According to the higher timeframes (D,W) the price has formed a rising channel, hence a major indicator of a potential bearish pattern, and the price touched the upper trendline, retested it and now formed a bearish confluence. The price touched a major support zone, bounced back up/ pullback, but the bearish confluence is still strong. The price might be rejected...
After the 144 top, EurJpy took a dive and dropped to 138 zone support. The pair reversed but was unable to pass above the previous high and dropped again from 142 and even dropped under 138 zone support to the next level of support around 133.
At this moment we have a lower high and a lower low in place and we can expect a continuation to the downside.
The best...
EURJPY is rejecting the psychological level at 139.000.
Price action broke and closed below this level.
It's simple breakout pullback continuation trade.
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EURJPY broke and closed below the support zone at 137.000, which became a resistance.
Look left, the structure leaves clues.
If we get a rejection at that level, then we can sell.
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*Everything is mentioned on the chart. I hope it is easy to understand.
*Don't jump in to trade at the beginning of the market. let it get settle for 30 min 1H first and judge price action.
*Avoid gap up or gap down chase. Wait and trade between level.
Note :Trade with strict stoploss. It may or may not hit all the levels. So one can book profit / loss at...
Hi traders,
As you have come to learn we are all for collecting easy money. Why go for complex signals that could go either way? Today we are looking to take advantage of the EURJPY bearish movement to support. I have my trend line at a key level using our blacksheep strategy. It is clear now that we are going to retest our support allowing us some profit on the...
The pair has paused downside at cloud base support, weakness only on break below
EURJPY pivotal at cloud base support. Break below will see extension of downside
Risk-To-Reward: +14.9
Buy EURJPY Now @ 138.150
Stop Loss: 137.800
Primary Take Profit: 142.200
Swing take Profit: 145.800
Use the Risk-to-Reward Visual Trade Levels For Risk Free Trading
***I personally am trading a 100k account so I focus on 10 total Pairs excluding Crypto daily, risking .25% per trade position aiming for anywhere from 1%-3%...
key reversal bars foremd 20th & 21st july dictation for weakness ahead for target 137.60. 141.20 supply zone for short as well. stop loss above 142.30.
According to the weekly timeframe, there has been formation of a rising channel, which is a major indicator that the price might have some bearish potential. The price touched the upper trendline twice, before retesting the zone again. The price bounced off, formed a new lower-low, then right now it is in the pullback zone.
According to the chart pattern, I see...
EURJPY sell trade idea. Broke 15M structure, failed to create a new high and created a new low. Reacted from 4H timeframe to confirm reversal. Risk to Reward makes meets confirmation so taking the trade.
