||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
Eurjpytrade
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)
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
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
EURJPY ShortWe find the EURJPY graph as we can see it has broken in a very strong way the 125.37$ resistance and most probably it ends up reaching the 125.11$ resistance. From there we will wait for the next candles to analyze the different patterns, but what happens possibly is a correction, so my recommendation is to sell until 125.11$ and buy around that value always with a nearby SL since this second operation is a trade with some more risk.
EUR/JPY could FALL!Hey tradomaniacs,
EUR/JPY has been very tricky recently as EURO-strenght wasn`t really able to help EUR/JPY to rise.
JPY was pretty chaotic due to mixed fundamental circumstances, but considering that JPY is actually a save haven we can expect EUR/JPY to drop in a risk-off-scenario in the stockmarket.
The problem was that correlations have made less sense since CHF and JPY were rising with stocks as a hedge.
We might see that correlations finally make sense again, which means that EURO would suffer due to DXY-Strenght.
However, technically we have seen three fakeouts above the range, indicating either stop-loss-fishing or fake-moves in order to attract more buyers to spend the liquidity big players need to get rid of your long-positions.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
PS: This week I only share my analysis as market-conditions are still weak due to loq volume and liquidity! Will be back with signals next week!