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Eurjpybreakout

EURJPY ROCKET COMING DOWN?EURJPY has been travelling in an ascending channel ever since the large drop on all fx pairs.Price is currently at the top of the channel and is also inbetween the 0.50 -0.618 retracement zones which is a golden reversal point. SL AND TPS are marked out on the chart above ,Potential reversal scenarios are also marked out above. If price breaks out above the channel we could see a retest back down with a move up to the nearest resistance zone. If it breaks out to the the downside we could see a move up as a retest and then a move back down to the closest support zone.
Short
by UnknownUnicorn2396129
EUR/JPY FLAG TO BUY UPAs you can see market is forming a flag here on the 60MINS view which is a continuation pattern hence market will breakout to the upside. Also looking at 4hr view as breakout build forming of a pennant which will go up, so this flag/view will build into that pennant/view so i expect plenty pips on this one. No given figures so one can chart themselves and use their own initiative for buy and take profit area, i've highlighted the opportunity to you. HELPFUL VIDEO TO TEACH YOU: www.youtube.com www.youtube.com DISCLAIMER; Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders. All comments and questions welcome, if curious about indicators I use then feel free to inquire. IF YOU SUPPORT MY IDEAS THEN PLEASE LIKE, FOLLOW & SHARE. ~ THANKS! ~
Long
by Dani0
EUR/JPY BEARISH PENNANT TO SELL?Market is forming a bearish pennant on the 2HR chart view and this is a breakout to the downside so watch this space, sell once market breaks out of pattern formation. DISCLAIMER; Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders. All comments and questions welcome, if curious about indicators I use then feel free to inquire. IF YOU SUPPORT MY IDEAS THEN LIKE, FOLLOW & SHARE.
Short
by Dani0
EURJPY profit target reached perfectly, prepare for further dropSell below 135.14. Stop loss at 135.53. Take profit at 134.28. Reason for the trading strategy (technically): Price has dropped perfectly as expected and reached our profit target. We now see major resistance at 135.14 (Fibonacci retracement, horizontal overlap resistance) and a strong reaction could occur at this level to push price down towards 134.28 support (Fibonacci retracement, horizontal pullback support). RSI (34) sees a bearish exit recently signalling that we should be expecting some bearish momentum in line with what we’re seeing in price.
Short
by MEX_Exchange
1