CHECK OUT MY BIO.... Knowledge Required to nail OANDA:EURJPY 1, Good understanding of price Trend/directions 2, Absolute respect for Supports and Resistances 3, Knowledge of candle stick patterns 4, Discipline to use partial TP, SL 5, Discipline to wait for confirmations and only act when required See the video for more.
EURJPY 1H Projection I'm bearish on EURJPY As per Elliott Wave 1:1 is completed and I can see bearish on EURJPY. Thanks for support.
EURJPY H8 We are sitting nicely at our previously identified sell zone, we ended the week very red last week, before seeing some corrective play to start the week off today. A swing short to start the week.
Based on the H1 chart analysis, we can see that the price has just reacted off our sell entry at 164.06, which is an overlap resistance. Our take profit will be at 163.55, a pullback support level. The stop loss will be placed at 164.60, an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and...
EURJPY created a rising wedge pattern and we witnessed a breakout and pullback on the structure. Here I expect a further decline in the prices once the price has done with its pullback formation.
After price broke daily high with momentum, it retraced back down and formed liquidity above an established golden zone. It left behind a huge imbalance that it could potentially fill before pushing the the upside to take out the latest weak high since price is in an overall bullish trend.
Pair Name : EUR/JPY 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Break...
Welcome . My analysis of the EURJpy pair on the four-hour frame. Everything is explained in the analysis. Please comment if there is ambiguity in the analysis. Or you didn't understand anything. I will be happy to respond. Good luck everyone
Hello traders, I am observing the 4H chart in EUR/JPY and I have noticed a potential sell opportunity. This could be a potential double top on the 4H chart. So, if the resistance zone holds, traders can consider selling EURJPY@164.88-165 with TP at 163.65 Note that, the sell condition will be valid only if the resistance zone highlighted in the chart remains unbroken.
EURJPY looking to move up one last time before a potential bear run. Soon to rise up to 166.00. Chart is self-explanatory.
Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Market Analysis PT2/2 (12th April 2024) EURJPY Analysis On the 4 hour timeframe, price action has created a a nice support and resistance of about 40 pips wide. This tells us that price on EJ is currently consolidating. There are 2 potential scenarios here: 1) Price pushes higher, breaking through the 4 hour resistance, and retesting it before going...
The price is currently retesting 30m supply zone after a hard drop off Inflation Deflator sell signal. Price may retest purple trendline, but strong 4h supply zone above should hold (green box). We should get a drop soon down to green line. 1:1 RR
The Japanese Yen (JPY) has been making waves in the forex market, but not necessarily in a good way. Major JPY pairs like USDJPY, EURJPY, and AUDJPY have all found themselves in a tense standoff with resistance levels for nearly a week now. This has many traders wondering: is it time to jump in, or should we wait for a clearer signal? **The Resistance...
EURJPY - Short Bearish Trend as LH appears after HH Looking to take entry if S2 is broken
Hello traders! ‼️ This is my perspective on EURJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I expect bullish price action from here as there is a confluence of rejection from bullish order block + FIBO 0.618 level + institutional big figure 164.000. Fundamental news: Tomorrow...
Hello,Friends! We are going short on the EUR/JPY with the target of 164.275 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
The EUR/JPY pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further gains in the coming minutes or hours. Key Points: Buy Entry: Consider entering a long position (buying) above the broken resistance level of...