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Eurjpyshort

SHORT EURJPYStill Short EURJPY at 136.30, Just zooming in on the chart a bit to give a better idea of what we are seeing. EJ is back below the 136.31 Fibbo resistance as well as below the downward trend line which sits ust above that fibbo lvl. We saw it test both of these levels briefly and is now back below suggesting that the top is in place for now. The support comes at 135.50 is lvl (upward trend line of the triangle, and if we break that, we can see a move to 135 and possibly even to 134.
Short
by WhosPipsAreTheseAnyway
EURJPY Trade IdeaIn this chart we're taking a look into the 4Hrs chart and breaking the down the setup it presents. We can see the structure that is in a drop phase with a pullback to the level which was previously a liquidity level. Now what I am expecting here is for price to go around that level to confirm and collect orders that are left hanging around that area. The structure has been broken a couple of times to the down side, leaving us with an Institutional Trap Zone which gives out an idea of what the possibilities of where price might be going from here on. Remember this is just a trade idea and should I decide that I'm going to participate on this trade idea I will use proper risk management and wait for a proper confirmation structure
by The_Sniper_036
EURJPY - Descending ChannelHello Traders, its almost month end and i hope you had a successful trading month. Let's take a look at EURJPY which was in an up trend and later formed a descending channel since April. Price has tested resistance twice and currently for the third time, there is rejection and bearish pressure for a drop to support... So we can see an opportunity to take a sell/short with stop loss above structure at resistance and profit at support as indicated on the chart... For more free analysis, please follow, like and share... Thank you
Short
by bluebellfxtrading
Outlook on EURJPY: Bearish play seenOn the monthly time frame, prices are testing a key resistance level at 136.80 where we could see further downside below this level. On the H4 time frame, prices are currently testing a key resistance zone in line with the 76.4% Fibonacci retracement, descending trend line and 78.6% Fibonacci extension. A break below the M15 demand zone at 136.00, would provide the bearish confirmation for a further drop to our support target at 134.00. Stochastic is seeing a bearish divergence and testing resistance at 98.30 as well, supporting the bearish bias.
Short
by shermzT