SubscribeThe EUR / JPY continues to evolve above 102 after finding support before yesterday on 101 and after making a pullback on its downward sloping short-term support (red line on the graph).
Indicators remain bearish overall.
Thread: Eur/Jpy
The EUR / JPY continues to evolve above 102 after finding support before yesterday on 101 and after making a pullback on its downward sloping short-term support (red line on the graph).
Indicators remain bearish overall.
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as we can see from the chart the pair has success in breaking the level of 102.00 and now the pair is trading under it , that's mean the down trend is standing and the pair might head to 101.50 then 101.00
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EURJPY sell order entered based on H1 pinbar. We see how this comes out now, but Im quite positive we will reap some nice profit of very minimal risk side, Use great MM if you want to enter with me
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the pair and as we can see from the chart has closed it's daily candle under the level of 103.00 , so , that's mean the down trend is still standing and the pair is heading to 102.00 then 101.70
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If a M15 close above 103 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 102 sell only and do not buy. If price closes back above it again do nothing
The range 103 and 102 is neutral area, any trade done in between is personal decision and not part of this analysis
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as we can see the weekly chart still down trend and the last week candle was bearish.the pair facing strong support level at 102.20. any close under it is good sign for more falling
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If a M15 close above 102 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 101.20 sell only and do not buy. If price closes back above it again do nothing
The range 102 and 101.20 is neutral area, any trade done in between is personal decision and not part of this analysis
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.
Based on the calculation of daily data (from instaforex broker), there are several price levels that are important to note. Watch closely at or near that level and see the possibility of reverse or continuity of price movements. Combine with your strategy.
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.
If a M15 close above 102 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 100.70 sell only and do not buy. If price closes back above it again do nothing
The range 102 and 100.70 is neutral area, any trade done in between is personal decision and not part of this analysis
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.
as what i can see in the hourly i think the pair enter in bulish after close abouve the 101.4 the rsi is abouve the 50 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.
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