Support - S1 : 130.158 | S2 : 129.658 | S3 : 128.853
Resistance - R1 : 131.463 | R2 : 132.268 | R3 : 132.768
Main Trend - Bearish
Intraday Trend - Bearish
On 4H chart of forex technical analysis for the exchange rate EURJPY is clear the pressure who lead the price to a lower price level. EMA(50) and EMA(200) are ready to proceed to a downward cross. The price is above but very near to the median line of Andrew's Pitchfork. We have to be very suspicious for an upward reaction from this area.
Considering all the details from the charts of forex technical analysis we can detect all critical levels and trading targets for H1 and H4 timeframes:
The area 131.073 – 131.412 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 131.860, 132.270, 132.500, 132.800, 133.000, 133.500, 133.750.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 130.150, 129.760, 129.350.
The area 130.772 – 130.940 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 131.100, 131.330, 131.450, 131.650, 131.800, 131.900, 132.300.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 130.200, 130.000, 129.700.
There are Bullish Harmonic Patterns. On 4H chart: 0.886xAB=CD. On Daily chart: Bullish Henry. On Weekly chart: Bullish Henry.
Using the above elements of forex technical analysis, everyone can plan his own personal forex trading strategy. We note the need to use stop-loss levels.
You agree with our estimates? If you have another point of view, you can write your opinion in comments.
You can subscribe to one of the two subscription packages and take advantage of all benefits of the forex signals using one of the most sophisticated Forex Signals Copier, also from monitoring the live trading room, and of course from the full support in real time.
Resistance - R1 : 131.463 | R2 : 132.268 | R3 : 132.768
Main Trend - Bearish
Intraday Trend - Bearish
On 4H chart of forex technical analysis for the exchange rate EURJPY is clear the pressure who lead the price to a lower price level. EMA(50) and EMA(200) are ready to proceed to a downward cross. The price is above but very near to the median line of Andrew's Pitchfork. We have to be very suspicious for an upward reaction from this area.
Considering all the details from the charts of forex technical analysis we can detect all critical levels and trading targets for H1 and H4 timeframes:
4H Chart
The area 131.073 – 131.412 is a neutral zone.
Bullish scenario: If price moves upwards and close above the neutral zone, then the upward trading targets will be: 131.860, 132.270, 132.500, 132.800, 133.000, 133.500, 133.750.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 130.150, 129.760, 129.350.
1H Chart
The area 130.772 – 130.940 is a neutral zone.
Bearish scenario: If price moves downwards and close below the neutral zone, then the downward trading targets will be: 130.200, 130.000, 129.700.
There are Bullish Harmonic Patterns. On 4H chart: 0.886xAB=CD. On Daily chart: Bullish Henry. On Weekly chart: Bullish Henry.
Using the above elements of forex technical analysis, everyone can plan his own personal forex trading strategy. We note the need to use stop-loss levels.
You agree with our estimates? If you have another point of view, you can write your opinion in comments.
You can subscribe to one of the two subscription packages and take advantage of all benefits of the forex signals using one of the most sophisticated Forex Signals Copier, also from monitoring the live trading room, and of course from the full support in real time.
1 comment:
Thanks for sharing on it ....
Forex exchange to prices moves 0.83 and our Target at median line .I accept the suggestion from Equity Profit (www.equityprofit.com)for holding right now .target is going on natural area. I Got suggestion from Equity Profit you can End now point 0.92 and i have achieved target ......
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