Patience + Humility + Study = Success
Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies
Daily GBP/JPY analysis 16,618 replies
long eur/jpy, gbp/jpy, usd/jpy 11 replies
eur/usd, eur/jpy, usd/jpy average 0 replies
Adwa Daily GBP/JPY analysis 23 replies
DislikedEur/Jpy
TFH1 shows that last Friday’s high may complete a rally off the Wave 5:5 low at 153.36. However, it’s unclear whether the subsequent bearish reversal is impulsive or corrective.
End-of-wave targets (assuming the current move down is corrective) include:
158.14
156.31
Shorts should be taken immediately.
Near-Term Trend: Short.
The Daily Chart shows possible completion of the ABC correction off the
23 July 2007 high. Whether price has completed Wave C
(implied by the Wave 5:5 low) will depend on the emerging price pattern of the retracement off the Wave 5:5 low.
The bearish stochastic in both timeframes indicates that a multiday high has been reached, and that net price movement will be sideways to down over the next several trading days.
Overall Direction: Short.
Momentum Across Multiple Timeframes
TFW1 : Bullish Reversal
TFD1 : Bearish Reversal
TFH1 : Bearish/OversoldIgnored
DislikedTrading Implications:
Momentum is bearish across both timeframes
Price pattern is bearish
Short following a break of the minor swing low at 159.22 as long as momentum remains bearish.
Targets
Price: 156.31
Time: 10-14 AprilIgnored
Dislikedstart on monday, my fren will give us signal for EURJPY only
he told me, this signal for day trading only
take profit from 20pips-50pips perday and stop loss 30pips,
he advice to me open 2 position on EURJPY,
1st post lock profit at 20pips and 2nd post let it be until he will give the exactly exit for 2nd post
trade at your risk,Ignored