Get started

Eurjpyshort

20 reasons for Sell EURJPY 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: Multi years Sideways market current candle bullish and tao upper side resistance 2 📆Monthly: Rejected by monthly Resistance, and the current candle is Bearish 3 📅Weekly: Clear Up trend, but the price is Corrective phase now 4 🕛Daily: structural bear toward FVG or Ob 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: Bear 6: 2 Pattern Candle Chart: Big Doji /higher low lower low 7: 3 Volume: good Volume at selling candles 8: 4 Momentum UNCONVENTIONAL Rsi: Sideways 9: 5 Volatility measure Bollinger bands: Below middle band bearish w type formation 10: 6 Strength ADX: strength in for bearish side 11: 7 Sentiment ROC: Currently, JPY perform well against Eur ✔️ Entry Time Frame: H4 12: Entry TF Structure: Bear 13: entry move: Impulse 14: Support resistance base: rejected at previous Resistance 15: FIB: Done trigger event ☑️ final comments: Sell right now 16: 💡decision: Sell 17: 🚀Entry: 144 18: ✋Stop losel:145.2 19: 🎯Take profit:140.8 20: 😊Risk to reward Ratio:1:3.5 🕛 Excepted Duration:5 days
Short
by Optimum369
EURJPY TRADE! +9.76%Hello traders around the world! My name is Alexandre Karim. I want to talk about the trade that I took on EURJPY + How I planned for it. First of all, if we go back to the Monthly or Weekly chart, we can clearly see that the price reached a mass psychological area around 147.900 / 149.000. A big ascending channel is formed since 2009 & the price is moving up correctively since March 2020; Which means that the gravity is to the downside. I was planning to take a short position on that pair. On November 22 (One day before taking my short position), I noticed an ascending channel with a clear upper TL + multiple touches. I was waiting for the 4th touch on the upper TL and wait for a reversal pattern in this area. On November 23, the price reached the upper TL & I took a short position on the 15 mins as a consolidation (Mini ascending channel) Moved to BE when the price reached the lower TL @ around 145.077. Closed my trade at 143.954 (Locked above 1H correction) & out from this trade with 9.76% profit.
Short
by alex_k_95
EURJPY: an upcoming BEARISH CONTINUATION?Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the EURJPY, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: In HTF, the market reached and broke the previous swing high level, forming a series of LTF reversal structures which could be a sign of market reversal and shift of momentum from bullish to bearish. Overall, in LTF we can see a formation of a head and shoulder pattern and the price is currently correcting inside the right shoulder. When, where and why would we step into the market? In the scenario of breakout to the downside, there is a high probability to see further bearish continuation, targeting the level at around 141.00, about the previous swing low. The setup would be valid if the price broke impulsively and correct once out of the current corrective structure. If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
22
Selling EURJPY at previous support.EURJPY - Intraday - We look to Sell at 146.20 (stop at 147.10) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the downtrend returns. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 143.70 and 141.70 Resistance: 147.25 / 151.00 / 155.00 Support: 144.30 / 141.70 / 140.10 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
eur/jpy is involved in the support area of the daily time frame We have two scenarios ahead Weakness on the rise and fall to the next support level Weakness in the fall and failure to break the support level and rise to the next resistance To move in the direction of each of these scenarios, we must be patient until the daily candle closes Because this support is the daily time frame support In your opinion, which scenario is more likely to happen? In your opinion, which scenario is more likely to happen? In your opinion, which scenario is more likely to happen?
by aligheysari73