Eurjpyshort
EURJPY IDEAHello, today I present you a pair of EURJPY.
This week and the next few days I will be taking short.
It is a good place to get in.
Good luck.
EURO JPYEUR/JPY forming Double Top and i will take SELL position
Entry : 136.760
TP 1 - 136.000 ( +76 pips)
TP 2 - 135.460 ( +130 pips)
SL : ( -34 pips)
EURJPY SWING SHORTBased on Outlooks and COT DATA, JPY has bullish forcast.
Planning to build up short position with main target 131.6 and best case target 124.4
Please manage risk
SHORT EURJPY ✅✅✅Here I expect bearish price action after the price took out liquidity above PDH (previous daily high) and rejected from bearish orderblock + institutional figure 136.000.
EURJPY ShortEURJPY to continue dropping short on the 4 hour timeframe. (PULLBACK, COUNTER TRADE)
Structure broke short and expected to continue short to the daily fair value gap (FVG *Yellow Box). Once price trades into the FVG I expect a pullback into the newly created order block and continue down short to the daily order block where we’ll look to take price long along with the daily and weekly timeframes
SELL EJ FOR 900 PIPS, MARKET CRUSH!!!From the day timeframe, we can see a perfect head and shoulder from the legs of 7th March, 2022. head got cupped at 138.31/136.78 (not expecting a buy into any of the listed zones above).
A sell into 130.100, other way round a possible sell into 125.58/124.40 to complete the second leg!
* Price bounce at 133.210 has been completed. Hence it now serves as a breakout price point of sell for EJ!!!
--- From the 2H TF, descending triangle formed with a prefect entry. waiting for it to be completed at 125.60
Hence, we're shorting EJ to a RR of 1:7.4, perfect risk to reward ratio!
NB: red box--rejection zone
blue box--breakout zone
yelow box: demand/supply zone
EURJPY A Great Selling Opportunity 🤨👌Trade Proposal:
There is a probability of first tp to the proposed ( 128.000 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis:
EURJPY is in Downtrend and It is Expected to Continue Downtrend.
EUR/JPY: Short Tendency intactWSI KEY Reasons for Short Tendency:
- break of structure
- first lower low sind March 2022
- POC & ultra high volume sell zone
- Re-test of BOC + POC zone
- 200er MA H4 sell zone
JPY buying likely to continue during stock market sell-off. EUR weakness likely to also continue due to hesitancy of ECB to raise rates + Russia/Ukraine situation.
SLs should be set above break of struture level (see chart).
✅ Check my Bio --> Daily Setups
Meikel & Team WSI
Swing Trading IdeaTrade at your own Risk. Keep it simple. Trade with stop loss. Risk No more than 0.70 %.
EURJPY Down Trend.!#EURJPY Looking for Sell trade setup as I mentioned in the Chart.!
Keep Supporting LIKE, COMMENT And FOLLOW.!
Thank You.!
EURJPY Will Fall!EUR-JPY is retesting a strong falling resistance line
That confluences with the horizontal resistance level at 136.579 areas
Which makes me bearish on the pair
And I think that a local bearish pullback
Is coming, with the target being a local support below AT 132.869
EURJPY breaks above 21-EMAEUR/JPY eyes 20-DMA at 136.71.
Further, on a quarterly basis, GDP increased by 0.3%. Finally, the Employment Change was up 0.5% in the first quarter as expected.
EURJPY roll over to 130.100. 500 pips drawdown!!! THE REAL DIP!!After market took orders for buy from 12th May on the NY market. I'm now expecting the market to give in all the orders for a rollover (possible sell run) of 500 pips before a bull run. Stops at 136.60.
Waiting for my EMA 8 and 50 to be breached completely at 135.00-134.90
Market currently forming head and shoulder, and needs to respect such system!!!
NB: red box: rejection zone
EURJPYSince we are in the correction waves according to Elliot wave theory, higher levels are the best opportunities to look for sell positions
.
Share your ideas in the comment
EURAUD - Short#EURAUD H4
Here is H4 Time Frame
Moving Down to Touch The Support Area Of This Channel
After Rejection Market Moving Up
EUR-JPY idea! 💡💬
Hi traders.
I use the supply-demand method for my analysis.
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What do you think about this setup?
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Everything I share is how I trade personally. 😉
Enter the trade by checking yourself.☑️
Do not put more than 3% of your capital at risk! ❌
Outlook on EURJPY: Bearish play seenOn the Monthly time frame, prices are currently testing a key resistance area and the failure to break and close above the monthly resistance suggest a possible reversal. On the H4 time frame, a pullback to the resistance zone at 136.882, in line with the 1.272% Fibonacci extension and and 78.6% Fibonacci retracement presents an opportunity to play the drop. Ichimoku cloud and moving average is showing signs of bearish momentum as well, in line with our bearish bias.
EURJPY shorts EURJPY needs to retest the daily resistance after being broken as a support. This is a daily timeframe and the structure is being changed towards the bearish side. If it continues to move up, we need to see the break of the resistance before taking a buy position.
