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Eurjpyoutlook

EURJPY (15) BREAK AND RETESTHello, EJ rejected the minor trendline and formed a bearish candle showing that the bears had taken control. So in the opening of the Asian session i want to see it move downwards either reject that downward minor trendline and move up or break through with strong bearish momentum , if it rejects it like in the past then i want to see it move upwards as basing on divergence and market structure as main confluences. Share your thoughts with me Jesus loves you <3
by louisemwesigwa
EURJPY profit target reached perfectly, prepare to sellSell below 121.09. Stop loss at 121.86. Take profit at 119.65. Reason for the trading strategy (technically): Price has shot up and reached our profit target perfectly. We now turn bearish below 121.09 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to 119.65 support (Fibonacci extension, horizontal support, recent swing low support). Stochastic (34,5,3) is seeing resistance at the 92% level.
Short
by theforexarmy
EURJPY right above strong support, remain bullishBuy above 119.62. Stop loss at 118.63. Take profit at 121.08. Reason for the trading strategy (technically): Price held at our buying level perfectly yesterday. We remain bullish above 119.65 support (major horizontal support, Fibonacci retracement, EURUSD positive correlation) for a push up to 121.08 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (21,5,3) is seeing strong support above the 6% level.
Long
by theforexarmy