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Eurjpyshortrtade

EURJPY; Trade what you see, not what you think!(It is time to start a fresh EURJPY post - once again -, the previous one(s) having grown too long to remain practical.) The Weekly - With special attention to the two, most recent Hammers; The Daily - With it's completed H&S, including the neckline break; (All the visible patterns were also updated on these charts due to some earlier inaccuracies - misalignment - which snuck onto the previous versions of these charts - mostly on the higher time frames.) Actively looking for a SHORT Entry here! (if not Short, yet.)
by Nemo_Confidat
2
EURJPY Short Bias .Waiting for Pullback for Short Entry. UpdateHey Guys! As you know, I'm currently waiting for a pullback to at least 131.67 for a short entry with the stop loss at 133.68 and the main target at 114. 40 . Here's an update! On the left side of the chart this was consistently short term short strength confirmed by upward trendlines break outs and no immediate breaks back in. ( No---! For I want long strength to kick back in for the short entry!) Then in the middle of the chart, price began to base out with consecutive 1h downward trendline break outs and no immediate breaks back in. ( Yes!! For short strength began to wane a bit!) Soon after the 1H chart began confirming long strength with the upward trendline break out and immediate break back in. (Double Yes!! For long strength kicking back in!) However, at the recent 1h highs, price is giving mixed signals. A 1M Fake Double Top that went its target height.(Showing short term short strength) and moreover, a 1h upward trendline Break out, but no immediate break back in. (Also showing short term short strength) However, if there was truly short term short strength, the 1M Fake Double Top's 2nd Top price level should not be hit. So, at the current moment, price is likely to range a bit. Perhaps a NFP consolidation. But for the time being, I'll still be waiting for a 131.67 pullback for a short entry. Moreover, if the NFP release happens to be the catalyst for the pullback, I may give it a couple of days to see if I can get an even better short entry price. Perhaps at 132.67 with the same risk parameters. OK! That's it for the update! Have a great day guys! Ken Disclaimer: This is not Personal Financial Advice.
Short
by TradingForexPriceAction
1
EURJPY - SHORT; SELL the Monthly Resistance here! ......despite the heavy docket next week. (BoJ rate decision, EU data dump, etc.) The upcoming data has a virtually zero chance to fundamentally alter the overall picture, either for the EU or for the BoJ. Much more importantly, technically this is a solid SHORT Entry here with low risk. (Despite the likely volatility.) If the trade is wrong, you'll know it right away. Note: This post also serves as a replacement/update for the previous EURJPY post which was erroneously updated, earlier last week. (See attached)
Short
by Nemo_Confidat
8
Hi traders. Possible bull trap formingHello Traders, Avramis Swing has suggested a possible Bull Trap forming on EUR/JPY H4 Chart @125.774. The Fibonacci levels outline potential targets, with an invalidation level at around 126.729. Let us know your thoughts in the comment section below. We will execute this trade once all our rules are aligned. We suggest keeping this pair on your watchlist. Trade Details Entry: Sell Stop @125.774 Stop: 126.729 Target 1: 125.211 Target 2: 124.256 Target 3: 122.699 Time Frame: H4 Trend: Down Pattern: 11 Overall score: 5 We suggest closing half your position @Target one and moving your stop loss to the breakeven level. Leave the remaining position for Target two.
Short
by AvramisSwing
Waiting EURJPY for retracementPair : EUR/JPY TF : H4 Target : SELL RR : 1/5 Entry : Sell Limit at SWAP ZONE SUPPLY Exit : At the last Swing Low for TP, Premature Exit TP : Price counter break Mid BB SL : Above SWAP Zone Supply Remark EURJPY on bearish rally, however whenever i zoom out to the TF D1, i see that price are already inside the Demand area. However there is no buy call had been triggered since i am focusing for the sell opportunity only. How about others? Mind to share your analysis?
Short
by IqbalFx