If you look at the market structure that occurs in Wave B, the possibility that happens is the correction of A-B-C-D-E and the possibility in the next few days consolidated before reversal occurred. I am of the opinion that the bullish trend has been broken, because the price has fallen more than 2 Snd and sees the next price structure is the correction structure,...
The EUR/JPY has experienced a significant bounce from a critical support level, which includes the upper boundary of a slightly upward-trending channel that has been in place since last year, as well as an ascending trend line that dates back to March 2023. This rebound has created an opportunity for the currency pair to potentially reach the previous high at...
Here is my analysis for EURJPY on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my analysis for EURJPY on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
EURJPY Breakout Trade, place buy and sell stop. Manage your risk according to Account Size!
Do not think that the pair is overbought and it will now, look at Japan economy and their policy. Japan will strong but not now. They are doing great work but their currency is weak against the all pairs.
The EUR/JPY pair extended its losses for the second consecutive day, sliding to 157.40. Strong retail sales data from Japan contributed to the strengthening of the Japanese Yen. Despite hot inflation figures reported in Germany, with CPI rising to 6.4% (compared to the expected 6.3%), and in Spain, with CPI reaching 1.9% (compared to the expected 1.7%), the...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Price has tapped into weekly supply area and a market structure shift on LTF confirming a retracement to 0.382 Fib level and 4H demand level. Entry: 155.864 TP:153.196 SL: 156.516 RR: 1:4 Follow for more :)
FX:EURJPY Sell Day Trade today EURJPY Sell 155.969 Top 155.600 It has reached the resistance and moving horizontal so good opportunity to sell
Asian stock markets could fall in Monday's trade as investors await to see if the recent sell-off in long-dated bonds will last and could ease pressure on the dong. Dollar. The MSCI index of Asia-Pacific shares (excluding Japan), was down 0.02% at 562, but still near the January high of 574.52. Japan's Nikkei (N225) fell 0.4% after hitting a six-month high on...
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.
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...
the possibility of wave 5 cannot continue bullish to go higher than wave 3 and now the price looks like a reversal I marked with a bearish confirmation level line. you can go short at this time.
EUR-JPY is about to reteset A strong horizontal resistance Level at 151.141 So IF we see breakout rising Support Then I believe the pair Will go further down !
Predicting continuation of the uptrend EUR/JPY is a forex quote that represents the exchange rate between the Euro and the Japanese Yen. Traders like to borrow the low-yielding Yen to fund carry trades and buy higher-yielding currencies like the Euro during times of optimism. However, during times of market stress, investors tend to avoid carry trades. EUR/JPY...
We can see that the pair has turned bullish after a short correction. We have also identified certain patterns which further support our bullish basis. These have been listed below: 1: The pair is in a strong uptrend as the price is making new highs 2: Trendline breakout 3: Pennant pattern breakout We will wait for the price to correct on the lower time frames...
Pair : EURJPY ( Euro / Japanese Yen ) Description : Bullish Channel as an Correction in Long Time and Rejection from the Lower Trend Line Impulse Correction SMC - CHOCH Break of Structure RSI - Divergence Falling Wedge in STF