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Eurjpyshort

EURJPY upcoming Bearish outlook for D1Good day traders, Although the EURJPY rejected on our local resistance, it is creating a bullish flag. We are currently holding a buy/ long position on this pair seeing that it is yet to complete the bigger picture (Bearish Gartley). Selling at this point would be premature costing us thousands of pips in a drawdown. You can wait for the breakout of our bullish flag and take advantage of the pips going up before you maximise on your short/ sell trades. Please note that this analysis was done on the daily timeframe and therefore, it will take some time before we start selling. For scalping options, I recommend you do your owwn analysis but keep the overal picture in mind as it may affect your scalping decisions. In my opinion, patience is always key. Feel free to share your thoughts. Disclaimer NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
Short
by Mezzoforte_Privilege
3
EURJPY short idea While I think that the Yen has topped, there is always the possibility of another massive leg up but at a much later time. So what I'm going to do is to long it on one of the weakest pair around, with the EUR getting weaker on many fronts after the recent big move. Seeing many wicks to liquidate early shorters and shake out the tree before the eventual move lower. The red line is the stop loss, and I'm pretty sure that we could see some wicks there just in case, so consider placing a limit there if you think it is too early. The 2x Green lines are the TPs.
Short
by PurpleGoat