EURJPY cuts down the uptrend line. At the same time, the price broke through the resistance zone at 161.89. Currently, the price is recovering to backtest the resistance zone. At this point we can consider entering 2 orders #1 SELL SL: 163,047 TP: 158,414 about the 50% zone of Fibonaci #2 SELL Stoploss: 163,047 Takeprofit: 155,490 about 76% of Fibonaci #3...
EURJPY - Intraday Buying pressure from 161.68 resulted in prices rejecting the dip. The current move higher is expected to continue. Short term bias has turned negative. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Although the anticipated move lower is corrective, it does offer ample risk/reward today....
The EUR/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a triangle pattern. Key Points: Triangle Breakout: The price has been trading within a triangle pattern, characterized by converging trendlines. This pattern can be interpreted as a continuation of the prior trend or a potential reversal...
EUR/JPY has been BULLISH since July of 2023 so its abrave man (or a fool) who calls the top on this particular pair. That said the current wave of BUYING started earlier this month and there are clear signs that EUR/JPY BULLS are taking a breather. The SELL signal line of the Andean Oscillator is rising and the green buy line is crossing south over the signal line...
Same a EUR/ USD waiting for a pull back or a break out. the preferred entry would be a rejection from the yellow line following a 4h close and a bullish candle on the 30m or 1h
Dear traders, EURJPY recently has been overbought, and price is currently at the crucial level. There are two possible swing entries which can be utilised properly. JPY plummet to lowest, making it one of the worst performing currency on currencies index. Take sell entry with accurate risk management, no more than 80 pips in stop loss. If first entry fails, take...
. Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Hello Traders! I am looking for a bearish move from this supply because the price reach a big supply on D1 timeframe. On this D1 supply the structure starts to be bearish, price breaks a low point on H4 tf. On M30 tf price grabs LQ from the previous high point, let's see. I'm looking for a 1:5 RR trade. Have fun!
The EUR/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a bullish channel pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of...
Most Asian currencies fell on Thursday, while the dollar stopped falling as a series of signals from the Federal Reserve suggested the central bank is likely to keep interest rates high for a while. next. Weak purchasing managers indexes (PMIs) from Australia and Japan also kept Asian traders in favor of the dollar, as business activity in both countries slowed...
Hello traders! ‼️ This is my perspective on EURJPY. Technical analysis: Here we are in a bullish market structure from 1H timeframe perspective, so I am looking for a long. I wait price to make a retracement to fill the imbalance and if price rejects from bullish order block + trendline I will open a long position. Like, comment and subscribe to be in touch with...
Finally, EURJPY arrives at resistance 162.500. The long awaited move has arrived. Targets reach 160.3
Just like EUR/USD we can see an M-Top candle pattern has formed just below key resistance of WR1 on EUR/JPY. The neckline at 162.11 has been broken so I'm in SHOT on this pair. The pair fell just short of reaching key WR1 Pivot which is a concern so my STOP on this trade is above this level just in case we see some late buying in an attempt to hit WR1. The double...
⭐️ Smart investment, Strong finance ⭐️ Personal comments NOVA: Strong resistance zone at 161,900, no important economic data today, correction DOWN ⭐️ SET UP EUR/ JPY PRICE: 🔥SELL zone: 161.870 - 162.070 SL 162.370 TP1: 161.570 TP2: 161.270 TP3: 160.870 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas...
Based on the daily timeframe, eurjpy appears to be adhering to an ascending channel, with the completion of the 5th Elliott wave and the subsequent ABC wave pattern. Currently, it has reached a 78% retracement of the last impulse move, indicating a potential reversal. As the (B) wave concludes, the price is likely to descend further to complete the (C) wave,...
Hello Traders! This is my idea related to EURJPY M15. I expect a sell-off on the EURJPY, and a market correction on the JPY basket, that's why my bias will be for short entries. In the first phase, I expect the old highs to be taken before going bearish, it confirms, I will look for short entries. Traders, if you liked my idea or if you have a different vision...
1-Month High (161.858) is a strong resistance. EURJPY has lost its upside momentum, so consolidation is underway, at least to a more significant support at 158.070. Technical data is supported by signs of recovery in the Japanese yen.
EUR/JPY is in the process of possibly carving out an M-Top candlestick pattern at a level of historical resistance. The neckline comes in at 160.74 which will be our entry. We are looking for a 1:1 trade so our STOp is above the last high and our take profit comes in at 160.24 though this is below the 2090 EMA on H1 and its likely that if the trade does trigger...