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ProjectSyndicate
Oct 25, 2020 8:44 AM

EURJPY H8: BEST Level to SHORT IT TP +325 pips (SL/TP)(NEW) Short

Euro Fx/Japanese YenFXCM

Description

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EURJPY H8: BEST Level to SHORT IT TP +325 pips (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT as I expect more losses.


🔸 Summary and potential trade setup
::: EURJPY 8hour/candle chart review
::: previously distribution and DUMP
::: right now compression into
::: rising wedge pattern
::: expecting new dump soon
::: TP BEARS +325 pips
::: get ready to SHORT final PUMP
::: best ENTRY near 125.00
::: TP BEARS is +325 pips
::: this week expecting more losses
::: SHORT/HOLD and get paid
::: best level is near 125.00
::: get ready to SHORT HIGH
::: BEARS will target re-test of 121/122
::: recommend to SHORT/HOLD
::: recommended strategy: SHORT/HOLD
::: TP BEARS is 121/122 +325 pips
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 121.00 fresh demand zone
::: 125.00 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS
Comments
Saeed966
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thanks for sharing! this is what I see on EURJPY :
ProjectSyndicate
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@Saeed966, interesting chart!
Saeed966
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Thank you. He still has a resistance. If he doesn't break it, he will back off
ProjectSyndicate
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KingzPipz
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I like this setup. Very clear presentation
ProjectSyndicate
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@KingzPipz, great!
vortextrade
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EJ ANALYSIS
ProjectSyndicate
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@vortextrade, thank you for sharing
Guapeva
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good analysis, I agree!
ProjectSyndicate
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@Guapeva, excellent!
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