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in the h4 time frame this pair making a bearish engulfing pattern. in the chart the price at 126.00 is also a resistance this will not break. if the macd indicator bar is close below the zero line we can short with the target 124.50 and stop loss is 125.50
http://www6.0zz0.com/2013/02/20/21/326147991.gif
hi
how are you
we can see in the 4h chart
the pair will go down to fibo 38.2
I see the pair will go to down way to 122.26
stochastic refers that the pair will go down
so our target sell from 124.33 and our target will 200pips
Good luck
Well,, for EurJpy, technically, i have two trend lines in h4. a Resistance Trend line and a support trend line. as we see, there is look like a compacting price. so, i will choose to wait until one of two line be broken and confirmed.
M30
Being priced below shows the 124.78 pivot prices tend to go down today. MA crosses down 10 and 20 show the trend down. RSI is still in good condition for sale. however there bullih butterfly pattern formation with valid exemption limit 123.69 exact pattern in area S1. would fall first and then rise as the effects bullish harmonic pattern??
in H1 Trend have a same as yesterday,, market move down,,10/15 pips get fot profit,, Juas a newbie analysa.. i'm sorry if i fault :peace:
sell eur/jpy at the level 123.95 with targets at 122.90 and 122.40, but in case of breaking the level 124.60, then buy above this level with targets at 125.50 and 126.45
as we have seen, the daily TF EJ shows that HAS is in the color change from blue to red, if the closing session remains in a state of bearish candle, and HAS to be red + BB20 break it for the next day I opted to wait for the moment sell the smaller TF (M15, M30, H1)
Spoiler:
http://www10.0zz0.com/2013/02/21/12/396423754.gif
hi
how are you
we can see in the 4h chart
the pair can not close up the broken down trend line
I see the pair will go to down way to 121.72
stochastic refer that the pair will go down
so our target sell from 122.72 and our target will 100pips
Good luck
in the h1 time frame the price again at the strong support level. the price 123.00 is not beaked last three time and it is also oversold with stoch and cci indicator so up movement is expected. we can long this pair with the target 124.75 and stop loss is 121.50