AdamWiIson

AdamWiIson

I have entered off the breaker highlighted by the arrow being respected, I think this sharp down movement has taken out weak long positions. Bias firmly long now. lets see.

AdamWiIson

Descending bearish trendline broke with retest, monthly resistance broke. next big level is 1.23750 weekly res. Strong momentum

AdamWiIson

2 potential targets if it breaks this monthly resistance to the upside.

AdamWiIson

Will get long if this counter trendline breaks which coincides with a key monthly level break. Will enter on a re-test (If we get one). Now bullish on the weekly too with higher lows being consistently made.

AdamWiIson

ANALYSIS IN YELLOW.

AdamWiIson

Analysis is on the chart.

AdamWiIson

Monthly support firmly broken, ABCD Fibonacci will be completed by Friday in my opinion, (-61.80% extension level) with an extended target up to the weekly resistance at 1.20800ish.

AdamWiIson

Analysis in yellow. Looking to go along with the bullish trend but will see.

AdamWiIson

Analysis in yellow. PM me for any questions.

AdamWiIson

Yellow box analysis as always.

AdamWiIson

Analysis in yellow.

AdamWiIson

Weekly indicates to this looking like a strong possiblity. I am bearish UJ GJ EJ but this is an interesting weekly chart for EURJPY, reasoning in yellow box.

AdamWiIson

Explanation in yellow, PM me for anymore information.

AdamWiIson

Analysis in yellow box

AdamWiIson

Explanation in the Yellow box.

AdamWiIson

Reasoning in Yellow. Any questions PM me.

AdamWiIson

Bullish Counter Trend Line been broken with a firm retest (Spinning top candle). Overall on the monthly chart/weekly chart this is bearish and the current light blue area is monthly support which looks to be holding well. (P3) indicates price has hit the above trendline 3 times, I am expecting continuation downwards and if things go to plan, I'll take profit around 0.745.

AdamWiIson Updated 

Currently at a strong resistance level on the Weekly. been respected multiple times however price has been in 'no mans land' for a while on this pair. I think it looks to have enough momentum to break this level finally and reach up for the monthly resistance. Be interesting to see how this weeks candle closes. Will we see a clean break before Friday? Any...