EURJPY - SWING - 02. FEBR. 2021Welcome to our weekly trade setup ( EURJPY )!
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1 HOUR
Bearish closure below main sr level.
4 HOUR
Expecting more downside movement..
DAILY
Overall good market structure with sideways waving structures.
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FOREX SWING
SELL EURJPY
ENTRY LEVEL @ 126.770
SL @ 127.250
TP @ 125.790
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
Eurjpysell
EUR/JPY SELLThe JPY has been weak last week, whereas, EUR has been strong last week resulting the EUR/JPY to shoot up.
In the following week I expect the price to retest the key resistance level in which the price has previously failed to break above multiple times. Then i expect the price to reverse and fall down until the Yellow support zone , continuing the ranging market structure.
If the price doesn't retest the resistance and fall directly completing the Head and Shoulder pattern in the 1 Hourly time frame I expect the price to fall until it reaches the yellow support zone.
EURJPY- Sell Trade Start << Lets WatchDisclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management.
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Thank you for your support!
EUR/JPY SHORTThe price was ranging since December 2020, and recently broke a key support level indicating that the price is going to be decreasing.
I expect the price to retest back to the previous support it had broken, then decreasing further down till the next support level as the grey path shows. Or instead of retesting back to the support the price would just fall to the next key support.
EURJPY - SHORT; SELL it here!This is definitely done here, for a while.
Of course this is the better SHORT, also the best single trade of 2021!...
... Also, because of this;
Ultimately, this pair will be still a Long until it's fully done.
Potentially there will be a good Long Entry once this short meets it's target, first.
Hi traders. Possible bull trap formingHello Traders, Avramis Swing has suggested a possible Bull Trap forming on EUR/JPY H4 Chart @125.774. The Fibonacci levels outline potential targets, with an invalidation level at around 126.729. Let us know your thoughts in the comment section below. We will execute this trade once all our rules are aligned. We suggest keeping this pair on your watchlist.
Trade Details
Entry: Sell Stop @125.774
Stop: 126.729
Target 1: 125.211
Target 2: 124.256
Target 3: 122.699
Time Frame: H4
Trend: Down
Pattern: 11
Overall score: 5
We suggest closing half your position @Target one and moving your stop loss to the breakeven level.
Leave the remaining position for Target two.