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Eurjpyshort

EURJPY ShortHello guys. In my previous analysis, I have suggested that the price might move in a bearish momentum because the price seems to not break the upper trend line of the rising channel. As we can see here, the price is trying to fill the bearish imbalance created on Friday. It might retest the resistance zone again, maybe to liquidate sellers who had stop losses on that zone. My entry is at 146.2, and I have used the pullback strategy to place my entry position. My stop loss is at 147.6, a place which is 1% of my account and also it is above the trend line/ resistance zone. My TP1 is at 144.8, Tp 2 at 143.4 and Tp 3 at 142.0. I have placed my targets according to my R:R. I am targeting a R:R of 1:3 in this scenario. Kindly, I advice that incase our trade is activated and the price hits the first Tp, secure your trades by moving the stop loss above the entry zone. Risk only 1-2% of your account.
Short
by Vapari_Inc
EURJPY ShortHello guys. This price has been forming a rising channel/flag, which might be a strong indication that there might be a strong bearish momentum (1D).The price has retested the upper trend line, and if it fails to break it, then a bearish momentum is inevitable. Foe my long term strategy, I anticipate that the price will be bearish. For the upcoming analysis of the price, I will discuss in-depth on how I will enter my trade, my targets and stop loss using a shorter time frame. Remember, only risk 1-2% of your account.
Short
by Vapari_Inc
Looking To SELL EURJPY Above 145 On This Siganl.....We are now approaching a big Monthly SUPPLY/SELL which starts around 145 which we have more or less touched twice so expecting an impulse rallly up through this level towards the 146 level which is actaully a nice Weekly SUPPLY/SELL zone inside the Monthly so is a nice area to get in to a short on a R/R basis. I will be waiting for a break of 145 and then for my Trend Reversal King indicator to give a SELL signal on timeframes above the 4hr stop loss will be well above the Weekly SUPPLY/SELL zone marked on the chart. Target for this position will the DEMAND/BUY zone that starts around 136 and lower. Again will only enter this position if the signal occurs
Short
by TheFxAce
EURJPY: THE MOST PROFITABLE TREND FOR NEXT WEEK!!!!. EJ took out buyside liquidity creating turtle soup ( Smart money repricing ), leading to the current sell situation we're having. Price already took out the external range liquidity to the upside which is causing it to attack the internal range liquidity, the smart money buy sell stops and sell them to willing buyers, and the sell buystops and buy from. willing sellers. we're expecting the smart money to sell their buy orders to willing buyers which resides in the relative equal low below. we also have a weekly order block which price is going to mitigate below the sellside liquidity, there we expect price to start booking buying orders. EURJPY is heavily bearish for now, and buying opportunities are low probability. Short trade will be more profitable. STEFANFX.......
by stefan143
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