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Eurjpysell

EUR/JPY Short Trade UpdateHey Guys! As you know, I'm currently waiting for a pullback to at least 131.67 for a short entry with the stop loss at 133.68 and the main target at 114. 40 . On the last 4h move up I didn't get the pullback to my entry level at 131.67 by roughly 8 pips!(Wha-----t?) So I've been watching the lower time frames for signs of short term long strength to see if I can get that pullback. In this video, I show how I was able to tell that we will be getting a move down for the last week or two. Just a short explanation of reading strength of the longs or shorts through price action. So I'll keep you guys updated with this set up! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Short
by TradingForexPriceAction
1
EurJpy can drop 500 pipsTwo days ago I said that EurJpy could correct some and reach 130 zone. However, the pair looks very weak and seems like a break of support is imminent. Looking at a longer TF, we can see that the pair has formed a very large double top starting from April, and a break here would confirm the pattern. I'm bearish this pair and I think that the 500 pips target from the double top will be reached in medium term. Sell rallies can be a good strategy and EurJpy above 130 would negate this scenario
Short
by Mihai_Iacob
2
EURJPY - 4h - Análisis SemanalRisk 1% of your account equity. SL 129.400 TP1 128.000 TP2 127.468 TP3 127.136 Traders, if you like this idea or have your own opinion about it, write in the comments. Patience, Discipline and Good Trade! KISS: Keep It Simple Stupid. LCCJ ................................................................................................................................ Arriesga el 1% del capital de tu cuenta. SL 129.400 TP1 128.000 TP2 127.468 TP3 127.136 Traders, si os gusta esta idea o tenéis vuestra propia opinión al respecto, escribid en los comentarios. Paciencia, Disciplina y Buen Trade! Manténgalo simple y estúpido. LCCJ
Short
by LCCJ
EURJPY SHORT (Mean Reversion)Confluences: 1: Stop loss hunt at previous high on weekly level plus a breakout. 2: Price heading towards high of the June(2021) which is an important supply zone with many retail stops. 3: Price has been moving very quickly which signals an over extended market for the pair. Summary: Price is currently over extended and has been moving in a up trend for 2 almost weeks straight. We are looking for a potential stop hunt at the high of June where many retail stops may be sitting. There's is a potential for strong mean revision to take place allowing big players to hunt some stops and grab some liquidity before we see a continuation to the upside in a few weeks to come. This trade is expected run for the next 8-9 trading days or until the target is reached, whichever comes first. Always remember to Buy to the low and Sell the high. We will see how this current weekly candle closes before looking for any entries early next week.
Short
by NDOBObanks
EURJPY: Bearish PennantEJ is currently at the top of a bearish pennant (Monthly/Weekly T.f) the pattern is also visible on the RSI on the Mly T.f The next target is 126.800 . the target after that is 117.740 . We're currently at a fib level. If price is ever to pick up, it'll do so at this level. But i would wait for a break to the upside, then a restest and continuation before buying ( break and retest of pennant or at least 133.100 level.) the next target if that happens will be 137.400.
Short
by FrenchIvory