How Far Will EURJPY Go? Picking Short EntriesHey Traders,
In this educational video we will assess another rampant YEN pair and where we are looking short for safer entries based on DCA rules.
It's important to lower size and not go nuts because you THINK the price will stop.
It is important also to have a natural bias for value.
Watch for more and post Qs below.
Eurjpytrade
EURJPY Trading Plan - 27/April/2023Hello Traders,
Hope you all are doing good!!
I expect EURJPY to go Down after finishing the correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
EURJPY sell setupEURJPY is making series of efforts to break the significant area of resistance ahead
we are expecting a move to the downside before any further continuations to the upside
look for bearish confirmation on lower time frame and sell EURJPY with your own money management
always remember patience pays
EUR/JPY is strong resistance level: Time to sell?Hello traders! EURJPY is in a strong resistance level in the daily chart. The area between 147.50- 148.20
is a strong resistance zone from where price can fall 300-400 pips.
I recommend selling the ralies in EUR/JPY with entry price between 147.60-148.20, Stop loss placed
moderately above the resistance zone and TPs at 145.80 and final TP at 143.50.
EURJPY And Historical Market PricesEURJPY is a clear example of when it is a good idea to check back for old PA levels.
This is because the price has rallied and becomes more extreme.
The more extreme price gets the older the PA levels that are relevant become because they have not been hit for a while. As the EUR gains VS the JPY this becomes the case.
You can see to the LEFT handside of the chart denoted PA levels (where traders have created rejection)
That forms the Bias for new moves.
Any Qs ask.
W Formation on EURJPY showing strong upside to 157.57W Formation formed on EURJPY.
Broke out and now is showing upside momentum.
7>21>200
RSI>50 (Higher Lows)
Target 157.57
SMC
Sell Side LIquidity Order block where SM is sweeping sells and buying into them.
Hence we placed a stop loss just below this order block...
NOTE:
This formation is a W Formation and NOT a Cup and Handle because the second rounding bottom is more than 50% of the first rounding Bottom.
If the height was less than 50% then it'll deem it as a Cup and Handle
Broke Resistance ie 143.50 and now looks GoodAs I told you guys in my previous Chart (Link attached)
That after placing low around 142.50 EURJPY mentioned resistance was 143.50 and after breaking it successfully now price is in our favor and running in 150+ Pips of Profit...
Eyeing towards its Ultimate Target of 146...
Congratulations to those who took profit out of this analysis...
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EURJPY - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on EURJPY.
Technical analysis: As we can see here we are in a bearish market structure after the change of character, so I am looking for shorts. I expect price to continue the retracement to fulfill the imbalance higher and then to reject from bearish order block.
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EURJPY SELLWelcome . The euro against the yen. in a very negative state. With the price reaching an important area. It is manifested in the convergence of the descending horn. And re-test the package that the price broke. With very negative candles on the daily chart, there is a lot of pressure from the sellers to lower the market. To 142,500 levels in the first stage. Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you