EJ Analysis 28/09/2020We are currently trading in a 15 pip range. I will not be trading in the range as it is too small. If we break above resistance and form a support on lower timeframes, I would look to execute buys up to the next resistance, I would look to secure positions at the first two buy targets highlighted on the chart as those are rejections areas. There is clean traffic to the downside if we manage to break through support and form a resistance on the lower timeframes I would look to take potential sells as there is a decent sized range to fill.
Eurjpyprediction
EURJPY tend to move further downside,support levels are broken⚡️ The price felled below the 50% Fibonacci and 123.00 key psychological level
⚡️ And the previous price action level was broken and felled below the support level
⚡️ Risk sentiment is remain negative and in Asian session it has make a long bearish candle in 1hr timeframe
⚡️ The price is well below the 03 EMA's and the Ichimoku cloud is pointing towards south
⚡️ RSI is felled below the 50 level reaching towards 30 we can expect minor rebound from this level but EURPY is trading in a downtrend
⚡️ At current level we can see a clear bearish structure.
⚡️ At 11.30 GMT ECB president Miss.Lagarde going to deliver a speech we are expecting that ECB will make a concern about recent appreciation of EURO. And the worrying about recent surge in corona virus
⚡️ The next key resistance level would be 121.00 and a potential level for trend reversal
⚡️ In Elliot wave principal The second wave i already completed and The 3rd wave is underway
Pivot points-H4
R3 123.25
R2 123.07
R1 122.75
PP 122.57
S1 122.25
S2 122.07
S3 121.75
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EURJPY - Outlook 28 Sept 2020 - Sell biased medium termHi all traders,
This is a video analysis for eurjpy which i have done for all my followers.
As always, i have warn some of the levels within eurjpy, do take note of it.
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EURJPY - Outlook 21/9/2020 - Sell BiasedHi all traders,
This is a video analysis of EURJPY
I hope this video analysis will help traders to identify those important levels so as to trade safe.
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EURJPY SHORT1W
1. 1st touch, 2nd touch and 3rd touch completes
the trend
1D
1. Dynamic EMA acting as resistance with trend
line supporting the move up.
2. Daily Candle has since broke below current
trend line
3. Looking for support in the lower time frame to
enter a sell
4. Sell @ 124.400 SL @ 127.150
80% profit will be release @115.700
10% profit will be release @112.000
TP will be hit @111.000
4H
Double top rejection
2 Options to take Sell trade
1. Waiting for Market to retest Level @125.250
waiting for support to be created and market
breaking below that support.
2. Wait for a 4H candle to break and have a body
close below 124.500
EURJPY - sell biased Hi all traders/followers of my tradingview.
This is another trade idea i have for you guys!
Hope it can help you all in your journey to get some money.
Do take note for this trade setup.
If price break above the trend line strongly, this idea is invalidated.
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EurJpy- 124 could be short term target for sellers127 is strong resistance for EurJpy, marked by a bearish Pin Bar.
Now the pair is heavy and also is trading under trend line support.
A clear break of 125.30 would expose 124.00 important support in the short term.
Sell rallies towards 126 could be s good strategy with 1:2 R:R
Eurjpy is now a buyEurjpy broke the previous lower high and is making the higher high on the 15min. I am going to wait for price to either hold above the level its at now or pullback for an entry on the retest and would make the higher low. Going to target 40-60 pips depending on where my entry is at. Look for a 10-15 pip SL. Price also double bottomed on the 1H.