Eurjpyshort
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
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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 .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.
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🙌