Eurjpyforecast
EUR/JPY Monthly Bearish Divergence Swing TradeFor all of my fellow swing traders.
EUR/JPY has a bearish divergence on the monthly time frame with a lower high in price and a higher high on RSI.
It also has a bearish divergence on the weekly time frame and the daily time frame.
I'm not sure the exact time it will reverse but the next few weeks I would be looking for huge bearish reversal patterns for this pair and to enter after that. You don't want to enter prematurely so let's wait for confirmation!
EURJPY may be correcting lower soon. 16.5.2021I posted an EURJPY uptrend idea before.
After reviewing the price action for the last few days, it seems like an ending diagonal is forming at around 132.8-133.2 area. If this is the case, EURJPY may enter wave (4)-yellow corrective wave, which can bring price down to 128.50.
I prefer to see an impulsive drop before entering short so lets wait and see. A break of wave (3)-yellow trend line would be indicative for the drop has begin.
After all, the uptrend is intact even after this possible correction.
EURJPY, 1hr chart, ending diagonal / rising wedge
As you can see price making a rising wedge pattern or ending diagonal depending on your view using chart pattern or elliott wave.
Overall both patterns target is around 131.70-60 which is the bottom of wedge/diagonal.
Sell EURJPY 132.80
Stop loss 133.10
Take profit 131.70 (3.6R)
Use only 1-2% risk
Good luck
Chance of a correction lower in EUR/JPYEUR/JPY can correct lower in the next couple of days after this recent rally.
Price action is slightly tilted to the bearish side now with two consecutive 4 hour candles
turning bearish.
A sell entry@ 132.60-132.85 with SL above 133.20 and TP at 131.70 could be a potential
short set-up.
EURJPY top-down analysisHi Guys, let’s make a full top-down analysis of this pair, we will take the trade if all the condition of the strategies are satisfied. Press like button to support this video and let me know in the comment section if you have any questions
Risk 1%
please do your own analysis before taking this trade.
EURJPY: very profitable trade on 1hHi Traders,
This is my view on this pair for the next few days.
#EURJPY
SELL 132.5
SL 132.75
TP 131.2
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
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Pietro from Trading Kitchen
forex | eurjpy multi timeframe analysis - long opportunityforex | eurjpy multi-timeframe analysis - long opportunity
following support and resistance strategy on the monthly and weekly chart and I expect the price will continue moving up to reach the historical resistance.
but I'm afraid of the over-bought of the RSI indicator. so I think the price will make a correction to backtest 61.8% Fibonacci and continue going up.
#eurjpy #eurjpy_analysis #eurjpy_signal