Get started

Eurjpyforecast

EURJPY: Good place to join in on the sell with low riskI can see price has been making lower highs and lower lows after a 4 months uptrend. An early sell entry would have been after formation of double top at the 125.000 level, that signaled a push to the downside. We currently see that price did a pullback to the key fib level and 200MA acting as dynamic resistance here. Multiple wick rejections in this area of resistance confluence suggests an end of pullback and continuation of move to the downside. On the H4 timeframe, the details of the multiple wick rejections will be seen better. A short position here with SL some buffer away from resistance confluence will put your position at low risk with a potential for a much higher return. Cheers!
Short
by Chinedumnweke
1000 Pips Movement BonusWith price ascending to the area of 127.05, three corrective uptrends have been completed and the price is ready to drop further. The range of 127.07 is a very important area: In weekly time frame, this range hits the bearish trendline, which is located in the 50% Fibonacci range, which increases the advent of a downtrend. To confirm the downtrend, the price requires to cross the range of 123.01, when this happens, the downtrend line will break out (the red dotted line). However, if the price can be closed above the range of 127.07, this analysis will be nulled.
Short
by NirmataFX
3