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TheTradersAvenue
Jan 23, 2023 2:20 PM

EURJPY > A Fantastic Strong Supply Zone for A Sell. Short

EUR/JPYOANDA

Description

Analysis of #EURJPY

Hi traders, today we will have a look at #EURJPY


this is a simple idea I posted similar setups a couple of times before on this pair, you can check the link below, and again the market is so generous and wants to give us another opportunity to get in a very good sell setup

right now I am waiting for the market to push up and test the structure resistance level just near 142.500, and if the market comes and tests my resistance level I will then drop on time frame looking for a reversal pattern and confirmation we turning bearish before getting in a buy trade.

I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one

Thanks for your continued support!

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Comments
ProjectSyndicate
great risk/reward in this trade setup
zoorba37
You are very professional trader.Thank you.Can we have your idea about xau.many of us are xau trader and need your comments for trade.I hope to always be successful. thank you.
FOREXN1
Ranging zone , agree with your possible retracement.
Setupsfx_
Perfecto!
SpartaBTC
Good volatility in this price range. Probability of a significant pullback from this resistance 144$.
Solldy
Pretty detailed analysis. Thank you for your work, colleague! Of course, I miss the candlestick analysis, taking into account the dynamics of volumes, but that would be too detailed)
BKTradingAcademy
Beautiful! I’ll keep it on my watch list. Thanks!
HAMED_AZ
Good job
TheTradersAvenue
@HAMED_AZ, thanks mate
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