As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=129. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=128.3. TP4: S2=127.85. Set the stoploss of these orders at breakout of R2=129.15. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=132.6. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=131.9. TP4: S2=131.5. Set the stoploss of these orders at breakout of R2=133.1. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
BUY EURJPY between 132.45-132.50 sl 132.20 TP 132.90
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...
The 4-hour chart of EUR/JPY formed a double top pattern and made a strong sell off. Now it currently retesting the support of the double top pattern. The chart is also forming a up channel which could be interpreted as bearish flag too. As per our analysis,the counter is trading around multiple resistance zones and a strong selling pressure could be...
New trading suggestion: Price may also reach to suggested resistance line (133.50). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Midterm forecast: While the price is below the resistance 133.50, beginning of downtrend is expected. We make sure when the support at 128.95 breaks. If the resistance...