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EURJPY | 03042017

Hello my dear fellow community members,
There is a setup in EURJPY where you can see the pair has closed the day below an important swing pivot. I expect the EURJPY to continue lower in the coming days.
EURJPY DAILY CHART
Any comments about the setup are welcome.
Happy trading to all.
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EURJPY BROKEN OUT OF FALLING WEDGE | 03032017

Hello my dear fellow community members,
EURJPY seems good to buy as it has broken out of the falling wedge, which is a bullish pattern. The targets of the pattern are at 123.50 levels. I will place my buy stop order above high of today's daily candle. If the candle closes below 121.33, then I will place orders above 121.33. Here is the chart showing the setup.
EURJPY DAILY CHART


Any comments or suggestions about the setup are welcome.
Happy trading.
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EURJPY will struggle to go higher

Technical Tools
Resistance and support lines, Trend lines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, Rectangle
EURJPY Weekly Chart
  • The MACD on the weekly chart has entered the positive zone. The histogram suggests the buyers taking control of the market.
  • The RSI is turning down.
  • The Stochastics is headed South.
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