EURJPY - Look for a short ✅Hello traders!
‼️ This is my perspective on EURJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to make a retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 161.000.
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Eurjpyshort
Eurjpy short position setupHi everyone.
As we have a BOS to the down in 1H TF, now it's time for a pull back.
I think around 161 is a good area to look for CHoCH in lower TF(like 5min) to go short. Or you can set a limit order by your own risk.
Please consider the risk management.
Lets see what will happen...
Good luck.
EURJPY → Next on the downside comes 161.20FX:EURJPY corrects further down and drops to four-day lows around 162.20 on Tuesday.
The continuation of the downward bias carries the potential to drag the cross to the weekly low of 161.20/25 band (November 21) prior to the provisional 55-day SMA, today at 159.40.
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA at 153.37.
EURJPY: 22/11/2023: Possible bearish scenarioWell, as you can see the market structure is bearish, so we just looking for a sell.
Now we have a bearish order block that we can expect to push the price down.
As always, we need LTF confirmation in the bearish order block.
💡Wait for the update!
🗓22/11/2023
🔎 DYOR
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Further losses look likelyFX:EURJPY retreats for the fourth session in a row and visits multi-session lows near 161.20 on Tuesday.
Further downside appears well on the cards for the cross in the short-term horizon.
That said, losses could then accelerate to the provisional 55-day SMA at 158.93 ahead of the interim 100-day SMA at 158.07.
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 152.88.
EUR/JPY +420 Pips 0 Drawdown , Third Entry Ready To Enter !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
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Next on the downside comes 158.90FX:EURJPY extends the decline below the 162.00 support at the beginning of the week.
Further downside appears well on the cards for the cross in the short-term horizon. That said, losses could then accelerate to the provisional 55-day SMA at 158.87 ahead of the interim 100-day SMA at 158.02.
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 152.79.
EUR/JPY Gave Yesterday +170 Pips 0 Drawdown ,New Entry Valid NowThis 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
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Watching for downside We've only closed bearish 1 day in the last ten on EURJPY, it really has been a stand out performer recently. I was interested short a week ago before it broke out of the Daily channel, and since it has been nothing but a long.
There is an interesting pattern that could present a possible short, but I'm being extremely patient and want to see as much confirmation as possible. Fading this market hasn't been profitable for two weeks, so there will be plenty of chances to get in.
Corrective move overdueFX:EURJPY advances further north of the 164.00 level and prints new yearly highs on Thursday.
Further upside appears well on the cards for the cross in the short-term horizon. Against that, the surpass of the 2023 high of 164.30 (November 16) is expected to face the next significant resistance level not before the 2008 top of 169.96 (July 23).
In the meantime, the daily RSI remains well within the overbought territory near 75, opening the door to a potential near-term corrective move.
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 152.58.
Daily Trend Reversion Options PlayOpened a position on EURJPY to fade the move back towards the Daily uptrend. Decided to go with an option for this with Exp on Friday Nov 10th @160.500 strike.
Price accelerated away from the uptrend after the BoJ announcement on Oct 31st, before it pulled in and supported at 159.500 for a couple days and rallied again. I feel this provides a good risk reward on the idea, supported by intra-day bearish price action today.
It looked like we had broken down yesterday, but price reversed and regained VWAP. After that though we only made a marginal new high in Asia and has since trades back below VWAP and failed to hold support at 160.850.
EURJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity EURJPY
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