Trade Idea: Selling EURJPY Reasoning: Large shooting star candle on the daily chart, price action rolling over to the downside on the 60min chart Entry Level: 140.07 Take Profit Level: 136.90 Stop Loss: 140.76 Risk/Reward: 4.62:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There...
EURJPY - Intraday - We look to Sell at 142.40 (stop at 143.30) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Previous resistance located at 142.38. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The current move higher is...
Trade Idea: Selling EURJPY Reasoning: EURJPY to continue lower? Broken trend and EUR under pressure Entry Level: 137.68 Take Profit Level: 134.17 Stop Loss: 138.68 Risk/Reward: 4.01:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in...
Trade Idea: Short term double top on EURJPY Reasoning: Stalling on the daily, double top on the 60min. Possible intervention? Entry Level: 142.42 Take Profit Level: 140.50 Stop Loss: 142.97 Risk/Reward: 3.4:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk...
EURJPY Long Position On The 1H Time Frame.
Price is currently at an H4 bullish order block and I expect it to reverse to the upside. Given the hawkish tone of the Fed this morning, its advisable to wait for a M15 break of structure before entering. Good Luck!
EURJPY. Bullish Engulfing Candlestick On The 4H Chart. Euro Yen Market Remains Bullish.
2H Chart (Candlestick Closed Above Level) 4H Chart (Bullish Engulfing Candlestick) Watch For Bullish Price Action Signals At The Support Levels. Watch for signals at the EMA 10 Level, EMA 20 Level, Trend Line Level, and Horizontal Line Level.
Not much analysis to go over with this potential trade, we are currently trading within a range where the resistance is signifacntly strong meaning any bullish momentum beyond this could be a continuous move to the upside. The key here is to watch out for potential fakeouts that we have seen over the past few trading days, the market is having a blast with...
Short Position has taken. Price broke a demand zone in 4H timeframe and it did a pullback. It is a Short-term bearish target. The tp is the next demand zone. R/R = 1:1.63
The long position taken. The price broke a monthly resistance and also in Daily timeframe and 4H timeframe is bullish. The TP is the level of komu. ( it is a conservative TP, cause I can put it on last week high). R/R = 1:2.12
Here on the yen we have a Bearish ABCD Pattern. Price Rocketed up to the completion point. now we will be keeping an eye out for what the RSI will do we are looking for a test of the 50 line and then return to the extreme. when it does we enter when the RSI is on its way out of the extreme again!
EURJPY has been rangebound over the past few days. Price appears unable to break the support level at the 133.600-133.700 area, and so I am expecting a break to the upside to continue the overall bull trend. Entering at the support level offers a good risk:reward ratio with a small stop loss should price happen to break lower.
Looking for a quick 60 pips on EURJPY as I anticipate it to make a bullish push through it's current zone, to revisit the 2021 highs. The 100 EMA offers support for price to move higher.
Here on the Euro Yen we have a bearish bat pattern on the 4H. The two oscilitators on the right are currently not looking like there is going to be any movement at the moment. were gonna be looking for some type of movement into the extreme levels. the pattern completed in a strong area of resistance on the daily. we will be looking for a good push into the...
Here's what's cooking in the forex front. Just waiting for a confirmed breakout here. Measured move to 131 handle and a second target near the 132 handle which is a weekly resistance level. Not trading advice. DYOR. TAYOR!
Watching that 127.00 as a potential support for a move higher to that 129.30 level. Needs a confirmed breakout signal first.