EURJPY- JPY BULLET TRAIN MAY TAKE A HALT & REVERSE ITS DIRECTIONSymbol - EURJPY
EURJPY is currently trading at 168.200
I'm seeing a trading opportunity on sell side.
Shorting EURJPY pair at CMP 168.200
I will be adding more if 168.600 comes & will hold with SL of 169.000
Targets I'm expecting are 165.400 & beyond.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
Eurjpyshort
EURJPY SELLFOREXCOM:EURJPY
Hello traders , here is the full multi time frame 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. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied...
Keep trading
Hustle hard
EURJPY - 1H PROJECTIONDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
EURJPY - 1H PROJECTIONDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
EURJPY || M15I used Smart Money Concept
Order blocks ,we use SMC concepts which we follow daily and use them to trade
Order blocks and order flow
Also we verified using fib levels
Disclaimer: Don't take trades based on this ,its my analysis .Do your own analysis and take trade, you are solely responsible
Thank You
EURJPY ANALYSIS ON H4 CHART.Overall, EUR/JPY is ranging across.
The French flash PMI data will be released later at 1615 (SGT).
French Flash Manufacturing PMI (Forecast: TBA, Previous: 55.6 revised from 54.9)
French Flash Service PMI (Forecast: TBA, Previous: 57.0 revised from 57.1)
The German Flash PMI data will be released later at 1630 (SGT).
German Flash Manufacturing PMI (Forecast: TBA, Previous: 57.4 revised from 57.9)
German Flash Services PMI (Forecast: TBA, Previous: 48.7 revised from 48.4)
The eurozone flash PMI data will be released later at 1700 (SGT).
Flash Manufacturing PMI (Forecast: TBA, Previous: 58.0)
Flash Services PMI (Forecast: TBA, Previous: 53.1 revised from 53.3)
Currently, EUR/JPY is bouncing off the support zone of 128.800 and the next resistance zone is at 130.000.
Look for short-term selling opportunities of EUR/JPY if it breaks the support zone of 128.800.
💡Don't miss the great sell opportunity in EURJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (129.59).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 35.
Take Profits:
TP1= @ 128.52
TP2= @ 128. 01
TP3= @ 127.51
TP4= @ 127.18
TP5= @ 126.44
SL: Break Above R2
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EURJPY ANALYSIS ON H4 CHART.Overall, EUR/JPY is trending upwards. Recently, EUR/JPY broke the support zone of 130.000.
The eurozone CPI y/y data will be released later at 1800 (GMT+8).
Final CPI y/y (Forecast: 5.0%, Previous: 5.0%)
Final Core CPI y/y (Forecast: 2.6%, Previous: 2.6%)
The European Central Bank will be releasing the minutes for the most recent monetary policy meeting later at 2030 (GMT+8).
Currently, EUR/JPY is trading towards the resistance zone of 130.000 and the support zone is at 128.800.
Look for short-term selling opportunities of EUR/JPY.
EURJPY Strong Sell (multiple reasons) 📉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+ Risk:Reward
ALL THE BEST!