EUR/JPY|HTF Analysis| Friday, 10 May 2024EUR/JPY -supply above the price + IMB look for confirmations if you are gonna enter by forex_with_quality0
EUR/JPYThe "bullish crab" pattern is a specific harmonic pattern utilized in technical analysis to identify potential trend reversals in financial markets. It's considered one of the more advanced patterns and is based on Fibonacci ratios and geometry. Here's an overview of its main characteristics: 1. **Initial Move (XA)**: The pattern starts with an initial move from point X to point A, representing the first leg of the pattern. This move can be in either direction but is often against the prevailing trend. 2. **Correction (AB)**: After the XA leg, there's a corrective move from point A to point B. This leg usually retraces a significant portion of the XA leg, typically between 38.2% and 61.8% Fibonacci retracement level. 3. **Extension (BC)**: Following the AB leg, there's an extension from point B to point C. This leg extends beyond the XA leg, often by a Fibonacci extension ratio of 2.24%. 4. **Final Retracement (CD)**: The final leg of the pattern is from point C to point D. This leg retraces a portion of the BC leg, usually between 38.2% and 88.6% Fibonacci retracement level. 5. **Completion at Point D**: The pattern is considered complete when the price reaches point D, which should align with the Fibonacci ratios and geometrical proportions specified by the pattern. When traders identify a bullish crab pattern forming, they interpret it as a potential reversal signal, suggesting that the price may reverse higher after completing the pattern. However, as with any trading strategy, it's essential to confirm the pattern with other technical indicators or price action signals before making trading decisions. Additionally, risk management techniques should always be employed to manage potential losses.Shortby B9A-88652-NisarAhmad6
Gartley bullish harmonic reversal pattern observed in EURJPYGartley bullish harmonic reversal pattern observed in EURJPY in 4 hours timeframe. The pattern is already formed with point D being the potential reversal zone and was the starting point for bullish reversal. The bullish trend is expected to continue and is good taking long positions.Longby wakqas120
Simple as ABCResistance spotted at 167.7 zone, considering the TF, it is wise not to ignore. Hence the possibility of heading back to 164 region is high. Trade with caution, as this is not a financial advice, cheers Shortby FX_WAVE2210
The fifth wave remains (in the bullish scenario).Esteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own rules. As a supporter of the Elliott Wave Principle, I consider this methodology an invaluable tool for market analysis. After three years of personal experience, I have developed my approach by combining this principle with meticulous consideration of different market scenarios. I strive to avoid market surprises by maintaining a range of market prospects, which enables me to recognize the market structure forming with 100% accuracy. I am pleased to share my analysis with you, with the caveat that I do not provide buy or sell signals. My perspective on idea analysis is entirely impartial, and if my analysis meets your standards, it may serve as a guide to making an informed decision. For your reference and comparison, I have attached my previous analysis of the same market. All the details of my analysis are clearly labeled for ease of comprehension. Nonetheless, familiarity with the Elliott Wave Principle theory would facilitate an understanding of the analytical idea. My study of the Elliott Wave Principle took nearly three years, during which my understanding and experience with this invaluable tool have grown. My progress thus far is a testament to the legacy of Ralph Nelson Eliot, whose genius has provided the foundation for my achievements. May he rest in peace. I express my gratitude for your continued support and kindness, and welcome your comments and critiques. May my analysis be a valuable asset to your business journey, and I remain sincerely yours, Mr. Nobody Longby mehdi47abbasi79227
EURJPY : REBOUND CONTINUES, THE FUNDAMENTALS TELL ANOTHER STORY- The market has been trading above a bullish trendline since March 2024 ; the mid-term trend is then bullish. - Lately, the market has registered a strong bullish acceleration that drove prices to the 171.591 level. However, as the BOJ moved towards the end of the negative rates era, investors have quickly regained appetite for the Japanese Yen, which resulted in a sharp price pullback for the EURJPY pair. The market quickly came back towards its mid-term bullish trendline before registering another rebound. This time, the rise seems to be much more stable as volatility has significantly reduced on this pair. Both moving averages turn bullish while the RSI indicator still doesn't show any sign of a trend slowdown so far. - This is seen as a bullish configuration. The market is continuing its rebound following its latest impact over the mid-term bullish trendline, and technical indicators seem to confirm this scenario. However, even if new targets towards 167.818, 168.710 and 170.00 remain valid so far, the latest macro developments may push investors to stay cautious. Indeed, the monetary tightening cycle in Japan will be long and has just started, which should boost appetite for the Japanese Yen on the longer-term. In addition, the BoE is yet to start its monetary easing cycle, with first rate cuts widely expected in June, which should also decrease investors' interest for the single currency. Pierre Veyret, Technical Analyst at ActivTrades The information provided does not constitute investment research. The material has no been prepared in accordance with the legal requirements designed to promote the independence of investment research and such is to be considered to be a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk. by ActivTrades1
EURJPY Massive Short! SELL! My dear followers, This is my opinion on the EURJPY next move: The asset is approaching an important pivot point 167.64 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 165.91 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK Shortby AnabelSignals112
