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EURJPY – Sellers on the way to test lower levels
Trend: Sell/ Neutral
Support/Resistance:
R4: 122.496
R3: 121.361
R2: 120.900
R1: 120.774
S1: 119.947
S2: 119.230
S3: 118.496
Price action:
At the momentu Eurjpy currency pair is between decisional are. This trade might take time to decide bullish continuation or bearish trending reversal. To follow this trade, we can say that price is still in buyers territory but bears are headed to achieve following target. If price will go berish way, then sellers have to broke first support and then they are going likely to test 118.496 strong buyers level. If the price get denied, then we can fall into a range flow for a while.
Potencial trade idea:
Bulls targets:
T1: 122.496
Bears targets:
T1: 119.947
T2: 119.230
T3: 118.496
NOTE – We are trading EURJPY via the preferred trading setups by EliteFxAcademy
Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education
Good trading!
Elitefxacademy
Use our free analysis where you have everything you need for potencial trade ideas and profit.
EURJPY – Sellers on the way to test lower levels
Trend: Sell/ Neutral
Support/Resistance:
R4: 122.496
R3: 121.361
R2: 120.900
R1: 120.774
S1: 119.947
S2: 119.230
S3: 118.496
Price action:
At the momentu Eurjpy currency pair is between decisional are. This trade might take time to decide bullish continuation or bearish trending reversal. To follow this trade, we can say that price is still in buyers territory but bears are headed to achieve following target. If price will go berish way, then sellers have to broke first support and then they are going likely to test 118.496 strong buyers level. If the price get denied, then we can fall into a range flow for a while.
Potencial trade idea:
Bulls targets:
T1: 122.496
Bears targets:
T1: 119.947
T2: 119.230
T3: 118.496
NOTE – We are trading EURJPY via the preferred trading setups by EliteFxAcademy
Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education
Good trading!
Elitefxacademy