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EUR/JPY

  • #1,881
  • Jun 18, 2014 6:09am Jun 18, 2014 6:09am
Quoting Thx
Short @ 138.634 ... {image}
Very bad IDEA.... Try to manage your short.. As i can see your lot very small ... So no issue.
  • #1,882
  • Jun 18, 2014 6:36am Jun 18, 2014 6:36am
Quoting albchr
{quote} Scalping?
Hello sir, Actually this decision based on 1 Hour TF, even if my stop hit, i still think there's still good probability to exploit probable down move on EJ (hopefully ... ) ...
Quoting Abdulaziz_D
{quote} Very bad IDEA.... Try to manage your short.. As i can see your lot very small ... So no issue.
Many thanks, actually i hedge this position with GJ ;
Quoting Thx
Long now @ 173.074, before the news hit .... {image}
I see it all in between ...
  • #1,883
  • Jun 18, 2014 6:48am Jun 18, 2014 6:48am
Quoting Thx
{quote} Hello sir, Actually this decision based on 1 Hour TF, even if my stop hit, i still think there's still good probability to exploit probable down move on EJ (hopefully ... )
Please, it's Chris I work for a living like everyone else. No need for sir.

I only asked if you were scalping as I would be a bit careful with shorts at this time if holding them for long. EJ is in retrace right now and I can see higher levels ahead. So if scalping that's cool. Get in, cover and get out quickly with a few. You did pick a nice little S/R on the 1H to take that short though. Good eye.

4H chart
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpymh4.png Size: 85 KB
Ghost Rider - WWTBMD?
  • #1,884
  • Jun 18, 2014 7:26am Jun 18, 2014 7:26am
EURJPY follows ascending trend channel on H1 chart. However, a break ob 138.80 can make vulnerable to test 139 and 139.25 immediately. Downside support of 138.48 and 138.38 can become immediate supports.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh1.png Size: 37 KB
  • #1,885
  • Jun 18, 2014 7:35am Jun 18, 2014 7:35am
Quoting albchr
{quote} Please, it's Chris I work for a living like everyone else. No need for sir. I only asked if you were scalping as I would be a bit careful with shorts at this time if holding them for long. EJ is in retrace right now and I can see higher levels ahead. So if scalping...
Many thanks Chris, for the kind words and for all your help, i manage to get out on this position @ +5 ... given the PA structure @ 5 min chart maybe that was bad idea afterall ...

Thanks Again ...

Thanks @ you too Abdulaziz_D ...

I see it all in between ...
  • #1,886
  • Jun 18, 2014 7:54am Jun 18, 2014 7:54am
Quoting Thx
{quote} Many thanks Chris, for the kind words and for all your help, i manage to get out on this position @ +5 ... given the PA structure @ 5 min chart maybe that was bad idea afterall ... Thanks Again ... Thanks @ you too Abdulaziz_D ...
You have a good grasp of trading Thx. Patience and refinement through experience will serve you well.
Ghost Rider - WWTBMD?
  • #1,887
  • Jun 18, 2014 10:20am Jun 18, 2014 10:20am
Quoting Fx_Anil
EURJPY follows ascending trend channel on H1 chart. However, a break ob 138.80 can make vulnerable to test 139 and 139.25 immediately. Downside support of 138.48 and 138.38 can become immediate supports. {image}
Good analysis, at the moment this pair seems bullish.
  • #1,888
  • Jun 18, 2014 11:34pm Jun 18, 2014 11:34pm
Quoting csc2009
{quote} Good analysis, at the moment this pair seems bullish.
Thanks you Csc2009,
I'm more bullish for GBPUSD and NZDUSD as compared to any other pair, what do you say?
  • #1,889
  • Jun 19, 2014 7:45am Jun 19, 2014 7:45am
GBPUSD next stop 1,7332 (W - Fibo 50%)

