EURJPY: Ready to drop?EURJPY D1: A strong downtrend, with bearish breaks of structure, LHs and LLs. (See Updates)
Now, price finds a bearish order block. Looking for the next LH to form there.
4H: Expecting price to continue to maintain the bearish momentum, form the LH, follow with a BOS to grab the liquidity at the relative equal lows, and form the LL.
Eurjpytrade
265 PIP EURJPY Short Analysis Setup In this trade we see price at a key resistance zone with price breaking out uptrend on the largest time frames. We now treat the Bollinger band like a descending channel. Within this channel we watch price go previous areas of liquidity. Drop A comment saying literally anything to support thank you! Stay tuned for more big boy trades
EurJpy- Continuation to the down side?Since the beginning of June, EurJpy has started to drop, putting in lower highs and lower lows on our daily chart.
At this moment the pair is consolidating in a symmetrical triangle and we can expect continuation.
127 could be a good target for swing traders and only sustained buying pressure above 130.50 would put a pause to this scenario.
EUR/JPY:DOWNTREND|PRICE ACTION+FIBO ANALILYS|SHORT 🔔Welcome back Traders, Investors, and Community!
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EURJPY positionThis entry was simply based on the trendline violation principles. of course other confluences had to be adapted before making an entry.
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are always key
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EURJPY After analyzing this pair starting from monthly time frame, Price has nicely completed 38% Fibo level. Basically price was completing corrections of last bullish impulse. After rejection from 38% Fibo on monthly we have some more confluences on lower time frames. On Daily Time frame price has made beautiful descending wedge pattern. Now waiting for a double bottom pattern on recent structure level to go for long opportunity.
EURJPY ANALYSISAlthough price had been in a downtrend, we have now seen price break above this key level and has already come back to retest it.
We will now move to the smaller time frames to find ourselves some long entries.
Since this might be the start of a new trend, we'll keep targets at a new high that could form along with this trend.
EurJpy- Sell rallies for 130 breakEurJpy has had a strong 7 months bull run lasting till the beginning of June
After breaking under trend line support, on 25th of June retested and confirmed the break and has started to roll back down.
At this point the pair is trading just above psychological 130 support and above 129.70 technical one and I expect a break under and continuation.
I will look to sell rallies for a 127 target and only EurJpy above 131.50 would negate my bearish outlook
EUR-JPY -- Sell Hello Fellow Traders,
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