Looking at the big picture, there's so much resistance coming up, I think I'll actually TP when this little run puffs out, maybe in 20-30 min ?
NB 129.950, calling it a day. Good Luck
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Looking at the big picture, there's so much resistance coming up, I think I'll actually TP when this little run puffs out, maybe in 20-30 min ?
NB 129.950, calling it a day. Good Luck
The EURJPY found a good resistance zone around the 130.00 level where we can also find the 200 day EMA. From that zone the price bounces to the downside and could find a support around the 129.00 level.
On Daily timeframe we have a potential head&shoulders formation wich could lead to a breakout downside.
4h timeframe reveal aggresive sellers into the Right shoulder(unconfirmed since the neckline isn't broken) by making a shaaarp decline through 2 previous Higher Lows.
Trading Market participants actions is similar with following the trend. In this case, because we have LL on Daily timeframe, we try to anticipate a new LH wich can be the right shoulder.
Selling at the breakout of support on 4h is the next logic step to follow the Market maker moves.
Don't forget the trade management : protect your trade after a quick decline. There is no guarantee the TP will be hit.
The EURJPY is stuck between the 200 week EMA at the 128.14 level and the 129.00 zone. The pair has been vert volatile on a daily basis, but it has no clear direction.
I can't seem to determine where this thing wants to go either. I was hoping for more perspective from checking this thread lol.
Just TP at 131.979. I am done for the week, because I know if I trade tomorrow I will screw up an excellent weekly profit. On top of that, 131.979 is below the bottom of the candle so I think it may have been my luckiest "oh shit TP now" moments ever. Ha note it promptly dived more, but I truly don't mind.
posible down reversal in 130 - short placed - If keep going up maybe I will go short more strong. idk what is the reason for this big up so is more secure to follow the down trend
All the TA says down for me, but still it's Monday, let Europe decide
All the JPY pairs are looking down so that's good too
USDJPY has the most to lose if it turns down..
Today Eur/Jpy rate is 124.6550
In my observation the profitable next selling ponit will be 124.6430
and by my mind the profitable next buy point will be 124.6670
You will earn more money if you will follow my views
because i have posted this after checking the previous routine clearly
good luck
EURJPY Today Analysis
PIVOT POINT 124.63
Support 1 124.29
Support 2 123.89
Support 3 123.55
Resistance 1 125.03
Resistance 2 125.37
Resistance 3 125.77