Eurjpyshort
EURJPY SHORT CHART ANALYSIS POSTED ON SUNDAY 21 AUGUST 2022EURJPY CHART ANALYSIS POSTED!!!
Let's see how this pair will perform based on the analysis, I see short the other levels are I didn't posted because it will create confusion to others.
Make sure you do your research and based on your confluence please look for the entry.
EURJPY is in possible sell zone!!EURJPY has formed a reversal pattern on an important monthly level of resistance. On the monthly close, the price had a bounce and from the monthly resistance, it created a reversal pattern with a test of the neckline as resistance. It is a high probability that EURJPY will continue to drop as the market is over-extended to the upside
EURJPYHi Traders,
I am waiting for SELL at maybe Bat pattern level at 4 Hour chart of EURJPY
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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
EURJPY-SHORTEURJPY is near a weekly trendline that serves as resistance.
On the smaller time frames, the 139.000 area seems to be holding along with the trend line. On the weekly TF, there’s been an EMA cross over which signals a possible continuation to the downside. It’s also near my 61.8% fib level, so there’s multiple confirmations that show a push to the downside. It’s just a matter of looking for an entry!
What do you think?
EURJPYHi Traders,
I am waiting for SELL at 2618 pattern level at 4 Hour chart of EURJPY
Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
EURJPY .Wait!!!! Don't Buy for long!!! My view on EURJPY.
after awhile of studying EURJPY, I noticed most SMC traders or most traders are still having a bullish bias due to the unmitigation of a supply that has not happened and price hasn't really get close to the supply In any way.
most traders will agree we're bearish, but a lot will agree that we're on a short term bearish move so they're still looking for buying opportunity when price gets to a demand zone to buy into the overall supply, due to the mittigation of supply that hasn't happened.
but that is totally wrong,!!!!
the main purpose of price going back up or down after every break of structure is to rebalance price, which mean retracement to fill in any inefficient price action or Imbalance, and when price Is done with that it is ready to continue the trend.
mitigation might come in while price get rebalanced at discount or premium pricing, but note,
after price moves from discount to premium or from premium to discount, to rebalance price, and it has started a reversal without mitigation, any zone against the order flow becomes low probability, which means they're likely to be take. out.
This is same on EURJPY daily TF. this mainly happened with the large TF
Time to go short on EURJPY ↘️It's time to go short as my EDGE trade script has said so.
Trend trade identified and entered.
Working H2 timeframe on EURJPY.
Trade details can be found on the chart in printed label.
All the TP values same in label as that's what I'm aiming for on this strategy.
Trade box is tracking the trade.
Want to know how I identified this trade you know what to do.
Last shared idea on this trade hit TP lets see if this one can.
Thanks for looking
Darren🙌
EURJPY Further Rise or ReboundEURJPY will test the nearest supply zone 1 again. Shorting EURJPY is more favor now. However, there are 2 supply area need to be clear before the EURJPY to continue to drop. Daily candle show bearish engulfing which tell is the bear still in control in the market. 139.500 is the key resistance to watch. Breaking this point will cause the price will rise further.
EURJPY SELL OPPORTUNITYHello dear traders. Here my idea to EURJPY . we will expect short term bearish continuation to 135.80 level.
Technical Outlook : EURJPY price breakout from the rising channel. So we expect bearish movement will continue to Fibonacci 0.5 level.
Fundamental Outlook : Euro under pressure as the gas crisis. Volatility index up 13%. So we can expect fear of economic growth that will be cause to strengthen the yen.
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Good luck to you.
This idea does not provide the financial advice.