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Eurjpyprediction

EUR/JPY - Wait for BreakMonthly: 1. Very strong push to the upside after break 2. The price now face stron resistance Looks Neutral for now Weekly: 1. Double Top 2. Break of strong support level 3. Neckline test with rejection Looks bearish for the moment. If see bearish signals on lower timeframe i will sell. Daily: 1. Morning star formation from the bottom 2. Inverted Head and Shoulders pattern Inverted Head and Shoulders pattern is trend reversal structure so I will watch carefully what will happend next week. 4H: 1. Inverted Head and Shoulders If brake up will be good chance for buy when pullback for test. If brake down will be good chance to sell when pullback for test.
by Trader_Petrov
2
EUR/JPY Short Trade UpdateHey Guys! As you know, I'm currently waiting for a pullback to at least 131.67 for a short entry with the stop loss at 133.68 and the main target at 114. 40 . On the last 4h move up I didn't get the pullback to my entry level at 131.67 by roughly 8 pips!(Wha-----t?) So I've been watching the lower time frames for signs of short term long strength to see if I can get that pullback. In this video, I show how I was able to tell that we will be getting a move down for the last week or two. Just a short explanation of reading strength of the longs or shorts through price action. So I'll keep you guys updated with this set up! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Short
by TradingForexPriceAction
1
EURJPY analysis with 2 TPs 03/03/2021as we can see this instrument was up trending in an ascending Parallels channel and there are no majeure resistances on its way, so we can speculate 2 TPs where we may have some Resistance so we can capitalize our positions there. one of the most important confirmations are that the price has touched the Fibonacci projection 161.8% extension level and there is a convention that, once the price touches this level there are over 85% of chances that the price will continue its rally to 261.8% of the same Fibonacci projection, where it has confluences with our Price Action defined 1 TP.
Long
by BitonGroup
6