Hey guys, Took a trade this morning on EUR/JPY. The reasons are the following: - Resistance was broken and we see strong bullish candles on H1 - Price is above the daily pivot level, above VWAP and looks like it is also forming inside a flag - The top of the flag is also a supply level = resistance I am a buyer and will target 123.850 - 124.00 levels. The...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (124.45). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (124.43). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (126.68). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (126.05). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (125.5). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (125.1). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (124.4). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (123.74). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (121.9). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
Trade Setup summary: Profit targets=1250 pip (85 + 135 + 240 + 350 + 440) Stop Loss =350 pip Reward/Risk > 3.5 : 1 Current Status: Total Profit: 140 pip Closed trade(s): 0 pip Profit Open trade(s): 140 pip Profit Trade Setup: We opened 5 BUY trade(s) @ 119.8 based on 'previous Forecast' at 2020.06.20 : Open Profit: Profit for one trade is 120.18...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (122.7). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (118.050). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (117.0). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (116.5). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support....
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (115.6). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (116.45). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=118. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=117.3. TP4: S2=116.9. Set the stoploss of these orders at breakout of R2=118.2. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...