EURJPY SELL fill you are pocket with $$$HLZ Supply and Demand Methodology
No-1 main Reason at 133.800 which is ATH with monthly high so we can Ride a Free fall
No-2 after that market make a Support flip Resistance 2 times gives a fake out and drop and QML flip
No-3 this area the decision point where market bounce on the right side and making Three Drives setup on M15,i m expecting drop !
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Eurjpyshort
EURJPY | DISTRIBUTION PHASE?EURJPY has been trading with bullish rising trendline as making higher highs and higher lows. The indicator suggestings bearish divergence on the chart. The current phase is a no trade zone and we have two possibilies out there;
a) Bearish Breakdown
b) Bullish Breakup
Trade your levels accordingly.
Japan's PMI hike puts pressure on the euroThe au Jibun Bank Japan Manufacturing PMI increased to 53.2 in March 2022 from a final 52.7 a month earlier, which was the weakest growth since last September, signalling a moderate improvement in the sector, amid declining Covid-19 infections, preliminary data showed. Output returned to expansion territory, albeit only marginally, while new order growth eased to the softest in six months, with slowing in new export order growth. Meanwhile, supplier delivery times lengthened to the greatest extent since April 2011, amid material shortages, notably semiconductors. Purchasing activity growth accelerated, while the rate of job creation slowed, with the rate of backlog accumulation softened. On the price side, input price inflation accelerated to the fastest since August 2008, due to higher energy, oil and semiconductor prices. As a result, output price inflation accelerated. Finally, business confidence remained positive. source: Markit Economics
EUR/JPY Short Trade UpdateHey Guys!
As you guys know, the assumed weekly bias was short. Or in other words, price is likely to reach 114. 40 before reaching 133.68. (Though the main target has changed. Explained in the video.)
However, due to long confirmation forming on the 1h chart for the last 2 weeks, I did not take any further short entries. That said, I did take a loss of -$1800 from the initial short entry I took about 1 month ago.
In this video, I explain what I learned from the loss and moreover my outlook for this pair in the coming weeks.
That's it!
Have a great day guys!
Ken
Disclaimer: This is not Personal Financial Advice.
EUR/JPY Short Trade UpdateHey Guys! Just a quick update!
As you guys know the current weekly bias on the Eur/Jpy is still short. Or in other words, price is likely to reach 114. 40 before reaching 133.68. (Though the main target has changed. Explained in the video.)
In this video, I explain the short position I'm currently holding and the reasons why I took the entry, as well as how I plan to trade this set up in the coming days and weeks.
That's it! I'll keep you guys updated!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.
EURJPY (SHORT) 🔥🔥🔥Line chart view. This is a wedge pattern. This clearly shows exhaustion by the BEARS and we should wait for the BULLS to take over the market.
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck
EURJPY A Great Selling Opportunity 🤨👌Trade Proposal:
There is a probability of first tp to the proposed ( 128.500 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis:
EURJPY is in Downtrend and It is Expected to Continue Downtrend.
The Best Levels To Can Sell EUR/JPY , Many Setups In This Video This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EUR/JPY Short Opportunity: Heading to its trendline resistanceFundamentally EUR is under pressure because of the Russia-Ukraine war. But JPY is also weak a lot. As a result EUR/JPY has advanced nearly 650 pips from its recent swing lows. There is no credit for EUR in such up. Just because the JPY is too weak.
"The longer the war continues, the more likely it becomes that the real economic and inflationary effects for the eurozone will be significant. And that is why that prospect is negative for all EUR-related pairs.
EUR/JPY is one of the major indicators for the stock. If EUR/JPY drops, I have seen the stock also drops. That's why investors use EUR/JPY as a stock indicator.
European countries invest more in the military, defense, and security sectors than their economy. So, if the Russia-Ukraine war keeps continuing, the European economy will harm a long time.
So, I don't think EUR will remain strong against JPY based on the present condition.
So, if we get EUR/JPY in trendline resistance level, there could be a good chance to short EUR/JPY.
ER/JPY short zone ( Trendline Resistance Zone): 132.50/133.00
Stop Out level:
Above the trendline resistance level and high swing zone: 134.30/134.50
Target zone 1: Immediate trendline support: 130.00/129.85
Target Zone 2: 127.50/127.00
EURJPY Short - Risk/Reward 1:2.5 - mid-termShort setup for EurJPY :
With the money flow index and RSI decreasing on the 1W weekly frame, and after a strong reversal from 7th March lows (124.4), EurJpy is expected to see a selling pressure in price levels between 132 and 133. These price levels lie between a strong 1W Finbonacci level and the trendline joining the highs from june 2021.
We look for taking short positions between 132.2 and 133.
SL = 1D close above 134.3 which signifies further bullish continuation towards 137.
TPs and proposed %s for closing the position:
TP1 = 130.5 (20%)
TP2 = 128.9 (30%)
TP3 = 128 (20%)
TP4 = 127 (20%)
TP5 = 126.5 (5%)
TP6= 125.3 (5%)
with an effective closing position around 128.3 (+400pips) this short opportunity represents a Risk/Reward ratio of 1:2.5
Good luck
samurai
EUR/JPY Short Trade UpdateHey Guys! Just a quick update!
As you guys know the current weekly bias on the Eur/Jpy is short. Or in other words, price is likely to reach 114.40 before reaching 133.68.
In this video, I explain the short position I'm currently holding and the reasons why I took the entry, as well as how I plan to trade this set up in the coming weeks.
That's it! I'll keep you guys updated!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.
EURJPY | Breaking TrendlineEURJPY has given a bullish reversal on daily timeframe and since then the pair has been in excellent bullish momentum. Recently price has broken down the falling trendline as well. We are expecting bulls will carry this momentum and push the price to 131 area in near term.
To negate, the bears should push the price lower to 127.500.
Trade your levels accordingly.