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Eurjpyforecast

EURJPY | Perspective for the new weekAs the bulls are trying to break up the resistance level of Y126.620, price is caught in Double Top situation where a reversal is possible in the coming week(s). Tendency: Downtrend ( Bearish ) Structure: Double Top | Supply & Demand Observation: i. Since the beginning of the month, buyers have found it difficult to push the price beyond Y126.620 with a second attempt culminating with a sharp rejection of this level on Friday. ii. Price is presently within a significant zone (Y126.500 & Y127.000) - a Key level from the perspective of our weekly chart. iii. Double Top: The appearance of an extremely bearish technical reversal pattern forming after price reached Y126.600 two consecutive times with a moderate decline between the two highs is a harbinger to Sell for me! iv. However, it is important to note here that I shall be looking out for a Breakdown of the Y126.00 level for sell confirmation in the coming week. v. This been said, a Breakout of level Y127.000 with significant candles will disregard this bias and a shift in perspective for a rally will emerge. Trading plan: SEL confirmation with a minimum potential profit of 150 pips. Risk/Reward: 1:3 Potential Duration: 4 to 10 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
EUR/JPY BUY IDEAHey tradomaniacs, welcome to a new free trading-setup. Note: This is meant to be a preparation for you. As always we will have to wait for a confirmation. EUR/JPY: Day-Swingtrade-Preparation Market-Buy: 123,260 Stop-Loss: 122,770 Target 1: 123,710 Target 2: 124,020 Target 3: 124,490 Stop-Loss: 49 pips Risk: 0,5% - 1 % Risk-Reward:2,72 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
3
EURJPY – The completion of Diagonal PatternEURJPY – The completion of Diagonal Pattern and the advent of the uptrend In the daily chart, the Ending Diagonal pattern has been completed in the range of 144.39, and the price has been able to cross the end of the 4th wave (122.84) with 5 ascending waves, and extended up to the range of 127.07. According to this pattern, the target for the uptrend in the first stage is the range of 133. In the 240-minute chart, the price with Double ZigZag pattern has reached to the range of 121.61, we can have this probable scenario in which the 2nd wave is over. In order to confirm the uptrend, the price should be stabilized above the range of 125.08, in addition, if the price crosses the range of 121.61, this scenario will be nulled, and we will probably encounter a Complex Pattern in 2 wave
Long
by NirmataFX
4
We are waiting for a strong uptrend in 3rd Wave.In the daily chart, the downtrend has ended in the range of 109.21 and the price has completed the first 5 wave in the range of 137.50. The downtrend in the B / 2 wave with a form of 3 structure and the Ending Diagonal pattern has been completed in the range of 114.42. Then the first wave from point C / 3 is completed and its corrective movement has ended in the range of 121.61 and 3rd wave from this point has started. Currently, we can have a buy order on this currency with a loss limit in the range of 119.50 and the first target can be 133.07. which is too long-term target.
Long
by NirmataFX