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Eurjpyshort

EUR/JPY-SELL STOP ENTRY 141.200 - Risk Ratio 2.1LIVE TRADE SIGNAL: SELL STOP: 141.200 RISK RATIO: 2.1 HOLD PERIOD: 4HRS - 3DAYS TRADE TYPE: DAY ........................................................................................................................................ Technical Analysis detailed from Chart price action, overlays and indicators. *leave comments or message me about how I can improve information I provide. Safe trading. CHART: Price formed a respectable downtrend ( consistent lower high and lows ) Previous breakout of support level and during the price retest around 141.600 (previous support/new resistance) price crossed above immediate downtrend line. MOVING AVERAGES : Both short and long term meets ( indecision ), price above moving averages but closing gap. VOLUME: More selling than buying volume in the most recent days. Stoch RSI: Sloped downward, short crossed below mid level, long is at mid level. There is a nice amount of room for price to fall to/slightly below trend line and slightly above support level. VI: Bullish; moving averages indicates price is deciding which way price should go ( indecision; confirming trading range and supports range levels to eye for breakouts ) SENTIMENT: S/T short, seeing price reach just below trend line or current support level ) Entry: Sell limit 141.200 Risk Ratio: 2:1
Short
by charrison4300
EURJPY Potential Symmetry 4h1. Fib Channel - price action potentially inside of fib channel 2. AB=CD - potential AB=CD structure inside of channel. AB handle of 95 bars, potential symmetry with CD handle of 95 bars 3. Fib Projection - AB handle with 100% fib projection, CD handle potential 100% fib projection 4. Date & Price Range - symmetry between the 2 bearish moves within AB handle (25 bars/6days + 526 point drops). Potential symmetry between 2 bearish moves in CD handle 5. Price Target - watching bearish push down to resistance turned support and all of the above CD handle projections at 137.20 - 138.00 range
Short
by JabezZinabu