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Eurjpyidea

Could EURJPY give us a LONG ENTRY?EURJPY is now in a Key Level, so we need some accumulation before the entry on the value, we can see that the value is also in a 50% of fibo, comes from a strong zone (supply) that the value can't pass, now EURPY is trying to retest the KL to rise up and breake this strong zone. There is a possibility that the value falls to the 61% to retest the downtrend so becareful and wait the confirmation of the value before the entry. FOLLOW ME for more analysis and updates of the same and give a LIKE if you are agree with my analysis.
Long
by BlazeGP
2
EURJPY possiblr rangeA possible trade set up for EURJPY. i believe there is further downside available in EJ, mainly because of the impeachment trial in the U.S starting next wee,k which may help boost demand for safe haven assets. the bounce could coincide with the lighter than usual trading volume in the U.S Monday because of the holiday. We also have the BOJ rate decision Monday evening and press conference that may weaken the yen, in my opinion, as I don't expect the BOJ to be hawkish. Moving forward we have the trial beginning on Tuesday and paired with the return of volume we may see a continuation of the drop which would coincide with an ABC correction in the near term. From there it becomes a bit more difficult as we come into a demand zone and longer time frame trend line. A break below the trend line and a daily close below it certainly suggest further downs side is possible. Any time price is over 122.50 it is bullish in my opinion, but there may be near term resistance in 123.25 area that pushes price down slightly to retest the 122.50 area; before continuing up in an attempt to close the gap. I see a strong resistance area up top so any over shoot of the gap may be contested . not trading advice. just my perspective. happy trading
Short
by Entrenched
6
EURJPY SHORT IDEAAfter the liquidity spike we saw on the daily we can now see the market is shifting in to bearish market on lower time frames. However overall the market is still bullish on Higher time frames. Price has already retraced and rejected the 78.6 fibbo level since then we have created a head&shoulder pattern for extra confluence to support my short idea. I’m now looking to see if we can print a new lower high to test the neckline of the H&S. I’ll monitor price action for confirmation. So far looks good to me as if you look at the daily you can see the candle stick formation is bearish.
Short
by waynetrades94