Target Levels in EUR/JPYAscending Channel in EUR/JPY.
Will we reach one of these levels ? What do you think ?
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Eur-jpy
EURJPY on a double bottom 🦐EURJPY on the daily chart tested twice the weekly support creating a nice double bottom after a long downtrend.
According to Plancton's strategy IF the price will break above and satisfy the ACADEMY conditions we will set a nice long order.
--––
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.
EURJPY potential for further uptrend | 3rd JanPrice is abiding by an ascending trendline and near buy entry price of 130.565 which is also 38.2% Fibonacci retracement. Price can potentially go to the take profit level of 132.545 which is also 78.6% Fibonacci retracement and 100% Fibonacci projection. Our bullish bias is supported by the ichimoku cloud indicator as price is trading above it.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURJPY - In Trend Engulfing Long Setup 4HEURJPY has set up a perfect in trend engulfing long setup on the 4 hour time frame.
The engulfing candle formed on Dec 23rd at 8am (closed at 12pm noon CST) engulfed 6 previous candles.
The engulfing candle also closed above resistance of the previous highs.
Price rejected the 61.8% retracement level perfectly which confirms this setup.
Entry at 61.8% retracement level.
SL 2 pips below the engulfing candle low.
TP set at 3X the risk.
Very similar setup to CHFJPY.
EURJPY 4hour Analysis December 26th, 2021EURJPY Bullish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bullish
Trade scenario 1: Looking bullish on the 4hour timeframe finally. From here we’re looking for a retest of 128.850 with a strong higher low to confirm.
Trade scenario 2: For us to consider EJ bearish again we would need to see a lower high below 128.850.
Extreme trader sentiment points to possible EURJPY uptrendThe Trend Follower Strategy has just bought EURJPY at 128.723. The system recommends entering this trade at any price between 128.543 and 128.904. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.5. This suggests that the EURJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.722, so the stop loss has been set at 128.001. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Trend Follower is a trend trading strategy that aims to buy and hold rising currency pairs and to sell short and hold falling currency pairs. The strategy looks to buy when the Speculative Sentiment Index is below -1.5, and looks to short when it is above +1.5.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Extreme trader sentiment points to possible EURJPY uptrend Signal ID: 78792
Time Issued: Tuesday, 21 December 2021 20:00:15 GMT
Status: open
Entry: 128.543 - 128.904
Limit: N/A
Stop Loss: 128.001
The Trend Follower Strategy has just bought EURJPY at 128.723. The system recommends entering this trade at any price between 128.543 and 128.904. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.5. This suggests that the EURJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.722, so the stop loss has been set at 128.001. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Trend Follower is a trend trading strategy that aims to buy and hold rising currency pairs and to sell short and hold falling currency pairs. The strategy looks to buy when the Speculative Sentiment Index is below -1.5, and looks to short when it is above +1.5.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURJPY potential for bounce! | 20 Dec 2021Prices are on approaching a recent swing low. We see the potential for a bounce from our buy entry at 127.489 in line with 100% Fibonacci extension towards our Take Profit at 128.688 in line with 23.6% and 50% Fibonacci retracement . Technical indicators are showing bullish momentum.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and representing their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURJPY potential for bounce! | 20 Dec 2021Prices are on approaching a recent swing low. We see the potential for a bounce from our buy entry at 127.489 in line with 100% Fibonacci extension towards our Take Profit at 128.688 in line with 23.6% and 50% Fibonacci retracement. Technical indicators are showing bullish momentum.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and representing their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURJPY 4hour Analysis December 19th, 2021EURJPY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Ranging
Trade scenario 1: We are technically still within a high volume range so it’s hard to trade with the overall trend.
For us to enter short we need to spot structure forming lower highs which are completely absent right now. Play it safe and be patient with this one.
Trade scenario 2: We could catch a potential long position after spotting a higher low above 128.000 but our max target would be 128.850.
After that look for higher lows above 128.850 to continue buying.
EUR JPY ALMOST THERE!!eur jpy is getting close to my Point of interest and I see a good buying opportunity coming but keep in mind before you buy you need a confirmation on the lower timeframes
I'm not a financial advisor but if you have any questions please let me know in the comments and a follow and like would be appreciated
EURJPY potential for bounce! | 17 Dec 2021Prices are on a bullish momentum and adhering to our ascending trendline. We see potential for a bounce from our buy entry at 128.393 in line with 127.2% Fibonacci extension and 78.6% Fibonacci retracement . Technical indicators are showing bullish momentum.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURJPY potential for bounce! | 17 Dec 2021Prices are on a bullish momentum and adhering to our ascending trendline. We see potential for a bounce from our buy entry at 128.393 in line with 127.2% Fibonacci extension and 78.6% Fibonacci retracement. Technical indicators are showing bullish momentum.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURJPY on a retracement move 🦐USDJPY on the 4h chart after the false breakouts over the weekly support moved back up to daily resistance.
The price is currently testing the structure and according to Plancton's strategy IF the market will break above and satisfy the academy conditions we will set a nice long order.
--––
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.
EUR JPY BULLISH??eur jpy is starting to look bullish and that's because we broke structure on the higher timeframe so now it's going to retrace to a fresh supply.
I think it can go to the second supply but who knows I will keep following the market structure and will do an update when we are higher so I have more information to work with
I would really appreciate if you give me a follow. Look my recent results!
Possible trend shift in EURJPY – going short | 15th DecSignal ID: 78664
Time Issued: Tuesday, 14 December 2021 21:00:15 GMT
Status: open
Entry: 127.848 - 128.15
Limit: N/A
Stop Loss: 128.604
The Tidal Shift Strategy has just sold EURJPY at 127.999. The system recommends entering this trade at any price between 127.848 and 128.15. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 1.021, which suggests that the EURJPY could be trending downwards.The 14-period Average True Range on a daily chart is 0.121, so the stop loss has been set at 128.604. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours.
Price has recently broke out of the descending trendline and is near buy entry price of 1.32359 which is also 23.6% Fibonacci retracement and 61.8% Fibonacci projection . Price can potentially go to the take profit level of 1.33554 which is also 127.2% Fibonacci projection and 50% Fibonacci retraceement. Our bullish bias is supported by technical indicators.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.