Eurjpysell
EUR/JPY TA 1/10/19 Short to 120We are currently bearish on EJ, if a 2 hour candle can break below 124 and close then we will be entering short. Downside target: 122 ( long term 120) That being said if we remain above 124 then our next upside target would be 126 where we would be looking to reverse back down to the 122-124 area.
EUR/JPY TA 1/10/19 Short to 120 or long to 126 & reverse to 120?EUR/JPY: We are currently bearish on EJ, if a 2 hour candle can break below 124 and close then we will be entering short. Downside target: 122 ( long term 120) That being said if we remain above 124 then our next upside target would be 126 where we would be looking to reverse back down to the 122-124 area.
EUR/JPY PATTERN FORMATION TO SHORTEur/Jpy market is forming a descending triangle/pennant which is breaks toward the downside so wait for breakout from channel or for confident traders, get in early closer to the top of the channel line for move down and (break)out.
No figures given so you can chart and look for sell and take profit area, i've highlighted the opportunity to you.
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DISCLAIMER;
Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire. IF YOU SUPPORT MY IDEAS THEN PLEASE LIKE, FOLLOW & SHARE. ~ THANKS! ~
EUR/JPY BEARISH PENNANT TO SELL?Market is forming a bearish pennant on the 2HR chart view and this is a breakout to the downside so watch this space, sell once market breaks out of pattern formation.
DISCLAIMER;
Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire. IF YOU SUPPORT MY IDEAS THEN LIKE, FOLLOW & SHARE.
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 Short Trading Idea (Sell The Breakout)See screenshots below showing the price action on daily, weekly and monthly timeframe. I believe price will drop to the lower trendline and on the 4-hour timeframe, we have a clear break & retest, giving us the opportunity to jump in on the sell. Let's see how the markets open, we want to minimise our risk as much as possible so if we gap up, it will be an advantage for us.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.