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Eur-jpy

EURJPY Key trading levelsThe EURJPY pair is trading around the 1D MA50 (blue trend-line) being within a Channel Down pattern since the April 21 High. Coming off a Bearish Megaphone, this is similar to the Channel Down of September - November 2020, which was nothing more than a big Bull Flag on its way to a strong uptrend. If the pattern continues to be repeated, then the price should post one last Lower Low near the 1D MA200 (orange trend-line) and then rebound towards the 140.000 High of April. If however the 137.00 Resistance breaks first, this Lower Low is invalidated. Notice also that the MACD is currently on a Bullish Cross. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
by TradingShot
4
EURJPY can make a lower low? 🦐EURJPY on the 4h chart after the recent drop has tested the 0.786 Fibonacci level. The price is now testing the 0.5 area after the attempt to break the weekly support area in the red color. How can we approach this scenario? We will wait for the EU market open and look for a possible break below the area. In that case, I will set a nice short order according to the Plancton's academy rules for our established risk-reward ratio --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
2
Outlook on EURJPY: Bearish play seenOn the monthly time frame, prices are testing a key resistance level at 136.80 where we could see further downside below this level. On the H4 time frame, prices are currently testing a key resistance zone in line with the 76.4% Fibonacci retracement, descending trend line and 78.6% Fibonacci extension. A break below the M15 demand zone at 136.00, would provide the bearish confirmation for a further drop to our support target at 134.00. Stochastic is seeing a bearish divergence and testing resistance at 98.30 as well, supporting the bearish bias.
Short
by shermzT
EURJPY 1hour Analysis May 22nd, 2022EURJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Looking very bearish overall here on EJ as well but we are bouncing a bit between 135.500 and 134.500. The most likely scenario is price action falling to 134.500 before we see any further reactions. Look for structure below 134.500 to continue shorting. Trade scenario 2: For us to consider EJ bullish we need a higher low above 135.500 with strong bullish setups to enter long on.
by ForexLeague
EUR/JPY (Cypher Pattern) 1HRPAIR: EURJPY TRADE: CYPHER PATTERN POSITION: BUY TIME-FRAME: 1HR -------------------- What a month it has been for patterns. During the Star Live Trading room, we've seen pattern formations all over the markets and have been a result of new equity highs. For other pattern lovers like myself, this month has been a powerhouse for these moves. When I can, I post trade ideas here to inspire other people about pattern trading, as it's one of my passions. Let's have a great week of trading ahead. Always, always always, trade your plan please. -------------------- Truly grateful to be here and share my thoughts with everyone. Always appreciate your thoughts and what you have to say and share, let's experience Trading in a positive way, together. Time is precious, be kind to everyone and be safe in the markets, always. "See yourself as love and only have that, to give away." -------------------- Phil C.
Long
by Phil_C
EURJPY 4hour Analysis May 15th, 2022EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: EJ is looking super bearish after a massive fall off from our 137.000 resistance level. Ideally, we can confirm structure and a lower high now or near 135.500 to consider short scenarios. Trade scenario 2: For us to consider EJ more bullish we need to see price action shoot back up toward 137.000 and start forming some serious 4hour bullish structure.
Short
by ForexLeague
Outlook on EURJPY: Bearish play seenOn the Monthly time frame, prices are currently testing a key resistance area and the failure to break and close above the monthly resistance suggest a possible reversal. On the H4 time frame, a pullback to the resistance zone at 136.882, in line with the 1.272% Fibonacci extension and and 78.6% Fibonacci retracement presents an opportunity to play the drop. Ichimoku cloud and moving average is showing signs of bearish momentum as well, in line with our bearish bias.
Short
by shermzT
2
💡Don't miss the great buy opportunity in EURJPYTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (135.50). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURJPY is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 72. Take Profits: TP1= @ 137.04 TP2= @ 138.80 TP3= @ 139.96 TP4= @ 141.12 TP5= @ 142.54 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
9
💡Don't miss the great buy opportunity in EURJPYTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (135.50). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURJPY is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 72. Take Profits: TP1= @ 137.04 TP2= @ 138.80 TP3= @ 139.96 TP4= @ 141.12 TP5= @ 142.54 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
6
EURJPY can move further low? 🦐EURJPY on the 4h chart has tested the 0.618 Fibonacci after the recent highs. The price is now testing the lower structure over the 0.382 level. How can we approach this scenario? We will wait for the market to break below the area and In that case I will set a nice short order according to the Plancton's academy rules --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
10
EURJPY 4hour Analysis May 1st, 2022EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: We’re looking bearish on the 4hour! Good news to use as EJ is due for a pullback on the higher timeframes. Ideally, price action continues with 4hour bearish volume and forms a lower high below 137.000 that we can enter on. Look to target lower toward 135.500 support. Trade scenario 2: If we are to consider EJ bullish again we would need to see a higher low above 137.000.
Short
by ForexLeague
EURJPY 4hour Analysis April 17th, 2022EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Consolidating Trade scenario 1: We are still bullish on EJ and price action has formed an ascending triangle near 137.000 resistance. How price action reacts at 137.000 will determine where we look for trades. The most likely scenario is price action breaking 137 and forming structure above. Trade scenario 2: If we are to consider EJ bearish we need to see a break of the most recent 4hour higher low and this pattern. Look to enter short on lower highs and target toward 135.500
Long
by ForexLeague
EURJPY Bull Flag done. Targeting $139.00.The EURJPY pair has broken above its Bull Flag this week. That was a pattern coming off the incredible 10% rise since the March 07 bottom that broke above its Bearish Megaphone pattern. The 1D MACD topped and made a Bearish Cross. The last time we saw the very same set of conditions was during the strong rise of May 2020 that led to the June 2020 Bull Flag. That was in the aftermath of the COVID market crash 2020. This time it another set of strong macro events that led to this rise, the Ukraine - Russia war and inflation. Also in both fractals, a 1D Golden Cross was formed (when the MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line). In September 2020, the price action following the Bull Flag topped on the 1.5 Fibonacci extension. This time, the next available Fib extension is the 3.0 at 139.845. We are targeting just below that at $139.00. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Long
by TradingShot
6
Today’s Notable Sentiment ShiftsEUR – The single currency strengthened across the board on Monday after French President Macron won the first round of France’s elections. Commenting on EUR’s performance, however, Wells Fargo warns that “it’s going to be hard for the euro to really get more upside traction until the event risk fully passes.” Indeed, the next round of France’s election will take place on April 24th and “promises to be a very tightly fought presidential election runoff,” according to Reuters.
by thunderpips
1