Eurjpylong
forex | eurjpy multi timeframe analysis - long opportunityforex | eurjpy multi-timeframe analysis - long opportunity
following support and resistance strategy on the monthly and weekly chart and I expect the price will continue moving up to reach the historical resistance.
but I'm afraid of the over-bought of the RSI indicator. so I think the price will make a correction to backtest 61.8% Fibonacci and continue going up.
#eurjpy #eurjpy_analysis #eurjpy_signal
Breakout Identified in EURJPYThe Breakout Opportunities system has just bought EURJPY at 132.397. The system recommends entering this trade at any price between 132.279 and 132.544. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -2.122, suggesting that the EURJPY may have further to rise. A stop loss has been set at the 24-hour low of 131.924 and a profit target has been set at the 1 Day ATR level at 132.984. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.
Signal ID: 76069
Time Issued: Tuesday, 11 May 2021 09:02:15 GMT
Status: open
Entry: 132.279 - 132.544
Limit: 132.984
Stop Loss: 131.924
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Past Performance is not an indicator of future results.
EUR/JPY - Break In Bearish Structure!What Is The Market Telling Us?
Euro long accumulation phase has expanded since 26th of April
Break of market structure validates bullish momentum incoming
62% Fib retracement held price for continuation on bullish run
What Are Market Participants Doing'?
EUR longs rose +13.1% in past 24 hours as JPY shorts dropped -10.3%
81% of retail traders are going short on this pair
COT Data shows over 10,000+ lots has been added to the EUR over the past week
Breakout Identified in EURJPYThe Breakout Opportunities system has just bought EURJPY at 131.371. The system recommends entering this trade at any price between 131.276 and 131.518. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.397, suggesting that the EURJPY may have further to rise. A stop loss has been set at the 24-hour low of 130.991 and a profit target has been set at the 1 Day ATR level at 131.959. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.
Signal ID: 76003
Time Issued: Thursday, 06 May 2021 07:04:15 GMT
Status: open
Entry: 131.276 - 131.518
Limit: 131.959
Stop Loss: 130.991
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.
Past Performance is not an indicator of future results.
EUR/JPY New Long Analysis To Catch More Than 250 Pips This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EURJPY Hit All Targets +140 Pips , When It Will Go Down ?This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EUR/JPY Running In 100 Pips Profits , Will Continue ?This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EURJPY longs after price action on this pair you can see the weekly lvl we have broken up and out of, what i have done is take a fib from low to high and you can see we have fib confluence in this area we also have atr right on this zone this to me is enough confluence to look for lons from this lvl