EURJPY to continue dropping short on the 4 hour timeframe. (PULLBACK, COUNTER TRADE) Structure broke short and expected to continue short to the daily fair value gap (FVG *Yellow Box). Once price trades into the FVG I expect a pullback into the newly created order block and continue down short to the daily order block where we’ll look to take price long along...
From the day timeframe, we can see a perfect head and shoulder from the legs of 7th March, 2022. head got cupped at 138.31/136.78 (not expecting a buy into any of the listed zones above). A sell into 130.100, other way round a possible sell into 125.58/124.40 to complete the second leg! * Price bounce at 133.210 has been completed. Hence it now serves as a...
Trade Proposal: There is a probability of first tp to the proposed ( 128.000 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals. Technical analysis: EURJPY is in Downtrend and It is Expected to Continue Downtrend.
WSI KEY Reasons for Short Tendency: - break of structure - first lower low sind March 2022 - POC & ultra high volume sell zone - Re-test of BOC + POC zone - 200er MA H4 sell zone JPY buying likely to continue during stock market sell-off. EUR weakness likely to also continue due to hesitancy of ECB to raise rates + Russia/Ukraine situation. SLs should be...
Trade at your own Risk. Keep it simple. Trade with stop loss. Risk No more than 0.70 %.
#EURJPY Looking for Sell trade setup as I mentioned in the Chart.! Keep Supporting LIKE, COMMENT And FOLLOW.! Thank You.!
EUR-JPY is retesting a strong falling resistance line That confluences with the horizontal resistance level at 136.579 areas Which makes me bearish on the pair And I think that a local bearish pullback Is coming, with the target being a local support below AT 132.869
EURJPY NEXT MOVE - Reversal back to Monthly Demand | Potential Sell Opportunity
EUR/JPY eyes 20-DMA at 136.71. Further, on a quarterly basis, GDP increased by 0.3%. Finally, the Employment Change was up 0.5% in the first quarter as expected.
After market took orders for buy from 12th May on the NY market. I'm now expecting the market to give in all the orders for a rollover (possible sell run) of 500 pips before a bull run. Stops at 136.60. Waiting for my EMA 8 and 50 to be breached completely at 135.00-134.90 Market currently forming head and shoulder, and needs to respect such system!!! NB: red...
Since we are in the correction waves according to Elliot wave theory, higher levels are the best opportunities to look for sell positions . Share your ideas in the comment
#EURAUD H4 Here is H4 Time Frame Moving Down to Touch The Support Area Of This Channel After Rejection Market Moving Up
💬 Hi traders. I use the supply-demand method for my analysis. 💬 What do you think about this setup? 💬 Everything I share is how I trade personally. 😉 Enter the trade by checking yourself.☑️ Do not put more than 3% of your capital at risk! ❌
Taken a short on eurjpy after a long awaited break out of accumulation
On the Monthly time frame, prices are currently testing a key resistance area and the failure to break and close above the monthly resistance suggest a possible reversal. On the H4 time frame, a pullback to the resistance zone at 136.882, in line with the 1.272% Fibonacci extension and and 78.6% Fibonacci retracement presents an opportunity to play the drop....
EURJPY needs to retest the daily resistance after being broken as a support. This is a daily timeframe and the structure is being changed towards the bearish side. If it continues to move up, we need to see the break of the resistance before taking a buy position.