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today i like to sell this pair @ 128.88
my stop loss of the day @ 129.22
half take profit for today @ 128.50
and further half take profit @ 128.19
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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.
elliott irregular flat correction down 128.27 resistances lie around 130.49 and 131.12 it should test lower towards 128.58 zone a clear break of 129.73 would be bearish
support and resistances
res2 132.39
res1 1.31.12
piovt 129.85
sup1 128.58
sup2 127.31
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usd/jpy forecast:
we can see in the H4 chart this pair is trying to lend some strength from the resistance at 128.8 to make a hard fall down lower than 127.9
we can set sell entry in this point.
current price : 128.73
stop loss at 129.00
take profit at 128.00
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.
\\\\\EUR / JPY went on a retreat from the northern long-run trend (point rebound 128.16), now is the formation of the new northern waves, as well as stochastics on the hourly and 4-hour chart has formed on the buy signal of Education held a candle northern configuration "bullish engulfing" forward 129.60.\\\\\
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As you see in my following chart, the pair traded between a high of 130.53 and a low of 128.67, closed at 129.25. Today the pair trades below the resistance line of 128.80.
Downside Scenario: EUR JPY could decline to the levels of 127.40 then 126.50, if the resistance line of 128.80 holds.
Upside Scenario: Upside penetration of the resistance line of 128.80 could send the pair to the levels of 129.90 then 130.80.
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The pair intraday analysis at H4 using williams percentage range and moving average are showing the pair may continue the bearish trend. Try to find good resistance and then set short order. Today SNR :
R3 : 131.05
R2 : 130.65
R1 : 130.27
Pivot level : 129.84
S1 : 129.48
S2 : 129.00
S3 : 128.70
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Now a days Forex is most popular and profitable online business for new generation. I think a bullish engulfing bar
Price is crossing a small but still important pivot zone, the 115.00 area
The support on the daily chart at 113.50 is the bounce place. Multiple bottoms in this area = strong rejection.
target at least 116.50 or more; stop loss at 113.50. Again, this is a medium term trade
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