Eurjpytrade
EUR/JPY : SWING PRICE ACTION - PRICE IS GROWING ! LONG SETUP ⚡️Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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EURJPY: Two Trading OptionsThis is an illustration of the two potential trading scenarios that may present themselves in this region.
Option 1
Price fails here after wiping two previous high liquidity points and comes back to mitigate buyers before rising again.
Option 2
Price pushes higher to regain liquidity from some long term sellers before continuing bearish down to the structural region.
What option are you going for?
EURJPY-Short#EURJPY
Market has pushed back from resistance level.
In daily timeframe market is repeating history.
Looking forwad that pair will form Heada&Shoulder pattern.
At the same spot i am seeing descending channel and currently market has pulled back into it from resistance.
So all things supporting strong sell. Don't miss opportunity.
EUR/JPY:DOWNTREND|FIBO PULLBACK|PRICE ACTION+NEXT TARGET|SHORT🔔Like a photocopy of EUR/USD, thanks to the principle of correlations, we have a very strong positive correlation of these two pairs and so we can see how EUR/JPY consistently follows the chart of its Major EUR/USD which is the reason why in recent sessions we have seen YEN take breath on the EURO having sessions with bullish impulse. Nevertheless it is obvious to say, just look at the chart, notice the pair a bearish moment, within a Bearish channel with the further confirmation of 21 Jul. by the crossing of the two simple mediums 50+200 "Death Cross ". The Stochastic indicator is in Overbought with divergence. A further sign is the presence of the Fibonacci retracement level that acts as a dynamic resistance in the last sessions with the 61.8% level acting as a key Pullback for the price. In our opinion, the price, noting all the attention described above, will continue to fall immediately.
Can bears gather enough power to force the EUR/JPY into its horizontal support area?
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.
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.