Midterm forecast: While the price is above the support 115.850, beginning of uptrend is expected. We make sure when the resistance at 120.800 breaks. If the support at 115.850 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 117.665 on 2019-08-05 and the...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=119. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=119.6. TP4: R2=120. Set the stoploss of these orders at breakout of S2=118.8. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
EURJPY is going to breakout of a tightening range. Trade the breakout, whichever way it breaks. Tp 1.2% on each side to breakout. Don't forget to take partial profit and move Sl to Be after getting 1:1 R profit. Thats sound money managment.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=118.25. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=119.15. TP4: R2=119.55. Set the stoploss of these orders at breakout of S2=118. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
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: TP3: R1=118.7. TP4: R2=119.15. 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...
EURJPY BUY SETUP EURJPY BUY @ 118.15 SL @ 117.360 TP 1 @ 119.576 ( MOVE SL TO ENTRY OR CLOSE TRADE ) TP @ 120.729 Happy traading please Apply proper risk management
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=117.75. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=118.55. TP4: R2=118.8. Set the stoploss of these orders at breakout of S2=117.5. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=120.75. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=121.4. TP4: R2=121.65. Set the stoploss of these orders at breakout of S2=120.2. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
EURJPY it is forming a Descending channel pattern if it breaks above then will go for long position
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=122.4. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=123. TP4: R2=123.3. Set the stoploss of these orders at breakout of S2=122.2. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
EURJPY in 1H chart shows that there is an ascending trend line and Stochastic shows gold cross. Bullish momentum.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=122.45. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=123.1. TP4: R2=123.6. Set the stoploss of these orders at breakout of S2=122.1. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
trend: bearish bears are going to charge T1 is a possibility for bulls to enter though, but bears still can be stronger
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=125.85. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=126.3. TP4: R2=126.5. Set the stoploss of these orders at breakout of S2=125.65. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (125.85). 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....
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=124.1. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=125. TP4: R2=125.25. Set the stoploss of these orders at breakout of S2=123.9. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...