EURJPY - DAILY - SHORTS IN PLAYEurJpy - Daily time frame - I prefer shorts from daily supply zone down to a daily demand zone.
Ejshort
Bearish setup- EJPrice has been correcting big bearish movement since last week. EJ rejected 50% of fibonacci + MA50 with a low bullish volume. Breakout has done, so we can expect bearish movements this week.
eurjpy shortMy analysis is that euro will weak against jpy . It seems that EJ is making a new head & shoulder pattern.Kindly wait for confirmation candle before entry on the price and If the price goes up it will go until area 129.311 -129.561 and start sell again.
The price stuck twice on the EMA 50 which will make it even significant to go down.
My target the price will go down until area 127.562.
Trade safely .
EJ eur/jpy looking good for short.Ive been watching EUR/JPY for a couple of days now and have on the ichimoku system on with 20 period MA. Cuurent short price is at 120.947 and it dropped significantly. might start collecting profits and see how far it will go. it dropped under the 120.300 mark and had a small pull back temporarily but couldn't last. then continued dropping more after that. stay tuned to hear more.
EURJPY Potential ShortIm a new trader and spotted this head and shoulder pattern on a M5 chart. As well as Key Support areas on a H4 and Daily chart --- May be a potential place for the market to roll over!!
