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Eurjpyshort

Monday Preview. My trading ideas for this weekHi Traders, These are my ideas for the week for a multiday strategy. Focus on - EURJPY - GBPUSD - AMAZON - MICROSOFT - SPX500 This is my view on this pair for the next days on #SPX500 using my 2 intraday strategies. (I’ve just shared my fully explained 81strategy on Tube) I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You
FX:SPX500
by kitchen_trading
GREAT trading opportunities for JPY pairsI will start with UsdJpy, not because it offers the greatest opportunity, but because is the main JPY pair:) As we can see in the main chart, after the pair reached 115.50 zone resistance it started to correct and found support in the 112.50 zone. After this, the pair has started to rebound but again, has faced strong offers above 114. Technically speaking, we can speculate a head and shoulder pattern forming with a neck-line under 113, also, the rise from recent 112.50 is forming a flag. I expect JPY to be strong in the coming days and weeks and we can see UsdJpy revisiting 112.50 or if we consider the H&S s target, even 109. And now we have the juicy stuff... EurJpy can drop 500 pips Since the beginning of May's 2020 low, EurJpy has had a nice bullish uptrend counting 2000 pips in approximatively a year. After the 134 top in the first and second of June 2021, the pair has started to correct and has broken the ascending trend line in July. After this, the pair has started to consolidate and, in my opinion, this consolidation is in fact distribution. We have a new attempt to go higher in October, which is very well capped in 134 zone and a new and quick drop to 128 support. At this moment we have a double top in place and a break under support will give us confirmation. Considering last week s PA, with the pair quickly reversing with a Pin Bar after FOMC, I see no power in this pair and I expect the break. Such a break has a target of 500 pips and we can have a very good R: R of 1:3 GbpJpy has the greatest pip gain potential As we can see in the chart, here also we have a strong bull trend started with Mid-March 2020 low and, unlike EurJpy's trend, here we have a 3500 pips rise. Also, the trend line break just took place at the beginning of December. After the quick drop of 1000 pips in only 6 weeks, the pair has started to consolidate. BoE rate rise did nothing to change JPY's strength, only creating a spike that confirmes the break of the trend-line and the horizontal 152.50 resistance (these levels are confluent) I expect a break of the 149-150 zone support and the pair, considering its extreme volatility, can drop another 1000 pips to 140 zone. Interim support is 144 in GbpJpy's case. Here we can have a more than 1:4 R: R NzdJpy can drop to 70 Another interesting pair to keep an eye on is NzdJpy (something similar is valid for AudJpy) After the false break above 80, the pair lost 600 pips pretty fast and found support in the 76 zone. The rebound from this support is a flag, and the support of this flag was broken on Friday. Here also I expect a huge drop, and 70 zone could be bears target Interim support for NzdJpy is at 75 Also here, if we target 70 zone, we can reach an R:R of almost 1:3 Best of luck trading JPY pairs next week! Mihai Iacob
Short
by Mihai_Iacob
38
MY 2 TOP BEARISH PAIRS: 1.) EURJPY I always like looking at higher time frame charts because they let me see the whole forest, as only like this I can get a better understanding of where the price is likely to go. And most importantly I like(want) to take a big piece out of major moves as they happen - my overall strategy objective when trading the markets. As we can see on Monthly Chart, the price broke above its long-term resistance line and formed a small double top pattern. This behaviour is very bearish and indicated the breakout is basically a bull trap (all the bulls who chased this breakout are likely to be severely punished when the price suddenly goes the other way). We can see Double Top even better on the Weekly chart where the price has already broke the neckline. However the price has since moved back above the neckiline and it could stay above for a little longer. Nevertheless, due to its Double Top Pattern the price will ultimately move (much) lower overtime. I will be looking for Sell positions on lower time frame.
Short
by Dragon_Ball
EurJpy can drop 500 pipsTwo days ago I said that EurJpy could correct some and reach 130 zone. However, the pair looks very weak and seems like a break of support is imminent. Looking at a longer TF, we can see that the pair has formed a very large double top starting from April, and a break here would confirm the pattern. I'm bearish this pair and I think that the 500 pips target from the double top will be reached in medium term. Sell rallies can be a good strategy and EurJpy above 130 would negate this scenario
Short
by Mihai_Iacob
2