EURO JAPANESE YENEuro japanese yen reversed from strong demand zone
Trade setuo for intrady
This is only for education purpose
JPYEUR trade ideas
EURJPY LongI'm looking for EURJPY longs, price currently in Daily demand zone, in 1 minute time frame i see EQL seems very good liquidity pool. below that you have 1 minute demand zone or OB, from there we can expect Longs
EURJPYAlmost achieved all targets. now secure your profit by using proper risk management.
Thank you
EURJPY ( DAILY TF)trade duration approx 1month
entry
when daily candle closed above 131.600
sl
130.400
target
136.500
Simple Execution Upward trend line broken out. And stuck drop into below key level. Simple sideways have been expected technically
EUR/JPY Short * 133 handle strong resistance
* head and shoulders pattern breakdown
* 1.618 XABCD
* Negative divergence
* Bollinger burst on 1 HR
MAP ROADBulls will take over for the short time to reach 130.300 . i am expecting a drastic bearish movement to reach 128.900.
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
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
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
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
