EUR/JPY TO 130.242My main target for this pair is 130.500
On the daily we are closing below the previous bullish candles, indicating bearish momentum.
Fibonacci targets are 130.242
Selleurjpy
EUR/JPY TO 126.500Massive head a dn shoulders formation made on EJ, to complete fib retest into 130.000 before shorting into 126.500.
EUR/JPY TO 127.250EURJPY needs some release, the market has created a swing high, and a swing low. the pair has come to retest the fib levels. Now the pair needs to create new lows.
SHORT EURJPY short eurjpy at 130.070 take profit at 127.266 Wait for price to push higher in order to grab that liquidity.
Use proper money management. Tight stops as always
SELL EURJPY
Price is at 127.086 , wait for it to approach level 127.375 then short from there. Targets are at 126.444. Use proper money management.
Once trade activates move stop loss to entry.
Tight stop losses as always.
EUR/JPY TO 118.200EUR/JPY has formed a shooting star on the weekly timeframe. Follows a head and shoulders formation made over the last couple of months.
EUR/JPY TO 122.400I see a long term H&S formation (currently on the right shoulder phase), I see a shoulder top being formed at 124.425 (Fib retest). Before we make the leg down into 122.400.
EUR/JPY TO 123.266EUR/JPY has broken a respected trend line, I see a retest of the zone before we go to the previous weekly low of 123.266
EUR/JPY TO 120.261Fib retest of 78.6% which correlates with zone and weekly high.
Roll into 120.000's, breaking the weekly of 122.400. ⛲️
EURJPY SHORTEURJPY broke out short last week from it’s recent ranging channel. Looking for further opportunities to short the continuation. This pullback needs to end before entry. Waiting on the price action.
EUR/JPY TO 124.000I see a trend line break and retest, before crashing to 124.000 breaking all levels.
EUR/JPY SHORT OPPORTUNITY (4 HOURS):EJ will have one last stab at liquidity region (fulfilling fib retracement) before fall.
