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EUR/JPY-Triangle Pattern!

Metal_Mind Posted 28 Feb. as Analysis on EUR/JPY, Target: 143.8800, Date: 1st of April, 12:00 GMT  in #Technical analysis #EUR/JPY #Pattern #Breakout #Bullish #Rally #Triangle #Lines #Rise #Percent

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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4 Comments
Convallium avatar
Convallium 28 Feb.

you are hard-working person)

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Metal_Mind 28 Feb.

Thanks Convallium!

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Metal_Mind 27 Mar.

UPDATE 1: WRONG DIRECTION. DEVIATION OVER 300 pips

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Metal_Mind 31 Mar.

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 !

Metal_Mind Posted 26 Jan. as Analysis on EUR/JPY, Target: 138.2100, Date: 3rd of March, 12:00 GMT  in #Technical analysis #EUR/JPY #Bullish #Fibonacci #Down #Lines #Percent #Simetric #Retacement

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 26 Feb.

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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Metal_Mind 2 Mar.

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

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