Eurjpyshort
EUROPE / JAPAN Technical AnalysisAfter carefully plotting both Daily Highs and Lows I was able to determine the DAILY Channel.
From there, I used the AM All-In-One Indicator and Ray Tool to create a channel from the HH and LL.
This created an upward trend and a flawless channel that was validated through a Fib Channel .
From there, I used a Fib Retracement to find a perfect entry.
All this was also validated by Fundamental and AlphaMind Analysis.
@alphamindtrading
EURJPY | BULLISH BIASEURJPY has been facing minor resistance at 143.000. If the price successfully surpasses this level the next resistance lie at 144.200.
We think the momentum looks pretty strong and the price will break all levels.
The immediate support lies at EMA100 and the rising support level
EURJPY Potential Symmetry 4h1. Fib Channel - price action potentially inside of fib channel
2. AB=CD - potential AB=CD structure inside of channel. AB handle of 95 bars, potential symmetry with CD handle of 95 bars
3. Fib Projection - AB handle with 100% fib projection, CD handle potential 100% fib projection
4. Date & Price Range - symmetry between the 2 bearish moves within AB handle (25 bars/6days + 526 point drops). Potential symmetry between 2 bearish moves in CD handle
5. Price Target - watching bearish push down to resistance turned support and all of the above CD handle projections at 137.20 - 138.00 range
EUR/JPY Giving Good Bearish P.A,Made Double Top , Time To Sell ?This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EURJPY: Time For A Correction ✅Most XXXJPY pairs are well overdue a correction, this does not mean they will turn bearish, it simply means a correction is needed to gather more liquidity before shooting off again.
Ideally, I would like to locate sells from the daily established supply. However, I won't rule out the possibility of a final liquidity sweep above the high before sellers enter.
Alerts have been set and the team will be notified when the time is right.
Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬
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