My analysis on EURJPY is very simple. Last week the market broke below it's lower by making new lower low, but last Friday it pulled back with a bullish movement and secured a close above the pevious lower low. Next monday morning i am hoping that the market may push back down to 130.30 area and if changes the structure it am going to look for the market to go...
I expect a reentry on the 61.8 fib extension and continuation to the upside.
On the EURJPY H4 time frame we can the Bull run start since October 2020 with an uptrend channel which is recently broke out downside. After the clean breakout, it's already retesting the price and make a good view double top to get a clean conformation of Sell.
LOOKING AT THE NEXT MOVE FROM EURJPY THIS WEEK
I try to make Every thing Simple and Self explanatory in The Chart. Thank you for Watching My Trading Idea.
Currently the price is consolidating between supply-2 & demand area. In the chart i have pointed out the major supply & demand levels. My bias is still bearish because market is still making lower low and will continually drop unless it breaks the downtrend market structure. However, it can continue to consolidate unless it breaks out from the demand area and...
Gday Guys. How you are guys doing? Today let's analyze EURJPY As projected previously, this pair forming a bearish trend. Let's see what trading idea we might able to pocket in EURJPY. We looking for a short position waiting for the market to pull back from the previous drop reaching 131.800 to 131.900 zone. This will be our possible entry with 21 Pips Stop...
Hello Traders! Check Related ideas for market context! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the...
EUR/JPY has slid below the 100 hour moving average level thus risking a deeper pullback. Selling the rallies in EUR/JPY remains the preferred approach. Traders can look to execute new sell trades@131.85-132.20 with SL above 132.50 and TP at 130.
Hello Traders! I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action. Thanks for the...
euro jpy is showing bearish momentum and market is back at the support now turned resistance for retest of the broken structure look for bearish confirmation on lower time and enter short with your own money management always remember patience and discipline are the keys to become a successful trader in Forex
Just like the situation on our GBPUSD, we experienced a 300pips move in our direction since my last publication on this pair (see link below for reference purposes) and with the present market structure, it appears we are at another juncture that "screams" for a selling opportunity. Even as a momentary price increase is envisaged on this pair considering the...
Using a Fire Box Swing Area i'm looking into supply and demand to catch a move to the down side Keeping my charts super clean and simple What are your thoughts ? Let me know all comments welcome
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions