EURJPY trade ideas
Your Girl wont go down on u, but EURJPY willAbout me:- This is your own scammer demo trader who lived in the stone age era & gained immortality by slaying a Ninja Dragon & his unicorn friend about 2.6 million years ago, then the ninja dragon's master challenged me to fight him for his time travelling rainbow coloured shining sword & his rented Ferrari, of course after beating him as well I used his travelling sword along with rented ferrari came down here in the modern age of 2020, sold his ferrari and managed to gather some money for this trading.
Disclaimer:- Don't Listen to me, I'm not a financial advisor
EURJPY - LONG "Falling wedge pattern"Price is at a KL area and has formed a falling wedge pattern which is suggestive of reversal soon.
Will wait for the 1st correction and then enter LONG (this is confirm my bias of LONG as valid and act as an added confluence)
The 2 corrections are:
Forming a hover below the TL or above the channel
EURJPY likely to go further short as Yen is gainingEURJPY is currently going short and is likely to go further short at least till the marked line below Support (S1) point. This is due to Yen gaining the price momentum
market have broken a structure lowmarket made a reversal pattern and we look for a sell opportunity near structure low
chart analysis update LIGHT GREEN-DAILY SUPPORT/RESISTANCE
LIGHT YELLOW- DAILY ZONES
PURPLE-SUPPORT/RESISTANT 4 HR
DARK BLUE- MONTHLY TREND-LINE
DARK GREEN- 4 HR ZONE
EURJPY UPDATEDEURJPY MUST PAIR IN FOREX THIS TIME UP TRAND BUT THIS WEEK DOWN TRAND THAN VERY GOOD OPPORTUNITY HERE
Don't miss the great buy opportunity in EURJPYTrading 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.
. The RSI is at 67.
Take Profits:
TP1= @ 123.35
TP2= @ 123.95
TP3= @ 124.25
SL= Break below S2
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Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EURJPY - UPSIDE POTENTIAL- L50 STATUS - In Buy Zone
- EMA STATUS - In Position
- RSI - Nice Cross
- VALID CANDLE - Bullish Engulfing
- OB/OS - Not OB
- HIGHER TIME FRAMES - Up Trend
Further Confluence:
Break for a new High of day, Pair is in an uptrend with space to move, definite upside potential.
Initial Risk - 1%
EURJPY 4HR Daily candle closing above resistance level 120.00 will push the price unhindered to level 121.00
Don't miss the great buy opportunity in EURJPYTrading 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.
. The RSI is at 60.
Take Profits:
TP1= @ 118.95
TP2= @ 119.20
TP3= @ 119.65
SL= Break below S2
Don't miss the great buy opportunity in EURJPYTrading 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.
. The RSI is at 51.
Take Profits:
TP1= @ 117.6
TP2= @ 117.9
TP3= @ 118.5
SL= Break below S2