Euro Yen BlockSimple design with potential zones of influence for the price action for support/resistance. Hoping to catch at least 3 turnarounds/reversals at the marked levels/zones. Vertical rectangles are more like time stamps although they also can provide similar evolutions of events if the price touches them. Although this is not just experimental, it should also be considered as an exercise that should encourage bold introspection and analysis of the potential results, considering that the most important rectangle in the whole project is considered to be the last one, the blue one, which, if turns out to be highly relevant, it would mean that these developed projections have an advantage of being many steps ahead of the curve. Does this mean we live in a block Universe where the future has already happened? I don't know. Does this mean that most market moves can be predicted if one has enough information about anything that can/ might/ should happen and how all the participants in the market might/ could/ should react? Maybe. I really don't know. If anything significant happens in the project it could also be just due to randomness and chance. In this one will only post updates after the events. I will let the project follow its natural course without any discretionary subjective input. Not developed with AI. Not financial advice. by nenUpdated 2
EURJPY OutlookThis trading pairs look like having a price manipulation at the upper price as it show on the order book. I am following this trading pair and will look for a short selling at the upper level. Shortby GreenStoneFX0
EURJPY TP HIT!!!Earlier this the week. I had EJ buys. I was aiming for 172 pips. Yesterday morning Tp was hit just didn’t have time to make a post about it. Was able to get some stackers in there. 4h is a good chart to look at for my entries. Longby SunsetLabz0
EURJPY TP HIT!!!Earlier this the week. I had EJ buys. I was aiming for 172 pips. Yesterday morning Tp was hit just didn’t have time to make a post about it. Was able to get some stackers in there. 4h is a good chart to look at for my entries. Longby SunsetLabz0
Tracking Eur/Jpy 5/8/24Market has been going bullish and approaching an area of interest Market sentiment is majority short Big trend is still bullish In this area of interest, either the market will pull back to an area of interest or consolidate then continue in a bullish trend At the moment, no strong signals convincing me to enter at the momentby JollyboneForexUpdated 1
BULLSlooking to take a buy long position as this seems to be going up/ clean and simple Longby KenYenKen2
EurJpy Bullish - 9 May📢 Signal: BUY EURJPY 📈 Entry Point: 167.198 🔍 TP1: 167.398 🎯 (20 pip TP) TP2: 167.598 🎯 (40 pip TP) TP3: 167.798 🎯 (60 pip TP) SL: 166.998 ⛔️ (20 pip SL) Ensure proper risk management when following signals! 💡 @Mr_Bombastic_SignaLongby mr_bombastic_signal1
EURJPY: Time For Pullback?! 🇪🇺🇯🇵 EURJPY may retrace from a key daily horizontal resistance. The market looks quite overbought after quite an extended bullish movement. A cup & handle formation on an hourly time frame indicates a local strength of the sellers. I expect a retracement at least to 166.76 support. ❤️Please, support my work with like, thank you!❤️ Shortby VasilyTrader113
EURJPY Lazy Daily Trend TradeEURJPY has been trending up on the JPY's long-term weakness. I've entered on the daily as a pullback finishes and resumes its upward climb. Using a 1:1 R:R and 0.5% risk as always. Good luck!Longby JeffyT0
Buying EUR/JPY Bought yesterday, did the same two weeks ago before the BOJ intervention. Still a big diference in interest rates of both pairs. Be careful on JPY pairs , BOJ can intervene again. Fundamentals are everything.Longby Spider1010Updated 221
EURJPJEURJPJ broke all-time high a technically bearish price action has been established showing indicating weak bullish continuation. Before you are the zones I expect reversals to support the bearish trend.Shortby AnthonyAaron3
EUR JPY WEEKLY LONGEUR JPY Visiting a support line that frist created in FEB 1984 but soon turned into resistance and now we are back at it again in 2024. ECB is trying to hint market on late rate cut but the key factor is the JXY movement. price action showing a break of 161 level. solid break above this level will result in a hike towards 174 area. there will be many inner channel resistance in the high way and BOJ actions can break or strengthen the hike and has to be monitored closely. expecting BOJ normalization to begin in APRIL but things can change. bad Q4 GDP data in JAPAN showing unexpected recession in Q4 and this might force BOJ to hold the line. Longby THE-real-DealUpdated 1
EURJPY to turnaround?EURJPY - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the downtrend returns. Preferred trade is to sell into rallies. Although the anticipated move lower is corrective, it does offer ample risk/reward today. Our profit targets will be 165.50 and 165.20 We look to Sell at 167.40 (stop at 168.10) Resistance: 168.95 / 171.20 / 175.50 Support: 164.30 / 161.90 / 160.00 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.Shortby OANDA4
Sell Signal Approaching or Is a New Highs On The Way?Last week, there were fireworks across all JPY pairs, with each hitting multi-decade highs. Notably, EURJPY reached an all-time high, peaking at 171.5 before experiencing a sharp drop due to two rounds of intervention by the Bank of Japan (BOJ). So, what’s next for this pair? This week, it’s been slowly creeping back toward the zone where the second round of intervention occurred last week, between 167 and 168.(see image below) On the 4-hour chart, a similar sell pattern seems to be emerging. After the first intervention, the price slowly crept back up to the intervention zone before dropping again (second round of intervention). You can see on this 4-hour chart how the price is inching back toward the 167 level. It dropped 300 pips from there on Friday. Above that, the price dropped heavily from 168.5, so will this pattern repeat, or will we see a return to 170 or above? In the short term, I see a potential sell setup between 167.5 and 168.5. I'll be using my TRFX indicator on the 1-hour chart to find the right signals for a sell as we approach this zone. I'll keep a tight stop-loss above 169.7, with a primary target at last week's low of 164, a good short-term goal. In the longer term, we might see a retest of 171.5 before another significant sell-off. However, the JPY remains quite weak, making it tough to predict the long-term outlook. It's best to see if the price steadies at these levels over the coming weeks or if volatility spikes again, causing another crash. For now, I'm favoring a short-term sell setup if the right signals appear.Shortby TheFxAce11
EURJPY - bullish reversal after completing AB=CD PatternEURJPY is completing breaish AB=CD pattern A Bullish divergence at PRZ is a good setup to BUy.Longby mubeenaslamuo2
BUY EURJPY for uptrend continuation BUY EURJPY for uptrend continuation STOP LOSS : 164.63 There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) ..... The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here Longby BALE_FX5