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Eurjpysell

Shoring EURJPY - Excellent risk/rewardI haven't posted in a while on TV and I will keep it that way as I am to busy with coaching and analysis on my personal blog, however I will try to post a trade idea a week here too. Today I am shorting EURJPY, even tough the EUR is pretty strong in todays EURO/UK trading session and even in the US session, I expect/believe (based on my analysis) that EURJPY is at a key resistance level, ofcourse I am no guru and my analysis is many times wrong, not becasue its not solid, my method is excellent, but nothing can be 100%. Right now I have two technical reasons to short the pair, 1. Price action is testing the recently broken, short-term, trend line 2. Price action is at the 30% level from the recent high to the recent low Looking at the EUR I see plenty of reasons for uncertinaty as I believe the Catalonian's will not let go lightly and I expect riots to slowly begin in the Barcelona region and around, the people of Catelonia want an independace from Spain and the Spanish goverment used plenty of force which in return injured many people, these people have all circles of family and friends around them which are rigth now "pissed off" with the police and the Spanish goverment, since their family, friends, loved ones got hurt for trying to vote. This "cause" can turn into an "effect" and that effect is possibly, riots. We have on going terror attacks in Europe which have recently not affected the markets (going back to 2016 the terrorist attacks caused issues to the EUR) so I am not expecting terror attacks to hurt the EUR unless its something BIG. In terms of the JPY, again fundamentally, the tensions in the Korean peninsulla are giving a boost to the YEN and I fully expect the tensions to continue so I expect a rapid rise in the YEN coming soon. So there you have it, a little bit of fundamentals and a little bit of technicals. My SL is tight and my TP is targeting only the 1st of 4 take profit levels. The take profit levels are listed below. TP1: 131.300 TP2: 130.515 TP3: 129.770 TP4: 129.025 PS: Apoliges for any spelling mistakes, im rather busy to go over what I wrote a second time. Size those pips!
Short
by PipsMatter
EURJPY - Short on Dovish DraghiWe have a lot of EUR news due out tomorrow together with a speech from Mario Draghi, the President of the European Central Bank. His comments alone will move the market and we are hoping for an alignment with the PMI data due out later on in the morning. This will give us a great trading opportunity on the EUR throughout the rest of the week. We are planning a short trade on the EURJPY should we see and hear dovish sentiment from Draghi. The Yen has been the stronger of the two currencies over the past week, and over the past month, and is currently sitting at resistance.
Short
by Mase_00_7
EURJPY profit target reached perfectly, time to sell for a shortSell below 125.13. Stop loss at 125.36. Take profit at 124.63. Reason for the trading strategy (technically): Price has shot all the way up and reached our profit target perfectly. We prepare to sell below 125.13 resistance (Fibonacci extension, Elliott wave theory) for a short term setback to at least 124.63 (Fibonacci retracement, horizontal pullback support). Stochastic (55,5,3) is seeing major resistance below 99% where we expect a reaction from.
Short
by MEX_Exchange
Short EURJPY Short Term based on 30M + 1H Charts H&S Pattern I have a longter term Short setup for the EURJPY but here we see a shorter term H&S pattern setup forming for anyone interested in a shorter, possible intraday trade. Wait for a break of the neckline before entering and a more conservative approach would be to wait for a pullback and re-test, however, from experience we know this does not always happen. If you are interested in a more longer term trade, check out my related idea for a longterm short on the EURJPY with potential of around 200pips. 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. Please comment below and Like if you agree with my analysis.
Short
by AEFX786
Short EURJPY Longterm Based on 4H + 1D ChartsWe recently shorted the EURJPY with great success and it is currently travelling back up to the trend line. As the current trend line is based on the 1D chart and the day is not over, it is not possible to determine exactly where the current trend line will stop and for this reason, I have made two possible entries on this trade setup. We can see the price has gone from making Higher Highs to Lower Highs and is now making Lower Lows as well, indicating that the upwards momentum is coming to an end. If price respects the trend line and bounces down, providing our 4H candle closes below the lower horizontal green line it should be a safe place to Short from. However, if the price reaches the upper resistance and is rejected, then we can enter from the higher green horizontal line providing a 4H candle closes below it. We have some support/resistances to battle through along the way and our first TP will be around 122.1 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. Please comment below and Like if you agree with my analysis.
Short
by AEFX786