Hello,Friends! EUR/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 6H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is...
OANDA:EURJPY The price of the currency pair is expected to start a downtrend after reaching the resistance level of 164.911 Consider your risk management before entering a trade. Pay attention to economic news and events that may affect the EUR and JPY exchange rates
My dear friends, EURJPY looks like it will make a good move, and here are the details: The market is trading on 164.86 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 164.12 About Used Indicators: Pivot points are a...
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURJPY pair which is likely to be pushed down by the bears so we will sell! ❤️ Please, support our work with like & comment! ❤️
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURJPY has been overall bearish , trading within the falling flat wedge pattern in red. Currently, EURJPY is approaching the upper bound of the channel acting as a non-horizontal resistance. Moreover, it is retesting a demand zone marked in green. 🏹 Thus, the highlighted...
Preferred direction: SELL Comment: All previous long trades that we gave for this pair earlier have been closed. Today we are looking at the long-awaited short that so many have been waiting for. However, everyone needs to realize that we are considering this sell trade more in the short term. The global uptrend is strong and is likely to continue. Looking at a...
✅EUR_JPY has retested a key resistance level of 165.178 And as the pair is already making a bearish pullback A move down to retest the demand level below at 164.000 is likely SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
EURJPY is trading in range bound with 250 PIPS range. some time ranges are the best things to play just buy the support and sell the resistance. as this one is 250 pips range which can deliver fine risk to reward. currently the price is at resistance level and being rejected due to selling pressure. will the pair head back to support area ? what you guys think of...
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.
The Elliott Wave formation on EURJPY suggests we’re in the midst of a corrective phase, with the currency pair possibly gearing up for a descent. After completing an ascending wave (4) that has retraced to the 0.382 Fibonacci level, a bearish wave (5) seems imminent, indicating the potential for a SHORT opportunity. The Fibonacci retracement levels drawn from...
EUR/JPY could rise towards an overlap resistance and potentially reverse off this level to drop lower. Sell entry is at 164.62 which is an overlap resistance that aligns close to the 78.6% Fibonacci retracement level. Stop loss is at 165.45 which is a level that sits above a multi-swing-high resistance. Take profit is at 163.61 which is a pullback support that...
💹 Let's analyze and review this forex pair together. 🌐 Outside of the chart, we're witnessing the weakening of the Japanese yen in the long term, with bullish market cycles against the dollar and the euro. Over time, this currency is gradually losing strength compared to global powers. 💰 In the weekly timeframe, we're entirely bullish and encountering...
EURJPY - 24h expiry Price action looks to be forming a top. A Doji style candle has been posted from the high. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. We look to sell rallies. Although the anticipated move lower is corrective, it does offer ample risk/reward today. We...
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.