Eurjpysell
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.
EURJPY Sell Opportunity...Guys EURJPY Possible downward Keep watch and take profit
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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EURJPY Short hello traders today we are looking at #EURJPY, we broke trend-line/ rising-wedge because of that we will look for any #Short positions. Upon any correction on this pair look for a short position. i will also Comment a daily chart regarding this trade. If you have any questions please contact us via Private Message or via comment. -Professor