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Eurjpyshort

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
Outlook on EURJPY: Bearish play seenOn the monthly time frame, prices are testing a key resistance level at 136.80 where we could see further downside below this level. On the H4 time frame, prices are currently testing a key resistance zone in line with the 76.4% Fibonacci retracement, descending trend line and 78.6% Fibonacci extension. A break below the M15 demand zone at 136.00, would provide the bearish confirmation for a further drop to our support target at 134.00. Stochastic is seeing a bearish divergence and testing resistance at 98.30 as well, supporting the bearish bias.
Short
by shermzT
SELL EJ FOR 900 PIPS, MARKET CRUSH!!!From the day timeframe, we can see a perfect head and shoulder from the legs of 7th March, 2022. head got cupped at 138.31/136.78 (not expecting a buy into any of the listed zones above). A sell into 130.100, other way round a possible sell into 125.58/124.40 to complete the second leg! * Price bounce at 133.210 has been completed. Hence it now serves as a breakout price point of sell for EJ!!! --- From the 2H TF, descending triangle formed with a prefect entry. waiting for it to be completed at 125.60 Hence, we're shorting EJ to a RR of 1:7.4, perfect risk to reward ratio! NB: red box--rejection zone blue box--breakout zone yelow box: demand/supply zone
Short
by DAdepa
2
EUR/JPY: Short Tendency intactWSI KEY Reasons for Short Tendency: - break of structure - first lower low sind March 2022 - POC & ultra high volume sell zone - Re-test of BOC + POC zone - 200er MA H4 sell zone JPY buying likely to continue during stock market sell-off. EUR weakness likely to also continue due to hesitancy of ECB to raise rates + Russia/Ukraine situation. SLs should be set above break of struture level (see chart). ✅ Check my Bio --> Daily Setups Meikel & Team WSI
Short
by WallStreetIntelligence
2