potential TP at 130.625. looking forward to a correction at previous fake bull occurred at the overlap of the London and new York session on 11th October.
Potential for large downside on EJ. Weekly supply orderblock was mitigated and uptrend was broken, Internal liquidity was mitigated to turn price around so next possible target is the previous weekly low as an external liquidity target.
EJ, according to the 50 and 200 MA crossover, is showing signs of a potentially confirmed bear market. This is between a swing and position trade. Use proper risk management.
EURJPY on massive downtrend on the daily and 4hr charts. Price just pulled back into a key level of resistance/support. We will wait till price rejects with bearish momentum before going short. But... If Price does break above this area, we will wait till it retest as support and see if it hold.
CONFLUENCES: - Rejection of key fib level - rejection candles in lower timeframes - Respected downward trend - Rejection of EMA
EURJPY is a short for Next 4 hours.😋💯🔥🔥 Enter Now!!! The downtrend may continue for the whole week. Let's see. For now set TP 129.483 Let's Go!!!
EJ Simple idea What do you think? I have a feeling we may break out of the trend and tp maybe smashed and I may move my tp lower. What do you think?
Head and Shoulders formation to take EUR/JPY to previous day lows.
Massive head a dn shoulders formation made on EJ, to complete fib retest into 130.000 before shorting into 126.500.
Break of structure, fib retest into liquidity zone.
A short position was taking around price 126.03 as price as reacted to bottom of the channel retraced and created a lower high. Will be looking to scale out profits around price 125.20.
Due to the yens strength, this trade is in the sell probability.
So I am mainly looking for buys looking for a quick scalp of 15-30 pips! Making sure I perfectly enter with my buy stop.
SELL EXECUTION of EURJPY in SELL AREA 1 / SELL AREA 2, Looking to close position in TARGET AREAS (+30 PIPS) - TARGET AREA 1 - 30 PIPS - TARGET AREA 2 - 50 PIPS - TARGET AREA 3 (LONGTERM) - 140 PIPS (Price Area 125) Trade at your risk!!!
this looks good to me, three confluences. fell from triple top broke out of bull trend line broke out of corrective move