Hello Dear Traders,
EUR-JPY is finally going down after the breakout from the rising support, Just as I predicted yesterday, already 80 pips profit for the last two days.
You find below my analysis for EUR/JPY, the currency pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame EUR/JPY will fall to 130.21 as I am...
Pair Name : EUR/JPY
Time Frame : 4hrs / Daily / Weekly
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
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We seek to spread understanding rather than make money
➕...
Pair Name : EUR/JPY
Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : / Long
➕ Educational
—————**-
Just browsing through my analysis means a lot to me.
✔️ Update - VIP Opportunity
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Up + 60 PIP.
Target 1 Hit ( )
+ 5 % Account Growth
Good luck
Pair Name : EUR/JPY
Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : / Long
➕ Educational
—————**-
Just browsing through my analysis means a lot to me.
✔️ Update - VIP Opportunity
————
Up + 180 PIP.
Target 3 Hit ( )
+ 15 % Account Growth
Good luck
Currently price is testing this Resistance Zone at 130.474.
I expect price will start to drop from this zone to at least at around 127.372.
We can see in previous chart price already make Significant Support and Fakeout.
In H1 TF, we can see a Bearish Engulfing at this zone.
We can see that this pair has hit and filled two supply zones stacked on top of one another. The long-term market structure is to the downside. I can see that there is a weekly demand zone that needs to be filled so looking to take shorts all the way down till that imbalance is filled
D: Downtrend. Price broke support, hit -61.8 and pulled back to support area
4H: Uptrend. Price pulled back to previous support + Bearish divergence
1H: Uptrend. Price hit resistance @ previous support and retraced 23.6% so far + bearish divergence
CURRENTLY:
I am looking for price to:
A: Drop again to previous support
B: Continue bullish to-27 on minor FIB @ 4HR...
The purple dotted line at 130.24 is a very long lasting resistance level. As far as I can zoom in on the chart this level got respected. This is not a moment to open a trade yet but the eventual reaction after consolidation I expect will be a very strong lasting move. Line decides wether we are in a long term bull or bear zone.
Looking to BUY EJ in BUY AREAS and targeting TP AREA for a potential 200PIP catch!
Trade will be executed on signs of reversal. DO not execute BUYS if price breaks through buy area 2 with strong bearish momentum
Trade Safe
The price is unlikely to break above 130.135 now and we can expect an approach to support 129.475.
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Thanks for your support!
Analysis on # EURJPY
The EURJPY may soon reach a major key resistance level near 131.00-131.500 where the market always fell to the downside and just above this level at 132.00 another strong structure resistance level which I prefer.
Trading Plan:
>> If the EURJPY continues upside and tests my first selling zone I will look for a rotation pattern on the...
If we do see continued risk aversion, EUR/JPY remains an attractive venue. If we fail to break the highs at this level we will see a retest or a break of the lows.
Guys as you can see there is morning star pattern also 129.400 is very strong resistance and respected multi times so am taking this trade and if you consider taking this trade please don't risk more than 1% of your account and also keep on eye on the price this analysis can change anytime. have nice day to you all.
