Attachments: Daily EUR/JPY analysis

Daily EUR/JPY analysis

#2,701
May 14, 2012 4:02pm May 14, 2012 4:02pm

arrrrgon
| Joined Apr 2012 | Status: Trader | 22 Posts

I think we're heading back to 100, but I set my take profit for 102. I can always re-enter on a rebound if it continues lower.

#2,702
May 15, 2012 9:07am May 15, 2012 9:07am

Amir_Forex
Joined Mar 2012 | Status: Harmonic Trader | 951 Posts

#172

Patterns have an underlying mathematical structure.

#2,703
May 15, 2012 1:44pm May 15, 2012 1:44pm

RideTheWave
Joined Oct 2011 | Status: Trader | 282 Posts

I am long eur vs jpy

ready for a temporary pop

i like the fundamentals as well

BOJ to weaken Yen (just a matter of when and how much)
Euro i feel is oversold over-feared over done.
-probably does have more downside but im willing to risk

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#2,704
May 16, 2012 9:36am May 16, 2012 9:36am

ednei1
| Joined Nov 2011 | Status: Adjust the sails we will navigate | 61 Posts

Let's see if this works: entry sell: 102.47 tp: 101.55

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#2,705
May 16, 2012 9:58am May 16, 2012 9:58am

ednei1
| Joined Nov 2011 | Status: Adjust the sails we will navigate | 61 Posts

We are now just above the 102.32 pivot, is an important point

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#2,706
May 19, 2012 10:54am May 19, 2012 10:54am

Taigen
Joined Nov 2010 | Status: To pip or not to pip... | 1,030 Posts

I will be looking for the peeks for my entries for awhile at least. The EU finally matched it's position it had last February. I'm supposing the EJ might do the same thing but it has another 400 pips to go which is a lot. We'll see.

Taigen Profit This Month: na

#2,707
May 22, 2012 10:21am May 22, 2012 10:21am

Taigen
Joined Nov 2010 | Status: To pip or not to pip... | 1,030 Posts

so it looks like this may be the turnaround for a reversal. Can't quite make that claim yet but it does look promising for an uptrend in the next couple days. Strong resistance looks just under the 105.00 mark. I did a long test position (1 pip) to get the feel of whats happening. So far I'm not at zero stop and looking good.

Taigen Profit This Month: na

#2,708
May 22, 2012 10:31am May 22, 2012 10:31am

torkay77
| Joined Jul 2010 | Status: Trader | 887 Posts

all yen pairs seem to be i a good position to buy

ej, aj, nj, cj, gj

i just can't decide which has the biggest potential..

we should make a survey

#2,709
May 22, 2012 11:45am May 22, 2012 11:45am

Taigen
Joined Nov 2010 | Status: To pip or not to pip... | 1,030 Posts

since I've gone to EJ I haven't gone back. I don't bounce around too much.

Quoting torkay77

Disliked

all yen pairs seem to be i a good position to buy

ej, aj, nj, cj, gj

i just can't decide which has the biggest potential..
we should make a survey

Ignored

Taigen Profit This Month: na

#2,710
May 24, 2012 7:41am May 24, 2012 7:41am

MrProfit
| Joined Jul 2011 | Status: Trader | 3 Posts

Wouldnt bad news for USD send EURJPY south? Bad news for one safe heaven should give the yen more strenght.

That just happened but after release sent us a bith north. Might not be correlated though..

#2,711
May 24, 2012 8:57am May 24, 2012 8:57am

torkay77
| Joined Jul 2010 | Status: Trader | 887 Posts

Quoting torkay77

Disliked

all yen pairs seem to be i a good position to buy

ej, aj, nj, cj, gj

i just can't decide which has the biggest potential..
we should make a survey

Ignored

if you think price is already low enough it usally goes lower

#2,712
May 25, 2012 4:30pm May 25, 2012 4:30pm

Taigen
Joined Nov 2010 | Status: To pip or not to pip... | 1,030 Posts

Quoting torkay77

Disliked

if you think price is already low enough it usally goes lower

Ignored

At this juncture I would not be surprised if the PA would test the .9700 level. We'll see.

Taigen Profit This Month: na

#2,713
May 30, 2012 8:49am May 30, 2012 8:49am

torkay77
| Joined Jul 2010 | Status: Trader | 887 Posts

approaching the yearly lows at 97 area, technically this could mean that we are about to finish a corrective wave b and not a wave 2 like many eliottians think off, Japan might me not be interested in a lower value

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#2,714
May 31, 2012 9:30am May 31, 2012 9:30am

torkay77
| Joined Jul 2010 | Status: Trader | 887 Posts

technically that looks like a buy opportunity, when we see it as wave b completion

, but fundamentally not really for now

..there is also still room to visit 93 again

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#2,715
May 31, 2012 1:29pm May 31, 2012 1:29pm

rufaz
| Joined Apr 2012 | Status: Trader | 32 Posts

weekly chart, is this valid? we're going up then? o.o
http://i.imgur.com/OhLOd.gif

#2,716
Jun 1, 2012 5:16am Jun 1, 2012 5:16am

dailydollars
| Joined May 2012 | Status: Trader | 18 Posts

I had very good entry on 29 may.
Sell Entry @99.46
Stop Loss @100.40
Take Profit @97.30
today, price hits the projected target +216pips
Trade Setup

Now Eur/Jpy price moving below long term support 97.20 and we may find bounce or continuation pattern to another long term support around 89:00

#2,717
Jun 6, 2012 6:06pm Jun 6, 2012 6:06pm

torkay77
| Joined Jul 2010 | Status: Trader | 887 Posts

approaching critical supply level http://www.smileygarden.de/smilie/Sonstige/cop.gif

scenario 1: possible end of downtrend wave 4, in this case we can look for short opportunity and ride it down in wave 5 to new year lows

scenario 2: a break through this level should confirm ej is still in correction mode, building a wave C of a 5-3-5 zigzag correction on weekly chart, in this case we can ride it back up to 107 or higher

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