EURJPY: Battle of the meek!EURJPY
Intraday - We look to Buy at 139.00 (stop at 138.40)
Buying pressure from 138.92 resulted in prices rejecting the dip. The current move higher is expected to continue. The hourly chart technicals suggests further downside before the uptrend returns. Preferred trade is to buy on dips.
Our profit targets will be 140.75 and 141.70
Resistance: 141.70 / 144.30 / 147.20
Support: 138.80 / 137.55 / 135.95
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Eurjpysignal
EURJPY is in possible sell zone!!EURJPY has formed a reversal pattern on an important monthly level of resistance. On the monthly close, the price had a bounce and from the monthly resistance, it created a reversal pattern with a test of the neckline as resistance. It is a high probability that EURJPY will continue to drop as the market is over-extended to the upside
EURJPYHi Traders,
I am waiting for SELL at maybe Bat pattern level at 4 Hour chart of EURJPY
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY
- EURJPY has a short-term UPSIDE BIAS at the moment. XXXJPY CURRENCIES BUYED VERY FAST WITH JPY WEAKNESS. Maybe it can reach 140.234 LEVEL. 142.295 is a very good resistance limit.
- Some NEWS coming for the USD will help to weaken or strengthen the EURO. But if the RATE HIKE SENTIMENT is PRICED by the ECB, the EURO can be BUY more.
- Anyway, the price can move to the area I mentioned and after that the EURJPY price can move back to the 132.975 LEVEL. For that VIX should be UP and JPY should be STRONG.
2X EJ 2HR Tech. Analysis!EURJPY has been selling from the 137.500 area every time it touches that area of resistance! The euro is weak and that is why I'm bearish as well! Also we see that every time price breaks through the 136.550 area, price fall +70 to +160 Pips! so we will take these easy pips EJ are giving us!
EURJPY Short continuationHi traders,
As you have come to learn we are all for collecting easy money. Why go for complex signals that could go either way? Today we are looking to take advantage of the EURJPY bearish movement to support. I have my trend line at a key level using our blacksheep strategy. It is clear now that we are going to retest our support allowing us some profit on the weekly timeframe.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
EURJPY ShortAccording to the higher timeframes (D,W) the price has formed a rising channel, hence a major indicator of a potential bearish pattern, and the price touched the upper trendline, retested it and now formed a bearish confluence. The price touched a major support zone, bounced back up/ pullback, but the bearish confluence is still strong. The price might be rejected at zone 138.2 - 138.9, then it maybe a bearish movement. I predict that the bears will get an upperhand. My entry point is 138 with stoploss at 139, just above the market major zone.
Entry - 138.0
Sl - 139.0
Tp1 - 137, Tp2 -136 , Tp3 - 135
R:R is 1:3.
Remember, only risk 1 - 2% of the account.
EURJPY SHORTAccording to the weekly timeframe, there has been formation of a rising channel, which is a major indicator that the price might have some bearish potential. The price touched the upper trendline twice, before retesting the zone again. The price bounced off, formed a new lower-low, then right now it is in the pullback zone.
According to the chart pattern, I see that the price might have touched the higher low and we might see a significant drop from that. IF the daily candle forms a bearish candle either today or tomorrow, there might be a bearish rally that might follow after that.
The entry will be determined by the lower timeframes (1H and 4H timeframe).
The stop loss is placed slightly above the major market / resistance zone.
Entry @ 141.1, SL @ 142.4 TP 1 @ 139.7, TP 2@ 138.3 and TP3 @ 136.9.
Remember, risk only 1-2% of your account.