Eurjpyprediction
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
EURJPY Possible Short (Bearish)As last week we had a major dive with this pair, at the top of the trend line we still have bearish flags showing on the one hour charts. Once we have broken the upwards trend line we may see a further drop until correction is made.
I will be updating this with the figures I have in mind.
Good luck all!
RSI is already Diverging from price action in EUR/JPY D1 Chart.EUR/JPY (Short)
RSI is already Diverging from price action in EUR/JPY D1 Chart.
Also CCI is already Overbought.
If price will break the trend line (128.500),You should selling entry @128.000/ TP:124.000 / SL:130.000 //
OANDA:EURJPY www.tradingview.com
EUR/JPY - 100 Pips+ Bearish OpportunityEUR/JPY has been in consolidation since the beginning of the month.
As we can see on the 4H chart, the prices are in between the 200 EMA and 50 EMA. Meaning that a breakout in either direction is imminent. Most probably a bearish breakout since the 8H confirms weakness.
SL should be put above the 50 EMA on the 4H chart, preferably a few pips above it to leave enough space for the pair to move in case of volatility.
*If the pair does not break the 131 level but rather finds support on top, then we would have a breakout to the upside.
Trade safe.