EJ ShortEur Jpy sell continuation. The market seems to be giving false flags. Personally looking for sell entries after a price surge. ~FxChulo
Eurjpysell
EUR/JPY SELL TIMETrendlines and Resistance levels seem to hold
Lots of buying pressure the last two days
Overbought levels
Even ran a bit higher to 0.68 instead of magic .50 but I'll short it
EURJPY reversed from resistance, potential drop!
EURJPY reversed off its resistance at 119.249 where it could potentially drop further to 118.092.
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EURJPY reversed from resistance, potential drop!
EURJPY reversed off its resistance at 119.282 where it could potentially drop further to 118.577.
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Losses can exceed the initial investment so please ensure you fully
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EURJPY approaching support, potential for a further rise!
EURJPY approaching support at 118.744 where it could potentially rise further to 119.624.
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Losses can exceed the initial investment so please ensure you fully
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EURJPY approaching support, potential for a bounce!
EURJPY is expected to drop to 1st support at 118.806 where it could potentially react off and up to 1st resistance at 119.671.
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Losses can exceed the initial investment so please ensure you fully
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EURJPY approaching support, potential for a bounce!
EURJPY is expected to drop to 1st support at 119.249 where it could potentially react off and up to 1st resistance at 120.916.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
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EURJPY reversed from resistance, potential drop!
EURJPY reversed off its resistance at 120.967 where it could potentially drop further to 119.249.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
BREAK✔️ RETEST✔️ Now show time!EURJPY has been very awkard lately, but the price has successfully retested trendline on weekly chart, expect the price to drop like hell.
EURJPY Bears To Complete Long-term Corrective PatternEURJPY has been trading in a corrective structure since Feb 2018. The corrective structure which is unfolding as a triple zigzag is about to complete the last leg lower.
As you can see on the chart, the decline from wave X high at 127.501 unfolded in a five-wave pattern in wave (a). It then followed by a three-wave bearish corrective structure in wave (b). According to Elliot Wave theory, once a 5-3 wave cycle is completed the trend will resume in the direction of the major impulse which is down in the EURJPY case.
We see an impulsive breakout of wave (b) corrective structure channel and a retest signal further confirming the continuation to the downside.
Verdict
As long as 122.943 "wave (b)" high remains intact, I will be looking to short on lower high till we reach the blue zone on the chart.
What is your view on EURJPY?
Is 200 pips all you need this week?We see a channel breakout and a bearish engulfing candle. We also see a retest and rejection from the resistance level. Lastly, we see a similar pattern and how the market went down in the circled area.
All these indicate that the price will continue to go down to the demand level giving us at least 200 pips on this pair.
Like and follow me to support.
EURJPY Market Outlook | Daily Forex Market BreakdownEURJPY
After we took profits we saw a slight pull back and now EURJPY is going bit sideways. I am favoring more downside movement soon. Standing on the sidelines for the time being with this pair.
EURJPY Range Breakout. EURJPY Broke its range to the upside at todays London Open. If we find support at 120.500 we might see an upside move to next resistance.
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Please ensure you fully understand the risks.
EURJPY approaching resistance, look out for potential reversal!
EURJPY is approaching its resistance at 120.506 where it is could reverse down to its support at 119.249.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURJPY approaching resistance, look out for potential reversal!
EURJPY is approaching its resistance at 120.506 where it is could reverse down to its support at 119.249.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURJPY reversed from resistance, potential drop!
EURJPY reversed off its resistance at 120.506 where it could potentially drop further to 119.305.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURJPY Market Outlook | Daily Forex Market BreakdownEURJPY
Going sideways for the moment. Tiny bit of downside movement. I feel the market is gearing up for some bigger moves. No trades here for us just yet. Just have to remain patient.
EURJPY Market Outlook | Daily Forex Market BreakdownEURJPY
Looking really good. Pushing below support for the time being we could see a reversal back to the upside soon. Patiently sitting on the sidelines, keep in mind it is still very early in the week. That being said EURJPY is looking really good, but nothing for us just yet.
EURJPY bounced from support, potential for a further rise!
EURJPY bounced off 120.274 where it could potentially rise further to 122.690.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURJPY bounced from support, potential for a further rise!
EURJPY bounced off 121.386 where it could potentially rise further to 122.690.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURJPY Trading Plan >M15Trading CFDs on margin carries high risk.
Please ensure you fully understand the risks.
