EURJPY SellingEURJPY analysis
Here is the setup for this trade:
EURJPY Sell at 120.985
Stop Loss at 122.967
Target at 117.097
Euroyen
EUR/JPY - another push to the upside is comingEUR/JPY had a strong impulse to the upside last week, now is approaching back the lower band of the channel. Retail traders are 50 50 on this pair, market makers will probably keep the price in a range for short term.
From a technical perspective, we want to see this pair retest the 122.50- 80 resistance zone. Best entry for longing EUR/JPY is just under the 200 MA liquidity area aligning with the previous neckline of W formation.
Entry zone: 121.20- 35. Take profit target is the retest of previous resistance, 122.20.
COT Data also shows weak Yen for the longer term, Euro starts to also gain momentum, so the retest of 122.50 is highly probable.
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EUR/JPY: Triple Top at ResistanceEURJPY currently uptrending. A weakness in JPY has been observed with XXXJPY pairs rising over recent days.
However, this pair has came to a halt at the resistance zone forming a triple top. We look to sell to meet the upward trendline.
Potential short for 150+ pips once price action confirms bearish reversal.
Don't miss the great buy opportunity in EURJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (119.03). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 81.
Take Profits:
TP1= @ 120.00
TP2= @ 120.78
TP3= @ 122.22
SL= Break below S2
Don't miss the great buy opportunity in EURJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (118.16). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 118.65
TP2= @ 119.80
TP3= @ 120.80
SL= Break below S2
EURO YEN DOLLAR SHORT TRADELooking at EURJPY price broke out of the Ascending channel impulsively and made a Bear flag confirming the momentum to the downside
looking for reentry on this pair as a scalein opportunity to take the trade to the downside
EJ Multiframe Change of Trend Great Risk Reward Potential
I was tracking the daily range and the break of the trendline for the high high and we are now retesting the breakout zone of the trendline
and Im looking for the higher low .
This brings us to the main chart where Im tracking the big ECB candle from the 12th of September
-Notice we tested the lows but didn't break and after the test we broke the H4 trendline to the upside
-Also we are in the .50fib zone of the whole range(daily) that is changing trend to the upside
-Going to take an entry on the retest of the break candle with stops on the recent ECB extended lows
aiming to the upside for a potential top of the range break .
Happy Hunting Happy Trapping
BooBii
There is a possibility for the beginning of an uptrend in EURJPYMidterm forecast:
While the price is above the support 115.850, beginning of uptrend is expected.
We make sure when the resistance at 120.800 breaks.
If the support at 115.850 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 117.665 on 2019-08-05 and the trough at 115.86 on 2019-09-03, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
A peak is formed in daily chart at 120.00 on 09/13/2019, so more losses to support(s) 118.20 and minimum to Major Support (117.50) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (117.50 to 115.85). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (117.50)
Ending of entry zone (115.85)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 119.250
TP2= @ 120.800
TP3= @ 122.300
TP4= @ 123.700
TP5= @ 125.100
TP6= @ 126.650
TP7= @ 129.100
TP8= @ 133.100
TP9= Free
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=118.25.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=119.15.
TP4: R2=119.55.
Set the stoploss of these orders at breakout of S2=118.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=118.
In this situation, there is an expectation to reach the target S3=117.1.
Set the stoploss of reverse orders at breakout of S1=118.25.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURJPY - SHORT - WEDGE + 5TH LEG ELLIOTT WAVEBIAS: Short
1, Wedge Pattern
2, Currently its on the 4th wave of this impulsive wave and we are looking to catch the 5th and last impulsive
I would ideally get into this trade after it breaks and closes below the pattern, ideally I would want to see a daily closure.
Targets are based on Fibonacci Cluster
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=120.75.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=121.4.
TP4: R2=121.65.
Set the stoploss of these orders at breakout of S2=120.2.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=120.2.
In this situation, there is an expectation to reach the target S3=119.
Set the stoploss of reverse orders at breakout of S1=120.75.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=120.75.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=121.4.
TP4: R2=121.65.
Set the stoploss of these orders at breakout of S2=120.2.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=120.2.
In this situation, there is an expectation to reach the target S3=119.
Set the stoploss of reverse orders at breakout of S1=120.75.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=125.85.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=126.3.
TP4: R2=126.5.
Set the stoploss of these orders at breakout of S2=125.65.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=125.65.
In this situation, there is an expectation to reach the target S3=124.8.
Set the stoploss of reverse orders at breakout of S1=125.85.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Don't miss the great buy opportunity in EURJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (125.85). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 126.34
TP2= @ 126.75
TP3= @ 127.50
SL= @ 125.65
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=123.8.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=124.55.
TP4: R2=125.
Set the stoploss of these orders at breakout of S2=123.65.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=123.65.
In this situation, there is an expectation to reach the target S3=122.8.
Set the stoploss of reverse orders at breakout of S1=123.8.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURJPY Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=125.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=124.25.
TP4: S2=123.85.
Set the stoploss of these orders at breakout of R2=125.2.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=125.2.
In this situation, there is an expectation to reach the target R3=126.1.
Set the stoploss of reverse orders at breakout of R1=125.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=125.2.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=125.85.
TP4: R2=126.1.
Set the stoploss of these orders at breakout of S2=124.95.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=124.95.
In this situation, there is an expectation to reach the target S3=124.
Set the stoploss of reverse orders at breakout of S1=125.2.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=125.2.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=125.85.
TP4: R2=126.1.
Set the stoploss of these orders at breakout of S2=124.95.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=124.95.
In this situation, there is an expectation to reach the target S3=124.
Set the stoploss of reverse orders at breakout of S1=125.2.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=124.1.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=125.
TP4: R2=125.25.
Set the stoploss of these orders at breakout of S2=123.9.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=123.9.
In this situation, there is an expectation to reach the target S3=122.85.
Set the stoploss of reverse orders at breakout of S1=124.1.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=124.1.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=125.
TP4: R2=125.25.
Set the stoploss of these orders at breakout of S2=123.9.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=123.9.
In this situation, there is an expectation to reach the target S3=122.85.
Set the stoploss of reverse orders at breakout of S1=124.1.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURJPY: 5th support touch to breakThe longer the support has held, the more likely the next time it will break - often on the 5th test
