MY 2 TOP BEARISH PAIRS: 1.) EURJPY I always like looking at higher time frame charts because they let me see the whole forest, as only like this I can get a better understanding of where the price is likely to go. And most importantly I like(want) to take a big piece out of major moves as they happen - my overall strategy objective when trading the markets.
As we can see on Monthly Chart, the price broke above its long-term resistance line and formed a small double top pattern. This behaviour is very bearish and indicated the breakout is basically a bull trap (all the bulls who chased this breakout are likely to be severely punished when the price suddenly goes the other way).
We can see Double Top even better on the Weekly chart where the price has already broke the neckline. However the price has since moved back above the neckiline and it could stay above for a little longer.
Nevertheless, due to its Double Top Pattern the price will ultimately move (much) lower overtime.
I will be looking for Sell positions on lower time frame.
Eurjpyshort
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 EURJPY 06 Dec, 2021The support at 128.00 has been broken and then re-tested. The H4 view shows that the bears still have the upper hand but I feel that 128.00 will be seen again before the bearish move resumes.
Note also that price has been below the 200 DMA and that by itself is a bearish sign. An entry at / just before 128.00 would permit a small stop loss and my target would be above 125.20 - a nice 4R trade opportunity.
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EURJPY CONTINUATION SHORT www.tradingview.com
Hi everyone!, today I want to bring you eurjpy short, these days there is a panic situation on the stock markets for this reason I would like to buy jpy since it is one of the safe haven pairs of large investors.
I noticed this distribution with the dynamic liquidity trendlines ($) which I expect it to imbalance reaching 75% of the retracement of the entire impulse that caused the rupture of the previous and it also coincides with an important psychological number 128,000 and an area with (x) to mitigate.
As the first targets I identified the gap that has remained open since February and many areas to be mitigated as subsequent targets
EURJPY Trend Analysis over H4 Chart.Overall, EUR/JPY is trending downwards. Recently, EUR/JPY traded into the resistance zone of 128.500.
The German Preliminary CPI m/m data (Actual: -0.2%, Forecast: -0.4%, Previous: 0.5%) released yesterday indicated a decline in inflation for the month of November.
The eurozone CPI Flash Estimate y/y data will be released later at 1800 (GMT+8).
_CPI Flash Estimate y/y (Forecast: 4.4%, Previous: 4.1%)
_Core CPI Flash Estimate y/y (Forecast: 2.3%, Previous: 2.0% revised from 2.1%)
Currently, EUR/JPY is testing the resistance zone of 128.500 and the next support zone is at 127.200.
Look for short-term selling opportunities of EUR/JPY
EURJPY - SHORT (25/11/2021)For me, EUYJPY is in really good bearish trend, we can look by the candle still below the MA trendline. The second reason is when i look into the JPYBASKET, it still in bullish trend and ready to breakout from the bearish trendline, thats why i decided to go short in EURJPY
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
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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
EURJPY, A Clean Setup to Short?Price continues to reject the descended trendline and has formed a resistance at 129.3-129.5 price level.
Significant rejections were formed with momentum confirmation, supporting the potential bearish setup.
Should price continue to respect the analysis and remain below the invalidation level at 129.5, we may be looking at downside movement towards 127.5
Keep a lookout for a potential entry within the 129 - 129.25 range as price may present rejections and continue its movement to the downside
EUR/JPY SELL OPPOTUNITY VIEW......
IF YOU WANT TO PERFECT SELL ENTRY.THEN YOU CAN USE SELL STOP @128.641 LEVEL.
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
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