EURJPY retesting important ResistanceWe can see that price is retesting zone after we spotted a harmonic pattern. Pullbacks have been completed and price is not able to climb above resistance.
Expecting sells on this pair.
EJ
EURJPY IDEA FOR ME AFTER LOSING ON SHORTS LOLT rade at your own risk also this is not financiacl advice and not a signal I just analised the market in my way and found a stron resistance at 61.8 level so next week there should be a bullish move
EURJPY short A short position was taking around price 126.03 as price as reacted to bottom of the channel retraced and created a lower high. Will be looking to scale out profits around price 125.20.
EURJPY ShortEntry 126.300-126.100
Sl 126.650
TP1 124.450
TP2 123.500
Confirmations:
-LL created
-Fibs Retracement golden zone
-LH on Golden Zone
EURJPY - SHORT POSITION (4HR)CONFLUENCES:
- Bearish market structure confirmed by EMA crossover
- Rejection of 51 EMA
- Breakout & retest of previous area of consolidation
- Fib Levels line up nicely with areas of support & resistance
- Entered the trade prematurely but my healthy stop-loss has kept me in the trade with a 1:3 R:R
EJ long January 12th 21 many wicks to the downside, overall bullish trend i expect this to come to around the 127.30 lvl with a 20 pip stoploss.. waiting for confirmation first.
EURJPY LONG POSITION (2HR)CONFLUENCES:
- Breakout from previous area of consolidation
- Rejection from 51 EMA in 4Hr
- Rejection from 61.8% Fib
- Entered the trade prematurely but see a potential Head & Shoulders Pattern forming
Looking for buys in EJ @126.668So I am mainly looking for buys looking for a quick scalp of 15-30 pips!
Making sure I perfectly enter with my buy stop.
EURJPY - SELL OPPORTUNITYSELL EXECUTION of EURJPY in SELL AREA 1 / SELL AREA 2, Looking to close position in TARGET AREAS (+30 PIPS)
- TARGET AREA 1 - 30 PIPS
- TARGET AREA 2 - 50 PIPS
- TARGET AREA 3 (LONGTERM) - 140 PIPS (Price Area 125)
Trade at your risk!!!
EURJPY SHORT POSITION (4HR)Countertrend short on EURJPY back to prior resistance.
Confluences:
- Breakout and retest of minor support
- 2 4HR shooting star candles
- MA crossover in the 1HR timeframe
EURJPY - PREDICTIONDoesn't get much easier.
Double top. Look at the daily chart, huge bearish rejection of this level. 4hr showing these twin tops, multiple confirmations.
Again, usual scenario of break the neckline and follow the usual corrective move to the 61.8% where we should bounce off again for the third touch. Careful if you take the sells, it's counter trend.
EURJPY - PREDICTIONSet up from last week still valid and great example on how to add positions to a good trade.
Every green area is where you could add positions through technical confirmations.
Predicted last week, evidence attached.
EURJPY SELLPrice is currently testing the high with the opening of the asian session. There has been a hanging man candlestick formed. I will be going short here. Very SIMPLE.
EURJPY IDEA - EYES ON HOW MARKETS OPENthis looks good to me, three confluences.
fell from triple top
broke out of bull trend line
broke out of corrective move
