Previous trade hit my SL due it being tight and price deciding to form another structure. But we go again at the break of this bearish flag.
Good setup, price made a LL and LH with bearish pinbar. This was a feast day so was off trading for the day.
Price broke out of an ascending channel and stucked in one place for 6-8 hours after the drop. If price breaks the correction, I'm anticipating it to continue dropping.
The EUR/JPY continues to depreciate for the tenth consecutive day, with resistance at 158.17 and proximity to the Ichimoku Cloud (Kumo) suggesting potential downside risks. Currently trading at 157.60 (-0.19%), the Euro is weak due to recessive prospects in the Eurozone. The ECB is maintaining steady rates, following the Fed's approach of keeping rates higher for...
Price could fall to our buy entry at 157.16, which is a swing low support level, aligning with the 78.6% fibo projection and slightly above the 78.6% fibo retracement. Our stop loss is at 156.63, which is a multi-swing low support level. Take profit is at 158.05, which is a multi-swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on...
EURJPY could rise towards a pullback resistance and potentially reverse from here to drop lower towards our take profit target. Entry: 158.500 Why we like it: There is a pullback resistance level Stop Loss: 159.000 Why we like it: There is a level that aligns beyond the 127.2% Fibonacci extension level Take Profit: 157.184 Why we like it: There is a swing-low...
Our analysis suggests that there is a sideway bounce trading opportunity, with resistance at 158.49 and support at 156.79. With a difference of 170pips, this provides an incredible profit potential that can lead to close to 1,790usd/lot. We have two sideway bounce trading strategies that we could utilize to maximize our profits. I would love to hear your thoughts...
Hello,Friends! EUR/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 157.515 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
ased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
I'm just learning how to be a profitable intra day trader, I've been a swing trader before now but I've not been profitable with it but I've marked this up for months now and I can see that its following through, but I can see its entering a major resistance zone, so I'm telling you, if it can break through, we're still on a buy on EurJpy. But I stand to be...
Following Demand and Supply technical analysis, Supply is relatively high on intraday timeframes. Remember to look confirmation before taking the leap and as well as proper risk management.
Preferred direction: SELL Comment: The trading idea for the euro remains unchanged and further decline is expected. Today, the currency pair has already reacted to relatively negative statistics from the EU, although there is no big negative here. But this trend is enough for the US dollar to continue its pressure on competitors. The main goal today is to...
in uptrend since long time now showing some bearish signs recently formed ascending channel breakout and retest has already confirmed expecting massive bearish rally in coming days expecting 350 to 400 pips bearish rally
Hello,Friends! We are targeting the 157.786 level area with our long trade on EUR/JPY which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
My dear friends, My technical analysis for EURJPY is below: The market is trading on 157.40 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 157.96 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall...
Price has been consolidating but has now formed structure within the range that could possibly push price outside the range to the upside to possibly retest a higher time frame supply before further expanding down since higher time frame bias is bearish at least for the short term.
EURJPY - 24h expiry Buying pressure from 157.37 resulted in prices rejecting the dip. A Doji style candle has been posted from the base. Indecisive price action has resulted in sideways congestion on the intraday chart. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Further...
Preferred direction: SELL Comment: The currency pair is considered according to the same two scenarios, and most likely the instrument will go according to the first scenario. Closing the day below the level of 147.816 will strengthen the opinion on this matter. The downside potential is still the same at 144.900. Thank you for like and share your views!