EURJPY- 2 positions for short.
Both of them have same SL and TP(suggested zone areas).
ONLY ONE POSITION OPENED AT THIS MOMENT(sell1).
TP1 and TP2 may change at any time if market will show extra strength.
RSI level confirmed - OBV confirmed - above the MACD.
Warning!!!!
This content should not be interpreted as financial advice.
Euro looks set to reach new highs against the yen. Looking to stay long on this one for as the pair eyes 163.20, 164.8 ahead of NFP and other events. Eventually could make its way up to the 166.70 region if bulls keep bringin the steam.
EURJPY - 24h expiry
We are trading at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A lower correction is expected.
We prefer to consider the medium term trend and expect buying interest to support as prices move lower.
Further upside is expected although we prefer to buy into dips...
The pair has made a good bullish rally. But, now the price has crossed the last lower low and broken the market structure. Plus, there is a bearish divergence and bears sentiments are calling for a short trade. It is a sell-limit order on which 0.382 fib retracement will be the entering point.
Thisi position for reversal positionn. After new york and london session this entry very highly liqudity point. its the trend change point..163.800 - 164.000 this. I am waiting after break 163.000 price. 155.00 price
Longs on EJ are still in play. On November 8th I dropped a buy on EJ where targets were smacked. Another long could definitely come in play as long as price can successfully pullback and retest 161.100. There’s also a daily resistance at 160.500. If price crashes farther below, 160.500 would be my last buy area. I’ll be targeting the last high for targets if all goes well.
EURJPY seems like a good sell setup. Sellers are going to dominate the market in the coming days. Candles are showing rejection from the top. TP and SL are mentioned. Follow strict risk management.
#EURJPY - H1
📣 Upon analyzing the 1-hour timeframe, with the breakout of the bottom of the ascending channel around 161.65, it may be opportune to consider selling opportunities with a target of 160.50.
⛔ Stop loss: 162.35.
On the other hand, if the 162.35 resistance level is broken, there is a possibility of initiating a buy position with a target of...
EURJPY
price shows rejection from the trendline everytime, price seems to be rejection from the trendline this time too, if price continues to show rejection from the trendline we can expect a bear move this time..
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*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting...
Hello friends.
Considering the drawn ascending channel and the good reactions we had in it, I expect to have a correction around the top of the channel up to the midline range and possibly further down to the bottom of the channel.
what is your opinion?
Good luck.
# Let's look simply
Rectangles represent strong areas of buying activity, even though I would love to short at this area, after observation of these areas and taking into consideration the mass majority on sell side, this creates a bullish sentiment
My only game plan is to keep buying until market sentiment changes
