EUR/JPY LIMIT BUY SIGNALThe EUR/JPY major trend has proven to be north. While it might continue without any sort of pullback, buyers are still likely to seek a better entry.
Eur-jpy
EUR/JPY Expected pattern for the coming weeksI'd expect EUR/JPY to move in a similar faction as shown on the chart. Rigth now EUR is still weak, although this is only a correction. At some point the uptrend will most likely continue and on this chart you have an idea as to when could be an ideal time.
EURJPY - SHORT POSITION (4HR)FX:EURJPY
CONFLUENCES:
- Rejection from 71% Fib level
- Daily candle wick rejections
- Rejection from area of resistance
- Breakout and retest of a pennant (weekly timeframe)
EURJPY triangleWe are on an upward trend in almost all periods at EURJPY.
On H1, the price forms lower peaks and higher bottoms - a figure known as a triangle.
We already have a break of the resistance and we expect the upward movement to continue.
The resistance levels are:
128.52
128.87
129.25
The triangle breaks if we see a break under the previous bottom!
If you have questions about how to trade this or another situation, contact us!
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EURJPY: The price is BREAKING the TRIANGLE!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
EUR/JPY
⚪ Technical Analysis :
On the 16th of February 2021, the price got a strong rejection on the level at about 128.460, and since that moment, it has been creating an interesting symmetrical triangle pattern, few rejections on its dynamic lines are a confirmation of the validity of this pattern.
Also the EMA 200 is definitely working well, rejecting the price on every attempt to break through that.
Moreover, in the daily perspective, the RSI with 20 period is slowly increasing its value.
🔴 Conclusion :
The market is definitely bullish, the symmetrical triangle pattern could definitely be only a temporary consolidation before a trend continuation.
I'm confident then, to see the price growing more breaking the pattern and reaching the resistance level at about 128.600/12.800.
I'll be waiting for a bullish breakout of the triangle and the S/R zone at about 128.000 before planning my long position on this trade.
Right now, my hypothetical entry point would the level 128.100, just above the dynamic resistance line;
The take profit would be at the level at about 128.890, as projection of the pattern and weekly resistance around that level.
The stop loss needs to be defined in a better way, I need to see the price action around the current level but at the moment, I placed it at the level at about 127.590, just below the main support and the last low created by the price.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
EURJPY for new recent highs 🦐EURJPY breaks above the resistance structure now turn support.
The market after a retest is moving again into a bullish scenario.
According to Plancton's strategy of the market will break above, we can 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 - SWING - 22. FEBR. 2021Welcome to our weekly trade setup ( EURJPY )!
-
1 HOUR
Bearish reaction and pressure.
4 HOUR
Overall bullish market structure about to turn.
DAILY
Expecting more downsite and pressure towards previous support.
-
FOREX SWING
SELL EURJPY
ENTRY LEVEL @ 128.010
SL @ 128.380
TP @ 127.320
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 February, 21st, 2021EURJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Price action has been extremely bullish and recently broke our weekly resistance at 127.400. From the current level we’re seeing structure form at our 38.2% fib level and testing new support. Ideally we want to see a strong bullish variation here to enter long on. Target higher toward our negative fib levels.
Trade scenario 2: For us to consider EJ bearish again we need to see a lower high below 127.400 with strong bearish setups. Look to target lower toward monthly support at 126.500
170+ PIPS (Trade of the week)!!EURJPY has a great pattern. we was watching it last week, but its confluences a now complete! take advantage of it wisely, always use RR of your personal account. and remember downside risk management is the king!
EURJPY for a retest of the support🦐EURJPY after our last analysis broke above the monthly resistance and now is retracing for a retest of it.
The price is moving over an ascending trendline and according to Plancton's strategy at the new sign of inversion, we can 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.
Feb 11
Comment:
EUR/JPY, ready for the turnover?🧙🏻♂️EUR/JPY has come back to re-test the area of resistance that it has broken. From this point, we are opening BUY positions and aiming for our First Target as shown on the chart🙌🏻
EURJPY: Important Breakout
Hey traders,
New higher high higher close on a daily chart on EURJPY.
After a quite long bullish accumulation, the price managed to break 127.5 major resistance.
Now a local rising trend line and a broken horizontal level give us a demand zone.
It can give us a nice spot to catch a bullish continuation after retest.
Next strong resistance is 129.0
Good luck!
EUR JPY SELL (EURO - JAPANESE YEN)Hi there. Price is forming a reversal pattern to change its direction.
Watch strong price action at the current levels for sell.
EUR/JPY - Expecting a 500 Pips Bullish MoveGood morning traders, today we bring you a long-term analysis on the EUR/JPY, since it made an important breakout that we have been waiting for a long time.
🔸After the break of the bearish channel and the resistance zone, the price consolidated for several weeks with no clear direction.
🔸Apparently, this corrective process is over, as we are witnessing a bullish breakout.
🔸This is an important event, as it gives us a very strong bullish scenario towards the next resistance zone, at 133,000.
🔸During the next few weeks or months it is very likely that the price will be in an impulsive phase.
Eur/jpy long ideaWill be looking for a pullback to the 127 region to consider long positions on this pair.
EURJPY could pull back to the trendline and bounce!EURJPY could pull back to the trendline and bounce!
EURJPY could pull back to the trendline and bounce! EURJPY could pull back to the trendline and bounce!
EURJPY: The price is FOLLOWING the main TRENDLINEHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
EUR/JPY
⚪ Technical Analysis :
Since the end of January 2021, the price has been following an interesting uptrend, bouncing many times on its trendline.
On the 29th of January the price broke through the strong S/R zone at about 126.500, pushing up after a quick re-test during the beginning of February. A strong bullish candle was absolutely an interesting entry point as a comfirmation of a new uptrend.
Today the price broke the resistance zone at about 127.500 and it is currenly consolitading.
🔴 Conclusion :
Considering the daily time frame, I can see that the market is following a strong uptrend and after this strong impulse, there is a possibility to see a short retracement.
I'm not sure if it would be a market reversal, but on this pair, I'll be waiting for a re-test of the S/R zone at 127.500 before planning my new long position on this trade.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
EURJPYWe have just entered a long position on EURJPY. We are currently working off a 4hr and a 1day time frame. If the trade doesn't play out by the market closure later then we will look at manually closing out of this trade to prevent running any trades over the weekend.
