EURJPY has formed a double top pattern along with rising wedges, confirming a sell signal. Additionally, other JPY pairs have begun to decline, indicating that EURJPY is likely to follow suit. TP and SL levels have been identified. It is crucial to adhere to risk management principles at all times.
EURJPY tested the upper border of the descending channel, then dropped. The market bounced off the level of 163.500. The support level became resistance. Price action is printing lower lows and lower closes, indicating a bearish trend. We expect completion of the AB=CD pattern, so the price is likely to test the support level. ------------------- Share your...
Straight forward concept with 3 simulations of potential pathways which are anchored in a different perspective with "TIME" incorporated in the baseline of the computations having a different not necessarily heavier weight on the outcome than the regular approach where time is just a ticker for the unfolding events. This is just an experiment that tries to compare...
Price is at 1day resistance but is still forming a new structure in the 30min channel. No sell structure yet so we buy until support gets broken Price is breaking out of the 15min channel where I expect a pullback before strong move up. As always , manage your expectations, good luck
As we can see in H1 timeframe, a clear H&S (Head and Shoulder) pattern has been created. Market is now in a bearish trend. Price is expected to make a re-tracement to the neckline, hopefully creating a Double Top pattern in M15 timeframe, continuing with our downward movement. NB: This is just my analysis from past experiences, hence you need to exercise the use...
As we notice the market created a Head and Shoulder pattern (H&S) which is clearly visible in the H1 timeframe. Let’s watch as market is supposed to re-test the neckline of the H&S and continue going down. #Bearish market!
EURJPY BUY Stop Loss: 163.1 Targets: 163.8 163.9 164.0 164.2 164.4 164.8 165.5
EURJPY is currently displaying an uptrend, characterised by the formation of higher highs and higher lows on the daily timeframe. If the price surpasses the 165 level, it is likely to continue its upward movement towards the next resistance zone at 167. Conversely, a breach of the support at 162 would indicate a potential short-term peak and shift the bias towards...
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 for a long position. I wait price to continue the retracement to fill the imbalance lower and then to reject from bullish order block. Like, comment and subscribe to be in touch with my content!
JPY pairs are staging a comeback after a whipsaw trap on Monday.
We may see some uptrend for now. But later when the price reaches the Sell Limit price we can see a nice downtrend.
EURJPY buy, Price action on a trend basis on the daily timeframe is showing an uptrend with price retesting a key level in the market. Scrolling down on our 4h timeframe we can see an area in the market where price is failing to break the lows a reversal can be observed in accordance with the trend. In addition, most retail traders at the time of this are shorting...
💵Pair Name EUR/JPY Time Frame : 4 hrs Scale Type : line chart + Candle Stick ------ 🔗 Key Technical / Direction ( Short ) Type : Mid Term Swing —————————— Bearish Break 163.600 Area Reasons - Major Turn level - Fixed Range Hvn - Trend Break Out - Fibo Golden Break - Turn Over Trend Bullish Reversal 161.250 Area Reasons - Major Turn level /...
I have followed CHFJPY pair since jan 2nd you can check for the analysis at the time, never got an entry did not enter. Missed the entry for chfjpy yesterday so i just entered on eurjpy pair Eurjpy has been in a very exhausted uptrend and currently every signal shows that its going down now. Let me know what you think about this trade signal and leave a follow...
Embarking on a comprehensive analysis of EURJPY, my findings illuminate a promising opportunity for a BUY position. This bullish sentiment is anchored in a blend of technical indicators, macroeconomic outlooks, and the comparative strength of the Euro against the Japanese Yen. Technically, EURJPY is showcasing a robust breakout pattern above key resistance...
Manage SL during news time, intraday trade tp and sl mentioned not a financial advice
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck