As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=118.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=117.8.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
After analysis i can say we will haveve much more bigger UP trend. EUR trade negotations betwen CHN AND USD are be positive today, that is give some power to EUR. EUR will recover my opinion today. JPY is the weakest currency today, and they are have some poor economy results in last week.
Join on this idea i expect big profit here.
The EUR/JPY on the 4-hour time frame has been following a downtrend recently. The price dipped below 116.800 on 30 August to register the lowest level of period under study at 116.411. Bears are pushing the price lower as key technical indicators are supporting the bearish trend. The price action in the EUR/JPY is mainly driven by the weakness in the Euro. As of...
With 5-wave move is over.
It is should now a start for a bigger consolidation with history repeating itself.
First it must break-out the structure with a short follow by a long positions.
I set-up my short and long positions for you to review so you must look at a bigger TF to understand the structure. (say daily chart)
But what comes next after the...
120.123 - 120.452 Add to Watch List
Signal ID: 67091
Time Issued: Wednesday, 24 July 2019 07:31:15 GMT
Entry: 120.123 - 120.452
Stop Loss: 120.551
The Breakout Opportunities system has just sold EURJPY at 120.263. The system recommends entering this trade at any price between 120.123 and 120.452. The signal was issued because the...
121.982 - 122.238 Add to Watch List
Signal ID: 66106
Time Issued: Thursday, 13 June 2019 19:16:15 GMT
Entry: 121.982 - 122.238
Stop Loss: 122.481
The Breakout Opportunities system has just sold EURJPY at 122.136. The system recommends entering this trade at any price between 121.982 and 122.238. The signal was issued because the...
Price is approaching our first support ( 100% Fibonacci retracement, Horizontal overlap support, 50% Fibonacci extension) where a strong bounce to our major resistance ( Horizontal swing high resistance,38.2&76.4% Fibonacci retracement) might occur. Stochastic is also approaching support where we might see a bounce.
Trading CFDs on margin carries high risk....
Sell EUR/JPY between 121.70 and 121.90
Target 1 : 121.10
Target 2 : 120.25
Stop Loss : 122.55
EUR/JPY0.10 lot should be your maximum open lot on your 1000$ trading account.
10,000 USD balance = 1 lot maximum (Example : 0.25 lot x 4 orders = 1 lot)
50,000 USD balance = 5 lot maximum (Example : 1 lot x 5 orders = 5 lot)
EURJPY is approaching our first support at 121.91 (61.8% Fibonacci extension*2, horizontal swing low resistance)where a strong bounce might occur pushing the price up to our major resistance at 122.79(horizontal swing high resistance, ,23.6%Fibonacci retracement). Stochastic is also approaching support. Trading CFDs on margin carries high risk.
EURJPY is testing our first resistance at 122.80 (61.8% Fibonacci extension,23.6% Fibonacci retracement, horizontal pullback resistance) where it could potentially drop to its support at 122.12 (horizontal swing low support, 100% Fibonacci extension).
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully...