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Eurjpysignal

EUR/JPY approaching potential reversal zone.Overview - EUR/JPY is in an uptrend for a long time now. But, price is finding a lot of resistance at the 130.50 area. Despite that, reversal is elusive so far. Let us analyze and find a possible sell entry for EUR/JPY sellers. Analysis - From the chart, you can see that EJ has not been able to break the 130.50 barrier for the last 7-8 days. So, a reversal might happen soon. The area between 130.40 to 131 is the PRZ where we can execute sell trades if there is bearish price action. Probable trade set-up - Based on this, if there is bearish candlestick formation in the PRZ, sell entries between 130.40 to 131 with SL above the PRZ and TP at 128.25 is a possible sell signal. Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be executed only if it meets the required criteria.
Short
by MarcellusLUX
10
EURJPY "potentially" forming false trnedline breakout....Alright so, you'll see I have two red zones drawn, I am bullish on this pair but I'm not sold on the idea it is ready to pump 150+ pips upwards yet. This is a riskier sell potential so it's best to wait for the confirmations. Right now a position is being built at 130.20. The question is...is this position going to be truly bullish or is it a manipulation move to entice people long? That I don't know yet. I look for trap/manipulation setups so i'm analyzing based on what I'd like to see. I'd like to see price break the tiny bearish trendline, and spike above atleast one of the swing points within the trendline, best case scenario is we break just above march's high. If price breaks above one of those, and we get a BULLISH engulfing, that gets reversed on, I will start looking for shorts to 129.20 That will confirm enough for me that they pulled liquidity above the march high, and we should see a sell off. Just watching for now. Let's Elevate, -Gio
by elevatedinvestor
EURJPY SELL | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis for this pair. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity EURJPY . I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗
Short
by BULLSS1993
10
EUR/JPY Trade set-up, sell the double topOverview - EUR/JPY has reversed from the double top at 130.60. So, let us take a look at a possible sell entry which might play out in the next few days. Analysis - As you can see from the chart, 130.60 level is a resistance for EUR/JPY which the bulls could not break previously. Price has reversed from the double top with bearish candlestick formation. Probable trade set-up - Based on the above analysis, selling EURJPY@130.15-130.60 with SL above 131 and TP at 128.20 is a good sell set-up. Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be executed only if it meets the required criteria.
Short
by MarcellusLUX
16
EURJPY SHORT TERM SELL, LONG TERM BUY ProjectionTechnical Analysis 1. Rising Wedge forming 2. Hit Level 1 of Fibonacci Expansion Level 3. Completion of a Flag Pattern Take Profit (Of the Flagpole breakout) on shorter timeframe smaller timeframes (Circled in WHITE) 4. Market is expected to break out of the trendline, hitting our Fibonacci Expansion Level of 1.618 which would push down the market to an area of confluence 5. Using the new Highest Point from the Fibonacci Expansion Level of 1.618 and Rising Wedge Peak, we would project the fall to the new Fibonacci Retracement Level How I would approach this. 1. Sell to 127.150 2. Buy from 127.150 to 136.250 3. Sell from 136.250 to 124.270
Short
by traderprosignals