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time frame- H1
analysis Method- Technical analysis
chart pattern find- channel
http://i44.tinypic.com/2m4rlzp.png
the price is moving in the channel pattern and its making a doji pattern at the resistance 133.20 level followed with the bearish engulfing candlestick. the price will move down side and hit the lower support of the channel pat the 131.50
trade- short position
take profit@131.60
stop loss@133.50
good luck.
My daily trading,I hope the day is a success ...
EUR/JPY (Daily Trade)
Open : 132.19
Resistance : 132.95 133.15 133.45
Support : 132.08 131.88 131.58
High / Low : 133.22/ 132.12
Range : 110 pips
Running Price : 132.94
for intraday trade today suggest buy at the level 132.94, stop loss at the level 132.12, target take profit at the level 133.45
===GOOD LUCK===
the H1 time frame charts on currency pairs eur/jpy is showing that
yesterday high at 132.64 and yesterday low at 131.41
such as the support resistance on
R3 = 133.98
R2 = 133.31
R1 = 132.75
Pivots = 132.08
S1 = 131.52
S2 = 130.85
S3 = 130.29
with today's market position is at point 132.82
then I strongly recomended you to the open position SELL
consideration for stop loss at 133.07 and take profit at 132.57 Good luck all
eur/jpy technical analysis basis of stochastic(5,3,3) and adx(14) for last few hours
stoch(5,3,3)
main : 35.09
signal : 23.41
adx(14)
adx : 32.50
+di : 11.52
-di : 25.28
so we see the market
condition : neutral
overall trend : bearish
timeframe : m15
Well today the bulls attempt to overcome the resistance slope (District 200 sliding) failed, the pair managed to strengthen well above it, and again completely unfolded on the south, there is an active formation of the South wave action has the potential to have and bears can become a long-term horizontal support level 131.60 + MACD-signal to sell.
combined for analysis with currency EUR/JPY at timeframe H1
is Bollinger Bands = BREAK LOW, Elliot Wave = TREND UP, RSI = OVERSOLD, CCI = TREND DOWN, ADX = TREND DOWN, MACD = TREND DOWN, Parabolic SAR = TREND DOWN, Stochastic = TREND DOWN, William Percent = TREND DOWN, Aaron = TREND DOWN
so the conclusion to the current signal TREND DOWN
EUR / JPY has demonstrated the formation of a converging triangle is from the top of which a few hours ago and took southern lights out, worked through as stochastics sell signal, the couple have a good chance to get out and test the strength of the lower boundary of the triangle, the approximate tangent point at which the figure of 132.00.
Today all jpy yen crosses fall and EURJPY is falling towords the broken May support(Resistance) line and the 55 dma at 131.35 where it found support of the 30 th September. So there is a buy order we can place and if it can rebound.
today i like to sell this pair @ 132.87
my stop loss of the day @ 133.23
half take profit for today @ 132.57
and further half take profit @ 132.27
Hi,,
in the chart 1h we can see the pair will go to down way in the future
I see the pair will go to 131.93
I expect from this analyze that the price will go to down way
so sell from 132.50 to 131.93
good luck