EUR/JPY:DOWNTREND|PRICE ACTION+FIBO ANALILYS|SHORT 🔔Welcome back Traders, Investors, and Community!
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button
Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
Have a Good Day Trading !
Eurjpytrade
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
#Trade_Like_A_Magnate
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,
The full description is drawn on the chart 📈📉
Risk Management and Insurance: * Always risk 1% per trade, no more!
📊 If you found this analysis useful, Please, Like 👍 and share it with other traders.
🔎 Would you like to see more ideas and analysis? Follow me then 😉
✍️ Please share your ideas, views, opinions in comment section with us 👇
Good luck!
Happy Pips 🤩💰🎯
You're welcome 😉
EURJPY Forecast short sellingCurrently the price is consolidating between supply-2 & demand area. In the chart i have pointed out the major supply & demand levels. My bias is still bearish because market is still making lower low and will continually drop unless it breaks the downtrend market structure. However, it can continue to consolidate unless it breaks out from the demand area and hopefully to test the major demand area at 130.00
Traders, I will be glad if you like this idea or have your own opinion about it, write in the comments.
Tuesday: EURJPY - Week 26Hello Traders! Check Related ideas for market context!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
Monday: EURJPY - Week 26Hello Traders!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
4 June: EURJPY bearish play seen Hello everyone!
Seeing bearish momentum on EURJPY here, prices could see a pullback to test the entry which is a key support-turned-resistance zone, in line with the descending trend line and fibonacci confluence levels. In terms of market structure, the support area is broken and we could see a further downside here.
What is your view on EURJPY, are you bullish or bearish on this pair? Write in the comments, I'd love to hear them!