⁉️ 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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Eurjpyshort
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.
Bearish EURJPY - 28 July, 2022After consolidating in a large range for several weeks, in mid July this pair made a lower high. Now price has broken below an important support located around 137.250. I am expecting the bearish trend to continue, hopefully after price pulls back to the area of previous support.
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Always use sound money and risk management and stay patient in all your trades .
EUR/JPY Trying To Do As Last Time Broke The Supp , Let`s SeeThis 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.
WILL EJ Fill That Imbalance?In This set up i applied my 4WD Strategy Formula.
It's based on Objective patterns that the algorithm throws before a move Short or LONG.
In this scenario we are looking for the short.
Four Wick$ and Drop is simple and self explanatory.
When you chart excellent and accurate STRUCTURE you can formulate your own objective formulas and strategies to extract as many PIP$ out of the Macro Moves at the start with little to NO draw down.
This is the Sniper Way!
Never over leverage. This allows you to alway stay in the game.
Trust your trade set ups. Just because they don't manifest immediately: always remember it takes time for an oak tree to grow. But when it does it's BIGGER than all of the other trees:)
Same with your trade set up. Give it time to grow and mature into your set up. Don't dig the seed up before it blooms.
Last but not least: HAVE FUN!!!! We are in thee BEST space in the WORLD! We are navigating a 6 Trillion Dollar Market daily. So GRATITUDE is a way of LIFE for the Sniper.
Now let's see how the algorithm follows the script!
Week6 - EURJPY | Fibonacci ChartingTaking a short sell trade on Currency pair EURAJPY as new HH formed with evening doji star and candles will test 23% fibonacci level and there support as well near fibonacci level. Take profit and stoploss defined with respect to support and resistance and fibonacci level.