EURJPY Pending order RR 1:3,5 Disc on!
#EURJPY The MArket was moving in a bullish channel. And after breaking out of it. It has also has completed retesting. So there is a very good short move expected next week.
Complete fibonacci retest and short into 130.500.
Welcome to our weekly trade setup ( EURJPY )! - 1 HOUR Slowly droping market structure. 4 HOUR Overall bearish market. DAILY Expecting further downside pressure! - FOREX SETUP SELL EURJPY ENTRY LEVEL @ 131.630 SL @ 132.550 TP @ 130.350 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep...
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.
Last pair for JPY crosses is EURJPY. It is now on area of confluence resistance. Not only horizontal resistance but also EMA-50. If you draw fibonacci retracement from ii to iii you will see we're around 61.8 fibonacci retracement as well. Check my NZDJPY and AUDJPY sell setup as well if you follow this. Sell EURJPY 132.15 Stop loss 132.70 Take profit 129.70...
I find out on the EURJPY H4 time frame reversal cup and handle pattern, which is already broke downside and currently retest the price. I'm expecting more fall from 132.90 prices.
As we can see on the EURJPY daily time frame the last couple of month, Bull keep the market up three times consistently, and the EUR was getting strong against YEN. After the G7 Meeting and Federal Reserve Meeting, the EUR is getting weaker slowly. Now it's time to Bean in the market and makes strong the YEN. In another case scenario, we haven't seen JPY strong...
EURJPY has just tested daily resistance with a nice rejection candle at the 15-minute timeframe. Target projected to the -27.2 fib level on the 4-hour timeframe which is 130.52. Let's see how it goes
EURJPY goes massive bearish due to fundamentals, now its the time to get back to zone.
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
My main target for this pair is 130.500 On the daily we are closing below the previous bullish candles, indicating bearish momentum. Fibonacci targets are 130.242
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
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
It seems to me that EURJPY didn't capture significant liquidity from the first stop loss hunt. Price seems to be pushing up to tap the second zone of liquidity before it hopefully falls into our target area.
I expect a nose dive into the zone marked before buyers begin to take control again and create some new high points.