Looking to Sell EURJPY Into Resistance Zone | Sept 4th

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EURJPY – Approaching Key Resistance Zone
The EURJPY is approaching a key resistance zone which has rejected price now 3x, with the smallest move being over 100 pips, and the largest being over +260 pips. Although on the daily chart the pair is building a series of HL’s (higher lows), there could be a good low risk – high reward opportunity to sell in this resistance zone.

I’m looking for intra-day sell signals between 132.15 and 132.75 with minimum targets set at 131.15, and larger targets around 129.85. So watch the 4hr or 1hr charts for price action sell signals in this resistance zone. A 4hr close above 133 suggests an attack on 133.81 which would be the 3 month highs.

price action resistance zone eurjpy 2ndskiesforex

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Buddhist, Trader and Philanthropist

I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

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  • Bill K

    Good read Chris, I tracked this trade and was amazed at what happened! But it dropped right at the high so I was not able to get in. What are you seeing that told you so far ahead that it was likely to pull back like it did?

  • Chris P.

    Hi Chris…enjoy your articles! I have a question and sorry if I sound like a newbie…I find it easy enough to find areas of resistance, as you have found but (as in this case) do you ‘buy on the way up’ as well? ….Selectively? Never?

    • Hello Chris,

      Thanks for the positive comments on the articles. I am glad you like them.

      As to your question, it would depend upon the price action and where the buyers were stepping in. The closest I can get to them, then better. If the opportunity is there, I’d consider it along with potential risk/reward along with my ability to consistently make money on this setup over time.

      So hopefully this answers your questions.

      Kind Regards,
      Chris Capre