Hey Traders, in today's trading session we are monitoring EURJPY for a buying opportunity around 150 zone, EURJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the major trend at 150 support and resistance zone. Trade safe, Joe.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. EURJPY has been overall bullish trading inside the red rising broadening wedge pattern, however it is currently approaching the upper red trendline. Moreover, the blue zone 150.0 is a strong round number. 🏹 So the highlighted purple circle is a strong area to look for...
After price broke structure on the 4h to the downside, this gave us a hint of the first move of the potential retracement to the downside. Price then formed a double bottom(liquidity) that price could target on its way down. Price as currently formed an inducement just below an identified supply zone that it could use to fuel its move down.
eurjpy could be about to correction, but into a choppy phase of distribution
EURJPY correction could be on the cards for the coming sessions.
From the recent low under 140 and the important 143 resistance break, EurJpy has risen more than 1000 pips. However, in the past months seems like the pair lost its power to the upside and could enter in a range trading phase with a top above 150 and a bottom slightly under 147. The price action in the past 2 trading weeks is drawing a H&S pattern on our charts...
AUD/CAD: • If price corrects and a tight flag forms, or it impulses up still further and a subsequent tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it. • If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises. • If...
In the current EUR/JPY price analysis, the bears are putting up a fight to prevent a bullish correction. The currency pair is facing downward pressure within a bearish framework when examining the hourly charts. A notable development is the formation of an AB=CD pattern, further confirming the bearish sentiment. This pattern is observed within a bearish channel,...
EURJPY was looking bullish until we tested our resistance at around 150.90. At this point, we started rejecting it to the point where we have broken out of the channel to the downside. However, considering the fundamentals affecting the japanese currency, this pair should soon continue the trend it started and the leg that was formed in the past few days should be...
Price action analysis on EURJPY. Key levels. Swing short explained. Trading recommendations. Potential scenarios. ❤️Please, support my work with like, thank you!❤️
Looking at the graph, we can clearly identify the formation of the shoulders and the head pattern. The pronounced thickening marked in yellow indicates a significant support and resistance (S/R) level. Once this level is broken, it confirms a downward trend with substantial profit potential. 📉💰 Based on this analysis, the target for the downward movement lies...
EURJPY - 24h expiry Selling pressure from 150.20 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Further upside is expected...
EURJPY displays a bearish harmonic. Downside targets have been calculated and are shown on Chart. Enjoy!
EURJPY initially formed a reversal pattern on the local timeframe. After the price failed to break the 150.2 area, a global "Head & Shoulders" pattern is formed The chart clearly shows an uptrend bounded by resistance and support. Within the uptrend the price makes a false-break and forms a reversal pattern "Head and shoulders". The basis of the pattern is the...
EURJPY H4 We have now sold all the way down to our area of take profit. 5.75R from 150.00 down towards that 149.000. A slightly in excess of a 100 pip range, with just under 20 pip stops. Expecting price to bounce from this price before potentially breaching support. But lets see what unfolds from this trading zone
This is trade idea for EURJPY Day Trade -Buy around FVG or Orderblock according to the confirmation that will occur. -Possible bullish price movement towards the resistance. -Risk Reward 1:2
Hey Traders! 👋 For Day 23/100 of our challenge, we will look at USDJPY upside potential this week. Technicals: - 149 support rejected - 150 resistance breached - Now pulling back into 62% fib Invalidation area: 148.6 That's it for today! See you tomorrow!
EURJPY H1 That 150.00 handle held perfectly, we saw some solid YEN strength here today with the YEN gaining best part of 80-120 pips amongst it's peer majors. Again, seeing corrections of 50-78 as the moment, so the second sell-off wave may be in bound during the eastern session, for those trading it.