EUR/JPY Anytime! | Page 288 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Buy/Sell anytime and set forget 37 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

eur/usd, eur/jpy, usd/jpy average 0 replies

Does the gbp/jpy eur/jpy follow the DOW? 8 replies

Correlations- USD>JPY-DOW, EUR/JPY Follows etc 12 replies

Attachments: EUR/JPY Anytime!
Exit Attachments

EUR/JPY Anytime!

  • #5,741
  • Apr 20, 2011 5:10am Apr 20, 2011 5:10am
the problem is that euro/yen on hourly has broken above trend-line, so maybe the most it will do is a retest of the trendline and hence continue onwards, esp as the Euro has gone nuts...

trendline at 119.8, 23.6% fib level of latest rally from monday bottom is at 119.3, and 100day moving average around 119.2

conversely, on euro weekly we had a spinning top which has been negated by todays rally, or the conspiracy part of me says this is a trap for people to go long and for the market to tumble down to maybe 115 or lower before rallying to 126...
  • #5,742
  • Apr 20, 2011 5:45am Apr 20, 2011 5:45am
Quoting primzvicious
i set my sl @120.30

now we have see potential today high at 120.17, but look at eu also.. if eu h1 closed above weekly high it confirm buy mode..
sl hit
Verily, in every difficulties there is relief
  • #5,743
  • Apr 20, 2011 5:46am Apr 20, 2011 5:46am
Quoting monkey@forex
the problem is that euro/yen on hourly has broken above trend-line, so maybe the most it will do is a retest of the trendline and hence continue onwards, esp as the Euro has gone nuts...

trendline at 119.8, 23.6% fib level of latest rally from monday bottom is at 119.3, and 100day moving average around 119.2

conversely, on euro weekly we had a spinning top which has been negated by todays rally, or the conspiracy part of me says this is a trap for people to go long and for the market to tumble down to maybe 115 or lower before rallying to 126...
Is this the trendline that you are talking about? Looks like it is already been taken, with a strong breakout move. What's also been taken is the very strong previous support turn resistence level. I think now more likely the pair will test previous high before end of this week.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy_rising_mode.gif Size: 44 KB
  • #5,744
  • Apr 21, 2011 4:55am Apr 21, 2011 4:55am
From what i c the weekly is in uptrend ,daily in retracement , old res becomes new support has been tested with a slight gap (115.95) , realistically we need a break above the recent high to be sure of a continuation up to 127.75 and possibly higher but the 4hour is showing sings of breaking out into a trend above 120.383 with stops below 119.196.

We need usdjpy moving with us , thats a tricky one.


pipfarm
Follow The Markets Structure - Patience and Discipline
  • #5,745
  • Apr 21, 2011 5:06am Apr 21, 2011 5:06am
USDJPY is showing signs of reversal, so there is not tricky )

Quoting pipfarm
From what i c the weekly is in uptrend ,daily in retracement , old res becomes new support has been tested with a slight gap (115.95) , realistically we need a break above the recent high to be sure of a continuation up to 127.75 and possibly higher but the 4hour is showing sings of breaking out into a trend above 120.383 with stops below 119.196.

We need usdjpy moving with us , thats a tricky one.


pipfarm
  • #5,746
  • Apr 21, 2011 6:48am Apr 21, 2011 6:48am
IMHO long bias still holding - looking at 119.12 ish for good support if we go down that far.
Attached Image (click to enlarge)
Click to Enlarge Name: MWSnap077.jpg Size: 66 KB
I've got my pips - go get yours!
  • #5,747
  • Apr 21, 2011 6:55am Apr 21, 2011 6:55am
Quoting BackTestDummy
IMHO long bias still holding - looking at 119.12 ish for good support if we go down that far.
Hello there,

Just to say hello,didnt post here but will try to help when i have time..

