EUR/JPY

Nice morning star formed at previous support with good reasons for a possible bullish movement, I'm risking 1:1, possible 1:2 risk vs reward.

Happy pips everyone.

Fx 35

Trading the range between 135-136 ??

Doing some mathematical calculations from previous days PA. my projection for todays PA is 134.2 - 134.3 based on current high sustaining.

helloooo

wondering about this

do you use harmonic patterns ?

guys im confuse will it be a bearsih patern today?

me2

A break of 134.9 would send the pair down IMO

No I don't. I use ADR with PASR and has been working for me

ADR
PASR
?

ADR - Average Daily Range

PASR - Price Action Support Resistance

Nice pin bar formation on the hourly occuring

thanks for the warning..i manage to get some profit out of that

preparing to shoot high

Bullish Gartley
Bullish one2one
Bullish triangle

on 15m tf

Yep!

trend line / triangle fighting it from going up, lets see what will happend

Hi folks,

I spotted a Bear King's Crown Formation on the weekly TF.

In the beginning of last week, I was expecting price to go up to 139 area to match the left tip, but it looks like the price found resistance on the backside of the blue down trendline, notice that it's the 6th time that price has found resistance at this line since December 2013. Also the purple horizontal line is acting as resistance as well.

What are your thoughts about it? Do you thing we may see a resume of the previous downtrend? The previous trend moved about 1.900 pips, if price indeed starts a sell off, the symmetry of previous trend matches very close to the FIB D extension at 118.03, we're talking about 1.700 pips of potential movement to the south for the long term.

Let me know and let's help each other to tackle this market.

Have a good weekend everyone!!

Fx 35

Ideally - im looking for a small gap up upon market open this evening and then with the JPY news PA to take price down however still keeping it within range until either later tomorrow [Monday] or Tuesdays trading days.

Daily and weekly charts showing bearish price action to commence.

News has been dictating the market more than technicals lately IMO.

134 is key support to break for this week for further downside.

Looking for a retest this week of the 132 levels on the downside which is the direction I would be looking to trade towards.

On the upside, a break of the current highs could send the pair to the monthly 61.8 around 141 but there are more resistance levels along the way to these levels.

Ultimate downside target for the upcoming near future would be 123.

Good trading week all

This is what I am looking at in the short term - until either of these zone are breached and continued with, the range remains in play.

The fact that 135 was the price of resistance for many days and then when it breached last week, it has ended the week back around the same levels. This to me shows there is strength in the bears as well as the bulls above this level.