Showing bearish movement. Prefer to take short position at 100.3 with next target 99.35 and 98.75. If it go to opposite direction above 100.3, then go to upward movement target with 100.85 and 101.55
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Showing bearish movement. Prefer to take short position at 100.3 with next target 99.35 and 98.75. If it go to opposite direction above 100.3, then go to upward movement target with 100.85 and 101.55
what a bad day.these day Euro yen move so slowly.my resistence n support not yet touch.i hope late night i can earn some profit form this pair.because i open sell position -20
The pair is still trading within the symmetrical triangle shown above, while SMA 50 pressures the pair to the downside. In general, our morning expectations remain as they are unless the pair breaches areas of 100.00-100.65.
http://i47.tinypic.com/2hz5umt.gif
Recommendation : Based on the chart and explanations above, our opinion is selling the pair with a breach of 99.60, targeting 98.20 and stop loss with 4-hour closing above 100.00 might be appropriate
The right moment for buy eurjpy , the price approached prices low this year ... strategy averaging bs ilakukan dg step points 100 x 3 step .Quote:
Originally Posted by ashaab
Though its still under pressure, I expect some correction at 99.00 price level for minimum 30 pips. But if this pair went lower than its support for 30 pips, the scenario will be cancel. which my next downtrend level is at 98.85
The EURJPY still look on bearish trend - and till today = we can see the price now can be open bellow that Low fibo 99.36. So, yes, I see the nice Sell opportunity here although with still weak movement - but please remember that if price then can break up again more that 99.85 = it's call consolidation first here and because of that = I see = the SL for Sell OP is wise set near the price 99.85, of course
[IMG]http://i.imgur.com/EUGxU.gif[/IMG]
The negative pressures continue driven by the main support of the symmetrical triangle formation, where the pressures might send the pair to retest the support level of the descending channel as well at 98.20. A breach of this level might extend the downside movement.
http://i47.tinypic.com/z3bsi.gif
Recommendation : Based on the chart and explanations above, our opinion is selling the pair around 99.60, targeting 98.20 and stop loss with 4-hour closing above 100.00 might be appropriate
hi
how are you
the pair will go up from support line 97.02
so wait to be sure that the price will not break the support line to buy to level 99.27
http://www5.0zz0.com/2012/05/31/02/888864666.jpg
good day
Take a look at Daily Chart, and we can see that, this pair has touch (or near) its major support. I expected some correction today, and hopping that the pair may touch level price of 98.25. If this pair went lower than 97.10, the scenario will be fail
The 123.6 fib level was break by the nice bearish candle on yesterday price movement. So, yes, I see the nice bearish continuation here and yes nice Sell OP here. We can set the SL for this Sell OP = with max. SL above the price 98.50. Look - all of indicator that indicate a big trend till now also on still more bearish probability, of course.
[IMG]http://i.imgur.com/aSAyR.gif[/IMG]