EURJPY Price Forecast – Bearish Momentum Ahead! 📉🔥
EURJPY is showing strong signs of a downside move, and traders should be prepared to take advantage of this bearish momentum. Based on the current market structure and technical analysis, we have identified a descending channel pattern, indicating potential selling opportunities.
📌 EURJPY Selling Zone & Trade Setup:
🔹 Entry Level: 159.300
🔹 1st Target: 158.100 🎯
🔹 2nd Target: 156.160 🎯
🔹 Final Target: 155.000 🎯
💡 Risk Management is Key!
Trading is all about strategy and discipline—without risk management, even the best trade setups can fail. To protect your capital:
✅ Always set a stop loss at a safe level
✅ Stick to your trading plan—don’t chase the market
✅ Use proper position sizing to manage risk effectively
📉 Why is EURJPY Bearish?
🔻 Price is respecting the descending channel resistance
🔻 Weakening bullish momentum at key resistance
🔻 Potential rejection from the 159.600 supply zone
This setup offers a high-probability trade opportunity for those who follow a disciplined approach.
💬 What’s Your Take on EURJPY?
Do you see further downside movement? Drop your thoughts in the comments! 👇
📢 Follow us for real-time market updates, expert trade setups, and profitable strategies. Let’s grow together and maximize our trading potential! 🚀
EURJPY is showing strong signs of a downside move, and traders should be prepared to take advantage of this bearish momentum. Based on the current market structure and technical analysis, we have identified a descending channel pattern, indicating potential selling opportunities.
📌 EURJPY Selling Zone & Trade Setup:
🔹 Entry Level: 159.300
🔹 1st Target: 158.100 🎯
🔹 2nd Target: 156.160 🎯
🔹 Final Target: 155.000 🎯
💡 Risk Management is Key!
Trading is all about strategy and discipline—without risk management, even the best trade setups can fail. To protect your capital:
✅ Always set a stop loss at a safe level
✅ Stick to your trading plan—don’t chase the market
✅ Use proper position sizing to manage risk effectively
📉 Why is EURJPY Bearish?
🔻 Price is respecting the descending channel resistance
🔻 Weakening bullish momentum at key resistance
🔻 Potential rejection from the 159.600 supply zone
This setup offers a high-probability trade opportunity for those who follow a disciplined approach.
💬 What’s Your Take on EURJPY?
Do you see further downside movement? Drop your thoughts in the comments! 👇
📢 Follow us for real-time market updates, expert trade setups, and profitable strategies. Let’s grow together and maximize our trading potential! 🚀
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.