EURJPY Expanding much higher towards a daily Liquidity hunt
Please, check our technical outlook for EURJPY. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 163.399. The above observations make me that the market will inevitably achieve 162.547 level. P.S Overbought describes a period of time where there has...
Hello traders, I would like to see EUR/JPY drop from these levels. We have a nice Fibannoci setup along with a retest area. Share your thoughts and ideas. See more information below 👇
Pair : EURJPY ( Euro / Japanese Yen ) Description : Completed Impulsive Waves " 12345 " and Corrective Waves " abc " and makings its Impulsive Waves ( Bearish ) Again. Rising Wedge as an Corrective Pattern in Short Time Frame and it can Reject from the Upper Trend Line or Fibonacci Level - 78.60% Entry Precaution : Wait for Rejection or Breakout
EURJPY underwent a correction at the onset of the Tokyo trading session following the release of Japan's National Core CPI data on November 24, 2023. Despite the data indicating a slight increase from the projected 2.8% to 2.9%, it's crucial to note that this led to only a minor correction in this currency pair. This correction aligns with market movements...
Clear trendline breakout with retest on lower trendline. Sell limit set from order block and imbalance on 1hr timeframe. waiting for equal high liquidity to be filled. Could be a great 1:9rr. If triggers running in 1:1rr will be trailing sl to previous lower high.
#EURJPY UPDATE Hey traders,Welcome to Anna trade charts. Hope you are enjoying your trading journey and our trading analysis too. Today Anna is monitoring the pair EURJPY. EURJPY will go down soon. The reason behind this is that it breaks the more the 2 levels with momentum and didn't retest back, also there is a rising wedge pattern as well. Here we have more...
Eurjpy has been broken the flag pattern and it has tested.so we can do long by taking a small risk
EURJPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 161.575 Why we like it: There is a pullback support that aligns with the 23.6% Fibonacci retracement level Stop Loss: 160.440 Why we like it: There is an overlap support level Take Profit: 163.559 Why we like it: There is a...
Preferred direction: SELL Comment: The Japanese yen also performed well, and it was shorts on this pair that allowed us to close the target on the previous trading idea. Now the bearish mood remains and in the near future the long-awaited level of 147.801 is expected to be touched. Near this level, especially below it, there is immediately quite impressive...
Preferred direction: SELL Comment: The euro worked out exactly our previous long scenario. At the moment, the growth is most likely exhausted in the short term and a pullback is expected. The rollback is expected to be towards the nearest support at 1.07750. This is the main scenario. The second scenario assumes that buyers will be able to gain a foothold at...
EURJPY is moving in an Ascending channel on the 4 Hour Time Frame and the market has rebounded from the higher low area of the channel. We expect the pair to re-test the key support levels listed on the chart, We are taking this trade based on technical analysis and candlestick patterns. These are long-term trades, It is advisable to have enough margin to...
Well, as you can see the market structure is bearish, so we just looking for a sell. Now we have a bearish order block that we can expect to push the price down. As always, we need LTF confirmation in the bearish order block. 💡Wait for the update! 🗓22/11/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
FX:EURJPY retreats for the fourth session in a row and visits multi-session lows near 161.20 on Tuesday. Further downside appears well on the cards for the cross in the short-term horizon. That said, losses could then accelerate to the provisional 55-day SMA at 158.93 ahead of the interim 100-day SMA at 158.07. So far, the longer term positive outlook for the...
Hi Friends! Let’s analyses this pair from multi time frame. Weekly : Japanese Yen Index is getting rejection at strong Weekly support. Meaning, there will be a SELL pressure for all JPY related pair H1 : Multiple bottom pattern got breakout. Let’s wait for price to re-test Bearish Order Block + Resistance to SELL
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EURJPY started a correctional movement. Here are the important key levels to watch. Support 1: 160.43 - 160.85 area Support 2: 158.90 - 159.60 area Support 3: 157.72 - 158.14 area Support 4: 156.52 - 157.18 area Support 5: 154.39 - 154.90 area Resistance 1: 164.18 - 164.30 area Watch carefully these supports. From one of those, a bullish trend-following...
Price is falling to our buy entry at 161.00, which is a pullback support level, aligning with the 50% fibo retracement. Our stop loss is at 160.09, which is below the 61.8% fibo retracement. Take profit is at 162.05, which is a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be...