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EURJPY Scalp opportunity with Short position.We see here on EUR JPY two horizontal zones forming that have acted both as resistance and as support. These are what I expect the two most important levels on the short term we should keep an eye on. The zones will reset in a few days, so this will give us a relatively safe short term trade opportunity to go short here. The price has just reached the resistance...
Today Market trend:sell
Current price aur previous price market ke down hony ka ishara de rahe hain
Resistance and Support points bhi market ke down hony ka ishara de rahe hain
Isliye hum ko sell main trade laga deni chahiye
Today's market trend: Sell
kal ki downward movement ko market continue kar skta hai kyuki market meh kafi downtrend tha kal or sellers kafi control me the ,
halaki price abhi ek resistance level pe hai us resistance ko market ache se test karega agar ye level break hota hai toh pakka strong down
Time Frame - 4 Hour
Currency pair - EUR/JPY
Buy @ - 122.04
Stop Loss - 121.50
Take Profit - 122.48
Risk reward ratio - 1 : 3
The pair may go bullish and possible retracement uptrend. Buy dips sell high.
EURJPY has found support at 121.07 level. From there the price started to bounce. Short-term, we expect the bullish continuation of the latest upward movement that could find resistance at 123.27 level. Mid-term, the cross could drop and find support near to the 120.04 level as a psychological level. Long-term, EURJPY could be building an inverse H&S pattern, which could suggest the reversion to the long side with a potential target in the 126.23 level
hi
found support at 121.07 level. From there the price started to bounce. Short-term, we expect the bullish continuation of the latest upward movement that could find resistance at 123.27 level. Mid-term, the cross could drop and find support near to the 120.04 level as a psychological level. Long-term, EURJPY could be building an inverse H&S pattern, which could suggest the reversion to the long side with a potential target in the 126.23 level
the pair and as we can see from the chart is trading now above the level of 1.3700 , so when ever the pair success in breaking 1.3700 , that's mean the down trend will be assured and the pair might head to 1.3670 and then 1.3640
Pivot, Resistance Levels and Support Levels for
EUR / JPY For Stop Loss and Trading Targets
Calculation For Trading:
Resistance Level (R3): 123.588
Resistance Level (R2): 123.005
Resistance Level (R1): 122.661
Pivot Point: 122.078
Support Level (S1): 121.734
Support Level (S2): 121.151
Support Level (S3): 120.807
Dear i.forex members Good morning
EUR.JPY
On this Day i will predicted this pair have being bearish down direction.
the price is break Resistance and Trend Line and it is moving down side with having the long signal from the parabolic SAR.
the market trend could remain in this position and I expected support resistance levels.
A dot below the candles that indicates a downtrend direction
in addition to that we can see a SELL signal on the MACD indicator.
I suggest to take short terms position on SELL today.
Eur/Jpy
suporting levels are here:
support 1) 120.33
support 2) 120.10
support 3) 119.95
Ichimoku trends giving selling signals.
THE RSI movement of this pair is moving with high frequency on SELL signal.
StdDew & Mcad are main factors which also giving the SELLYing signals.
Bulls power higly selling side movements.
Parablic sar on top showa SELL trends.
this pair has being bearish trends last some hours which can be seen.
today moving movement of this pair today on: SELL
highest 3rd resistance of this pair today will be going :121.10
i think best time to enter sell trade at 121.00 with tp at 119.00 with narrow stop loss of 120.20 with long terms trading section