EURJPY, Big Picture..!T.A Review:
Symmetric Channel Formation
127 seems to be rejection zone
Falling Wedge on Lower TF.
If 127 holds then we'll be dipping hard till
122-123 atleast
Else
If breaks above and holds then 130 incoming.
F.A Review:
Dollar strengthens and Covid can't be ignored.
FED decisions, NFP,ISM and PMI are on the way
as well. Market will be highly manipulative this
month.
Eurjpytrade
EURJPY- Sell Trade Start << Lets WatchDisclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management.
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Thank you for your support!
EURJPY CRASH ?We can see eurjpy breakout the big consolidation as well
and now he just making some pattern like bearish flag
so we can see on my chart
i will waiting for third touch for bearish flag or waiting bearish flag at lower timeframe to execute
the clear chart might can reversal as well
thankyou
EURJPY Price In Asecending TriangleEURJPY Price at the resistance breakout above will send price higher
Price makes same structure as the Ascending Triangle and now touching the resistance here need clear close above the resistance for next upward movement
Price can have resistance here and come down to trend line support zone.
||ARE YOU THE SHEEP OR THE WOLF ? (EURJPY)At first glance when you look at this trade you clearly think its going down , which isn't wrong but its the timing that's off by a bit
over time you will come to realise the same eyes you use to see the market are what every body uses too, and that makes you part of the herd and a sheep
and boy are you destroyed !!
this is what I see yet, many of you see bearish sentiment , my hope here is to challenge your first sight instinct but not deter its initial intent
as you will observe we will be shorting this trade but for now we are looking for buying positions ,contradictory but walk with me maybe I can breach a barrier in your assumptions
expecting a pullback in price all the way back to 126.6x and then triggering my shorts to see some off loading of buyers
EURJPY Drop expectationsSorry for the messy chart BUT:
The blue bars representing strong Weekly Resisitance and support zone's
As seen on the daily timeframe we can see that prices are currently being rejected ( see orange trendline which is drawn on the 4H)
The Fib tells us that prices are currently within the Golden zone (0.618 and 0.5)
Via the 1H Timeframe i personally think prices will drop again and EURJPY will make long runs again like the rest of this week.
We can see on the 1H hat prices are consolidating right now . but i think we can drop back to the 126.150 Support area again and probarly even further down to 125.900 support before going upwards again.
See picture below :
Its a messy chart but basicly pretty simple and logic price action/movement.
Have a great weekend!
EURJPY - big rangetwo scenarios:
wait for a sideways exit)
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EURJPY 1MHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied