Eurjpyforecast
Trading Idea Regarding EURJPYI try to make Every thing Simple and Self explanatory in The Chart. Thank you for Watching My Trading Idea.
EURJPY-Short#EURJPY
The MArket was moving in a bullish channel. And after breaking out of it. It has also has completed retesting. So there is a very good short move expected next week.
EURJPY Forecast short sellingCurrently the price is consolidating between supply-2 & demand area. In the chart i have pointed out the major supply & demand levels. My bias is still bearish because market is still making lower low and will continually drop unless it breaks the downtrend market structure. However, it can continue to consolidate unless it breaks out from the demand area and hopefully to test the major demand area at 130.00
Traders, I will be glad if you like this idea or have your own opinion about it, write in the comments.
Tuesday: EURJPY - Week 26Hello Traders! Check Related ideas for market context!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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EUR/JPY might drop to the 130 level againEUR/JPY has slid below the 100 hour moving average level thus risking a deeper
pullback.
Selling the rallies in EUR/JPY remains the preferred approach. Traders can look
to execute new sell trades@131.85-132.20 with SL above 132.50 and TP at 130.
Monday: EURJPY - Week 26Hello Traders!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
EURJPY Sell SignalHey traders, here is the analysis for the EURJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
EUR/JPY Sell opportunity euro jpy is showing bearish momentum and market is back at the support now turned resistance for retest of the broken structure
look for bearish confirmation on lower time and enter short with your own money management
always remember patience and discipline are the keys to become a successful trader in Forex
EURJPY | Perspective for the new week | Follow-upJust like the situation on our GBPUSD, we experienced a 300pips move in our direction since my last publication on this pair (see link below for reference purposes) and with the present market structure, it appears we are at another juncture that "screams" for a selling opportunity.
Even as a momentary price increase is envisaged on this pair considering the pressure from the bulls during last week trading session and this might lead to a break out into Y132.500/133.000 level before a decline happens.
Tendency: Downtrend (Bearish)
Structure: Breakdown | Supply & Demand | Trendline
Observation: i. Even as we are in a long term Bullish situation, "quick sells" from participants who took advantage of the Bullish run appears to be happening at the moment and I suspect that the price might decline to around the Y129.000 area before the rally begins... Why?
ii. The significant Breakdown of Y132.350 (my new Key level/Trendline) on the 17th of June 2021 which appears to be followed by what looks like "rejections" of this same level between 23rd and 25th of June 2021 points at the possibility of diminishing Bullish momentum.
iii. While looking forward to entry opportunity below Key level, I foresee a transition into a Harmonic pattern (AB = CD) in the coming week with parameters explained below;
a. Impulse A-to-B is expected to be in harmony with the potential C-to-D leg.
b. The B- to-C leg currently falls at 61.8% with the potentials of extending to 78.6% Fibonacci retracement of the A-to-B leg.
c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext . of the A-to-B @ Y129.000 area.
iv. A Further plunge below Y131.000 (breakdown/retest) might welcome an addition to the existing position.
v. CAUTION: It is important that I state here that the overall perspective to this pair is Bullish (see weekly chart) and if the price remains above Key level, the whole narrative shall be rendered invalid and a Bullish perspective shall be immediately adopted at Break above/Retest of Trendline... Trade consciously! 😊
Trading plan: SELL confirmation with a minimum potential profit of 300 pips.
Risk/Reward : 1:5
Potential Duration: 5 to 10days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EURJPY, 4hr tf, sell on confluence of resistance
Last pair for JPY crosses is EURJPY.
It is now on area of confluence resistance. Not only horizontal resistance but also EMA-50. If you draw fibonacci retracement from ii to iii you will see we're around 61.8 fibonacci retracement as well.
Check my NZDJPY and AUDJPY sell setup as well if you follow this.
Sell EURJPY 132.15
Stop loss 132.70
Take profit 129.70 (4.45R)
Use only 1-2% risk
Good luck
EURJPY Short Analysis Hey traders, here is the analysis for the EURJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
EURJPY buy chanceHello Traders Welcome back to another profit day
If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions
Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
EURJPY touched the support zone, i think there will be a buy chance
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Please support this idea with a like, if you find it useful
have a good profit week guys
EURJPY bearish scenario:In this pair, we have the technical figure Channel Up. The Channel Up has broken through the support line on 18/06/2021. Forming a bearish formation on a daily chart. If the price holds below this level we will have possible bearish price movement with a forecast for the next 55 days with a target of 130.00. Our stop loss order should be placed at 134.06 if we decide to enter this position.
