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EUR/JPY

Looks like a possible double bottom for low risk entry IMO

EUR/JPY daily chart below with 2 Hr detail:
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Hi guys
I'm new to this per and appreciate your thoughts .
Is this per going to 121.00 ish?
Any ideas ?

Cheers
[quote = Dibzoolian; 12787730] Привет, ребята, я новичок в этом и ценю ваши мысли. Это за 121.00 иш? Есть идеи ? Приветствия [/ цитата]
The purpose of my order is 116.00
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no pain no gain
Appears EUR/JPY is a strong-buy at this price/time in the aspect of risk management. Into the Yen from the Dollar, then from the Yen to the Euro . As the currency-carousel turns.
Count Of Antwerp
Two Tenths Equity Trades All Time Profit: £6,949
Quoting countaccrue
Appears EUR/JPY is a strong-buy at this price/time in the aspect of risk management. Into the Yen from the Dollar, then from the Yen to the Euro . As the currency-carousel turns.
I dont see it as a buy this side of 116
its all just one persons opinion....
Quoting axecap
{quote} I don't see it as a buy this side of 116
or possibly even 114.81
its all just one persons opinion....
Quoting axecap
{quote} I dont see it as a buy this side of 116
For a position that is created to be outstanding for longer than 1 month... EUR/JPY is low risk because the downside is limited. Upside for all major currencies is always limited if they aren't severely undervalued compared to their peers.

But I do admit I think there's better pairs to short the JPY for high probability gain, that's AUD/JPY.
Count Of Antwerp
Two Tenths Equity Trades All Time Profit: £6,949
Quoting countaccrue
{quote} For a position that is created to be outstanding for longer than 1 month... EUR/JPY is low risk because the downside is limited. Upside for all major currencies is always limited if they aren't severely undervalued compared to their peers. But I do admit I think there's better pairs to short the JPY for high probability gain, that's AUD/JPY.
Ive had shorts for many months.... didnt say I was shorting here..
its all just one persons opinion....
I am long EJ, Sto and MACD trending up. EJ has also hit a key Support, I expect a rally up to 119.50
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Price action has been sloppy but a swing higher is underway IMO

4 Hr Chart
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entered buy trade
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Possible buy..anyone looking at this pair?
Quoting YvonneVon
Possible buy..anyone looking at this pair?
In higher timeframes (daily/weekly) it forms a nice buy setup, it slowly corrected to the downside and will eventually shoot up sharply imo. I cant say for sure though when, might be now since it found some support but can also go a bit lower to 115.5 max.
Wrong call, but I managed to exit without a scratch.
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This level is definitely worth a buy attempt, but DYODD.
Quoting YvonneVon
This level is definitely worth a buy attempt, but DYODD.
80 pips move...
117 might be on the charts tonight..
Morning guys. Newbie trading from Japan. Been trading and braking even the EUR/USD for a while now. Going to dabble in the EUR/JPY to see if it works better for me re my location. Any tips/advice on this pair would be much appreciated. Thanks
TIME is the most valuable commodity, not money
Predicting will retest previous support 116.7/800 before continuing the bearish trend...
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Bouncing off the 200ema resistance on my 4hr chart ,, could be a down,, Monday open should give more indication
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