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EUR/JPY intraday: BULLISH trend, RSI is on top of 50.
Pivot@ 134.2
My choice: Open BUY positions on top of 134.2 with targets at 135.25 and 135.5 in extension.
Alternate choice conditions: Under 134.2 start looking for more down-side with 133.85 and 133.55 as targets.
http://dl.dropbox.com/u/51561036/scr...030-033057.jpg
the pair can not break the resistance level to up way in 1h chart
stochastic refers to down way
so the pair will continue to down way
so sell the pair and our target will 132.20
stop loss will 135.60
http://www11.0zz0.com/2013/10/29/20/854173378.png
time chart = 15 min
A D X=sell
so i will sell at 134.90
sl: 135.40
tp: 134.20
good luck
price now is 1.6138
Price Facing The 1.6100 Strong support
, If 4h Candle Close above It , We Can See 1.6185 As First Target
. If Close Again above This support 1.6185 , We Will See 1.6220 As 2nd Target
We saw a test of 133.84 today and I am still looking for a break above 134.96 and then break above 135.79
to confirm the resumption of trend with small stops and these types of setups are very high probability
one and We should always use them as our trade setups not signal helping bar.
In long term I am looking for 137.40 atleast for the target of current swing but a break above 134.96 is must to continue the upward momentum
regards
Standard pivots
R3 135.89
R2 135.41
R1 135.30
PIVOT 134.78
S1 134.41
S2 133.88
S3 133.74
http://www7.0zz0.com/2013/10/29/21/872166599.png
Standart Pivot Point - Support - Resistance
Update: 30 Oct 2013 04:57
Time Frame : Daily
PAIR : EURJPY
LOW : 134.55
HIGH : 134.94
CLOSE : 134.64
S3 : 134.09
S2 : 134.32
S1 : 134.48
Pivot : 134.71
R1 : 134.87
R2 : 135.1
R3 : 135.26
the pair price already touched daily resistance 1 level 135.24
and upper trend line.
Now the price try to move down ward.
I think the price may touch daily pivot point 134.26
so sell now from 134.96
the pivot point will be my target
stop loss will be above the resistance 1 level 135.24
hi
i see the pair go up
movement : 1.6 %
so i will buy from 134.50
my stop loss 50pips
my profit1 :134.96
my profit2 :135.15
good luck
EURJPY for today's analysis by using a simple moving average on the 1 hour time frame
SIMPLE Moving average 5 134.946200 SELL
SIMPLE Moving average 10 134.951700 SELL
SIMPLE Moving average 20 134.762850 BUY
SIMPLE Moving average 50 134.711500 BUY
SIMPLE Moving average 100 134.509660 BUY
overall trend neutral