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opening any position, every trader has to determine whether to open a BUY or SELL position. If you want to buy the base currency and sell the quoted currency, this means that you are expecting the base currency to rise so as to sell it back at higher price. Such positions are used to be known as Long positions. In contrast, if you want to sell the base currency for buying a quote currency, this means that you want the base currency to fall in price so as to buy it at a low- er price. Such positions are known to be as Short positions. So, keep in mind, that Buy=Long and Sell=Short.
When speaking about the prices of the currencies, we have already mentioned that they are called rates. Anyway, it is very important to mention that in Forex every quotation has
two prices- Bid Price and Ask Price. These pairs are usually denoted by a slash “/”, where at front stands the rate of Buy, and after- the rate of Sell, such as . The bid price is the price at which the broker is ready to buy the base currency for the quote one, while the ask price is the price at which the company is selling the base currency for the quote one. So it can be understood that the concepts of buying and selling in relation to you are actually “reversed.” Buying and selling in this formulation is not per- formed by you, but by the party offering you a quotation. More precisely saying, if you need to buy a base currency, you can do it by Ask price, while selling, you need to do it through Bid price.
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Hello..
every one how are you.... I hope all of you shall be all right. ..Jasy k ap sab log janty hain k forex trading itna easy ni
ha jitna k hamain nazar aa raha hota ha . Is me emotional conditionns ko b face krna parta ha . Us time jab hamain
big loss ho raha hota ha ...iis currency pair pr . Serf vohi log trading kr sakty hain. Jinhain. Market ke kuch
know of . Ya phir 5 to 6 years ka experience. Hamary jasy new comers to bus yahan loss khany he aaty hain...
in pair ke movement bohat fast ha . Or jasy k apko pata ha . . Chances of losses b bohat hain. . So may ap sab se
request krta hon k ap sab log is pair pr Trade krny se pehly Khob isy samj lain itny MACD indicators and technical
analysis ko b samj lain. Vo is liy k apko loss k chances kam ho jain. At the end Good luck for your future.
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Oscillates EUR / JPY around 101.20 after falling levels today after touching the resistance located at 101.82 levels and content then the SMA 55 and was supported by the decline stochastic
No clear signal now to the direction of the pair to pressure SMA 55 from the top, stochastic gives a positive signal for the rise
Breaking levels 101.03 and closure underneath you will pay the price for the drop to the 100.37 levels either shutdown the highest levels of 100.82 will pay the price for the rise to levels 102.50
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EUR/JPY - currency Trade pair.
Today forex signal - Buy
Support 3 - Support 2 - Support 1.
119.51 - 119.63 - 119.84
Resistance 1 - Resistance 2 - Resistance 3.
120.17 - 120.29 - 120.50
Time frame that is considered while making support and resistance levels - Daily and weekly Time frame
Consider the daily economic news before taking the trade.
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eur.jpy is known in 120.095 and know its break down trend line it moving is toward up and with go up to hit TP that is 121.26 from last week euro pair move slowly up and try to make the bullish trend after that we need to wait for next impulse or re-correction then trade will ready.
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EUR/JPY bounces off five-day low as risk-aversion takes a breather.
Mixed catalysts concerning Coronavirus keep traders guessing.
Trade sentiment continues the broad weakness.
EUR/JPY rises 0.20% to 120.07 during the pre-European session on Wednesday. In doing so, the pair bucks the previous two days’ declines amid a pullback in trade sentiment.
The coronavirus (COVID-19) outbreak in Europe has recently grabbed major attention. The latest numbers from Italy suggest 323 confirmed cases including 11 deaths as of 12 AM February 26 local time.
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Forex Forecast with price level
EUR/JPY - pair in focus.
Current Price - 120.14
main support level - 119.90
main resistance level - 120.34
Pair likely to be in Sell today.
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Today i will discuss this pair......
In this pair eveverybody know about this it. upward and downward movement.. ..
I see the daily chart that indicate complete downtrend of this pair.
Exponential Moving Average (10) :
Simple Moving Average (18) :
Exponential Moving Average (28) :
Simple Moving Average (35) :
Exponential Moving Average (54) :
. The list of indicator those i uses are as follows.
Parabolic SR
moving average 10
Moving average 60
Moving average 200
MACD Future
Fibo piv-2
These indicators are Most important for me and my trading know off. Everyday i am using these indicator .and earn a good profit.
Please like my post
🌷Thanks you🎋
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EUR/JPY is on the rise trading trading at three-week’s high.
The level to beat for buyers is the 121.40 resistance.
EUR/JPY is reversing up sharply from four-month lows while trading above the main daily simple moving averages .
The spot reversed up sharply from the 2020 lows and is now challenging the 121.40 resistance while trading above the main SMAs on the four-hour chart. Bulls are in control and a break above the above-mentioned level can lead to further upside towards the 121.74 and 122.20 levels. On the flip side, a pullback down can find support near the 121.00 and 120.47 levels, according to the Technical Confluences Indicator.
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Time Frame - 4 Hour
Currency pair - EUR/JPY
Buy @ - 120.08
Stop Loss - 119.73
Take Profit - 120.48
Risk reward ratio - 1 : 3
The pair may go bullish and possible retracement uptrend. Buy dips sell high.