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Eurjpyprediction

EURJPY LONGEURJPY has been moving in a down trend for serval day. Current price action suggests that the pair might be in for a short term bullish correction. The patterns we spotted which are in line with our short term up trend basis include an inverse head and shoulders pattern in Daily and H4 time frames with the H4 being the more clearer. We have also spotted a trendline breakout, close and retest followed by a change in market structure by the breakout, close and retest of our key level. The target for this particular trade is around the 132.6**The risk reward for the trade currently stands at around 6.81 to 1. We plan to hold this particular trade until out target is reach or close manually as per the rules of our trading plan.
Long
by NDOBObanks
2
EUR/JPY - Wait for BreakMonthly: 1. Very strong push to the upside after break 2. The price now face stron resistance Looks Neutral for now Weekly: 1. Double Top 2. Break of strong support level 3. Neckline test with rejection Looks bearish for the moment. If see bearish signals on lower timeframe i will sell. Daily: 1. Morning star formation from the bottom 2. Inverted Head and Shoulders pattern Inverted Head and Shoulders pattern is trend reversal structure so I will watch carefully what will happend next week. 4H: 1. Inverted Head and Shoulders If brake up will be good chance for buy when pullback for test. If brake down will be good chance to sell when pullback for test.
by Trader_Petrov
2
EUR/JPY Short Trade UpdateHey Guys! As you know, I'm currently waiting for a pullback to at least 131.67 for a short entry with the stop loss at 133.68 and the main target at 114. 40 . On the last 4h move up I didn't get the pullback to my entry level at 131.67 by roughly 8 pips!(Wha-----t?) So I've been watching the lower time frames for signs of short term long strength to see if I can get that pullback. In this video, I show how I was able to tell that we will be getting a move down for the last week or two. Just a short explanation of reading strength of the longs or shorts through price action. So I'll keep you guys updated with this set up! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Short
by TradingForexPriceAction
1