Dear traders, we can see the formation of a potential triple top pattern in EUR/JPY. EUR/JPY is currently in the resistance level. So, if we see bearish price action that this resistance zone, we can consider selling EURJPY@ 151.30-151.60 with SL above resistance and TPs at 148.73, 146.60.
With price action analysis and price structure analysis, it is expected that the price will reach the specified targets.
For the second consecutive day, EUR/JPY has scaled higher, reaching a two-week high on Tuesday. The ongoing upward move is supported by the policy divergence between the European Central Bank (ECB) and the Bank of Japan (BoJ), favoring bullish sentiment. Traders are now eagerly awaiting the upcoming ECB decision and BoJ meeting before making fresh directional...
EJ presenting 2 lovely bullish engulfings on the daily and looking to want to complete the same on the weekly. We are simply going to enjoy the ride up
Hello,Friends! We are targeting the 149.285 level area with our short trade on EUR/JPY which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
there is a considerable possibility to short at the moment. looking at the existing pattern, it could be that wave 2 has formed, you can short with SL restrictions above the invalid area.
there was a BOS to the buy side since weeks ago to the buy side and now we trail it through h4 and m15 so now we see a clear bos on m15 and we ride the buy as we should to the high on D1
EURJPY looks bullish. Price remains in the channel. It has retested the lower boundary of the channel and confirmed it as a support once again. We're expecting the price to rise from here and retest the upper boundary of the channel which is a final target for longs and entry for shorts. Take profit: 151,319 stop loss: 147,038
OANDA:EURJPY The price has reached the upper trend line and Gartley pattern has also been formed. I expect the price to fall to the specified areas.
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...