EURJPYAlmost hit all TP's.
Next update will give soon.
Those who took this trade from last week got a good profit with their risk reward ratio.
Thank you
EURJPY trade ideas
EURJPYShort... This could be a good 13:1 short position to start the 4th quarter. I am waiting to get some proper price action that will show proof of a true reversal in this area. Based off of the historical data price action has presented it is certainly possible that this is the logical expectation. This upcoming mitigation off of this 4H bankers candle will solidify my entry between the open and Tuesday Asia session.
💡Don't miss the great sell opportunity in EURJPY
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (128.800).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURJPY is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 29
Take Profits:
TP1= @ 128.460
TP2= @ 128.219
TP3= @ 127.930
TP4= @ 127.539
TP5= @ 126.995
SL: Break Above R2
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EURJPY EJ facing strong base from 128.613 to 127.036.
if price comes below 128.300, sell (short)
if price comes above 130.727, then buy (Long)
there is also possibility to make a H&S pattern in 4H chart.
Everything analyzed on chart.
Thank you
EURJPY Descending triangle #interestingAn interesting Descending triangle is forming as drawn on the chart
Moving Averages indicating long term Fall
1:4 risk reward SHORT TERM sell19 pips sl 50 ~60 pips tp... short term retracement for HIGHER tF... liquidity below (Reason to sell)
EURJPYBUY option (double bottom pattern in 4H chart)
Entry: 128.576
SL: 127.587
TP 1: 130.538
TP 2: 132.431
TP 3: 134.124
Eur-jpy 4 hour timeframeEUR/JPY made an double top and gave a clear break down with retest if 129.600 breaks it will reach the following zones i marked. Thank you! This is only for education purpose.
EUR JPY Long trade - 4 hr support/ resistanceLong basis the support/resistance on the 4 hr levels.
Assume the trend will continue long.
EURJPY BULL RUN !!!Wait for the pull back at the entry zone and enter at the marked entry zone where fibo gives great support to enter and wait in patience to achieve tp
EURJPY SELLEURJPY SELL
Strong support multiple rejection from supply zone
EURJPY
SELL @ 129.65
SL 130.16
TP 128.50
Use proper money management
Move SL to BE when trade running 30+ pips
Eurjpy break and retest Go for long as we see eurjpy break the downtrend sloping trendling so it will retest the trend line and go up .
EURJPY Short positionFormed a decent Head & shoulders pattern and retested at the level (Trendline). can go for the short position. Just published with what I had in mind. please do comment if you find mistakes in this, it"ll help me a lot.
Sl - 129.320
TP1 - 128
TP2 - 127.500
TP3 - 126.500