NZDUSD next stop 0.8840
  • #1,890
  • Jun 19, 2014 8:37am Jun 19, 2014 8:37am
Quoting freundr
{quote} Hit 138.40, see if it can hold above this line..then looking at 138.75 level.
Chopping around the 138.75 level. Will see if the bullish tide can take it up to the next level of 138.95
  • #1,891
  • Jun 19, 2014 8:40am Jun 19, 2014 8:40am
Quoting freundr
{quote} Chopping around the 138.75 level. Will see if the bullish tide can take it up to the next level of 138.95
yes we are still waiting. hope we see 139 today
  • #1,892
  • Jun 19, 2014 4:12pm Jun 19, 2014 4:12pm
Quoting Fx_Anil
{quote} Thanks you Csc2009, I'm more bullish for GBPUSD and NZDUSD as compared to any other pair, what do you say?
For today I was expecting that 1.7070 level would be touched. And maybe after that 1.7115 is a next possible target. I didn't trade kiwi today.
  • #1,893
  • Jun 19, 2014 5:09pm Jun 19, 2014 5:09pm
Quoting Vitez
my bet: touch down to 137.500 and then boom up to 139!
I've been following you and I am curious where you see this going next? What is your next trade entry?
  • #1,894
  • Jun 20, 2014 5:48am Jun 20, 2014 5:48am
this forum is dead...
  • #1,895
  • Jun 20, 2014 5:59am Jun 20, 2014 5:59am
EURJPY continued following the ascending trend channel, signaling towards the test of 139, where exactly 200-day SMA rests on the Daily Chart. Should it successfully breaches that level, 141 can't be denied in near-term. On the downside, 138.50 becomes immediate support for the pair.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh1.png Size: 35 KB
  • #1,896
  • Jun 20, 2014 6:44am Jun 20, 2014 6:44am
play with weekly pivot 138.63... become support as good enough righ now. break or bounce?????
  • #1,897
  • Jun 20, 2014 6:49am Jun 20, 2014 6:49am
Quoting khol_hands
play with weekly pivot 138.63... become support as good enough righ now. break or bounce?????
H1 strong bullish with cross all of MA
H4 mix with MA 200 at level 139.21.
  • #1,898
  • Jun 20, 2014 12:32pm Jun 20, 2014 12:32pm
I think we can sell again if it at 139.90 for 137.90 with stop above 140.90.
  • #1,899
  • Jun 20, 2014 12:53pm Jun 20, 2014 12:53pm
this is my EJ... u will close if have to breakout fase
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_113.png Size: 39 KB
  • #1,900
  • Edited 2:21pm Jun 21, 2014 12:40am | Edited 2:21pm
Last two ranging days....we are not confident momentum will support uptrend...we support downtrend to 136.82 to 136.38 level. (W.A.C.)

Repeat Of February 4, 2014
by FX Tech Strategy

EURJPY following lower on the back of its past week losses and testing its .618 Feb Ret (its 131.21 -145.61 rally) located at the 136.54 level, the risk is for price extension to occur.

Support comes in at the 136.00 level with a cut through that level setting the stage for a run at the 135.50 level and possibly lower towards the 135.00 level, its psycho level.

Further down, support comes in at the 134.50 level. Its daily RSI is bearish and pointing lower supporting this view. On the other hand, resistance resides at the 138.65 level, its Feb 03’2014 high.

Further out, resistance comes in at 139.49 level, its Jan 31 2014 high. Further out, resistance resides at the 140.00 level and subsequently the 140.50 level, marking its psycho level. All in all, the cross remains biased to the downside.
http://forexcrunch.wpengine.netdna-c...analysis_2.gif


Current Analysis by FX Tech Strategy

EURJPY- The cross remains biased to the upside though hesitating. In such case, further upside will aim at the 139.00 level followed by the 139.50 level where a breach will aim at the 139.95/8 level. Further out, resistance resides at the 140.94.

We may see a breather here but if that fails, further gains could follow towards the 141.50 level. A cut through here will target the 142.46 level. On the downside, support lies at the 138.13/137.97 levels. This level could hold and turn the cross back up but on continued hold below that zone, support lies at the 137.50 level.

A violation will target the 137.00 level and then the 136.50 level. All in all, the cross remains biased to the downside though recovering.
http://forexcrunch.wpengine.netdna-c...alysis_2c2.gif
Gregory D. Alexandr
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