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EUR/JPY - Another correction ?

  • Charts: 4Hours, 1 Day.
  • Indicators: Fibonacci Fan Lines,Fibonacci Retracements,Volume.
  • Prepared with : JForex 4.
  • Current Level : 138.95
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UPDATE 1: Current price level is 138.80 which at  a120 pips deviation from target. There are several days to go and there is time for the pair to hit the target.

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UPDATE 2: Deviation increased to 200 pips.

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Bollinger Bands Trade!


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jezz avatar
jezz 9 Abr

It was a good trade. Entry point at the price crossing the middle band (EMA anyway), SL triggered at the retracement - crossing the middle band again. And what does your lesson say to you?

Metal_Mind avatar

Well i should trust indicators  once in a while .

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EUR/JPY-Triangle Pattern!


Charts: 4Hours, 1 Day.
Elements used: EMA 3,5,13,21,50,100,Time Markers.
Current Level : 141.02

EUR/JPY has had a 5100 pips sharp bullish rise month after month until recently when it seem to have encounter a resistance level. I used percent lines levels last month to determine where the pair could be heading. I predicted a retracement period.
Today i can conclude that i was right. The retracement period did occured but the losses were recovered very quickly and the pair played in a range
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Convallium avatar

you are hard-working person)

Metal_Mind avatar

Thanks Convallium!

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UPDATE 1: WRONG DIRECTION. DEVIATION OVER 300 pips

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UPDATE 2: CUrrent price level is 142.14  narrowing the deviation to 170 pips. If we have some extraordinary event the prediction might be close. Even though that is not very likely to happen.

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EUR/JPY-Reach Resistance !


Charts: 4Hours, 1 Day.
Elements used: Percent Line,Fibonacci Retracements,Fan Lines,MACD,Time Markers.
Current Level : 139.99

EUR/JPY has had a 5100 pips sharp bullish rise month after month until recently when it seem to have encounter a resistance level. I usual don't use percent lines, but since this move is so sharp and fan lines nor retracement would have worked on a monthly chart i decided to add them and i was really surprised seeing that th
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Metal_Mind avatar

UPDATE 1; I based this prediction counting on retrecement after the pair reached an important resistence zone. The retracement started but moved quite in a range. The deviation is 150 pips above my target.

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UPDATE 2: Current price level is 1.4054 which is over 230 pips above my target.

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EUR/JPY YEN STRENGHTENS

Charts: 1 Day,1Week.
Indicators
: Fibonacci Fan Lines 1Day,1 Week, Time Frame(TF),Fibonacci Retracements,Support & Resistance
Levels,EMA 200, 50 ,21,13,5,3.

Current Level : 133.18

EUR/JPY is in a range from April this year and tried two times until now to broke the range higher which settled with the forming of two resistences and also it had 3 attempts to break lower that were unsuccesfull.This range is formed between fibonacci fan lines 1 Day TF 61.80& 50.00 and fibonacci fan lines 1 W
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Daytrader21 avatar

That is my view also and after this retracement is completed I'm expecting the up trend to resume

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UPDATE 1:Wrong prediction . The current price is 138 pips from the initial level and also against my prediction. I will monitor and see if there is a chance to retrace.

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UPDATE 3: Wrong prediction. The current price is 132.91 and 500 pips far from my target.

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