EJ
EURJPY pullback to retest in the works, then massive dropShort of a NK scenario to overwhelm these technicals, we have this nice trade coming up - that is, a pullback to retest the thick red line for supply, then continued drop.
EURJPY LONG 1:1.7 100 pips targetHello,
looking at this small time frame, the 1317-1320 level has been tested several times since it got broken through on 15 September 2017.
And yesterday, EJ bounced off this level nicely again and now sitting at 132.3.
Target 2: 133 RR:1
Target 1: 133.47 RR1:1.7
good luck, happy trading!!
EUR\JPY short ideaEJ is showing bearish signs on the weekly and daily time frames,
i believe we can see downside potential to around 131.000
*always trade on your own risk
EJ BUYif the H1 candle close with engulfing above the 132.85 level, for me it s a good sign for a buy with the FIBB extensions as targets.
Short EJthis pair has broken a trendline on higher time frame and is now slowly retracing/consolidating and forming a rising wedge.
i am looking to short this pair at the top of the wedge - stops go above the Moving average cluster, and targets are the previous structure low (look left) and then the completion of the ABCD move.
what do you see?
wait to get short for bat pattern for EJhere is the short opportunity for EJ if it is correct the pattern so u can see in the chart
EURJPY looking weak, short on break of supportShort on break of support, continuation will follow. Start small, 1/4 lot then add and ride.
Bearish setup- EJPrice has been correcting big bearish movement since last week. EJ rejected 50% of fibonacci + MA50 with a low bullish volume. Breakout has done, so we can expect bearish movements this week.
MY THOUGHT'S ON EURJPYI've been watching this pair for a while now and sat back to really just let this trade come to me. As you can see we've been stuck in this bullish channel since august and are still in it. I'm currently in this trade as we speak, reasons for this our simple. Price action hit support at 132.000 were we got a bullish reversal Doji candle, this indicates change of price action which means bulls are looking to dominant this pair. Another reason I have entered this pair long is that I've drawn out my Fibonacci retracement from the Highest Low (HL) to the Highest High (HH) and price action has bounced off my 61.8% Fib and also off the trendline so this indicates more upside movement. First target is 134.400 I would love for price action to break above it get a retest off resistance which will be support at the time and continue heading up towards 136.600 (A). If at 134.400 price action does bounce off resistance I will be waiting for a break of the trendline, retest of trendline and that's when I wille nter to go short (B)
27 : Sell but closed earlier ( little profit)I sell with EJ, bet USD is weak, ( yes, GOLD is coming up)
But not sure because EU is going down too. (and yes EJ is the most profitable)
#26 : Closed SellI planned on Sunday, and in the Monday, during Euro or US session. i see it change momentum and cross SMA20. I decide to open Sell.
Nice little reversal position on EJ. Bill Williams theoryI am waiting pull back to balance line. Lets see
EURJPY - Potential Bullish Gartley PatternEURJPY seems to be developing a potential bullish Gartley pattern on the hourly time frame.
(X-A) impulse leg extends its toes to the 129.18 price area, followed by (A-B) leg retracing to the 61.8% retracement area. (B-C) follows next with a wick or two poking past the 88.6% retracement. Prospective (C-D) leg completion is noted at 127% extension of (A-B) leg and 78.6% retracement of (X-A) leg around 128.10 price area. May the pips be with you.
EURJPY : Short ider with MA crossoverMY Trade:
EMA 10 Cross SMA 20 down
Stochastic around 50 value
SELL trade.
Possible EURJPY short setup on 4hr candle retest and close.Looking to short EURJPY on a retest of current structure resistance. If EJ does not break current structure I'm going to look for sellers to enter around 121.500 levels. Looks like a decent risk to reward ratio even if it only retraces down to the 38.2.
Possible EURJPY short setup on 4hr candle retest and close.Looking to short EURJPY on a retest of current structure resistance. If EJ does not break current structure I'm going to look for sellers to enter the market on the downside and hop in.
Bear Trendbeen shorting since 122 levels short again @117.833 predicting breakout on 4h . SL@118.195 tp@116.146
