Eurjpyprediction
Possible Entry for EUJPYG'day Mate
Here my idea on EURJPY, i couldn't explain everything what i saw on this pair. Here some idea that might help us to make trading decision on this pair
Comment and Share this idea if your guys like it.
Thanks
EURJPY - Diagonal PatternIn the weekly chart, the Triangle pattern is broken and the uptrend is almost being confirmed
(Weekly Chart )
In the daily chart, by completion of Wave 2 in the range of 114.39, the uptrend has started in Wave 3, price is currently in this wave of which the targets of the uptrend can be in the range of 133.
(Daily Chart )
In the 240-minute chart, the wave counting has shown that, corrective movement of wave 2 from sub-waves of wave 3 has been finished in the range of 38% Fibonacci ratio. The most important point is that the Diagonal pattern has been shown in the one-hour chart.
By crossing the price from the range of 128.66, this scenario will be confirmed.
EURJPY LONGHello everyone, if you like the idea, do not forget to support with a like and follow.
DISCLAIMER
________________
Forex trading and trading in other leveraged products involve a significant level of risk and are not suitable for all investors.
EUR/JPY Signal (H4 Timeframe) Looking BullishHi Traders
EUR/JPY Signal (H4 Timeframe)
A medium to high probability, entry to go LONG is forming @ 128.443 after the market found support @ 127.300. Only the downward break of 127.300 would cancel this bullish scenario.
Trade details:
Entry: 128.443
Stop loss: 127.300
Take profit 1: 129.117
Take profit 2: 130.260
Take profit 3: 132.123
Score: 9
Strategy: Bullish Breakout
EurJpy- I expect a violent break to the upsideThe long term trend for eurjpy is clearly up and the pair is consolidating gains for over 2 months now.
If we ignore the false break of 126, the range is pretty tight, between 126 and 127.
Now the pair seems to press on resistance and I expect a strong break and acceleration
My target for long position is 130 and only a daily close under 125.50 would change my mind
EURJPY, Big Picture..!T.A Review:
Symmetric Channel Formation
127 seems to be rejection zone
Falling Wedge on Lower TF.
If 127 holds then we'll be dipping hard till
122-123 atleast
Else
If breaks above and holds then 130 incoming.
F.A Review:
Dollar strengthens and Covid can't be ignored.
FED decisions, NFP,ISM and PMI are on the way
as well. Market will be highly manipulative this
month.
EURJPY possible bullish target 127.90professionals increased 5% short jpy by last week. Commercials increased 1% long positions as well. Net Impact of 6% short in jpy. one & five year bullish extreme jpy as well. 17th January weekly bar is key reversal bar made a new low closed off the high. 24th weekly bar is Insurance bar dictating continuation bullish rally.
EURJPY- Sell Trade Start << Lets WatchDisclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management.
_______________________________________________________________________________________________________________________________________________________
Thank you for your support!
EURJPY ANALYSISEURJPY ANALYSIS
Please consider to put a like to my idea for supporting me & subscribe for more ideas.
Idea is not the financial advice!
EURJPY Waiting for price to pull back to the the demand area of 125.140 which is also the low of the previous week. Target is in the 127.420 supply area.
EURJPY / LONGPrice bounced off the trendline so we can go long, if the trendline is broken we can look for shorts
EURJPY ANALYSISEURJPY ANALYSIS
Please consider to put a like to my idea for supporting me & subscribe for more ideas.
Idea is not the financial advice!
