Eurjpyprediction
(EURJPY) - Daily - SpeculationWe have a big trend line stretching as far as January 2016 which finally broke yesterday. we might have a small pull back before our setup is ready.
buy whenever you feel it fits your strategy.
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Liability Disclaimer : All trades posted here are my personal view of the market.
If your planning to use them as signals, do your own research first and you are responsible for your own entries, exit, profit and loss management.
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Range - Easy Support/Resistance Trade for Beginners - LONGApproximately 55 pips available. Market has reached a level of support on the 1hour chart. Market has been in this range since 22 September, with reliable recent evidence of market activity remaining within this range. Low risk entry of around 9 pips, with a reward of around 55 pips.
EUR/JPY1. Price may continue going down to .382 (S3), if it breaks the S3 price should retrace off the channel and go into an uptrend.
2. Possible reversal at 122.417 & 122.216
4. Once the resistance level at 122.739 is broken it turns into support for the uptrend
5. Once uptrend starts price may retrace 2 times before reaching target.
6. Watch for the retracement and exit trade "long and re-enter "Short" until the indication of the next uptrend
1,260 or more Possible Pips gained, if entries are on time
Today's Chart - EUR/JPY
Today's Chart: :EUR/JPY ( HOURLY )
The primary trend of EUR/JPY is bullish on charts and price is trading below the trend line in its hourly chart. In hourly chart the price is sustaining above 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 131.65 and support at the level of 130.02. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS
MACD is sustaining in its negative territory indicating the bearish trend in the pair.
RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.
STRATEGY
EUR/JPY is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra-day to mid-term positions in it.
www.tradingsignalreviews.com
EURJPY (RY) - Long&ShortHello!
Definitely, there is the Global Downtrend! But to the end of this year, we have two variants.
1) Long - S/L131.000, T/P133.700-134.000
2) SHORT - Sell Limits near 134.500 - 135.000, S/L 137.140 (EWP rules), T/P 123.500
Please, if you want to enter the market, first of all, use the Market Profile, Volume, Cluster&Delta analysis, Depth of Market and Footprint, when combined with the Wave Theory! Because without the above methods, the wave analysis is incomplete and inaccurate.
Best Regards! Powerful Traders.