a-ads

Tuesday, December 4, 2018

[FOREX TIP] EURJPY Price Action Analysis – 5th Dec 2018

EURJPY, after making a massive breakout towards the South by producing a strong bearish H4 candle, seems to have started having an upward correction. The pair, nonetheless, favors only to go with short as far as the H4 chart is concerned. However, if we are to go short, we must make sure that we start selling the pair from a value area to make most of it by taking less risk. Let us now find out those areas to go short from, take profit and stop loss level by having a look at the H4 chart.

EURJPY Price Action Analysis – 5th Dec 2018

EURJPY Price Action Analysis – 5th Dec 2018

Highly Reliable MT4 Expert Advisor
Click Here to learn more….

See that massive H4 candle that made the breakout at the level of 128.290. There is a Double top as well. This means the move we are aiming at, would be a strong bearish move. We should wait for the price to go back to the breakout level and to produce an H4 bearish engulfing candle right at the level of 128.290 to ride on that bearish move. Let us have a look at the summary of the trade…

  • Sell Limit Order: 128.290
  • Stop Loss: 129.300
  • Take profit: 127.100
  • Validity: 72 hours
  • Whenever possible, move the stop loss to the entry price and whenever you want, you can take profit anytime as long as you feel comfortable

The Gold market was very active yesterday as well. It seems that the traders of Gold have been very active lately. This is good for the rest of the pairs. If the Gold market makes significant moves, the whole financial market moves with it to some extent. Let us hope that it stays like this.

The post EURJPY Price Action Analysis – 5th Dec 2018 appeared first on Advanced Forex Strategies.



from Advanced Forex Strategies

CryptoCurrency News: The Race Is On to Replace Ethereum’s Most Centralized Layer



Ethereum developers are working on numerous approaches to replacing or enhancing a popular tool for connecting to the network.

via CoinDesk

CryptoCurrency News: Numerai to Cut Token Supply by 10 Million to Become ‘Decentralized as F*ck’



The move from the next-gen hedge fund dovetails nicely with recent comments by U.S. regulators and could test the waters regarding airdrops.

via CoinDesk

CryptoCurrency News: Air Force Grad School Launches Blockchain Demo Site



The Air Force Institute of Technology has published a demonstration website aimed at helping professionals learn about blockchain.

via CoinDesk

CryptoCurrency News: Crypto Exchange Poloniex Launches Institutional Trading Services



Poloniex announced it was opening institutional trading accounts as of Tuesday.

via CoinDesk

CryptoCurrency News: Overstock’s Medici Invests $2.5 Million in Grain Tech Firm’s Blockchain Pivot



Medici Ventures has bought a $2.5 million equity stake in GrainChain, a software firm launching its own blockchain and stablecoin.

via CoinDesk

CryptoCurrency News: Treasury Official: Global Regulators Must Follow US Lead in Crypto Enforcement



U.S. Treasury Department Under Secretary Sigal Mandelker called for global efforts to police malicious actors' use of cryptocurrencies.

via CoinDesk

CryptoCurrency News: Hyperledger Launches Cryptography Toolbox for Blockchain Developers



Hyperledger has launched a new tool for blockchain developers – a modular cryptographic library aimed to reduce work duplication and bugs.

via CoinDesk

CryptoCurrency News: Coinbase’s Former Fraud Lead Has Left to Join Tech Firm Twilio



One of Coinbase's longest-servicing employees, risk operations manager Rees Atlas, has left the Silicon Valley cryptocurrency exchange for Twilio, a publicly traded tech firm.

via CoinDesk

CryptoCurrency News: Signature Bank Wins New York Approval for ‘Real-Time’ Blockchain Payments



Signature Bank is launching a blockchain-based real-time payments system in early 2019 and has just got the green light in New York.

via CoinDesk

CryptoCurrency News: Swiss Regulator’s ‘Relaxed’ Fintech License Covers Blockchain Firms



Switzerland's Financial Market Supervisory Authority has introduced a new "relaxed" fintech license that can apply to blockchain and crypto firms.

via CoinDesk

CryptoCurrency News: Fidelity, Bitmain and More Invest $27 Million in Crypto Trading Platform ErisX



ErisX has closed a $27.5 million Series B funding round to build a regulated crypto spot and futures market.

via CoinDesk

CryptoCurrency News: $35 Million: Sequoia, Baidu Back Turing Award Winner’s Blockchain Project



Conflux, a scalable blockchain project with a Turing Award-winning co-founder, has raised $35 million from backers including Sequoia and Baidu.

via CoinDesk

CryptoCurrency News: Iranian Bitcoin Trader on US Sanctions Blacklist Says He’s Innocent



One of the Iranian bitcoin wallet holders added to the U.S. sanctions list last week says he was unaware coins he received were tied to ransomware.

via CoinDesk

CryptoCurrency News: Closing on $4k: Bitcoin Price Returns From One-Week Lows



A quick recovery from one-week lows seen today may have helped bitcoin avert a bigger sell-off, but the bulls are not out of the woods yet.

via CoinDesk

CryptoCurrency News: Singapore Government Agency Backs New Blockchain Accelerator



Enterprise Singapore, a government agency set up to develop the startup ecosystem, is supporting a new blockchain accelerator program.

via CoinDesk

CryptoCurrency News: Chinese Crypto Billionaire to Help Lead Hong-Kong-Listed Blockchain Firm



Veteran Chinese crypto investor Li Xiaolai has joined a public firm listed on the Hong Kong Stock Exchange as an executive director and co-CEO.

via CoinDesk

bitcoin faucet

Popular Posts