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Eurjpyshort

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. 💬 -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! ⬇️ --------------------------------------------------------------------------------------------------------
by AlkalineFX
18
EURJPY - Swing Sells ⬇️Price aggressively pushed away from the key round psychological number of 140 and created a head and shoulders formation. The majority of traders who missed the breakout will have attempted a sell at the EQH's - they have now been liquidated. The only liquidity that remains is the sellers with stops above the right shoulder. I am observing price action around this area, depending on the daily close I may initiate a swing sell. Hopefully, you enjoyed this analysis, give it a thumbs up 🧠
Short
by AlkalineFX
17
SHORT EURJPYStill Short EURJPY at 136.30, Just zooming in on the chart a bit to give a better idea of what we are seeing. EJ is back below the 136.31 Fibbo resistance as well as below the downward trend line which sits ust above that fibbo lvl. We saw it test both of these levels briefly and is now back below suggesting that the top is in place for now. The support comes at 135.50 is lvl (upward trend line of the triangle, and if we break that, we can see a move to 135 and possibly even to 134.
Short
by WhosPipsAreTheseAnyway
EURJPY Trade IdeaIn this chart we're taking a look into the 4Hrs chart and breaking the down the setup it presents. We can see the structure that is in a drop phase with a pullback to the level which was previously a liquidity level. Now what I am expecting here is for price to go around that level to confirm and collect orders that are left hanging around that area. The structure has been broken a couple of times to the down side, leaving us with an Institutional Trap Zone which gives out an idea of what the possibilities of where price might be going from here on. Remember this is just a trade idea and should I decide that I'm going to participate on this trade idea I will use proper risk management and wait for a proper confirmation structure
by The_Sniper_036
EURJPY - Descending ChannelHello Traders, its almost month end and i hope you had a successful trading month. Let's take a look at EURJPY which was in an up trend and later formed a descending channel since April. Price has tested resistance twice and currently for the third time, there is rejection and bearish pressure for a drop to support... So we can see an opportunity to take a sell/short with stop loss above structure at resistance and profit at support as indicated on the chart... For more free analysis, please follow, like and share... Thank you
Short
by bluebellfxtrading