Hello traders! ‼️ This is my perspective on EURJPY . After a change of character here I look for shorts positions. Price almost filled that huge imbalance and could reject from here to continue the bearish price action. Like, comment and subscribe to be in touch with my content!
We have two potential scenarios for the EURJPY. Unfortunately, none of them will give is a good trading opportunity in the short term. Scenario A The corrective cycle that started in October 2022 is not over, and we will see another wave down before ending wave 2 in the primary degree (green) What to do in scenario A? In this scenario, when the price reaches the...
my next idea for this weak for eur jpy it will be a good idea to sell from this resistant and it is time to fall down
overall directional bias for EJ on bigger TF is long but for now I'm just waiting to see how price would react to 142.930 which is area of support. Overall, I'm eyeing on rebound and areas which are highlighted.
I have analyzed the currency pair of Euro/Japanese Yen (EUR/JPY) and determined that it is currently showing an upward trend based on a technical analysis of the currency pair. First, let's examine the overall trend. Over the past six months, EUR/JPY has shown a steady increase, with the pair trading above its 50-day moving average and 200-day moving average....
Hello traders! ‼️ This is my perspective on EURJPY . Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I expect bearish price action from here as price filled the imbalance and rejected from bearish order block + institutional big figure 144.000. Like, comment and subscribe to be in touch with my content!
We have three consolidation on this chart. This time main target is 149 level!
Hi all The eurjpy has broken through the resistance level of 142.939. We might see a pullback at level 143.631 with a risk-to-reward ratio of 1:4. I intend to keep long eurjpy at 142.283 with a target of 145.235. My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading...
👩🏽💻Technical: The monthly and weekly time frames for EUR/JPY are showing bullish signs, with the MAs of 20/50 and 200 trending below. However, on the daily chart, the price is currently experiencing a pullback, indicating potential bearish pressure. The 1-hour consolidation further confirms the current market situation for EUR/JPY. 🎯 For an ideal entry: You...
EURJPY will continue its upward movement until it hits supply zone.
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.
Hello traders! ‼️ This is my perspective on EURJPY . Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I look price to continue the retracement to fulfill the imbalance and then to reject from bearish order block + institutional big figure 144.000. Like, comment and subscribe to be in touch with my content!
A Clean Trafic between 142.800 to 145.400 which is a nice long opportunity for the trend followers however personally looking for a nice rebound around 145.350 till 145.600 for a long run to the 135.000-134.000 area on the macro scale & higher timeframe on the left-hand side chart
Expected EJ to reject at 142.00, from my rejection zone (red box). AS you can see the market played by that structure, i'm considering a sell run to correct the bulls formed from last week's ascending triangle which occurred on Wednesday and that of Friday's session. Expecting a sell momentum to push this EJ to a possible 300 pips with final TP valued at 138.70...
hi all The eurjpy is currently trading at 139.54 and is attempting to break through daily resistance at 142.9. If the price breaks through the resistance level, it is possible that it will rise to 145 - 146. I'm still slightly bullish on this trade. My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market...
BRAKE OUTS BEGINNER TRADER -= helps you get an idea how to trade chart patterns - stay tuned to this and lets see how this chart patterns goes
The labels I used on the chart explains the setup and my reason for a buy trade. Taking a closer look we notice a break of structure to the upside indicating an up-trend. To catch the maximum pips with a good RR we wait for price to pull back and which it generously did in this chart providing us with a fairly good 1:3 RR. Now I pray price continues its trend up...
The price is expected to move upwards to the next highlighted zone, incase the price moves below the previous high and breaks the support, then the forecast will be considered invalid.