Eurjpyshort
EURJPYLooking For A Sell EURJPYLooking For A Sell
Moving from consolidation into engulfing sell out into a flag pattern retrace back up to the imbalance area touching one of my fib levels i call in my Fire Zones nicely to the Pip - Moving out and away from the flag creating a new lower low fibs then drawn up to create my money zone for the POI entry point which also has imbalance to mitigate upon the retrace target area is at a swing low from a past area of POI
EURJPY short is go 🙌EURJPY short trade alerts.
Trend trade identified and entered.
Working H2 timeframe.
Trade details can be found on the chart in printed label.
Trade box is tracking the trade.
Trade in slight draw down but I stick to my trade plan.
Want to know how I identified this trade you know what to do.
Thanks for looking
Darren🙌
EURJPY Short continuationHi traders,
As you have come to learn we are all for collecting easy money. Why go for complex signals that could go either way? Today we are looking to take advantage of the EURJPY bearish movement to support. I have my trend line at a key level using our blacksheep strategy. It is clear now that we are going to retest our support allowing us some profit on the weekly timeframe.
Disclaimer
NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
EURJPY ShortAccording to the higher timeframes (D,W) the price has formed a rising channel, hence a major indicator of a potential bearish pattern, and the price touched the upper trendline, retested it and now formed a bearish confluence. The price touched a major support zone, bounced back up/ pullback, but the bearish confluence is still strong. The price might be rejected at zone 138.2 - 138.9, then it maybe a bearish movement. I predict that the bears will get an upperhand. My entry point is 138 with stoploss at 139, just above the market major zone.
Entry - 138.0
Sl - 139.0
Tp1 - 137, Tp2 -136 , Tp3 - 135
R:R is 1:3.
Remember, only risk 1 - 2% of the account.
EURJPY SHORTAccording to the weekly timeframe, there has been formation of a rising channel, which is a major indicator that the price might have some bearish potential. The price touched the upper trendline twice, before retesting the zone again. The price bounced off, formed a new lower-low, then right now it is in the pullback zone.
According to the chart pattern, I see that the price might have touched the higher low and we might see a significant drop from that. IF the daily candle forms a bearish candle either today or tomorrow, there might be a bearish rally that might follow after that.
The entry will be determined by the lower timeframes (1H and 4H timeframe).
The stop loss is placed slightly above the major market / resistance zone.
Entry @ 141.1, SL @ 142.4 TP 1 @ 139.7, TP 2@ 138.3 and TP3 @ 136.9.
Remember, risk only 1-2% of your account.
is eurjpy forming a messy H&S?on the 8 hrs we can see eurjpy establishing a downward channel which, i have reasons to believe is forming, because of Europe's instability & inability to control inflation
i.e. on a broader look on the 2 day we can see eurjpy finish forming the head
key points:
. with the breakout of the jpys we see extreme volatility
. market tends to react strong to opec and largard meetings
. ecb aggressive rate hike to combat inflation spark concerns to whether they downplayed it
. due to its extreme volatile nature trading it on the 8 hrs would reap most profits
take away:
. after the breakout we see eurjpy reaching a high of 144 however failing to break it 3 times which establish a roof/head
. it later found support @139 to retest the high of 144 which it failed to break
> a 139 was created when Ecb hints at a rate hike
. after rejection @ 144 we see it found support @137 to go as far as 142
> 142 rejection was created when Ecb implement a very aggressive rate hike of 50 points which sparks the question, will this aggressive hike spark a recession?
. with that information we can draw our channel line to see that price is down trending with resistance of (144, 142, ???140-138) and support of (139, 137, 135)
> i.e. an interesting look at this chart is that price breach 135 but did it form the head and is this final trend bounce the right shoulder?
outlook:
. if price holds 135/136 we can buy and hold to 138/140 where the counter trend line is
. if price can't maintain 135, we sell right to back 133 which will be current support previous resistance.
> then wait for confirmation to buy up to 138-140 after, we wait to see rejection to sell back to the 133 support
. if price holds 135 we buy up to 138-140 then wait for rejection to short back to 133
. after price does this we wait for more information to see whether price will hold 133
is eurjpy forming a downward channel?on the 8 hrs we can see eurjpy establishing a downward channel which, i have reasons to believe is forming, because of Europe's instability & inability to control inflation
i.e. on a broader look on the 3 day we can see eurjpy finish forming the head which i will publish after
key points:
. with the breakout of the jpys we see extreme volatility
. market tends to react strong to opec and largard meetings
. ecb aggressive rate hike to combat inflation spark concerns to whether they downplayed it
. due to its extreme volatile nature trading it on the 8 hrs would reap most profits
take away:
. after the breakout we see eurjpy reaching a high of 144 however failing to break it 3 times which establish a roof/head
. it later found support @139 to retest the high of 144 which it failed to break
> a 139 was created when Ecb hints at a rate hike
. after rejection @ 144 we see it found support @137 to go as far as 142
> 142 rejection was created when Ecb implement a very aggressive rate hike of 50 points which sparks the question, will this aggressive hike spark a recession?
. with that information we can draw our channel line to see that price is down trending with resistance of (144, 142, ???140-138) and support of (139, 137, 135)
> i.e. an interesting look at this chart is that price breach 135 but did it form the head and is this final trend bounce the right shoulder?
outlook:
. if price holds 135/136 we can buy and hold to 138/140 where the counter trend line is
. if price can't maintain this region, we sell right to back 133 which will be current support previous resistance.
. after the price goes back to 133 we take profit and wait for more information to see if price will break this neckline
⁉️ EURJPY - Market AnalysisHello traders!
⁉️This is my analysis on EURJPY .
Here after price broke the structure I expect a retracement to fill the imbalance and a rejection from bearish orderblock + mid figure 138.500 to continue the sell-off.
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2022/8/3 11:49 EUR/JPY analysePivot Point: 135.6
Currently: Resisted at 135.1 and retraced back to 134.8
Reaction: Consolidating at this 135.9 level , its next support zone is at 136.5
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EURJPY, Clean price action.Hello Traders,
Looking on the HTF we can see that the price is approaching the lower boundary of bullish continuation structure which has already made multiple swing highs and swing lows. On the LTF, price is correctively moving within a developing descending channel. I will only be interested in taking this trade if we get a reversal impulse followed by a LTF continuation correction to show bullish momentum.
Trade Safe
Thanks.
Eurjpy at correction mode We are still at correction wave of ABC and soon will see bullish move will be active,we’re not recommend take a trade at any correction move inside the correction wave,if we’re safe then we can do take a trade,most important safety first take care of fund first trade second.I indicate red arrows with buy and sell are a.
Have a safe and profitable trade
Any question please comment below.