EURJPY bounced off its support at 121.087 where it could potentially rise further to its 122.166.
Disclaimer:
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURJPY bounced off its support at 121.087 where it could potentially rise further to its 122.166.
Disclaimer:
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURJPY has bounced off the descending TREND LINE along with the formation of a DOJI Candlestick which indicates there could be a recovery in EJ prices near term.
Hence, traders can look for BUY entries as long as price stays above the Trend Line between 121.80-122.10 with SL below the Trend Line. TPs can be set at 122.80 and 123.50 respectively.
BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
This week EURJPY keeps her strong Downtrend.
So that we prefer to Sell after She has a shot-recovery.
My Trading Strategy with EURJPY this week is : Waiting the recovery done then Sell.
#Sell zone: 121.900 - 121.100
Stoploss: 122.350
TP1: 121.300
TP2: 120.800
Forex cross pair EURJPY is dropping on the weekly and creating new supply levels at 134.9 for potential shorts. It is quite a wide zone and they are usually penetrated deeper so expect a reaction but deeper into the level. In a downtrend supply imbalances are respected and demand zones and levels are removed. Short bias on EURJPY.
After a big move up, the Yen made some major gains over the last week as this pair has plummeted. We are now down and through the kumo, and close to a bearish kumo twist. In order to get a sell opportunity here, I want to see a drawback to just shy of the kumo and a good rejection candle to enter a sell. If we can get that, I'll enter and aim for the partial take...
The EUR/JPY currency pair is likely to continue its upside swing.
Wait for a breakout and confirmation.
support level at 120.80
Target at 123.53 region.
Buy after breakout and a confirmation.
Good luck everyone!
Yesterday, I bought EURJPY at 122.21 and also advised my followers/friends to do so. Right now we are holding the trades for 123.30 as final TP.
The support area managed to stop the fall and we also have a nice pinbar candle which indicates that we can see more bullish price action till 123.50.
EUR/JPY Long Idea (5/22/19) 1HR Chart
- Looking for price to reach the bullish trendline
- Price should reach the 4HR disturbance (orange level)
- Looking for the first fib extension @ 124.000
- Long term target @ 125.000
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