Eurjpyshort
EUR.JPY (Y23.P1.E1) Rising wedge breakdownHi Traders,
My thoughts on this structure suggests its a rising wedge, broke through the preluding trendline, has gone into the classic level for resistance and the initial rejection. in par with BTC back at its first ATH.
Fractal below.
All the best,
S.SAri
Fractal with BTC
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY
- Currently there is an UP SIDE BIAS for EURJPY. XXXJPY CURRENCIES BUY very fast in previous weeks with JPY WEAK after BOJ MEETING. Somehow it is being RECOVERED again. MARKET RISK is still ON. VIX is going DOWN, XXXJPY CURRENCIES SHOULD BE BUY FAST NOW.
- Some NEWS coming for the USD will help strengthen the EURO. Because the reason for that is because the NEWS related to USD is quite weak and USD has got a weak SENTIMENT. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more.
EURJPY can sell at 141.636 level before BUY. After that you can BUY at 147.15 LEVEL. If the MAIN STRUCTURES BREAK somehow, EURJPY price can definitely be BUY at 146.61 LEVELS.
EURJPY - Short active ✅Hello traders!
‼️ This is my perspective on EURJPY .
Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I expect bearish price action from here as price filled the imbalance and rejected from bearish order block + institutional big figure 144.000.
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EURJPY - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on EURJPY .
Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I look price to continue the retracement to fulfill the imbalance and then to reject from bearish order block + institutional big figure 144.000.
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EURJPY.....SELL (250 Pips)Expected EJ to reject at 142.00, from my rejection zone (red box). AS you can see the market played by that structure, i'm considering a sell run to correct the bulls formed from last week's ascending triangle which occurred on Wednesday and that of Friday's session. Expecting a sell momentum to push this EJ to a possible 300 pips with final TP valued at 138.70 which results in 2% price reduction.
NB: blue box: Breakout zone!!!!
Yemi_Fx1 | Looking To Short on EURJPYAfter the first impulsive leg, price started to correct (consolidate) in form of an expanding flag which then signifies continuation of movement. I'm considering a Risk entry type within the structure.
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GBPJPYshort term short on GBPJPY from 158.13 down to 157 to 156.80 .
from 156.80 price can start rallying back to the up side.
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EURJPY upcoming Bearish outlook for D1Good day traders,
Although the EURJPY rejected on our local resistance, it is creating a bullish flag. We are currently holding a buy/ long position on this pair seeing that it is yet to complete the bigger picture (Bearish Gartley). Selling at this point would be premature costing us thousands of pips in a drawdown. You can wait for the breakout of our bullish flag and take advantage of the pips going up before you maximise on your short/ sell trades.
Please note that this analysis was done on the daily timeframe and therefore, it will take some time before we start selling. For scalping options, I recommend you do your owwn analysis but keep the overal picture in mind as it may affect your scalping decisions. In my opinion, patience is always key.
Feel free to share your thoughts.
Disclaimer
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