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.
Eurjpyforecast
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
EURJPY - SHORT; SELL the Monthly Resistance here! ......despite the heavy docket next week. (BoJ rate decision, EU data dump, etc.) The upcoming data has a virtually zero chance to fundamentally alter the overall picture, either for the EU or for the BoJ.
Much more importantly, technically this is a solid SHORT Entry here with low risk. (Despite the likely volatility.) If the trade is wrong, you'll know it right away.
Note: This post also serves as a replacement/update for the previous EURJPY post which was erroneously updated, earlier last week. (See attached)
EUR/JPY downtrend may accelerate furtherThe resistance area in the daily chart of EUR/JPY appears to be holding well.
We have got multiple rejection/bearish candles in the resistance area with long wicks
at the top.
This indicates that the sellers are gaining an upper hand while the bulls are losing momentum.
If this continues, EUR/JPY can drop as low as 128.
So, depending on bearish price action, sell EURJPY@129.80-130.30 with SL above 131
and TP at 128.15