Eurjpyshort
EURJPY: Bearish PennantEJ is currently at the top of a bearish pennant (Monthly/Weekly T.f) the pattern is also visible on the RSI on the Mly T.f
The next target is 126.800 .
the target after that is 117.740 .
We're currently at a fib level. If price is ever to pick up, it'll do so at this level. But i would wait for a break to the upside, then a restest and continuation before buying ( break and retest of pennant or at least 133.100 level.) the next target if that happens will be 137.400.
Short Vision on EUR JPY for 26/10/2021Hello Dear Traders,
You find below my analysis for EUR/JPY, the currency pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame EUR/JPY will fall to 131.95 as I am showing in my chart. Our Daily Goal is 131,65.
Currently, EUR/JPY is moving towards the resistance level of 132.4,where there is some liquidity from this value we are looking for short-term selling opportunities of EUR/JPY.
Good Luck and enjoy your Bearish Market for today.
Entry:@ 132.4
TP1: @132.15
TP2: @131.95
TP3: @131.65
SL: @132.65
As mentioned on previous posting, we oscillate daily with the market based on Human Behavior and Sentiment.
Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!
Eurjpy we are going downThe area for possible shorts is also a 61.8 fib retracement. Picture explains everything. We have a nice rejection (on trendnline as well) on the last weekly candle too and bearish engulfing on the daily. We need to retrace to 130.500 to find support. New downtrend structure on 1H - 4H