fxpays

Potential EURJPY SHORT?

Short
FX:EURJPY   Euro / Japanese Yen
Hey traders,

Hope you're all having a great weekend.

Price has touched the resistance trend line (A) on 3 different occasions, on the 3rd touch we seen price show strong rejection therefore causing bearish momentum. Right now price is currently on its way to a support level (B). If price breaks this level (B) we can expect EURJPY to continue to drop with more bearish pressure.

Ichimoku Indicator:

-Potential red cloud about to form indicating bearish momentum.

-Red line has crossed above the blue line also indicating bearish momentum.

-The green lagging span line has also broken below the cloud indicating a potential sell.

To confirm the downtrend the support level (B) needs to be broken.

If you find this idea helpful...

Please leave a like as it is much appreciated👍
Follow for more ideas❤
Drop a comment below on what you think of this trade🗨

GOOD LUCK ON YOUR TRADES!😃

Comments

Nice setup bra,clean analysis big up....
+1 Reply
fxpays Nhlanhlangwenya
@Nhlanhlangwenya Thanks for the comment it’s much appreciated✌️💎
Reply
Nice analysis, looking at the same possible short set up. If that does happen I will be playing it towards the 125.138 level for a potential long back up towards the short's original entry.
+1 Reply
fxpays Lenguito_Forex
@Lenguito_Forex Thanks for the comment and good luck✌️
Reply
No words needed ! Very organised, consistent and disciplined!
May 2021 bring all the success and wealth 🎊🙏🏾
+1 Reply
fxpays TRADESBYZION
@TRADESBYZION Thanks a lot brother your comment is much appreciated. I hope 2021 brings you lots of success and you accomplish your goals. Let’s make this year a great year✌️🥳
+1 Reply
TRADESBYZION TRADESBYZION
@fxpays legooooooo 🔥🔥
+1 Reply
You dont need my comments bruh youre a beast
+1 Reply
fxpays FXKing009
@FXKing009 wow thanks man that’s much appreciated👊
Reply
We’re looking for the buys
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out