Eyrjpy
EURJPY - Will be deep short again!Dear All,
Last time our blue box gave 300 pips!
Wait for blue box and short again. Pls enter with low size position with wider Stop Lost!
Take Care
Good Luck
EURJPY: bearish chart - entrance to the saleThe price reverses in a bearish movement. It did not reach an annual high and began to decline. The basis of the fall is the border of the channel 127.096. This level consists of price extremes over the past two years. The maximum that the price will be capable of is a small false breakout and a pullback to the correction level of 125.074.
Remember, there is no place for luck in trading - only strategy!
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EURJPY | More DownsidePlease support this idea with LIKE if you find it useful.
Initiate Short.
Entry - 120.068
TP1 - 119.042
TP2 - 118.330
TP3 - 117.750
TP4 - 117.104
TP5 - 116.226
SL - 120.333
Reason: Price was rejected by Pivot Poing and by Ichi Cloud resistance.
-Please consider to initiate a position on a breakout of horizontal support.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=125.85.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=126.3.
TP4: R2=126.5.
Set the stoploss of these orders at breakout of S2=125.65.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=125.65.
In this situation, there is an expectation to reach the target S3=124.8.
Set the stoploss of reverse orders at breakout of S1=125.85.
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EURJPY hit tp1 for +160 Pips. More upside move expected.After price completed this bullish setup, I had an entry at 132.5 with targets at 134.1, 136.1, 138.1 and 140 as price makes effort to complete the 5th wave of the long term impulse wave that started many months ago. At this point, there may be a pullback before price rallies further for an impulsive 5th wave probably. This outlook is invalid at 130.6.
