EURJPYIf price menage to break critical level 121,30 we expect uptrend correction and we expect price to go down.
*Fundamentals are still positive for euro, negative for jpy. Take care about that.
Eurjpyprediction
EUR/JPY - 100 Pips OpportunityEUR/JPY might actually go up 100 more pips. The confirmation is still not clear and needs more time. However if it holds it's support then we can expect this move to happen.
That being said, wait for the confirmation and invest properly.
Happy trading!
EURJPY Uptrend Start, or retracement for downtrend continuationNot a setup, but a downtrend continuation prediction is what I have in mind.
Price could follow the uptrendline, to continue up as Fibonacci tool predicts where it will lead to,
while 117.7 hit 61.8% & may be enough to continue downtrend with Traders Dynamic Index indication of reversal from an uptrend start.
Or price to move up according to its minor fibonacci lines 61.8% to 119.6, being, still at a red zone of the major fibonacci, allowing a turning point in the future to continue down if other conditions necessary continue to be met at that time.
EURJPY The price of D is good support 1.90 AB=CD Price At 114.85
2.00 AB=CD Price At 114.60
So the price of D is good support
EURJPY Long TradeToday’s trading idea is coming from EURJPY. I have been waiting for a price action setup, which has finally come. As discussed with one of my followers (Dan) in the comments section, I finally had a confirmation from price. If you look at the daily chart of the EURJPY, you will find out that there is a pin bar, which is forming on the support level of 118.00. It seems to me, the time is ripe for a long entry now. I will be looking to place my stop-loss just below 117.00. My first price target is the level of 119.500. My next target (depending on price action) is the level of 123.000.
EURJPY /2h with a Nice R/R going shortterm long
How ever breaking the Sup area could take us to short & we could sell it after pullback
LONG SET UP IN EURJPY - 4H CHARTHey Guys,
Simple idea. Wait for channel breakout and look for flags to buy, we are expecting uptrend and breakout of the corrective structure.
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Hola Gente,
Simple idea. Esperad a la ruptura del canal y buscad banderas de compra, esperamos tendencia alcista y seguramente la ruptura de la estructura de corrección.
Carlos
EURJPY 4H TECHNICAL ANALYSISWe see the price will retrace to 120 level before moving down to 117.50 - We sell this pair at 120 level to book profits at aforesaid level, BUT, it is also possible to grab 100+ PIPS of correction by taking long position from the closing price.
EURJPY The ABCD pattern show the D price is 118.15On day chart the Price have reach the 50% Retreated level
On 4H chart the RSI below 30(show oversold)
The ABCD pattern show the D price is 118.15
Good luck
what's most importantEURJPY found support last year at the lower bound of a multi year channel (109.50) and a swift recovery has taken shape since then. It headed towards an intermittent hurdle near 124 the 76.4% retracement from march2016.
Currently the pair is retesting the channel limit at 11.70 in what appears to be the fourth wave from an elliot perspective. With the daily indicators closing in on support 119.70 should contain nearterm downside.
A break above will take it towards 122.50/123 with the next handle at the recent high of 124.
eurjpy daily chartAs mentioned in previous post we found support last year at the lower bound of a multi year channel at 109.50 and a swift recovery has taken shape since then.
A recovery appears plausible towards 121. A break above will take it towards 122.50/123 with the next handle at 124.
All the best and trade with care.
Thanks for your support.
EURJPY possible head & shoulders patternEURJPY is forming head & shoulder patter, it could bounce at 61.8% fib support and left shoulder low at 119.32 and target 121.20. A break above this level will target 123.30. SL can be place below 88.6% fb support at 118.50.
EURJPY : Potential Short EntryI would see price come back again to this Supply area, possibly break or reject.
I would suggest a short position when price hit into the zone, and make a short retracement or reversal. I will update further the target for this short entry when time comes.
adios.. happy trading
Possible inverted Head and ShoulderEURJPY making an inverted H&S, if it break the neckline then it's confirmed and i'll try to enter on a possible retest.
EURJPY bouncing nicely, remain bullishBuy above 118.70. Stop loss at 117.47. Take profit at 120.66.
Reason for the trading strategy (technically):
Price has bounced off nicely at 118.70 support (Fibonacci retracement, horizontal support, Fibonacci extension). We look to buy above this level to play a push up to at least 120.66 (Fibonacci retracement, horizontal pullback resistance).
Stochastic (21,5,3) is seeing strong support above the 6.4% level.
EURJPY : Buy Position Just Opened.The pair kind of rejected to one strong support key level right now.
Exactly rejected the previous lower zone.
It seems to reach TP1, if break then continue to TP2 or comeback to break the key support level.
My analysis in here seems to be exact the same in my analysis in MTP Predictor software.
The price just rejected the Decision Point. You may refer to the following SS.
prntscr.com
Good Luck and Happy Trade.
