Shorting EURJPY is a good idea rn Shorting market, SL 2x closes above 120 (un-separated by a reversal candle)
targets are the white lines
Eurjpytrade
POTENTIAL BULLISH PULLBACK BEFORE SELL OFF EURJPY is showing a potentially great setup. Price still has some bearish momentum before it finds some support and the marked grey line. From this zone we should potentially expect a pullback, maybe sharp or flat correction. Should price move to our marked entry point, there is potential for our set up to move bearish to our take profit zone. Stop loss level invalidates this pattern.#=
No more than 2% risk should be taken.
eurjpyEURJPY clean chart and simple strategy. dont over complicate your charts, keep it clean and simple
EURJPY Market Outlook | Daily Forex Market BreakdownEURJPY
I’m not liking how this is looking. A bit to choppy for my liking. EURJPY is floating around support it will be key to wait and see if support is going to hold or if we are going to roll over to the downside. Seeing a clean rejection off the 78.6 fib right now. Staying on the sidelines for now.
EURJPY at critical Support LevelEURJPY has reached a very important Support Level. Although I expect a bounce here, a breakdown can not be ruled out as well.
If price rebounds from the Support Level, we could see 119 very soon.
But, a breakdown below this all-important Support Level could be pretty catastrophic for the EURJPY Bulls.
EUR/JPY, Best Place for Sell Entry Japanese Yen has been showing us it's power this week and it looks like big players are accumulating volume before they can break this strong Level and the price will drop again heavily.
EUR/JPY ; Buy on the Bottom of Structure on The BottomWe can see Reversal upward after test his prev low.
ThankYou
EURJPY 4HR. Price at Buy-Zone; Long w/ Confirmation OR Counter! Failure/ rejection at Buy-Zone could see retest of trendline through lower targets:
116.663
115.602
115.221
113.389
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EURJPY POSSBILE BREAKOUT DOWNWARDSEURJPY possible breakout downward since EUR is very weak during this period of pandemic.
EURJPY Long Opportunity1st bullish target 119.6
SL 118.26
If price clears 117.9 I'll look for downside opportunities back down to 116.5
EURJPY technicaly based forecast
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💡 EURJPY technicaly based idea, technicaly indicators showing we can expect higher bulish market continuation, we can see good bulish candels formation, price is break fibo 0.382 which can represent strong support, expecting to see push in price till 0.6 FIBO on 0.6 FIBO is and next support line.
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