EURJPY short for 220 pipsGood trade this. Price action pushed up to a major level with a bearish engulfing candle printed on the 4h chart. RSI also overbought position. We might see a double top but yes, it looks a good shorting opportunity.
Please have patience on this trade and there are plenty of pips.
Let me know your thoughts.
Trade safe and good luck.
Eurjpyprediction
EURJPYTime = 1H
– Structure = Downtrend
– Pattern = Head & Shoulders
– Tendency = Downtrend
** Await market for Neckline breakout
Time = D
– Structure = Downtrend
– Pattern = Downtrend channel
– Tendency = Downtrend
** Above Chart indicated with Heikin Ashi FOR CLEAR VISION
GOOD LUCK
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Disclaimer: Forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors.
EUR/JPY long-buy weekly analysisEUR/JPY long-buy weekly 120-125 break target profit resistance
700 pips potential profit and 30 pips stoploss support with 20 rr
Indicators and oscillators are oversold weekly, rsi, demarker and bb etc.
EMA, MA and MACZ-Vwap etc.crossing for bullish movement
Economic calendar release are all bearish and hawkish
EURJPY- Potential Move Buy ___
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LONG EURJPY & MARKET 117.05 12:17 22/04/202011I've been watching EURJPY as its approached a significant trend line and this line has now broken and with the aid of several 200 sma on maller time frames supporting - this looks a reasonable BUY trade.
My in-house indicator is also flagging this as a moderate BUY.
I have a STOP at 166.66 and a TAKE PROFIT at 118.26.
EUR is mildly BULLISH across the board so I'm hoping I can get this trade to BREAK EVEN to lock in a free trade.
More on my website.
POTENTIAL BULLISH PULLBACK BEFORE SELL OFF EURJPY is showing a potentially great setup. Price still has some bearish momentum before it finds some support and the marked grey line. From this zone we should potentially expect a pullback, maybe sharp or flat correction. Should price move to our marked entry point, there is potential for our set up to move bearish to our take profit zone. Stop loss level invalidates this pattern.#=
No more than 2% risk should be taken.
EURJPY technically based forecast
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💡 EURJPY technicaly based idea, we can see price is bounce from bottom trend line, technicaly indicators showing we can expect higher recovery phase, expecting to see push in up in price till supp zone.
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