EURJPY trade ideas
Don't miss the great buy opportunity in EURJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (115.6). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 57.
Take Profits:
TP1= @ 116.20
TP2= @ 116.45
TP3= @ 117.20
SL= Break below S2
SELL EURJPYTHERE IS A SELL TREND IN EURJPY ALSO AT PIVOT SO, CAN GIVE PROFIT IF WE GO SHORT ON IT!!!
JUST GO FOR IT. :)
EUR/JPY Technical AnalysisThis counter currently is in a rising wedge formation.
It breaks the pattern & moves in a negative direction.
Hence, it will be bearish from here.
Don't miss the great sell opportunity in EURJPYTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (116.45). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 115.60
TP2= @ 115.20
TP3= @ 114.50
SL: Break Above R2
EUR JPY Buy ONLY IF it breaks and sustains above 117.000 if it doesnt then it could continue dropping
EURJPY Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=118.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=117.3.
TP4: S2=116.9.
Set the stoploss of these orders at breakout of R2=118.2.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=118.2.
In this situation, there is an expectation to reach the target R3=119.05.
Set the stoploss of reverse orders at breakout of R1=118.
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