Head and Shoulder - Trend Reversal EURJPYHi,
Trend reversal pattern formed in EURJPY. Head and shoulder.
Complete breakdown is also observed with high volume, confirming the trend reversal.
Your opinions are welcomed.
Thanks.
Shorteurjpy
Short EURJPY from strong support / resistance zoneI will go short EURJPY when it reaches 128.68. There is a strong sell-off and strong selling activity with strong volume so I expect this support / resistance zone to be respected. I look to get 45 Pips from this trade
Short EURJPY from strong rejection of higher prices on 4H graphShort EURJPY from strong rejection of higher prices on 4H graph. Going short from the level that has acted as a strong support zone - in elipse This should act like resistance when price reaches this level.
EURJPY Losses its Steam, time to sell EUR!FX:EURJPY is Around the Support of 128.36 on the 4 Hour Chart. If it pierces through, that signals a Short on the Pair.
Stop Loss: 129.40
Take Profit: 127.30
Eurjpy Short advice on strong ResistanceEurjpy Trading around daily Strong Resistance it can drop from current level or from 123 level as hold below 123.5 we can see a corrective move toward 118-119 level
Advice to sell in range of 122.3-123.5 SL above 124.2 TP 118
EURJPY : Short setup in Resistance zoneIf we get valid bearish confirmation in resistance zone, we can initiate short positions in EURJPY. Stops and Targets mentioned in chart.
Happy Trading !
Looks like EURJPY reversed little earlier than expected... we may miss trade if that happens
