eurjpy ready to sel dont missedeurjpy ready to sel dont missed i m expecting a downside move . we are looking bearish move
Eurjpyshort
BREAKDOWN CADJPY +2.20R, EURJPY +1.70RBreaking down two solid trades for the day. Hope you have a successful week!
EURJPY | Approaching to SupportEURJPY is trading in a ascending triangle and price is likely to reach the support zone (130). Two possibilities here;
(a) The support zone will be reactive for the bulls and 130 area will be a good buy zone. We expect price will break the falling trendline as well.
(b) The support zone will be a good point for the bears and they can fake the bulls and price will drop sharply after that.
Trade your levels accordingly.
EURJPY will go down !!
EUR-JPY has breached the horizontal resistance level 130 .5
I'm expecting a bearish reaction
And the move down towards the ascending support level below 128.7
sell ..
EUR/JPY 4HR SELL SET UPHi TRADERS this is my trade set up for the EUR/JPY
EUR/JPY Looking for a pull back in to the order block zone and I am expecting a rejection for a sell trade
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
please like comment and follow
EUR/JPY Outlook (18 February 2022)Overall, EUR/JPY is ranging across. Recently, EUR/JPY rejected the resistance zone of 131.500.
EUR/JPY’s next support zone is at 130.000 and the next resistance zone is at 131.500.
Look for short-term selling opportunities of EUR/JPY.
EURJPY Hrly short | Algo TradingEURJPY hrly short
shortstop @ 131.162
TP #1 @ 131.054 82.61% wr
TP #2 @ 130.754 50% wr
SL @ swing high 131.904 10.87% hr
WR and HR determined from past trades on this pair.
More trades like this on my profile and on Bifrost Trades.
EUR/JPY Short Trade UpdateHey Guys!
Due to 1h weakening of long strength. I aborted the counter bias long entry and simultaneously entered a short position at 131.50 with the stop loss at 133.68 and the main target at 114. 40.
That's it!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.
EURJPY Hrly short | Algo training **EURJPY hrly short**
shortstop @ 131.162
TP #1 @ 131.054 82.61% wr
TP #2 @ 130.754 50% wr
SL @ swing high 131.904 10.87% hr
view more trades on my profile and on bifrosttrades
Short EURJPYAfter the rejection of the 8 month strong resistance trend line for the third time, I'd be expecting price to short towards 128.000. The Stoch has crossed whilst overbought on both the 4hr and daily chart.
EUR/JPY potential short- 2 different POIs, need to see how price reacts to the first
- FVG need to be fully filled
- all TPs marked on charts
EUR/JPY Short Trade UpdateHey Guys!
I just aborted all 3 short positions due to possible 1m extreme long strength kicking back in.
However the weekly bias remains short for the time being, and am planning to re-enter short after a pullback and long strength begins to wane.
That's it!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.
EURJPY analysisthats great time for getting short position for #EURJPY Pay attention you have to get to this position in 1h time frame
EUR/JPY Short Opportunity EUR/JPY is hovering nearly to its trendline resistance level. Fundamentally EUR is under pressure except for rate-hiking optimism in 2023.
JPY is a haven asset, so if Russia-Ukraine tension rises, JPY will benefit.
So, EUR/JPY has chances to drop again.
EUR/JPY Sell Zone: 131.50 to 132.50
Stop Loss: 133.50
Target Zone 130.70
Target Zone 2: 129.50
Price Action Lesson: The Basics of How to Read PriceHey Guys!
Just wanted to put up a quick Price Action Lesson on How to Read Price.
I demonstrate this foundational element of reading price with a current eurjpy short trade I'm currently in.
The Key point of the lesson is simply: Directional movement of price is irrelevant when it comes to reading price. What's important is "How Price Gets from Point A to Point B".
So even if price moves up, if there is no signs of strength in the same direction, that move up will be unsustainable.
Moreover, this foundational way of looking at price movement is what allows a trader to always be one step ahead of the market and thus not chase the market.
Ok! I hope this helps guys!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.
(WEEKLY) EURJPY - WAITING FOR ZIGZAGOur past analysis was a success.
This the continuation of the analysis.
Short is more preferable if you are trading weekly.
Due to huge movement last week, we may experienace the 'lame' sideway movement this week.
There are lot of confirmations.
But , the Invalidation Level is there.
Mon 14th Feb 2022 Daily Forex Charts : 3x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 3x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a EUR/CHF Sell, EUR/JPY Sell & EUR/USD Sell. Watch the overall risk due to the high correlation between these trades, as all involve the EUR. Enjoy the day all. Cheers. Jim
EUR/JPYIn this setup we have two zones , one for sell and one for buy. It has a break of structure in higher timeframe and also one in a smaller timeframe which creates an opportunity for sell first then we wait till the price reaches the target and then we buy at our marked zone.
EUR/JPY 4HR SELL SET UPHi TRADERS this is my trade set up for the EUR/JPY for the new week ahead
EUR/JPY I am expecting a pull back into the order block zone for a sell trade
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
please follow like and comment thanks
EUR/JPY Short Trade UpdateHey Guys!
Like I mentioned yesterday, I took a 3rd short entry on the Eur/Jpy with the same risk parameters as the previous 2 short entries with stop losses at 133.68 and the main target at 114. 40
Again, I took this 3rd short entry due to 5M extreme short term short strength like I mentioned I will be doing in the last post.
I'll keep you guys up to date!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.
EUR/JPY Short Trade UpdateHey Guys!
As you guys know I currently have 2 short entries at 131.67-70 levels with both stop losses at 133.68 and the main target at 114. 40 .
Upon my 2nd entry, due to the failure of long strength retaining its pivot low, long strength began to kick back in with a recovery of price
back to the 1h minor pivot high. Then furthermore, a 1h upward trendline break out then break back in showed regained long strength.
However, I did not abort both short entries due to the reasoning, that if my weekly bias of being short, or in other words price will reach 114.40 before reaching 133.68 is wrong,
that 2nd entry point's price action of extreme long strength should not have failed, and prices should have shown extreme long price action before reaching its pivot low.
Thus, I retained both short entries with the specified risk parameters. Moreover, as we had the wild price action long, there were no signs of extreme lower time frame long strength.
That said, I did not enter a 3rd entry at this point due to only signs of waning long strength on the 1/5/15m charts.
So at this point, I will only be willing to take a 3rd short entry with the same risk parameters, if price can show me signs of extreme short strength. This will be for example, a 1h upward trendline
Break out, then immediate break back in showing long strength, but that pivot low still being reached for this shows that "Although there was long strength, short strength was able to override it", which shows extreme short strength.
Ok that's it guys!
I'll keep you guys updated!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.
(WEEKLY) EURJPY - WEEKLY MAPPINGWe are waiting for Entry Area at Wave (iv).
This is a risky setup.
I would prefer Entry Level at 133.100.
It is more ideal setup for Weekly.
Good Luck
EUR/JPYSell: EUR/ JPY
Sell limit: 132.790
SL @ 133.500
TP @ 132.100
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
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It is not an investment recommendation
