The overall trend is bullish. But right now the price is in the state of uncertanty. There are chances that we can see a pull back to the downside as the the price cannot break the upper trendline. So we should act as usual depending on the price action at the moment. Don't forget about risk management and always leave space for little mistakes. Remember...
Welcome to our weekly trade setup ( EURJPY )! - 1 HOUR Bearish price after forming new highs. 4 HOUR Bearish reaction from previous top. DAILY Market turning, good short entries! - FOREX SWING SELL EURJPY ENTRY LEVEL @ 123.450 SL @ 124.180 TP @ 122,410 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment...
EURJPY bounced off 123.110 where it could potentially rise further to 124.744. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
I believe price is about to reverse off this level, we are just waiting for price action to confirm the change Price is being rejected from this level but we wont enter until its confirmed
EURJPY bounced off 122.542 where it could potentially rise further to 123.345. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
With a structural analysis we can see EURJPY is going down and its a zone.
EURJPY reversed off its resistance at 122.098 where it could potentially drop further to 121.041. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Looking to SELL EURJPY in SELL AREA and to close position in TP AREAS (+30 PIPS) Entry Criteria: - Execute on price action, reversal candle/ signs of exhaustion - Apply risk management according to your trading style Trade Safe
EURJPY is approaching its resistance at 122.208 where it is could reverse down to its support at 121.203. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Now we are shorting this to 121.400, I am expecting price to retrace a bit off this level then we will look for another short entry
Price has reached a key level where it took a fall to support previously, waiting for price to show signs of rejection and to break the trendline before shorting to support
Sell limit 121.070 SL at 121.460 TP1 at 120.680 TP2 at 120.330 TP3 at 119.900 TP4 at 119.500 Note! Cancel/pending plan few minutes before news! (Medium/high impact news) Disclaimer The content on this analysis is subject to change at any time without notice, and is not provided for assisting traders to make decision.