EJ is at the support level of 1H, it may bounce to the FVG level
This is for short term. Before entering the trade do your own research!
EURJPY to sell when he breaks down, and if you want you can also sell from retest level.
EURJPY Short Risk/Reward: 1:3 Give a Like and Feel free to share your opinions in the comment! Happy Trading 😊
EURJPY Long Risk/Reward: 1:4 Give a Like and Feel free to share your opinions in the comment! Thanks 😊
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...
THERE IS A SELL TREND IN EURJPY ALSO AT PIVOT SO, CAN GIVE PROFIT IF WE GO SHORT ON IT!!! JUST GO FOR IT. :)