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Eurjpysetup

EURJPY – Short sell opportunity in progressEURJPY right now is in a interesting area. It has reach the top area in daily TF that got touched at 1st September high (daily inflection point). Whats more interesting is the price got rejected impulsively as soon as it touched the area. In lower TF,now the price is looking like forming a possibly bearish flag structure. If this this corrective structure really shape into a bearish continuation structure in upcoming few hours / days, I will wait for a break of this continuation structure to confirm the move to the downside with SL above the structure. Afterall, this trade is still in forecast, and if the continuation structure failed to form than I will skip this pair for a little while as it havent tagged my ultimate high area for selling at 128.000 For now, lets see how will this pair develop. Good Luck __________________________________________________________________________________________________________________________________________________________________ Here is the MOA FX technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the MOA Fx strategy will trigger. __________________________________________________________________________________________________________________________________________________________________
Short
by moa_trading_journal
Hi traders. Possible bull trap formingHello Traders, Avramis Swing has suggested a possible Bull Trap forming on EUR/JPY H4 Chart @125.774. The Fibonacci levels outline potential targets, with an invalidation level at around 126.729. Let us know your thoughts in the comment section below. We will execute this trade once all our rules are aligned. We suggest keeping this pair on your watchlist. Trade Details Entry: Sell Stop @125.774 Stop: 126.729 Target 1: 125.211 Target 2: 124.256 Target 3: 122.699 Time Frame: H4 Trend: Down Pattern: 11 Overall score: 5 We suggest closing half your position @Target one and moving your stop loss to the breakeven level. Leave the remaining position for Target two.
Short
by AvramisSwing
EURJPY – The completion of Diagonal PatternEURJPY – The completion of Diagonal Pattern and the advent of the uptrend In the daily chart, the Ending Diagonal pattern has been completed in the range of 144.39, and the price has been able to cross the end of the 4th wave (122.84) with 5 ascending waves, and extended up to the range of 127.07. According to this pattern, the target for the uptrend in the first stage is the range of 133. In the 240-minute chart, the price with Double ZigZag pattern has reached to the range of 121.61, we can have this probable scenario in which the 2nd wave is over. In order to confirm the uptrend, the price should be stabilized above the range of 125.08, in addition, if the price crosses the range of 121.61, this scenario will be nulled, and we will probably encounter a Complex Pattern in 2 wave
Long
by NirmataFX
4
EURJPY, daily tf, double top pattern to materializeHello my friends, I hope you all enjoy your weekend and have a great trading week during this US Election week. I am gonna share some setup for you all but before i start, let's review the previous week performance. First position is GBPJPY sell at 136.45 which hit my SL for -70 pips. I lost 2% from this trade Second poisition is GBPAUD sell at 1.8300 which i closed at 1.8060 for +240 pips. I managed to banked 6% profit or 3R Third position is GBPCAD sell at 1.7170 which i closed at 1.7000 for +170 pips. I banked 5.6% profit or 2.8R I still got some positions floating through the weekend and please check my posts if you missed it. Let's start with EURJPY analysis. As you can see, it looks like EURJPY made a double top pattern and price already broken below the neckline. This upwards movement looks like a retest to me and it could be a good sell/short opportunity. Counting the measured objecive of this double top pattern, it shold be around 121.00 So we could try selling it for 190 pips drop. Thursday candle looks like a bearish pinbar indicating sell pressure, and Friday candle looks like an inside bar of previous candle. With this 2 candle forming exactly at resistance, i expect price to drop because sellers are in control for now. Sell EURJPY 122.80 Stop loss 123.30 Take profit 121.15 (3.3R) RR ratio 1 : 3.3 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
1
EURJPY - Trade Review & Updated Forecast. Welcome traders to a free analysis breakdown. Today I have broken down the trade we took on EURJPY, if you any questions on the pair let me know in the comment section below. Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful . If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner. Feel free to comment a pair or subject you would like me to cover next. Trade Safe Alpha Trading Group.
by AlphaTrading-Group
2
EURJPY - Analysis Breakdown Welcome traders to a free analysis breakdown. Today I am highlighting possible trade ares on EURJPY, if you any questions on the pair let me know in the comment section below. Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful . If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner. Feel free to comment a pair or subject you would like me to cover next. Trade Safe Alpha Trading Group.
by AlphaTrading-Group
EURJPY Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of EURAUD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Price is moving in a triangle. Price has completed W formation by dropping to test the neck. W > We can see M formation and expect price to move up to test the neck of M. D > After dropping to test the neck price is consolidating for past 4 days with a false break to the downside. As per COT EUR saw closure of more Long than Short, reducing net positions; EUR was very weak for the said week. EXY was positive last week though it reached resistance level and dropped. JPY had closure of both Long and Short reducing net positions, this made JXY weak for the said week. Whereas JXY slightly recovered its position last week. 4H > Price moved up towards our target but could not break resistance created by supply level/ resistance created during bearish impulse. Price can make another attempt to test the neck before continuing with bearish impulse. Hence we have a short term Long target and long term bearish target. Pair Correlation > EURJPY has positive correlation with CHFJPY, CADJPY, GBPJPY and AUDJPY and negative correlation with USDCHF and USDCAD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions. Thank You AP17FX
Short
by AP17FX
1
EURJPY Once again, market will always leave clues as to what it wants to do, I do not predict the market but my bias would be for a sell position seeing the price action clues on weekly and daily. Kindly like and follow for more, thanks Past results does not Guarantee Future Results, do your due diligence. Trade Rules: Use proper risk management When the trade is taken, once in 20 pips profit, breakeven and protect your capital As trade moves, look for fresh entries in line with the position taken
by Mbjoey
EJ Analysis 28/09/2020We are currently trading in a 15 pip range. I will not be trading in the range as it is too small. If we break above resistance and form a support on lower timeframes, I would look to execute buys up to the next resistance, I would look to secure positions at the first two buy targets highlighted on the chart as those are rejections areas. There is clean traffic to the downside if we manage to break through support and form a resistance on the lower timeframes I would look to take potential sells as there is a decent sized range to fill.
by mcrhf_fx