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Eurjpyshort

EURJPY SHORTAccording 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 that the price might have touched the higher low and we might see a significant drop from that. IF the daily candle forms a bearish candle either today or tomorrow, there might be a bearish rally that might follow after that. The entry will be determined by the lower timeframes (1H and 4H timeframe). The stop loss is placed slightly above the major market / resistance zone. Entry @ 141.1, SL @ 142.4 TP 1 @ 139.7, TP 2@ 138.3 and TP3 @ 136.9. Remember, risk only 1-2% of your account.
Short
by Vapari_Inc
is eurjpy forming a messy H&S?on the 8 hrs we can see eurjpy establishing a downward channel which, i have reasons to believe is forming, because of Europe's instability & inability to control inflation i.e. on a broader look on the 2 day we can see eurjpy finish forming the head key points: . with the breakout of the jpys we see extreme volatility . market tends to react strong to opec and largard meetings . ecb aggressive rate hike to combat inflation spark concerns to whether they downplayed it . due to its extreme volatile nature trading it on the 8 hrs would reap most profits take away: . after the breakout we see eurjpy reaching a high of 144 however failing to break it 3 times which establish a roof/head . it later found support @139 to retest the high of 144 which it failed to break > a 139 was created when Ecb hints at a rate hike . after rejection @ 144 we see it found support @137 to go as far as 142 > 142 rejection was created when Ecb implement a very aggressive rate hike of 50 points which sparks the question, will this aggressive hike spark a recession? . with that information we can draw our channel line to see that price is down trending with resistance of (144, 142, ???140-138) and support of (139, 137, 135) > i.e. an interesting look at this chart is that price breach 135 but did it form the head and is this final trend bounce the right shoulder? outlook: . if price holds 135/136 we can buy and hold to 138/140 where the counter trend line is . if price can't maintain 135, we sell right to back 133 which will be current support previous resistance. > then wait for confirmation to buy up to 138-140 after, we wait to see rejection to sell back to the 133 support . if price holds 135 we buy up to 138-140 then wait for rejection to short back to 133 . after price does this we wait for more information to see whether price will hold 133
Short
by shermuelinvesting
is eurjpy forming a downward channel?on the 8 hrs we can see eurjpy establishing a downward channel which, i have reasons to believe is forming, because of Europe's instability & inability to control inflation i.e. on a broader look on the 3 day we can see eurjpy finish forming the head which i will publish after key points: . with the breakout of the jpys we see extreme volatility . market tends to react strong to opec and largard meetings . ecb aggressive rate hike to combat inflation spark concerns to whether they downplayed it . due to its extreme volatile nature trading it on the 8 hrs would reap most profits take away: . after the breakout we see eurjpy reaching a high of 144 however failing to break it 3 times which establish a roof/head . it later found support @139 to retest the high of 144 which it failed to break > a 139 was created when Ecb hints at a rate hike . after rejection @ 144 we see it found support @137 to go as far as 142 > 142 rejection was created when Ecb implement a very aggressive rate hike of 50 points which sparks the question, will this aggressive hike spark a recession? . with that information we can draw our channel line to see that price is down trending with resistance of (144, 142, ???140-138) and support of (139, 137, 135) > i.e. an interesting look at this chart is that price breach 135 but did it form the head and is this final trend bounce the right shoulder? outlook: . if price holds 135/136 we can buy and hold to 138/140 where the counter trend line is . if price can't maintain this region, we sell right to back 133 which will be current support previous resistance. . after the price goes back to 133 we take profit and wait for more information to see if price will break this neckline
Short
by shermuelinvesting
2022/8/3 11:49 EUR/JPY analysePivot Point: 135.6 Currently: Resisted at 135.1 and retraced back to 134.8 Reaction: Consolidating at this 135.9 level , its next support zone is at 136.5 I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on tradingview~ Wish to receive some feedbacks from you! 😊 Btw you can feel free to use our designed indicators!!! Just lemme know if you want it! Follow & like our posts to support us😎! Can’t wait to chat with you more~
Short
by idealcase
Bearish EURJPY - 28 July, 2022After consolidating in a large range for several weeks, in mid July this pair made a lower high. Now price has broken below an important support located around 137.250. I am expecting the bearish trend to continue, hopefully after price pulls back to the area of previous support. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. Please comment and share your own thoughts!! Always use sound money and risk management and stay patient in all your trades .
Short
by Trading_Vista