Hey Guys!
As you guys know, the assumed weekly bias was short. Or in other words, price is likely to reach 114. 40 before reaching 133.68. (Though the main target has changed. Explained in the video.)
However, due to long confirmation forming on the 1h chart for the last 2 weeks, I did not take any further short entries. That said, I did take a loss of -$1800...
Hey Guys! Just a quick update!
As you guys know the current weekly bias on the Eur/Jpy is still short. Or in other words, price is likely to reach 114. 40 before reaching 133.68. (Though the main target has changed. Explained in the video.)
In this video, I explain the short position I'm currently holding and the reasons why I took the entry, as well as how I...
Line chart view. This is a wedge pattern. This clearly shows exhaustion by the BEARS and we should wait for the BULLS to take over the market.
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or...
Trade Proposal:
There is a probability of first tp to the proposed ( 128.500 ) 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.
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
Fundamentally EUR is under pressure because of the Russia-Ukraine war. But JPY is also weak a lot. As a result EUR/JPY has advanced nearly 650 pips from its recent swing lows. There is no credit for EUR in such up. Just because the JPY is too weak.
"The longer the war continues, the more likely it becomes that the real economic and inflationary effects for the...
EURJPY is ready for a big reversal as it is heading towards strong selling zone on daily timeframe . Sell now & hold the trade for the TARGETS mentioned
The euro is at a significant resistance level. I myself have opened my selling position since Friday and kept it until I see the Monday market. I think it will give me a good profit.
EUR-JPY broke the downtrend line
And he went up from there
Now the pair has retested the support block 127.6
I think that after a retest area
The pair will rise to the resistance level 132.65
Short setup for EurJPY :
With the money flow index and RSI decreasing on the 1W weekly frame, and after a strong reversal from 7th March lows (124.4), EurJpy is expected to see a selling pressure in price levels between 132 and 133. These price levels lie between a strong 1W Finbonacci level and the trendline joining the highs from june 2021.
We look for taking...
we should expect a bearish move on eurjpy since now price in rising to mitigate a d1 and h4 order block, but also the overall market structure on HTF is bearish because on D1 a structure has been broken with exceeded volume.
Hey Guys! Just a quick update!
As you guys know the current weekly bias on the Eur/Jpy is short. Or in other words, price is likely to reach 114.40 before reaching 133.68.
In this video, I explain the short position I'm currently holding and the reasons why I took the entry, as well as how I plan to trade this set up in the coming weeks.
That's it! I'll keep...
EURJPY is currently moving on a bearish trend .
Setting a new low around 128.00 the pair retraced to a strong supply area and looking to retest the structure
for that , I anticipate a bearish trend to continue
What do you think of this pair
EURJPY has given a bullish reversal on daily timeframe and since then the pair has been in excellent bullish momentum. Recently price has broken down the falling trendline as well. We are expecting bulls will carry this momentum and push the price to 131 area in near term.
To negate, the bears should push the price lower to 127.500.
Trade your levels accordingly.
The market is projected to bounce off the resistance and breakout from the lower trendline of the ascending trend.
Sell EURJPY 128.424
SL 128.800
TP 126.490
