EUR/JPY Technical analysisThe 30 minute chart of EUR/JPY shows that the pair is uptrend
As long as the supportive trend line holds,the pair would remain makes Higher highs.
EURJPY trade ideas
Last week made top at 1.30276 and closed at 1.2916. Got rejectedLast week made top at 1.30276 and closed at 1.2916. Got rejected at Daily Resistance. Major Trend remains down.
strong support..long target also describe...in 4hr rsi is over sold zone time to have some retracement...
#Eurjpy #forex reade analysisIf it test the support at yellow line and bounces from their then expect it to hit green lines otherwise short it with red as targets.
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wait for the breakout..wait for the breakout its over strong resistance...in 1hr chart...let the breakout and we buy from retest area...see breakout above trend line and 50ma....
wait for bullish candle...as we no market is in uptrend....market may be retest its breakout..now its over strong support area..wait for the bullish candle their then go long....
EURJPY SELL AS WE GOT BUTTERFLY PATTERN, AS .786 IS NOT ON PERFECT POSITION BUT STILL WE GOT TWO REASONS TO SELL THIS PAIR
FIRST, THE HAMMER
SECOND, THE STOCHASTIC CROSSOVER
TAKE PROFIT DETAILS ARE BEING GIVEN AND SOON WILL EXECUTE ON PYRAMID PATTERN
STAY TUNNED ;p
EUR/JPY Technical analysisThe chart clearly shows that the pair after a long downtrend breached the resistance trend line
It is going to retest the resistance in which the pair is going to create the lower highs after that
long after the trend line retest bullish candle formation
