I think the price is ready for a downward movement in the monthly timeframe In terms of time, three bullish cycles have ended and the price is ready to decline Take the time cycle seriously Overlap of time cycle and price cycle
Hello,Friends! The BB upper band is nearby so EUR-JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 156.868. ✅LIKE AND COMMENT MY IDEAS✅
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for your support
Focusing on the return towards the weekly support at this point. There is a clear rejection from here so I will look to short from this zone.
My first and second entry were all very bad because the correction wasn't over. But I guess here it's now. Let's ride!
waiting Let me know what you think In the comments! My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills.
Looking to go Short on Eurjpy below 158.00 targeting support levels 157.222, 156.862, 155.801 with stops above resistance 158.555
EURJPY Structure to Long. Nice potential. Structure is HH/HL
Here we are taken buy base on trend you can see that the market is going uptrend and i also use the support and resistance to enter so right here were are going for long .
Price took me out on the previous published trade, but had to re-enter because it is obvious my stop loss was very tied and the price went back to retest the pettern.
The market is currently bridging a divergence between two bullish trendlines. The pair is continuing its ascent towards absolute highs; at the moment, it retraced to the lower part of the divergence, where we have a Hidden Bullish Divergence (HBD) on the H1 timeframe. This zone could potentially trigger an immediate price increase towards the upper part of the...
My view on EURJPY: The price formed a Doubt top pattern, which is a reversal pattern. And that happened in a correction phase right after the break of an ascending triangle on the 4h TF. I'm expecting the price to move downward impulsively. A very Risky Entry but high Reward.
Hello,Friends! We are going short on the EUR/JPY with the target of 156.790 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
EURJPY last week was seen at the start of bearish, it has not been proven that there is a big bearish trend, this bearish possibility is just a correction. you can take a chance with the boundaries of wave B in the QM area. use the right money management to trade in this pair.
Hey Traders, in the coming week we are monitoring EURJPY for a buying opportunity around 157.700 zone, EURJPY was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 157.700 support and and resistance zone. Trade safe, Joe.
EURJPY sell in my view. Strong move break structure. i think now consolidation and than slowly slowly down