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
Thread: Eur/Jpy
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
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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.
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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.
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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
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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.
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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
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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
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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===
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time frame- H1
analysis Method- Technical analysis
chart pattern find- channel
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.
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.
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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