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Eurjpysetup

EURJPY may be correcting lower soon. 16.5.2021I posted an EURJPY uptrend idea before. After reviewing the price action for the last few days, it seems like an ending diagonal is forming at around 132.8-133.2 area. If this is the case, EURJPY may enter wave (4)-yellow corrective wave, which can bring price down to 128.50. I prefer to see an impulsive drop before entering short so lets wait and see. A break of wave (3)-yellow trend line would be indicative for the drop has begin. After all, the uptrend is intact even after this possible correction.
by ForexWiseWay
3
** EURJPY ** currently in drawdown lets see how this one goes.Hi all, hope you all had a great weekend and ready for a fresh week on the charts. The entry price, stop loss (in pipettes) and take profit are shown on the chart itself. Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress. My name is Al, I'm 40 and from the UK. I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can. Any questions, feel free to drop me a direct message if I can help. These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too. This is all for information and education. Have a great day, Al. 🙂 PS. Check my other 'Related Ideas' too.
Short
by AL-1-
EUR/JPY Finally Closed Below Our Res & New Short Trade AvailableThe Price Finally Closed Below Our Res Level 130.000 With Daily Closure And Short Trade Is Available Now This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Short
by FX_Elite_Club