Eur/Jpy is one of the most favorite trading pair
In this tutorial i am shooing you to how to pattern analysis in this types of market
so make sure you are following me i will give you idea how to use properly candlestick pastern ?
That's all for today having a grade trading expert.
Remarks from author
1)This analysis does not represent long or short trade immediately, it is solely on the author analysis
2)Trade at your own risk with proper lot sizing and follow your own trading plan
3)Risk management is always be the top priority
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Now today we are Going to Discuss about EURUSD.
EURUSD is at strong resistance level and it has maximum chances that it will go down keep in touch i will update further time to time.
Based on the 4hr timeframe it looks like price making a rising wedge pattern on EURJPY.
Right now price hovering below the 121.30-50 resistance area which is previos structure support.
Back then when price touch this area, sellers came in and push price back to the downside. The recent 4hr candle close showin a sign that price looks exhausted and might push it to...
. There is a possibility of temporary retracement to suggested support line (119.95). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. EURJPY is in a uptrend and the continuation of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
July 2 - Update - Short EURJPY -- Trade Entered at 128.85
Original Analysis - June 26 - Below:
The global risk-off move is being fuelled by US President Trump slapping tariffs and trade barriers on two of the world’s biggest economies, China and the EU. And it is against this background that we look to go short EURJPY with the EUR under pressure from tariffs,...