130.50 is seen as key resistance for the pair where we got a combo bearish setup ( PIN with inside bar formation) signaling a good price action SELL signal.I'm already short in the pair with a r:r of 1:2 for a target of the key support 128.60
Thread: Eur/Jpy
130.50 is seen as key resistance for the pair where we got a combo bearish setup ( PIN with inside bar formation) signaling a good price action SELL signal.I'm already short in the pair with a r:r of 1:2 for a target of the key support 128.60
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Eur/jpy technical analysis
date : 07.31.2013
time : 03:45 GMT
time frame : 15 min
indicator :
1) RSI (14)
value: 50.96
2) MACD (26,12,9)
value: -0.0039
3) ADX (14)
value: 20.04
4)CCI(14)
value: 23.44
overall trend - strongly bullish.
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elliott flat correction down 129.20 it looks more likley that it would rise to 132.05 - 133.72 from 130.23 or 129.40 after which a down side move is expected
support and resistances
res2 133.72
res1 132.05
pivot 131.07
sup1 129.46
sup2 128.42
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Hi All,
My preferance for Today(Wed) for Eur/Jpy is to sell from 129.79 and to stop loss at 130.79,
first take profit is at 129.29 and second at 128.79 (Third is optionl at 128.51).
God Be with you in trading
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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.
Eur/jpy analysis for 07.31.2013 by using pivot indicator.
r3: 131.430
r2: 130.993
r1: 130.435
pivot: 129.998
s1: 129.440
s2: 129.003
s3: 128.445
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I was expecting the test to go further towards 130.74 but 130.50 area is also good and if test is complete we will soon see a break below 129.56 and then 129.20 which means wave b is finally placed and test of 124.93 is on the cards so stay alert and enter with a break and have some good pips as this is one of the highest probability trades
regards
check the chart
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EUR/JPY Trading Signal - 30/7/2013 - 10:00 GMT+3 60min CHART Downwards Strong
The market is testing resistance at 130.50. We are waiting to see reversal signals in order to reinstate SHORT positions, or alternatively the downward break of the 129.50 support level.
Next important resistance the 131.00 level
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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