Get started

Eurjpysell

EURJPY profit target reached perfectly, time to sellSell below 120.23. Stop loss at 120.70. Take profit at 119.44. Reason for the trading strategy (technically): Price shot up and reached our profit target perfectly from yesterday. We prepare to sell below major resistance at 120.23 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a drop to at least 119.44 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance below the 95% level where we expect a reaction from.
Short
by theforexarmy
4
Gartley pattern at market at Daily StructureHey guys, as you can see above in this pair price has recently created new lows, breaking structure to the downside. This tells us that price wants to go lower, therefore we can look for shorting opportunities at structure level, such as the broken support that should act as resistance once it was violated. In this zone it happens to be the D point of a Gartley formation that provides a nice short entry. Stops above the X, targets as usual for patterns. If you have any question, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
2
Gartley pattern at market at Daily StructureHey guys, as you can see above in this pair price has recently created new lows, breaking structure to the downside. This tells us that price wants to go lower, therefore we can look for shorting opportunities at structure level, such as the broken support that should act as resistance once it was violated. In this zone it happens to be the D point of a Gartley formation that provides a nice short entry. Stops above the X, targets as usual for patterns. If you have any question, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
EURJPY bounced perfectly, remain bullishBuy above 119.05. Stop loss at 118.19. Take profit at 120.23. Reason for the trading strategy (technically): Price bounced absolutely perfectly above our buying level. We now remain bullish with price making a further bullish exit of its descending resistance-turned-support line. The goal is to buy above 119.05 support (Fibonacci retracement, pullback support) for a further push up to 120.23 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (55,5,3) has made a bullish exit signalling a further rise is expected.
Long
by theforexarmy
EURJPY right on major support, remain bullishBuy above 119.64. Stop loss at 119.16. Take profit at 120.66. Reason for the trading strategy (technically): We remain bullish above 119.64 support (Fibonacci retracement, Fibonacci extension, horizontal support). Target would be 120.66 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (21,5,3) is seeing strong support above the 6.4% level. Reason for the trading strategy (fundamentally): The main news event driving EUR today is the Euro-Zone Consumer Price Index (CPI) Estimate. The CPI is the key gauge for inflation in the Euro Zone. The index tracks changes in the price of a basket of goods and services that a typical household might purchase. When the CPI is high, it indicates that significant inflationary pressures exist in Euro Zone economies. This puts pressure on the European Central Bank to raise interest rates. When CPI comes out lower than expected the ECB is expected to lower interest rates, or keep them lower, to encourage economic growth. We are expecting a lower CPI which would mean a weaker EUR. This goes against our bullish EURJPY trade today so it is best to exercise caution on this trade.
Long
by theforexarmy
3
EURJPY profit target reached perfectly, prepare to buyBuy above 119.64. Stop loss at 119.16. Take profit at 120.66. Reason for the trading strategy (technically): Price dropped perfectly and reached our profit target we have been targeting for the entire of last week. We now turn bullish above 119.64 support (Fibonacci retracement, Fibonacci extension, horizontal support). Target would be 120.66 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (21,5,3) is seeing strong support above the 6.4% level.
Long
by theforexarmy
EURJPY dropping perfectly as expected, remain bearishSell below 121.09. Stop loss at 121.86. Take profit at 119.65. Reason for the trading strategy (technically): Price has reacted perfectly from our selling area. We remain bearish below 121.09 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to 119.65 support (Fibonacci extension, horizontal support, recent swing low support). Stochastic (34,5,3) has reacted off our 92% resistance level perfectly.
Short
by theforexarmy
EURJPY right above strong support, remain bullishBuy above 119.62. Stop loss at 118.63. Take profit at 121.08. Reason for the trading strategy (technically): We remain bullish above 119.65 support (major horizontal support, Fibonacci retracement) for a push up to 121.08 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (21,5,3) is seeing strong support above the 6% level and also displays bullish divergence vs price signalling a bullish reversal is expected soon.
Long
by theforexarmy
EURJPY Trading Tips and Market Analysis 4th July 2016SUMMARY: The EURJPY pair bounced slightly during the course of the day on Friday, using the 113.28 level as support. At this point in time, the market is looking bearish. The primary trend of EURJPY is bearish on charts and price is trading below its support trend line in its 1 hourly chart. In its daily chart the price is sustaining below 200 day SMA that are appears on the above image indicating downtrend of the pair. It is having an important resistance at the level of 115.50 Support at the level of 113.28. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair. INDICATORS:- MACD is sustaining in its negative territory indicating the bearish trend in the pair. RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair. STRATEGY: EURJPY is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it. Likes and comments much appreciated here guys, thanks. www.tradingsignalreviews.com
Short
by TheBanker
4
EUR/JPY Forex Trading Tips & Market Analysis 14th April 2016SUMMARY: The current trend of EURJPY is bearish on charts and price is trading below 50 day SMA and 200 day SMA with appearance of dead cross on 4 hourly charts. It is having an important support at the level of 123.12 and resistance at the level of 123.85. On chart it made a symmetrical triangle. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair. INDICATORS:- RSI is sustaining below 50 in its selling zone indicating the upcoming bearish trend in the pair. STRATEGY: On the down side break out of symitrical triangle on charts on can go for sell for next few trading session. www.tradingsignalreivews.com
Short
by TheBanker
2