JosePips
Short

EURJPY POTENTIAL SHORT OPPORTUNITY

FX:EURJPY   Euro / Japanese Yen
EURJPY POTENTIAL SHORT

IF YOU LOOK AT THIS CURRENCY PAIR YOU CAN SEE THAT ON THE LEFT HAND SIDE OF THE 4H CHART THE DATA IS DISPLAYING VERY STRONG SELLER MOMENTUM OCCURRING. WHEN YOU APPLY THAT TO RECENT DATA MOVEMENT YOU CAN SEE THAT THERE WAS A STRONG SELLER PUSH TO THE DOWNSIDE LAST WEEK ON THE 4H CHART AS WELL AS A BREAK OF RECENT STRUCTURE. THIS IS SHOWING THAT THERE IS A HIGHER PROBABLE CHANCE OF THE MARKET CONTINUING TO THE DOWNSIDE. KEEP AN EYE ON THE MOMENTUM OF THIS RE-TEST INTO STRUCTURE. THE RE-TEST WILL GIVE A 75-80% BETTER DISPLAY OF WHAT THE NEXT PROBABLE MOVE COULD BE. MAKE SURE IT CONTINUES TO BE WEAKER THAN THE DROP FROM LAST WEEK. LETS BREAK IT DOWN

1D CHART:
*STRONG SELLER MOMENTUM AS WELL AS BEARISH ENGULFING CLOSE ON THIS TIMEFRAME CHART

4H CHART:
*ON THIS TIMEFRAME WE SAW A STRONG SELLER REACTION IN RECENT SIGNIFICANT STRUCTURE
*STRONG PUSH AS WELL AS OBSTRUCTION OF STRUCTURE ON THE 4H TIMEFRAME CREATING A LOWER LOW

1H CHART:
*ON THIS TIMEFRAME YOU CAN UTILIZE THE DATA TO BE ABLE TO GET A BETTER IDEA OF MOMENTUM COMING INTO PLAY BEFORE THE LARGER MOVE HAPPENS
*WATCH THIS TIMEFRAME FOR ACCURACY OF ENTRY AS WELL AS RISK/REWARD RATION COMPARISON

PLEASE LIKE AND FOLLOW MY PAGE FOR MORE PROFITABLE SETUPS! CHEERS!
Trade active: In profit, cheers!
Trade active: Target 1 Zone Reached, Cheers!
Trade active: Target 2 zone just about reached, good trade guys, cheers!
Trade closed: target reached: TARGET 2 AREA REACHED, CHEERS ON TO NEXT ONE!
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out