EURJPY: Structure Based Short

FX:EURJPY   Euro / Japanese Yen
197 8 6
Analysis on chart!

Up into a zone where we have seen rejection previously... Structure support turned resistance along with minor dynamic resistance...

We have Harmonic Legs completing here along with 1.27, 1.414, 1.618 Fib Extensions and a 1.618 Fib Inversion, and pressing Overbought conditions on the RSI ...

I will use my entry TF which is the 1H to see if i can get a strong enough signal to enter short here...

At the time of writing this price is looking to push this area so we will see if there is any selling pressure here...

Conitinue to press the like button if you like this idea and comment away with any feedback and or constructive critisism!

did you take this trade and have you checked 1h TF? isnt it a false break and divergence on RSI bcs it is good analysis
+1 Reply
SmartTradingFX korhancakir
I did get an entry on this and was short this pair... I was unfortunatly stopped out!

Thank you for your kind words sir!
market again unfriendly. your system is already good.keep spirit.
+1 Reply
SmartTradingFX agungmahendra
Thank you for your kind words!
I think prices will occur rejection. and surfing down...
SmartTradingFX agungmahendra
Would be nice
Cheers! Price is looking fairly strong as we speak so no entry as of yet! Looking for a big rejection here...
good luck brother..
+1 Reply
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