Eurjpytrade
EUR/JPY Trade set-up, sell the double topOverview - EUR/JPY has reversed from the double top at 130.60.
So, let us take a look at a possible sell entry which might play out in the next
few days.
Analysis - As you can see from the chart, 130.60 level is a resistance for EUR/JPY
which the bulls could not break previously. Price has reversed from the double top with bearish
candlestick formation.
Probable trade set-up - Based on the above analysis, selling EURJPY@130.15-130.60
with SL above 131 and TP at 128.20 is a good sell set-up.
Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be
executed only if it meets the required criteria.
EUR/JPY Sell on Butterfly and completion of Garthley patternEUR/JPY have completed 5 wave in Elliot wave sequence and it is currently in ABC waves. A wave has been established and so has B. With termination of B wave I'm expecting a move towards C to 127.2% of XA move. Also I have noticed that pair is moving in Butterfly formation. With completion of Wave B it was a completion of point D in butterfly formation as well. Trade is Sell towards C and due to Termination of D move in Butterfly pattern. Stop loss is above point D (B in ABC) and Take profit at 127.2% XA move or 1:4 Risk to Reward.
EURJPY - Short FallImpulsive sellers last week will have now have been stopped out in positions opening up liquidity for the banks to take advantage of. Fingers crossed we see a smooth decline from this hourly order block down into my level marked.
The huge gap would have caused some damage with sell stops being activated, again creating more liquidity for the correct move to follow.
EURJPY Potential Sell?G'day Guys.
Here our EJ potential trade setup. Let me explain.
1. In bigger time-frames showing unhealthy market movement. Remember, every time we acting unhealthily we will receive another side effect that cause effecting our life. Same goes to market perspective.
As i always mentioned, Market is Human Behavior.
2. In hourly time-frames, am seeing that market looking for supply zone. Before continue bearish rally.
I suggest to read about
* Human Behavior & Markets Movement
* Policy & Markets Movement.
"The Books NOT in the Markets yet."
I believe you guys will understand how exactly market move.
EURJPY - DON'T MISS OUT!During this mark up, I will be providing you with a visual break down of my prediction of EURJPY ! Before you take a look at this mark up, please be sure to understand that everything is color coordinated to make it easier for you to understand my prediction and perspectives of the market.
BE SURE TO ZOOM IN AND ZOOM OUT TO SEE THE DIRECTION OF THE MARKET!! 😊
Listed below are the steps to my prediction…
1. Yellow Trend Line = Support and resistance mark up
2. Green Lines = represents the higher high and higher lows of the market
3. Blue = The kill zone. Where I am looking for price to make its move.
During my analysis for EURJPY , I went from the 1-hour chart to the 4-hour chart. During that time, I was able to identify a 3-bar reversal looking to go bearish. Starting from March 11th to March 16th on the 1-day chart is where I was able to identify this reversal. If you have any questions about my mark up, please be sure to leave comments below and I will answer your questions as quickly as possible.
Thank you for taking time to view my mark up!