EURJPYKeep a close eye! EURJPY near to Fibo 61.8 level + Demand zone + Strong SR trendline - All 3 points meeting up
Perfect setup for Entry on Fibo 61.8 level
JPYEUR trade ideas
EUR/JPYThis is Weekly Chart of EUR/JPY
We can see Price has broken triangle shown in blue lines
But it faces resistance at red line levels..
Breaking above it can show nice upside movement ...
even Ichimoku shows signs of bullishness...
If Price faces a resistence,
Expecting price to break black line and retest few lower levels before gaining momentum to move futhure upside ...
EURJPY, its that possible ? just calm down and waitprice still uptrend,follow the trend until it bend
EUR JPY BUYEUR JPY BUY
REASONS ARE HERE
1. RESPECTED TREND LINE TREND
2. STRONG DEMAND AREA IN FUTURE
3. HIGH TIME FRAME CONFORMATION WITH STRONG DEMAND AREA
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
