FX:EURJPY
As you can see that, EURJPY has crated a Inverted Head and Shoulder Pattern in 1Hr Time Frame and Retest also happening, Take entry at buy side if the high of the candle is breached. Plan your trade accordingly....
When it comes to the technical analysis of EURJPY , you might get an impulse to the upside. Based on my technical analysis , there aren't many supports till the Target 1. So you may use this as a buy opportunity. If you are going in, better find a pullback. I have marked a good entry area on the chart; you may use it as an entry area. And also don't forget to...
long opportunity in EURJPY. It is getting bullish Divergence on weekly timeframe . as mention i will take 2 trade 1 1 will book on first target and 2nd on 2nd target. stop LOSS -128.215 TARGET- 130.800
Condition:-
1. Daily Channel Formation
2. Support and Resistance
3. Demand and Supply
4. M Formation
5. COT data - 1.EUR ⬆️ 2. JPY ↕️
ENTRY:-
1. Enter on 4hr timeframe
2. follow the analysis
ALL THE BEST!
EURJPY strong sell now!
Things to consider:
1. Channel formation on daily timeframe
2. Bearish momentum (check MACD & MAs)
3. COT report :- 1. EUR - 33k ⬆️ 2. JPY - 61k ⬇️
How the enter:
1. Study my analysis
2. Locate all the important price areas
3. Entry level is already hit so enter on monday when market is up
4. SL, TP 1 AND TP 2 are given in the chart
5. 2+...
Reasons for trade-
1: Risk Reward 1:3 and 1:5
2. Price broke major consolidation level of 130.60 after 8 days and now returning towards that level
3.Price has created lower high and lower low on 4 hour chart which is confirming downtrend for upcoming days
4.Price closed below major daily support of 131.700
5. Prerequisite for trade is bearish candlestick pattern...
Keep a close eye! EURJPY near to Fibo 61.8 level + Demand zone + Strong SR trendline - All 3 points meeting up
Perfect setup for Entry on Fibo 61.8 level
