EURJPY Forecast1) Top-down analysis
Monthly - Previous monthly closure, Potential Inside bar and does not fill the wick of previous candlestick
Weekly - Previous weekly candle closure, closed with doji candlestick and Closed inside the range inside of the previous candlestick
Daily - Two candlestick rejection on 130.500 (Major psychological level)
The bias is still upside due to doji from last two weekly candle. But still it has a high probability that it will go down further first to get some liquidity before going upside.
Confluences for downside movement;
a. Main trendline third touch
b. Major psychological level 130.500
c. 4H Corrective
Eurjpyidea
EUR/JPY New Long Setup Available To Catch 250 Pips Now !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
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EURJPY positionThis entry was simply based on the trendline violation principles. of course other confluences had to be adapted before making an entry.
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This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are always key
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EurJpy- Sell rallies for 130 breakEurJpy has had a strong 7 months bull run lasting till the beginning of June
After breaking under trend line support, on 25th of June retested and confirmed the break and has started to roll back down.
At this point the pair is trading just above psychological 130 support and above 129.70 technical one and I expect a break under and continuation.
I will look to sell rallies for a 127 target and only EurJpy above 131.50 would negate my bearish outlook
EURJPY analysis on 4HMy analysis on EURJPY is very simple. Last week the market broke below it's lower by making new lower low, but last Friday it pulled back with a bullish movement and secured a close above the pevious lower low. Next monday morning i am hoping that the market may push back down to 130.30 area and if changes the structure it am going to look for the market to go near 121.60 area, an area where the minor down trend started. Which will be my potential sell area after several price action confirmation. After that we might see an impulse break down to the daily low or even lower as we are still in downtrend.
Please leave out a comment stated your opinion.
EURJPY Got Rejected After Retest
Welcome back Traders, Investors, and Community!
Hi Traders, EURJPY on H1 has broken below the Support and has retested it, got rejected by a large red candle followed by several red candles which indicates we have the potential to go lower but before going lower it might go up to around 131.54
⬇️Sell now or Sell at 131.54
⭕️SL @ 131.96
✅TP1 @ 130.75
✅TP2 @ 130.20
✅TP3 @ 129.55
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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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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!
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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.
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