Was waiting for this 4h candle to close before have this confirmation. Seems to be ready now due to this strong bearish candle bellow the resistance 📉
Price came back to retest and get rejected with momentum. Short with RR 1:5. Good luck:)
We wait to come our support again. If it cames we enter Buy
We wait our support to come again we will enter buy .
EURJPY dropped below the strong resistance line. I recommend opening SELL if the price rises to this resistance line. the target is the support line.
Hey traders, here is the analysis for the EURJPY. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
Overall, EUR/JPY is trending downwards. Recently, EUR/JPY broke below the key level of 124. The Japanese banks will be closed next Monday in observance of Respect-for-the-Aged Day. Lower trading volume and volatility is expected during the Japanese trading hours. EUR/JPY’s next support zone is at 121.700 and the next resistance zone is at 124.600. Look for...
EJ has broken out of a range. Price is currently in a pullback. Wait and see if price retests the support and resistance zone before looking for a bearish entry.
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (124.45). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (124.45). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** The role of support has become a resistance when it touches the resistance and does not break it, it may head towards the downside, according to the chart. *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions,...
SIMPLE EASY TO UNDERSTAND TRIPLE TOP PREVIOUS LEVEL OF SUPPORT 15M TIME FRAME 50EMA BREAKUP
🔸 4H CHART EXPLANATION: . . 🔸Price made a double top pattern at the Resistance Zone. . 🔸It has broken the Ascending Trendline). . 🔸We observe that the Support Zone has been also broken. We consider that this pair has potential to make a downside move towards the next Support Zone at 120.500. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
Why get subbed to to me on Tradingview? -TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates EURJPY H2: TOP Distribution/SHORT THE BOUNCE +350...
What do you think long or short? If you liked the idea please follow and give a thumbs up.
UPDATE: Full triple top pattern formed and support broken, price is now falling nicely. This is the only trade i have taken this week, quality over quantity is crucial when trading.