⁉️ EURJPY - Market AnalysisHello traders!
⁉️This is my analysis on EURJPY..
Here I expect a retracement as we are in a bearish market structure. I am looking for short if the price fills the imbalance and rejects from bearish orderblock + institutional figure 142.000
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Eurjpyshort
EUR/JPY Short analysisI was waiting for the tripple top to be created on the pair EUR/JPY and to look for short opportunities. Soon as I got signals by candlesticks confirming the trend getting a reversal, I entried.
As you can see on the chart, TP1 has been achieved, and we'll see how the market goes in the next days and I believe likely it will go at the TP2 zone. This of course should be controlled and see how the market will react.
Enjoy, and feel free to make a comment/suggestion/critic. They'll be welcomed.
Thanks.
EUR/JPY-SELL STOP ENTRY 141.200 - Risk Ratio 2.1LIVE TRADE SIGNAL:
SELL STOP: 141.200
RISK RATIO: 2.1
HOLD PERIOD: 4HRS - 3DAYS
TRADE TYPE: DAY
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Technical Analysis detailed from Chart price action, overlays and indicators.
*leave comments or message me about how I can improve information I provide. Safe trading.
CHART: Price formed a respectable downtrend ( consistent lower high and lows ) Previous breakout of support level and during the price retest around 141.600 (previous support/new resistance) price crossed above immediate downtrend line.
MOVING AVERAGES : Both short and long term meets ( indecision ), price above moving averages but closing gap.
VOLUME: More selling than buying volume in the most recent days.
Stoch RSI: Sloped downward, short crossed below mid level, long is at mid level. There is a nice amount of room for price to fall to/slightly below trend line and slightly above support level.
VI: Bullish; moving averages indicates price is deciding which way price should go ( indecision; confirming trading range and supports range levels to eye for breakouts )
SENTIMENT: S/T short, seeing price reach just below trend line or current support level )
Entry: Sell limit 141.200
Risk Ratio: 2:1
Mon 3rd Jul 2022 EUR/JPY Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/JPY Sell. Enjoy the day all. Cheers. Jim
EUROPE / JAPAN Technical AnalysisAfter carefully plotting both Daily Highs and Lows I was able to determine the DAILY Channel.
From there, I used the AM All-In-One Indicator and Ray Tool to create a channel from the HH and LL.
This created an upward trend and a flawless channel that was validated through a Fib Channel .
From there, I used a Fib Retracement to find a perfect entry.
All this was also validated by Fundamental and AlphaMind Analysis.
@alphamindtrading
EURJPY | BULLISH BIASEURJPY has been facing minor resistance at 143.000. If the price successfully surpasses this level the next resistance lie at 144.200.
We think the momentum looks pretty strong and the price will break all levels.
The immediate support lies at EMA100 and the rising support level
EURJPY Potential Symmetry 4h1. Fib Channel - price action potentially inside of fib channel
2. AB=CD - potential AB=CD structure inside of channel. AB handle of 95 bars, potential symmetry with CD handle of 95 bars
3. Fib Projection - AB handle with 100% fib projection, CD handle potential 100% fib projection
4. Date & Price Range - symmetry between the 2 bearish moves within AB handle (25 bars/6days + 526 point drops). Potential symmetry between 2 bearish moves in CD handle
5. Price Target - watching bearish push down to resistance turned support and all of the above CD handle projections at 137.20 - 138.00 range