EURJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Eurjpyprediction
EURJPY BUY 400+ PIPS?!EURJPY has entered a daily orderblock and POI and we are showing signs of rejection.
On my chart I have shown two trades, one with a shorter stop loss which allows us to get a better r:r.
On the smaller sl trade i will be risking 1%
On the larger sl trade i will be risking 2%
Max exposure - 3%
Potential take profit areas are shown through purple lines.
DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose. Trading live carries risk and you may make money or lose some or all of your capital. I am not liable for any gains or losses made
EURJPY weekly MovementHellooo My Dragon friends
i see EURJPY have downtrend trend line.
we make sell at the upper line, with SL 133.60 and TP at 130.25
and weekly sign give us two candle shooting star.
Lets See
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Disclaimer On
Weekly sign, last two candle is shooting star
EurJpy= Best place to buy for 1:5 R:RAfter the June high of around 1.34, EurJpy corrected and found strong support in 1.28 zone.
October is a recovery month for this pair with the price rising back above 1.3 important figure
Now the pair is in a minor correction of the recent leg up and I expect continuation to the upside
1.31 can be a good place to buy and long term traders can target 1.5 zone
Recent 1.34 high can also be a good place for TP for shorter-term traders
This scenario is negated if the price is closing under 1.2750
EURJPY Potential Short swing into 131.000Seems like it is going to make its weekly higher low.
Here are the Confluences;
a. 4H/1H Lower low
b. Head and shoulder pattern
c. 1H Trendline
d. Structural Zone
e. Previous weekly closure doji candle
Main Take-profit target is 131.000 Major psychological level which might also hold a liquidity due to consolidation that happened in that level.
EURJPY , Its time to sell Hello everybody
In this chart , we have zone that support price to go up and now this zone changed to resistance and pullback to it and now its time to sell
Another reason for take this sell position is the key
( Key : its the zone that can change the trend )
We are only positioning that follow the trend , the trend is downward and now we are only selling because of the trend change and have pullback , its time to sell
Dont forget stop loss and save profit and risk free your position
Good Luck
Abtin