EURJPY is currently showing signs of a Bearish Crab Harmonic Pattern (XABCD) on the 4-hour chart, indicating a potential reversal in trend. Additionally, the price is approaching a significant trendline, further supporting the bearish bias. Bearish Crab Harmonic Pattern (XABCD): The formation of a Bearish Crab Harmonic Pattern suggests that the price is likely...
Yen falls as USDJPY heads in the direction of a hundred and fifty five However, the Japanese Yen did little to enhance in opposition to the weaker dollar, with USDJPY buying and selling close to a 34-12 months excessive and close to the a hundred and fifty five level. The yen weakened whilst a sequence of Japanese officers warned of presidency intervention to...
EURJPY formed a rounded top near dynamic resistance and returned to the ascending channel. The chart has formed a pattern AB=CD. The past touch of the dynamic resistance ended in a reversal of the move. We are expecting a pullback. ------------------- Share your opinion in the comments, and support the idea with a like. Thanks for your support!
Trading FX is a risk/reward exercise. And the greatest reward for the least risk is taking trades that relying on experience. I've traded Fx for over 20 years so I recognize chart patterns and price movements without really thinking about hem. If I was teaching how to trade FX I would be advising novice or inexpereinced tarderes NOT to take a trade like this but...
EURJPY is moving in an ascending channel. The volatility continues to decline, which means that a new impulse is about to emerge. The price is approaching the psychological resistance level of 165. The chart has already reacted twice with a sharp decline after reaching the dynamic resistance. We expect a pullback to the 50% retracement level after the...
EURJPY is moving in a descending channel. The chart has reached a strong resistance at 164.500 We think that after retesting the resistance, the price will fall back to the 38% retracement level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Hi friends, I brought the FOREX interesting charts The buying force is making adjustments by beating the sell-off and rising. If the Fibonacci 0.618 section is set as the primary target and breaks upward, the AB=CD pattern can reach the 1 value D
EURJPY 1H Projection I'm bearish on EURJPY As per Elliott Wave 1:1 is completed and I can see bearish on EURJPY. Thanks for support.
We expect further downside on this pair, signalled by the formation head and shoulders pattern breakout. We can also see the breakout of a short-term trendline and key level supports our directional basis
Welcome . My analysis of the EURJpy pair on the four-hour frame. Everything is explained in the analysis. Please comment if there is ambiguity in the analysis. Or you didn't understand anything. I will be happy to respond. Good luck everyone
Hello traders, I am observing the 4H chart in EUR/JPY and I have noticed a potential sell opportunity. This could be a potential double top on the 4H chart. So, if the resistance zone holds, traders can consider selling EURJPY@164.88-165 with TP at 163.65 Note that, the sell condition will be valid only if the resistance zone highlighted in the chart remains unbroken.
EURJPY looking to move up one last time before a potential bear run. Soon to rise up to 166.00. Chart is self-explanatory.
Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Hello traders! ‼️ This is my perspective on EURJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I expect bullish price action from here as there is a confluence of rejection from bullish order block + FIBO 0.618 level + institutional big figure 164.000. Fundamental news: Tomorrow...
Thursday, 04.04.2024 We took the previous weekly low and touched my 8 EMA. On the daily timeframe, we witnessed a strong rejection with momentum from my daily VWAP low. Now, I wait for a pullback before buying. Currently, we are at a 4-hour resistance level, so I'll wait patiently, but my bias is long. There's a chance for a push down to hit my 0.382 Fibonacci...
**Monthly Chart (Bullish)** Last month's candle closed bullish suggesting a continuation of the bullish trend at least to break the monthly high of Oct 1998 at 164.536 and move ahead towards testing the high of July 2008 at 169.96. **Weekly Chart (Bullish)** Last week's candle closed bullish. However, it is still within the range of the previous week’s...
Euro Looks Stronger then the Yen, And We're Respecting Significant Discount Arrays, So am Long EJ.
EURJPY Trade Breakdown Price broke through the 1 hour bearish orderblock during London. This resulted in a creation of a 1 hour Market structure shift to the upside. So once price retested, the 15 minute orderblock and broke its own higher high on the 15 minutes timeframe, I entered a long and place stop loss at the 1 hour orderblock low targeting a...