnicorn2396129
#EURJPY 130 pips on the way! The last day of the month then the technical analysis will focus on it, The graph above shows a Hammer Candlestick, What is a Hammer Candlestick? the lower shadow is at least twice the size of the real body, How can I use that? Since this usually appears as a sign of a reversal, we will also become buyers. Notice that the last drop has stopped exactly on the support of the Ichimoku cloud that it reinforces our model. Buy EUR/JPY: Entry Price: 126.10 Stop Loss:124.50 take Profit: 129.70
Long
by xosignals