Thread: Eur/Jpy
Perfect H&S on the hourly.
Scenario 1) Price breaks above the circle midpoint to test the magnetic fulcrum. (sounds sexy). Sustained candle closes above the fulcrum would switch my bias back to long to 132.50-133.00. Would then be looking to get long on the back side of the fulcrum.
Scenario 2) Price breaks lower than the circle midpoint and races to H&S completion at 131.10. If so, I would be looking to add shorts on any bounces on the way back to 130
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oh this pair does get love haha just not a big time poster here.
I like the current weakening of the strong bullish trend. the rounded top is providing solid evidence of a possible move lower. Last week we've jumped the start a little i guess. Now awaiting confirmation prior to entry. my confirmation would be a touch of the green trendline, when this line is close to getting hit, or does get hit but not crossed we have a high probability of a move lower.
That would provide a very good R:R and the possibility to increase position size with the same percentage of risk I feel comfortable to take (2% of my account to ). High probability trading
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148 (2019-01-21), fatimamurad (2019-01-21), FM1881 (2019-01-21), Hanif484 (2019-01-21), PAK (2019-01-21), PakGarman (2019-01-21), SA148P (2019-01-21), Tanveer333 (2019-01-21), Unregistered (2)
Nice, I hope it happen more soon, i started to close my long positions, i'm looking related markets like EUR/AUD, EUR/GBP, EUR/CAD... to looking for opportunities for sell, now is time to see the calendar
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
148 (2019-01-21), Asif777 (2019-01-21), fatimamurad (2019-01-21), FM1881 (2019-01-21), PAK (2019-01-21), PakGarman (2019-01-21), SA148P (2019-01-21), Tanveer333 (2019-01-21), Unregistered (2)
Totally agreed, still thinking/hope that a big down move it's coming, maybe not this week but the next one, i'm holding my sells and let's see what happens!
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In short view M15 (today and tomorrow) my pivots points say that it will come corrections for both side keeping a small long, btw a reversal is very possible at the end. maybe will play with 130 level before see a reversal.
Summary:
RSI-TC - Corrections for both sides.
Avramis - Neutral trend or maybe the beginning of the reversal
Pivot points - Corrections for bothsides but keeping an small uptrend.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
148 (2019-01-21), fatimamurad (2019-01-21), FM1881 (2019-01-21), Hanif484 (2019-01-21), PAK (2019-01-21), PakGarman (2019-01-21), SA148P (2019-01-21), Tanveer333 (2019-01-21), Unregistered (2)
In a big view H4 (for 1 week maybe) my pivots points say that a down correction is coming but at this moment not enough for downtrend. Let see if the correction is enough powefull for a change of trend, at this moment the trend is still long. maybe will reach the 130 level after go the support zone around the 127 level (at this point we need the confirmation of a down trend or maybe just a big down correction).
Summary:
RSI-TC - Waiting for the confirmation of the downtrend.
Avramis - Still long but down corrections.
Pivot points - A big down correction is coming.
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i also short this pair Friday at 1,2933, hope it will fall by the open today, and in the night below 129, i think so.
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eur jpy ki market ka pair stronge sell ka bana huwa hai and mujhy lagta hai next days main market down ki traf movment kar sakti hai so main ye suggest karun ga humain yhan se sell ki trade lga deni chahie and last week main market 122.4873 se le kar 124.6615 tak movment kar chuki hai and ab iska pair stronge sell ka bana huwa hai....
Current rate : 124.6670
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LOL no traders here? EURJPY is a wild ride but i found my pair
i am waiting to catapult stone 125 area first. shorted.
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unnatural movements.All instruments link corrupted becuz of CEntral bankers..
İt is useless to analyze the situation.They intervene evey possible way.BOJ.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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