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
". There is still a possibility of temporary retracement to the suggested resistance line (133.42).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
. EURJPYis in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts...
Hello guys i had find this setup in 1d timeframe which is made a resistant in upper trendline and and broken trendline which is given a good opportunity to short for swing trading and plzz before taking any position plzz do your own analysis and if you like my analysis plzz like share and follow thank you
Hello Guys i had find this trade in 4h timeframe which making resistant in upper trendline and also made distribution zone which gives good opportunity to short after break trendline which i drawn you can short with sl above the resistant zone thank you if you like my analysis do like share and follow thank you
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...