EURJPY.100.CSM trade ideas
ShortPrice is in potential supply zone and also a rising wedge(Reversal pattern) is formed which increases probability of reversal.
EURJPYCurrent Trend Up
TG1 = 126.419
TG2 = 126.614
TG3 = 126.832
For Short Reverssal
TG1 = 126.140
TG2 = 125.929
ideaWith the formation of the double top done,we should expect some downside momentum as EURJPY is about to break out of the arch formation of the ascending channel
💡 Don't miss the great sell opportunity in EURJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (126.75). 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 dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 126.34
TP2= @ 125.70
TP3= @ 125.05
TP4= @ 123.95
TP5= @ 122.80
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EURJPY : BULLISH TRIANGULAR WAVEGo long at current levels keeping the mini stop loss below the level of wave-c that is 125.900. The target zone for the structure is 127.200
EURJPY : LOOKING FOR LONG!EURJPY has the perfect setup for the long side almost forming consolidation to the move to the upside. All need the risk management with 1-2% of the total account for a nice risk entry, for the potential move to the upside.
EURJPY SIGNALSi follewed certain rules.
its educational purpose only.
#EURJPY #CopyCat Forex
!!Trust Fibo, Trust Trade!!
Go Long in EURJPYEURJPY
would recommend a buy position in this pair. after a good bull run it has retraced well to .618 fibo levels and consolidated before running and currently given a breakout from the pole n flag pattern. will be a great add for 160 pips with a stop loss near 123.5 (4H closing basis) . if the fall is hard then also consider one hour closing basis.
