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 lower time frame to get in short trade with good reward to risk if the rules are met.
>> If the EURJPY continues upside and did not show bearish behavior at the first selling zone I will look for a rotation pattern near my selling zone number 2 on the lower time frame to get in short trade with good reward to risk if the rules are met.
⚡ Be aware due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only*
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 lower time frame to get in short trade with good reward to risk if the rules are met.
>> If the EURJPY continues upside and did not show bearish behavior at the first selling zone I will look for a rotation pattern near my selling zone number 2 on the lower time frame to get in short trade with good reward to risk if the rules are met.
⚡ Be aware due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only*
