Eurjpyshort
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.
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EURJPY.....SELL (538 Pips)After EJ rejected off the 142.67 psychological level at this weeks market opening, it retested from a range of price quote wayback from 28th December last year. I'm expecting a price reduction of 3.8% of its current price quote.
Also a complete breakout of the 140.30-139.95 price range will faciliate a clear breakout!
A possible rejection on 138.18 and 137.80.
NB: All eyes on BOJ decision on a new possible governor!!!
EURJPY potential shorts a three touch continuation formation has been printed by price on EURJPY, i will be looking forward to seeing a smaller degree continuation flag to take this to the downside, alternatively price may still go higher for another third touch at the outer structure upon which i will be looking forward to seeing price impulse back into he pattern and create a tighter flag for a push downwards.
EURJPY.....SELL (360 Pips)Due to the previous highs on EJ at 142.67, EJ now formed a bearish reversal on wednesday 25th Jan amd 2nd Feb. Expecting this continuation as EJ trades currently in my 61.8% fibo mark which supports the entry point on EJ.
NB: the 138.00 price point needs to re-visited again!!!
EURJPY H4: Bearish outlook seen, reversal below 142.90On the H4 time frame, prices are approaching the resistance zone at 142.90, in line with the Fibonacci confluence levels where we could see a reversal below this level. The 142.90 resistance zone coincides with the graphical resistance zone and 61.8% Fibonacci retracement and extension level. Stochastic is approaching its resistance at 89.84 as well, where we could see a reversal in prices.
EURJPY short idea While I think that the Yen has topped, there is always the possibility of another massive leg up but at a much later time. So what I'm going to do is to long it on one of the weakest pair around, with the EUR getting weaker on many fronts after the recent big move. Seeing many wicks to liquidate early shorters and shake out the tree before the eventual move lower.
The red line is the stop loss, and I'm pretty sure that we could see some wicks there just in case, so consider placing a limit there if you think it is too early. The 2x Green lines are the TPs.
EUR/JPY - SHORT; Geopolitics matters - Center stage.Given the inevitability of;
1) An abject Chinese population collapse - already under way -, necessitating the consequent *** massive DEurbanization, DEindustrialization *** (leaving in its wake ~800 million subsistence "gardeners" - No, not even farms, in the traditional sense of scale!);
2) Japan having *** the only other (beside the US) long range Navy *** capable to protect shipping/supply lines, anywhere on the globe; (While China couldn't defend it's own coast line, if push came to shove. All that The "Chinese Menace" propaganda is laughable, at best. China is already dead, it just hasn't rolled over, yet, fully.)
3) The EU's obvious, ongoing Hara Kiri (the kind that would fill every samurai with envy), the demise of the Euro is a foregone conclusion. (How long for total EU disintegration?? ... A) Most likely measured in a couple years; B) It is well under way!.
4) Germany's full and unmitigated retreat from a collapsed Chinese market - the US filling the vacuum in every imaginable corner on the globe;
5) Japan being *** the only other (alongside Taiwan, S. Korea and the US) precision manufacturer of high-technology, of any scale ***;
6) ...
...
12) ...
There are at least a dozen existential reasons - already well within grasp! - all of which will leave Japan likely the only industrial power standing in Asia, while Germany (as is the whole of Europe) will be forced to backtrack to the '60s. - Not to the 1960s, no ... to the 1860s!
The technicals are also favorable to start shorting this pair from here, ... on and on ... onto forever.
p.s. The rise of France in Europe and Japan's in Asia - relative to their current industrial and geopolitical pull- is all but a foregone conclusion.
France being the "youngest" industrial and agricultural power in the EU while Japan, having survived - so far - their own demographic apocalypse, will have ring side seats to revel in the total and abject Chinese collapse. Germany also "only" lacks any and all domestic energy or food resources (except Sauerkraut), while also beset with a demographic apocalypse that is about to hit its full stride.
eurjpy sell setupas we see we r in a downtrend, so from now we r searching for selling opportunities.
so the best option, for now, is patience, waiting for the price hit the supply zone, and then sell.
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