Good chart Back

Petar
"Buy on fear, sell on greed !!!
  • #5,748
  • Apr 21, 2011 6:56am Apr 21, 2011 6:56am
121 anyone?
Verily, in every difficulties there is relief
  • #5,749
  • Apr 21, 2011 7:16am Apr 21, 2011 7:16am
Quoting primzvicious
121 anyone?
Hmm to be honest i think we can retests lows..I am neutral on jpy but i give 70 % chance for retest lows.We can see good prev pin and looks like jpy cant break that...


Petar

daily chart
Attached Image (click to enlarge)
Click to Enlarge Name: jen.jpg Size: 95 KB
"Buy on fear, sell on greed !!!
  • #5,750
  • Apr 21, 2011 7:37am Apr 21, 2011 7:37am
Quoting Petar_Serbia
Hmm to be honest i think we can retests lows..I am neutral on jpy but i give 70 % chance for retest lows.We can see good prev pin and looks like jpy cant break that...


Petar

daily chart
yeah i agree with the retest the problem is can we break this yellow area by now?
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 16 KB
Verily, in every difficulties there is relief
  • #5,751
  • Apr 21, 2011 7:39am Apr 21, 2011 7:39am
Quoting Petar_Serbia
Hmm to be honest i think we can retests lows..I am neutral on jpy but i give 70 % chance for retest lows.We can see good prev pin and looks like jpy cant break that...


Petar

daily chart
I agree with Petar. I think it is down from here. However I am bullish to new highs if we do not break the 116 area low
If you think you can or cannot do it you are correct
  • #5,752
  • Apr 21, 2011 9:24am Apr 21, 2011 9:24am
Attached Image (click to enlarge)
Click to Enlarge Name: d4y471.gif Size: 12 KB


it's on yellow wave buyers balance now.i put my sell on it on assume that buyers got weaker today. My first target is last wave seller balance, i will cut loss if price couldn't play below 118.85
  • #5,753
  • Apr 21, 2011 12:16pm Apr 21, 2011 12:16pm
EAT MY SHORTS


check the weekly = uptrend
check the daily this downswing is a retest of the old res becomes new support

check the 4 hour we sitting very close to the old res becomes new support from the daily , these corrective swing retests are not exact to the pip as a gap away is more likely.

Confirming with usdjpy

daily no uptrend yet but the recent swing up breaking the prior lower high is a clue with the current swing down possibly being a retest of the old support becomes new res becomes new support.

Either way a break of 85.50ish is long or we may see a retest somewhere near that area after the support test which could kick start the eurjpy yen trend again.

To short yen i would want to see a break below that big swing low down.

Levels need to be broken to confirm and give an entry .

pipfarm
Follow The Markets Structure - Patience and Discipline
  • #5,754
  • Apr 21, 2011 6:13pm Apr 21, 2011 6:13pm
going long
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 30.jpg Size: 76 KB
  • #5,755
  • Apr 22, 2011 8:05am Apr 22, 2011 8:05am
Quoting BackTestDummy
IMHO long bias still holding - looking at 119.12 ish for good support if we go down that far.
Can you tell me what indicator the arrows with short lines is.
  • #5,756
  • Apr 25, 2011 10:29pm Apr 25, 2011 10:29pm
Yen holding gains since NY open, street closed in red, Asian stocks all in red, if Europe follows and NY goes down tomorrow this might be a nice swing down for EUR
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 30.jpg Size: 62 KB
  • #5,757
  • Apr 26, 2011 2:16am Apr 26, 2011 2:16am
price bounce at 119.168, if close below this area, it will be DT right?
  • #5,758
  • Apr 27, 2011 9:53am Apr 27, 2011 9:53am
here or 121.90
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 24 KB
Verily, in every difficulties there is relief
  • #5,759
  • Apr 27, 2011 12:33pm Apr 27, 2011 12:33pm
Hey guys, I was away for a while. When I came back this site looks all screwed up in my browser, like its narrowed out with an ugly brown background. Anyone else having the same problem?
  • #5,760
  • Apr 27, 2011 12:59pm Apr 27, 2011 12:59pm
Big Ben B. is doing the press conference after the feds meetings for the first time in history I wonder if it will impact the forex markets in any way
1 trader viewing now