Eurjpyprediction
RSI is already Diverging from price action in EUR/JPY D1 Chart.EUR/JPY (Short)
RSI is already Diverging from price action in EUR/JPY D1 Chart.
Also CCI is already Overbought.
If price will break the trend line (128.500),You should selling entry @128.000/ TP:124.000 / SL:130.000 //
OANDA:EURJPY www.tradingview.com
EUR/JPY - 100 Pips+ Bearish OpportunityEUR/JPY has been in consolidation since the beginning of the month.
As we can see on the 4H chart, the prices are in between the 200 EMA and 50 EMA. Meaning that a breakout in either direction is imminent. Most probably a bearish breakout since the 8H confirms weakness.
SL should be put above the 50 EMA on the 4H chart, preferably a few pips above it to leave enough space for the pair to move in case of volatility.
*If the pair does not break the 131 level but rather finds support on top, then we would have a breakout to the upside.
Trade safe.
eurjpy - potential long - bullish divergence 4HI have been selling EURJPY from the very top .. closing my positions because spotted a Bullish Divergence. Please don't enter blindly and follow risk management. It'll be a short term bullish , please follow my other chart for long term trade.
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Long Term Chart :