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time frame that is considered while making support and resistance levels – use Daily and Weekly time frame,
consider the daily economic news before taking the trade.
the cost is break Obstruction and Pattern Line and it is Flying Up side with having the Long signal from the explanatory SAR.
the market pattern could stay in this position and I expected help opposition levels.
money management in forex trading is very effective for getting profits with stop loss and take profits method with current trading position.
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I see this pair to show bullish signal.
Simple Moving Average indicator also giving us buy signal.
this pair can continue bullish trend today and there is possible chance price will move to up side.
forex is the best way to make money at home and provide you with many opportunities in everyday life. forex helps millions of poor people around the world and unemployed people.
trader feel very reliable by working in forex business and can do it as a part-time or full-time job, just by sitting at home you can earn money.
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maybe this pair will make some correction to the next high level.
I predict this pair will reach to the next resistance level,
Up trend is indicated from the Simple Moving Average and Bollinger Bands indicator .
using multiple time frame analysis will gives you a clearer view of the market and increases chance to making profit.
we must have a good strategy to get consistent profits ,
choose a strategy base on your trading style and increasing your knowledge about forex everyday.
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my technical analysis and some opinion about this pair
I using technical analysis. pivot point is the point in which the market sentiment changes from bearish to bullish.
support and resistance calculations give good signal for bullish.we can see a Buy signal on MACD indicator.
major low levels also known as supports -Buy the pair long term
major high levels also known as resistance - Buy currency pair long term
take Long position can give profit in forex market today.
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today eur/jpy will moving up after 114.94. and it will go up to 115.35
i am giving a buy order now. current price114.94
you may take profit minimum 30 pips and stop loss also 40 pips.
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Today Market trend:sell
Market exchanging sign rely upon a pointers
The pointers educate us concerning business sector down so do the exchanging sell and get an enormous benefit
Presently the exchange of Sell is progressively gainful
In the event that you need a total your fantasies so come in forex and do the exchanging
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bought EUR/JPY for the medium term - at least several days unless I get contradictory signals.
Reasons:
Bullish price action patterns on the daily chart. First a pin bar then a bullish engulfing bar
Price is crossing a small but still important pivot zone, the 115.00 area
The support on the daily chart at 113.50 is the bounce place. Multiple bottoms in this area = strong rejection.
target at least 116.50 or more; stop loss at 113.50. Again, this is a medium term trade
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l know I posted a sell setup, but it right now it is breaking out a small flag as a buy. But when I look at the actual structure and wave count, a running triangle checks out. Obviously the better trade would be the sell when "E" breaks trend line. It is possible that its a flag to sell on 1hr, but it needs to break out to consider sell entry.
It really hurt when see my first scenario about that I posted yesterday was hit SL , but after that price is turn up . Ironic things! So today, I give you my second scenario about . that very clear for me..the primary wave 1 was completed many days ago, and now price is keep going UP to reach retracement 61.8 %. However , please follow my buy stop...
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Eur/Jpy
we predict future values with technical analysis for wide selection of Forex (Foreign Exchange) pairs like EUR to JPY . If you are looking for foreign exchange rates with good return, EUR to JPY can be a bad, high-risk 1-year investment option. EUR/JPY rate equal to 117.029 at 2020-05-10, but your current investment may be devalued in the future.
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forex trading is a good way to make money from home, no doubt, but for that you need some special skills as patience is the key in the Forex market. trader must remain calm and calm in the market while losing several trades.
trading good I like zigzag and Rsi indicator for signal of trading. Friends I have expert in 2 indicators plz use this and gain good profit.
Oscillator sales volume & current price, support level shows for markit going down points and resistance level shows market is going up.. Instaforex is the best for online investing and trading.============
