Trading Idea Regarding EURJPYI try to make Every thing Simple and Self explanatory in The Chart. Thank you for Watching My Trading Idea.
Eurjpyanalysis
EURJPY Forecast short sellingCurrently the price is consolidating between supply-2 & demand area. In the chart i have pointed out the major supply & demand levels. My bias is still bearish because market is still making lower low and will continually drop unless it breaks the downtrend market structure. However, it can continue to consolidate unless it breaks out from the demand area and hopefully to test the major demand area at 130.00
Traders, I will be glad if you like this idea or have your own opinion about it, write in the comments.
EURJPY Potential Sell?Gday Guys. How you are guys doing?
Today let's analyze EURJPY
As projected previously, this pair forming a bearish trend. Let's see what trading idea we might able to pocket in EURJPY.
We looking for a short position waiting for the market to pull back from the previous drop reaching 131.800 to 131.900 zone. This will be our possible entry with 21 Pips Stop Loss and the target profit will be 161 pips.
I expecting rejection will create on the current zone which is by referring to the left side.
Let's see what happens next.
Tuesday: EURJPY - Week 26Hello Traders! Check Related ideas for market context!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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EUR/JPY might drop to the 130 level againEUR/JPY has slid below the 100 hour moving average level thus risking a deeper
pullback.
Selling the rallies in EUR/JPY remains the preferred approach. Traders can look
to execute new sell trades@131.85-132.20 with SL above 132.50 and TP at 130.
Monday: EURJPY - Week 26Hello Traders!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
EUR/JPY Sell opportunity euro jpy is showing bearish momentum and market is back at the support now turned resistance for retest of the broken structure
look for bearish confirmation on lower time and enter short with your own money management
always remember patience and discipline are the keys to become a successful trader in Forex
EURJPY | Perspective for the new week | Follow-upJust like the situation on our GBPUSD, we experienced a 300pips move in our direction since my last publication on this pair (see link below for reference purposes) and with the present market structure, it appears we are at another juncture that "screams" for a selling opportunity.
Even as a momentary price increase is envisaged on this pair considering the pressure from the bulls during last week trading session and this might lead to a break out into Y132.500/133.000 level before a decline happens.
Tendency: Downtrend (Bearish)
Structure: Breakdown | Supply & Demand | Trendline
Observation: i. Even as we are in a long term Bullish situation, "quick sells" from participants who took advantage of the Bullish run appears to be happening at the moment and I suspect that the price might decline to around the Y129.000 area before the rally begins... Why?
ii. The significant Breakdown of Y132.350 (my new Key level/Trendline) on the 17th of June 2021 which appears to be followed by what looks like "rejections" of this same level between 23rd and 25th of June 2021 points at the possibility of diminishing Bullish momentum.
iii. While looking forward to entry opportunity below Key level, I foresee a transition into a Harmonic pattern (AB = CD) in the coming week with parameters explained below;
a. Impulse A-to-B is expected to be in harmony with the potential C-to-D leg.
b. The B- to-C leg currently falls at 61.8% with the potentials of extending to 78.6% Fibonacci retracement of the A-to-B leg.
c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext . of the A-to-B @ Y129.000 area.
iv. A Further plunge below Y131.000 (breakdown/retest) might welcome an addition to the existing position.
v. CAUTION: It is important that I state here that the overall perspective to this pair is Bullish (see weekly chart) and if the price remains above Key level, the whole narrative shall be rendered invalid and a Bullish perspective shall be immediately adopted at Break above/Retest of Trendline... Trade consciously! 😊
Trading plan: SELL confirmation with a minimum potential profit of 300 pips.
Risk/Reward : 1:5
Potential Duration: 5 to 10days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EURJPY Sell Short IdeaUsing a Fire Box Swing Area i'm looking into supply and demand to catch a move to the down side
Keeping my charts super clean and simple
What are your thoughts ?
Let me know all comments welcome
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EURJPY Short Analysis Hey traders, here is the analysis for the EURJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
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