Fundamentals & Sentiment EUR: - Rate cut expectations differential JPY: - Possible intervention (Yen up) Technical & Other Setup: S(RTF) Setup timeframe: 4h Trigger: 1h Medium-term: Sideways Long-term: Uptrend Min target: Local support Risk: 0.36% Entry: Sell limit
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...
The recent price action on the EURJPY pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down. ❤️ Please, support our work with like & comment! ❤️
The EUR/JPY cross has seen continued growth for the third consecutive session, currently hovering around 165.10 as of the time of writing. This upward movement comes amid mixed Purchasing Managers Index (PMI) data from Germany and the Eurozone, which has contributed to the Euro gaining ground against the Japanese Yen. Taking a closer look at the technical aspect,...
4h sideways turtle soup scenario 15m bearish engulfing 15m bearish ob
EURJPY is in a support and resistance zone with double touches, making it little stronger and we can see price tap the second time and if we zoom to the 30mins TF, we can see it clearly. We wait for breakout and retest and we go short
Price is falling towards a support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 165.195 Why we like it: There is a pullback support level which aligns with the 23.6% Fibonacci retracement. Stop loss: 164.439 Why we like it: There is a pullback support level which...
this pair is going up inside a parallel channel trend is bullish until trend line breaks bearish if trend line breakout (breakout retest repeat)
EURJPY is currently experiencing a robust uptrend. Following a recent high, the market has been trading in a wide horizontal range. A bullish breakout above the range's resistance could indicate a continuation of the upward trend, potentially leading to price levels around 166.00 / 166.50.
Hey there on 1htF the EURJPY looking for short area 165.700 and other short area 166.200 So we can see that can be manipulation candle and go downside like as waterfall We observe from these areas can be now touch with bias and make your target
EURJPY Short at LH (also 0.618 FIB , bearish div occur) SL , TP mention in chart Analysis at 4 hour
Hello,Traders! EUR-JPY is trading in an Uptrend and the pair Made a breakout of the Key horizontal level of 165.243 And the breakout is confirmed So I think that we will see A further move up Buy Like, comment and subscribe to help us grow! Check out other forecasts below too!
A sell stop opportunity seems to be presenting itself due to a bearish divergence being formed according to RSI.
EUR JPY PRICE - here we can see that price created a consolidation waiting for break out of up trend line, price has to balance the liquidity to 0.5 level fib make a short entry as shown in the picture, follow for more live updates...
One of the profitable skill you need to understand is market structure it's a critical skill that will implove on your trading journey this the best price action strategy that work with the market conditions
Here I have EURJPY on the Daily Chart! Currently you can see price back up at the Resistance Area of ( 164.3 - 165.3 ) after having tested the Rising Support 4 times with each time successfully having Strong Bullish reactions ... this Price Action has formed what looks to me to be a Bullish Triangle Pattern! Fundamentally, there's a lot to unpack but with JPY...
EUR/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
Thesis: EJ has tapped into previous day support. It has since then printed a ‘morning star pattern’ that has been retraced 50% into by the following hour candle which ‘closed bullish’.