Eurjpyprediction
EUR/JPY : SWING PRICE ACTION - PRICE IS GROWING ! LONG SETUP ⚡️Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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EURJPY-Short#EURJPY
Market has pushed back from resistance level.
In daily timeframe market is repeating history.
Looking forwad that pair will form Heada&Shoulder pattern.
At the same spot i am seeing descending channel and currently market has pulled back into it from resistance.
So all things supporting strong sell. Don't miss opportunity.
EUR/JPY Sell opportunity eur jpy broke the strong zone and went all the way down to 1.28000
now market is at broken structure to retest
look for bearish confirmation on lower time frames and enter short with your own money management
always remember that patience and discipline are the key to become profitable is Forex trading
EurJpy- Continuation to the down side?Since the beginning of June, EurJpy has started to drop, putting in lower highs and lower lows on our daily chart.
At this moment the pair is consolidating in a symmetrical triangle and we can expect continuation.
127 could be a good target for swing traders and only sustained buying pressure above 130.50 would put a pause to this scenario.
EURJPY Forecast1) Top-down analysis
Monthly - Previous monthly closure, Potential Inside bar and does not fill the wick of previous candlestick
Weekly - Previous weekly candle closure, closed with doji candlestick and Closed inside the range inside of the previous candlestick
Daily - Two candlestick rejection on 130.500 (Major psychological level)
The bias is still upside due to doji from last two weekly candle. But still it has a high probability that it will go down further first to get some liquidity before going upside.
Confluences for downside movement;
a. Main trendline third touch
b. Major psychological level 130.500
c. 4H Corrective
EUR/JPY:DOWNTREND|PRICE ACTION+FIBO ANALILYS|SHORT 🔔Welcome back Traders, Investors, and Community!
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EURJPY 15 min ANALYSIS This is a EURJPY 15 min ANALYSIS . As you can see from the chart we expect the red upper line to act as our resistance zone and the lower white line to act as our support zone. The price has reached a strong demand or support zone and we expect it to behave usual getting rejected not less than twice and the continue to grow fro this key zone. We put our stop loss below the demand zone and our first take profit at the nearby resistance level waiting to see how the price will behave next. This is more than an institutional analysis. We know what we are doing and we do what the market is doing. Invest wisely. Our aim is to make your vision of making money in the Forex market easier than you thought. Thus we want you to experience zero poverty. If you find this analysis helpful please share your idea in the comment section. Thank you for your time. Wish you more success.