If the profit was booked when 3% was reached then the result would have changed big time.
EURJPY Forecast: We will take a Long position @ 131.30 and collect profit as per the target by risking 1-3%. Tips: Keep trailing your SL after 20+ Pips to lock your profit. Many confluence confirmed: Uptrend. Thanks to all those who have followed me and liked my post. Special thanks to all those who DM me and commented on my analysis wanting to know more...
If EURJPY break the level of 131.15 demand zone next downside move willbe 130.75 and 129.80
Reasons for trade- 1: Risk Reward 1:3 and 1:5 2. Price broke major consolidation level of 130.60 after 8 days and now returning towards that level 3.Price has created lower high and lower low on 4 hour chart which is confirming downtrend for upcoming days 4.Price closed below major daily support of 131.700 5. Prerequisite for trade is bearish candlestick pattern...
EURJPY crossing support zone ..if it crosses then go for short ...
Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (131.10). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURJPY is in an uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Eurjpy has leave the strong supply zone at 130.66 and 130.44 and also it have classical bearish divergence at the new demand zone. Now we take the short postion at 130.45 with the stop loss of 131 targets 129.80 and 128.50
eurjpy has broken on upside and looking to touch 131.600 easily.
Levels to be looking for entry 1. Double-top within structure 2. 3rd Test of the structure boundary Entry Signals to looks for 1. Engulfing (after price breaks the above mentioned level and reverses) 2. Pin-bar (after price breaks the above mentioned level and reverses)
Sell after broke below trendline and rectangular support in 5mins time frame