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Eur-jpy

Doubt of breaking structure, advance bullish pattern attemptHi guys, this is my though on EURJPY, EUR is getting week no doubt due to USD strength, but still I asking myself about this setup initially... Turnout, I still believe that 2nd attempt on the breakout is naïve and childish. There's is so much more reason for me to buy EUR compare to JPY. That's why I planned out this trade with a seconded similar ideas on the Tradingview. I put some of my inspiring idea post on this to credit them. Thanks... Credit:
Long
by UnknownUnicorn338529
EURJPY 4hour Analysis July 5th, 2021EURJPY Short Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We’re looking very bearish on this pair and as we generally remain below 132.000 we’re going to favor bearish scenarios only. Look for a clear lower high to form below 132.000 with strong bearish setups and target lower toward key levels of support. Trade scenario 2: For us to consider EJ bullish we need to see a higher low above 132.000. Look to target higher toward key resistance levels.
Short
by ForexLeague
EURJPY 4hour Analysis June 28th, 2021EURJPY Short Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: EJ is looking very bearish after recently completing a pullback and lower high formation. We saw rejection of the weekly level at 132.750, rejection of the 200ema, moving average cross, lower high formation and strong bearish setups with an engulfing through major support at 132.000. This is everything we want to see before entering a trade. From here I would either enter a short position now or wait for a lower high below 132.000 then target lower toward major support levels. Trade scenario 2: For us to consider EJ bullish we would need to see a break of resistance at 132.750 with a higher low above.
Short
by ForexLeague
EURJPY a turn at the 0.618 🦐EURJPY after the last bearish impulse close the week with a retracement at the 0.618 Fibonacci level. The market tested the 132.500 and now turn over a support. According to Plancton's strategy if the market will break below we will set a nice short 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.
Short
by InkyGrip
4
Bullish Analysis on EUR/JPYGood morning, traders! Today we will analyze the situation in EUR/JPY since many of you may be interested, mainly in the momentum/trend traders. 🔸The price has been in a solid upward movement for more than a year. We can draw a bullish channel by joining the ascending highs and lows, and we see that recently the lower trend line was tested. There was an attempted break, but the price could not consolidate below and instead generated a strong rejection and a subsequent bullish momentum. 🔸Throughout June, there was an extensive corrective process with no clear direction. A clear reversal of the trend. 🔸We consider that this instance is about to end, and if a bullish break is generated, there are high chances that we will see a movement towards the Weekly Resistance zone. 🔸The Weekly target we are looking for is the supply zone that led to the previous downtrend in this pair. At the moment it was touched, it was a level that generated a bearish movement that lasted almost two years. That is why we consider that if having or opening bullish positions in this pair, it is a good place to close the trades or minimally reduce the risk or take some profit.
Long
by ThinkingAntsOk
1
EURJPY facing bullish pressure | 23rd June 202EURJPY is facing bullish pressure as it now holds above the moving average support. We could see further upside above Buy Entry level, in line with 38.2%, 61.8% Fibonacci retracement, and horizontal pullback support, towards Take Profit level in line with -61.8%, 78.6% Fibonacci retracement, and horizontal pullback resistance. 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.
Long
by FXCM
EURJPY 4hour Analysis June 21st, 2021EURJPY Short Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: EJ recently turmed bearish last week as we saw price action plummet. We rejected support at 130.000 and price action is pulling back. Now we’re looking for structure formation and a test of resistance at 132.000 with a confirmed lower high, We’ll be looking for shorts in this area as bearish setups form. Look to target lower back to 130.000 Trade scenario 2: For us consider EJ bullish we need to see a break back above 132.000 first. We will be hesitant when looking for long opportunities as there are a lot of resistance levels that price action will have to break through and confirm.
Short
by ForexLeague
1