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Short-setup

EURJPY 27TH marchOn our EUR/JPY chart, I am expecting the breakdown of the higher time frame structure to persist, resulting in an overall reversal of price. Last week, the euro index weakened after being in an uptrend, while the Japanese yen has been performing well for several weeks. This could create an opportunity for a short trade setup for this currency pair. I will be closely monitoring the areas of supply to determine if there is any significant reaction. If there is, we will take short positions, aiming for our recently formed swing low. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading
Short
by PipSurfingSociety
7Am Continuation. Looking for 1.0583 and 1.057It is Likely we will see a Continuation of Momentum. This is due to the previous 4hr candle being a large engulfing candle. It is likely we see more red on the current NY Open 4hr candle, or on the later 4hr candle. Probabilities speaking. Price has Continued to Respect Market Structure on Higher Timeframes ->> Daily Timeframe. 4Hr There is Momentum, alot of red candles, alot of sellers sitting patiently to jump on the train at 1.067 I think they are looking for 1.055. We'll see.
Short
by ShrewdCatfx