Thread: Eur/Jpy
The pair now has shown falling to the South and a few hours strayed from the support level of 99.80, the course has formed a converging triangle, I expect to continue the formation of waves in the north to the upper body (slope) of the boundary of the triangle.
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eur / jpy pair forward to continuing to fall markedly in the chart that the Bulls did not have the strength to move the price up a couple strayed from the oblique line and continues to fall until the target is near the lower boundary of the Ichimoku cloud - the level of 99.80.
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EUR / JPY is noticeable is a clear long-term side-channel, on Monday a couple strayed from the top of the channel, I look forward to the resumption of the southern waves, I think the purpose would be near the lower boundary, the level of 98.65.
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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.
Most noticeable is now a general trend, the pair traded without big changes and they have not enough strength to break through the levels, as well eur / jpy, to work out the purchase of the two signals it needs to break through the Ichimoku cloud.
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The course is trading within a side channel that can be well seen on the daily traffic, yesterday there was a rebound from the resistance rate of 101.30 and today went to a small correction of the north, we should expect the resumption of the fall to around 98.65.
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EURJPY made it through the daily pivot (100.34), and survive on it. So I think this pair has a chance to move towards the 100.94 level or higher. However, this condition will fail if the price closed below the pivot again.
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i have a buy based on 5 mins time frame.. as its risky i have taken low risk%
bought at 100.43 first target 100.54 nad second 100.87 SL 100.22
http://optimus-forex-trader.blogspot.in
---------- Post added at 11:37 AM ---------- Previous post was at 11:25 AM ----------
First target reached somewhat quickly.. Now my second position will be a risk free trade to 100.87 level
http://optimus-forex-trader.blogspot.in
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From shown H4 chart , i think if the pair continue breaking fibo 38.2% it will continue in bearish direction till reach the bullish trend shown , and i think the best buy is near the bullish trend with small stop lose few pips below it ,
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Well, a couple came to his level and had started to fight back north again, I think if the mark of 99.60 withstand the pressure bears a pair can at least get to the top of 101.30 ...
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