wait to get short for bat pattern for EJhere is the short opportunity for EJ if it is correct the pattern so u can see in the chart
EJ
EURJPY looking weak, short on break of supportShort on break of support, continuation will follow. Start small, 1/4 lot then add and ride.
Bearish setup- EJPrice has been correcting big bearish movement since last week. EJ rejected 50% of fibonacci + MA50 with a low bullish volume. Breakout has done, so we can expect bearish movements this week.
MY THOUGHT'S ON EURJPYI've been watching this pair for a while now and sat back to really just let this trade come to me. As you can see we've been stuck in this bullish channel since august and are still in it. I'm currently in this trade as we speak, reasons for this our simple. Price action hit support at 132.000 were we got a bullish reversal Doji candle, this indicates change of price action which means bulls are looking to dominant this pair. Another reason I have entered this pair long is that I've drawn out my Fibonacci retracement from the Highest Low (HL) to the Highest High (HH) and price action has bounced off my 61.8% Fib and also off the trendline so this indicates more upside movement. First target is 134.400 I would love for price action to break above it get a retest off resistance which will be support at the time and continue heading up towards 136.600 (A). If at 134.400 price action does bounce off resistance I will be waiting for a break of the trendline, retest of trendline and that's when I wille nter to go short (B)
27 : Sell but closed earlier ( little profit)I sell with EJ, bet USD is weak, ( yes, GOLD is coming up)
But not sure because EU is going down too. (and yes EJ is the most profitable)
#26 : Closed SellI planned on Sunday, and in the Monday, during Euro or US session. i see it change momentum and cross SMA20. I decide to open Sell.
Nice little reversal position on EJ. Bill Williams theoryI am waiting pull back to balance line. Lets see
EURJPY - Potential Bullish Gartley PatternEURJPY seems to be developing a potential bullish Gartley pattern on the hourly time frame.
(X-A) impulse leg extends its toes to the 129.18 price area, followed by (A-B) leg retracing to the 61.8% retracement area. (B-C) follows next with a wick or two poking past the 88.6% retracement. Prospective (C-D) leg completion is noted at 127% extension of (A-B) leg and 78.6% retracement of (X-A) leg around 128.10 price area. May the pips be with you.
EURJPY : Short ider with MA crossoverMY Trade:
EMA 10 Cross SMA 20 down
Stochastic around 50 value
SELL trade.
Possible EURJPY short setup on 4hr candle retest and close.Looking to short EURJPY on a retest of current structure resistance. If EJ does not break current structure I'm going to look for sellers to enter around 121.500 levels. Looks like a decent risk to reward ratio even if it only retraces down to the 38.2.
Possible EURJPY short setup on 4hr candle retest and close.Looking to short EURJPY on a retest of current structure resistance. If EJ does not break current structure I'm going to look for sellers to enter the market on the downside and hop in.
Bear Trendbeen shorting since 122 levels short again @117.833 predicting breakout on 4h . SL@118.195 tp@116.146
EJ eur/jpy looking good for short.Ive been watching EUR/JPY for a couple of days now and have on the ichimoku system on with 20 period MA. Cuurent short price is at 120.947 and it dropped significantly. might start collecting profits and see how far it will go. it dropped under the 120.300 mark and had a small pull back temporarily but couldn't last. then continued dropping more after that. stay tuned to hear more.
Possible double top on EurJpyorange, red, blue are respectively weekly, daily, and 240 trend and support/ resistance.
I'm looking for a double top scenario for a short position 2618 trade.
4h candle has closed beneath weekly support, so it could just continue bearish.
This pair is one to watch this week.
EJ Bearish till 120.20, Potential Daily Bullish FlagBullish Flag
The price is most likely to do a lower low in the zone of 120.20
61% Retracement of AB.
EURJPY : Continuation pattern in a mid term downside trendThe EURJPY pair is in a downside trend since mid 2015 without any interruption. Currently, and this for four months, this pair is consolidating inside a triangle continuation pattern . This period of stabilization does not significantly put in danger the bearish momentum on the EURJPY, as shown by the long term 200 days Moving average which is still very well oriented downwards.
On that situation, this is a quite good opportunity to initiate a short position because :
- the current price is close to the resistance at 116.349Y (two previous tops)
- this resistance area matches with the 62.8% retracement of the bearish wave (July-August)
- the upper downside trendline of the triangle makes an additional barrage for the buyers to go higher.
Here is the strategy :
- Enter short on EURJPY @ the current price (approx. 115.31Y)
- Stop @ 116.75Y
- Target @ 112.72Y
Reward/Risk = 1.15
Feel free to leave your view about this analysis in the comment section
