Eur-jpy
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.
EURJPY - FOREX - 29. JUNE. 2021Welcome to our weekly trade setup ( EURJPY )!
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1 HOUR
Slowly droping market structure.
4 HOUR
Overall bearish market.
DAILY
Expecting further downside pressure!
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FOREX SETUP
SELL EURJPY
ENTRY LEVEL @ 131.630
SL @ 132.550
TP @ 130.350
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
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.
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.
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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.
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.
EURJPY: Bearish Continuation 🇪🇺🇯🇵
Hey traders,
EURJPY reached a strong horizontal resistance cluster.
Chances are high that we will see a pullback from that.
As a confirmation, the price broke and closed below a support line of a rising wedge pattern.
Now I expect a bearish move.
Goals:
131.6
130.2
❤️Please, support this idea with a like and comment!❤️
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.
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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.
EUR/JPY Intraday Analysis Welcome back! Please support this idea with a LIKE if you find it useful.
*** EUR/JPY- KiSS 2.0 Strategy Intraday Trade Idea (Short). Price is approaching major reversal zone, under 50 MA, Downtrend on 4 hr., all KiSS rules coming together, look for rejection in zone.
If you do not use KISS 2.0, we suggest following the your own entry criteria rules.
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Thanks for your continued support!
Brian Kenya Horton, BK Forex Academy
EURJPY 4hour Analysis June 13th, 2021EURJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: Overall we’re bullish on EJ higher timeframes. But we are seeing the 4hour starting to pick up more bearish momentum.
Ideally, to continue with the 4hour trend we need to see a break of our key support level at 132.750. To enter short we first need to see a confirmed lower high below 132.750.
Trade scenario 2: For us to consider EJ bullish we need to see a higher low above 133.650 with strong bullish setups. Look to enter long and target higher toward key resistance levels.