EUR/JPY 1H Analysis 📉📊
Bias: Bearish 🔻
This EUR/JPY 1-hour chart suggests a bearish setup with potential downside movement. Here’s a breakdown of key elements:
🔍 Key Observations:
200 EMA Resistance 🚨
Price is struggling below the 200 EMA (158.383), a strong dynamic resistance.
Bears are defending this area, preventing further upside.
Supply Zone (158.319 - 158.383) 🟥
Price recently rejected from this key resistance zone.
Sellers stepped in aggressively, pushing price lower.
Bearish Market Structure 📉
Lower highs and lower lows are forming, confirming the downtrend.
A potential retest of resistance before another drop.
RSI Indicating Weakness ⚠️
RSI (51.59) is below overbought levels and sloping downward.
The 56.02 resistance on RSI suggests limited buying strength.
📍 Trade Setup Idea:
Entry: Around 157.70 - 158.00 (Possible retest zone)
Target: 156.25 - 156.00 (Major support area) 🎯
Stop Loss: Above 158.40 to avoid fakeouts ❌
📌 Summary:
Bearish Bias 🚨 as long as price remains under 200 EMA.
Expect a pullback before continuation to the downside.
156.00 Target looks achievable if sellers maintain pressure.
⚡ Trade cautiously & manage risk properly! 🚀 Let me know if you need more details! 🔥
Bias: Bearish 🔻
This EUR/JPY 1-hour chart suggests a bearish setup with potential downside movement. Here’s a breakdown of key elements:
🔍 Key Observations:
200 EMA Resistance 🚨
Price is struggling below the 200 EMA (158.383), a strong dynamic resistance.
Bears are defending this area, preventing further upside.
Supply Zone (158.319 - 158.383) 🟥
Price recently rejected from this key resistance zone.
Sellers stepped in aggressively, pushing price lower.
Bearish Market Structure 📉
Lower highs and lower lows are forming, confirming the downtrend.
A potential retest of resistance before another drop.
RSI Indicating Weakness ⚠️
RSI (51.59) is below overbought levels and sloping downward.
The 56.02 resistance on RSI suggests limited buying strength.
📍 Trade Setup Idea:
Entry: Around 157.70 - 158.00 (Possible retest zone)
Target: 156.25 - 156.00 (Major support area) 🎯
Stop Loss: Above 158.40 to avoid fakeouts ❌
📌 Summary:
Bearish Bias 🚨 as long as price remains under 200 EMA.
Expect a pullback before continuation to the downside.
156.00 Target looks achievable if sellers maintain pressure.
⚡ Trade cautiously & manage risk properly! 🚀 Let me know if you need more details! 🔥
Trade active
Trade closed: target reached
EUR/JPY Analysis Hit TP! 🎯🔥
The bearish setup played out perfectly as expected! 🚀
✅ Price rejected the 200 EMA and key resistance zone.
✅ Momentum shifted bearish, leading to a strong drop.
✅ Target at 156.25 - 156.00 hit successfully! 🎯
Patience + Execution = Profits! 💰 Who caught this move? Let me know! 📉🔥
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Disclaimer
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JOIN MY TELEGRAM CHANNEL
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.