Euro is weakening heavily and JPY is looking still very bullish. From technical perspective, this is great opportunity for seller to go in and start adding to short positions.
Good trade this. Price action pushed up to a major level with a bearish engulfing candle printed on the 4h chart. RSI also overbought position. We might see a double top but yes, it looks a good shorting opportunity. Please have patience on this trade and there are plenty of pips. Let me know your thoughts. Trade safe and good luck.
Time = 1H – Structure = Downtrend – Pattern = Head & Shoulders – Tendency = Downtrend ** Await market for Neckline breakout Time = D – Structure = Downtrend – Pattern = Downtrend channel – Tendency = Downtrend ** Above Chart indicated with Heikin Ashi FOR CLEAR VISION GOOD LUCK ----------------------- Disclaimer: Forex trading and trading in other leveraged...
Going to see how price reacts around the area when it reaches the trend line low.
Price looks to be respecting the key 61.8% level of the down move. I expect price to continue to respect this level as the fifth wave is over extended and is overbought. Anticipating the down move to continue from prior to the pull back.
Happy we are, today our target just hit by Mr Price. Mr Price is still in an UP TREND moving, and has consolidating in STRONG RESISTANCE AREA. How about BUY NOW..? I do not recommend, bro.. I think Mr Price will have two scenarios. Climbing up into our SELL AREA and then falling down. Like usual, I like to create a trap: SELL LIMIT with SL at 121.260 and...
EUR/JPY SHORT OPPORTUNITY (4 HOURS):
Hey tradomaniacs, welcome to another free trade-plan . Important: This is meant to be a preparation for you. As always we will have to wait for a confirmation. Market-Sell: 119,585 Stop-Loss: 120,100 Target 1: 118,920 Target 2: 118,500 Target 3: 118,190 Stop-Loss: 51,5 pips Risk: 1% Risk-Reward: 2,65 LEAVE A LIKE AND A COMMENT - I appreciate every...
Please Follow My profil to get the forex ideas>> @PublicSquareFX EURJPY
EURJPY expected to rise up to 1st resistance at 118.705 where it could potentially react off and drop down to 1st support at 116.667. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.