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EJ

EURJPY Breaking Bullish Structure on H1The H4 timeframe shows a bullish trend has broken and turned bearish. Similarly, the H1 timeframe has shifted from bullish to bearish. Plan A: Price is retracing to a potential liquidity pool area - this is a corrective wave, so we'll set up a sell order at the liquidity pool area. Only sell with confirmation of entry here. If Plan A hits stop loss, continue to watch for selling opportunities according to Plan B . Only sell with confirmation of entry.
Short
by JohnnyTranFx
EURJPYDear traders, As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible As I said last weeks...as I was telling you last week, EJ rejected from the very strong resistance formed in the last 4-5 years and from the Fibonacci 786 area on the 1 month chart! From here ... I will only look for SELL for at least 400-500 pips until the first close even for 1 day over 134,050 THIS WEEK...EJ has already made 300 pips out of the 500 I was telling you about and even if it rejects 100-150 and has a range in this area, the final target for the next period is the 129,100 area (Fibonacci 618 for 1 month and from there ... we will reanalyze the whole situation NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
by BloomFX_SIGNALS
Can we see it stopped again at the head & shoulders neckline?Over time, eurjpy was pushed up from the area of YPP (P) 128.637 and MPP (P) 128.786. It will be stopped around 130.000 and the next week will be come. Weekly Chart 130.000 is not only a round number but also a head & shoulders neckline, so it seems that there are many conscious traders. (Also worried that for MA users 800 EMA and 1600 EMA are close?) Even if it goes up or down it has a possibility to move greatly, it is likely to be a turning point. as you can see,YPP (P) was penetrated several times last month and Month before last. Therefore, we do not think much about support line. However, since MPP (P) don't have a lot of information to say that it is easy to be penetrated, attention is still necessary. << tactics >> 1) 130.000 functioned as a resistance line short. The first limit is above 128.785. The second limit is above 128.000. * Assuming that it can penetrate MPP (P) and YPP (P) 2) It is doubtful that 130.000 functions as a resistance If it penetrate 130.000 and function as a support line, I will consider long. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding round number. Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Short
by fondiea