eurjpy pair just bounced from its support 114..
i think now its time for this pair to go up..it can be bought from here till 117..
thsi pair is not showing too much move..but for now its signals are suggesting for this much only
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eurjpy pair just bounced from its support 114..
i think now its time for this pair to go up..it can be bought from here till 117..
thsi pair is not showing too much move..but for now its signals are suggesting for this much only
I think this pair still in a bullish trend. yesterday's bearish candle is just a correction before it will continue its bullish trend if seen from the weekly time frame in the form of bullish and overall last week the price movement was still controlled by the buyer while on the daily time frame itself
the trend reversal pattern has been formed quite well so that the opportunity for prices to continue moving up is quite open
Market trend of the day:Bullish sell
Moving average aut techincal indicator shows that market move up side
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 tradehurely take profit to earn
If you want gain knowledge and experience so doing hardworking and get a good profit
I 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
Pivot point, Resistance level and support level is most important to understand before trading. Resistance Level shows markit is going up so buy is best for traders and Support Level shows market is going down so it is best for sell trading.
The support and resistance level educate us for markit trading up or down so we can trade sell or buy and get huge benefit in trading.
We also know about the movement of price up and down in down because of news. News of donald trump is most important. About USA and Chaina trades.
I have also make trading about these analysis of moving arevages. Parabolic SR.
The price is moving inside a price triangle below the moving average, and we advised us to buy or sell after the price exits the triangle.
Now the price triangle has been breached up, and the moveovers have also been breached again, but the price is moving in a sideways move on the 4 hour chart.
Consequently, we have a buying opportunity that is close to completion in case the price rises and breaks the top that is currently formed on the 4-hour chart.
You can buy towards the current resistance. I hope you benefit from my analysis
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 125.767 at 2020-09-13, but your current investment may be devalued in the future.
eurjpy pair just bounced from its support 114..
i think now its time for this pair to go up..it can be bought from here till 117..
thsi pair is not showing too much move..but for now its signals are suggesting for this much only
Today market trend:Sell
Resistance and support poinst also going down
Parabolic sar bollinger band rsi indicators also tell market down
So think about situation and then easily take decision for trading
Forex trading is a powerfull business in the world
Market analisisss..
using multiple time frame analysis will gives you a clearer view of the market and increases chance to making profit. to get consistent profits we must have a good strategy, many of the strategies we use but must match your trading style.
you also need to have emotional control, and good money management.I hope you can earn consistent profit from my signal, good luck