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Eur-jpy

EURJPY 4hour Analysis November 22nd, 2020EURJPY Short Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bullish Trade scenario 1: Look to enter short after price action breaks our 4hour support at 123.000. Ideally a strong break and retest would be enough to enter. Target lower toward key support around 122.250. Trade scenario 2: If price action goes bullish look to enter only on higher low opportunities after a key level of resistance was broken. Target higher toward our daily level around 124.700.
Short
by ForexLeague
EURJPY 4hour Analysis November 15th, 2020EURJPY Short Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bullish Trade scenario 1: Price action is still looking bullish overall but remains within a wide range. Currently we are seeing a bullish wedge form and could see a break to the upside. To enter long look for a break and retest of the pattern. Enter long on strong bullish setups and target higher toward key resistance levels. Trade scenario 2: If price action fails to push higher wait for a break of support. Ideally we need a lower high to form within the daily bearish channel before we can consider entering any short positions.
Long
by ForexLeague
EURJPY at the retest of the weekly structure 🦐EURJPY after the bullish impulse broke above the weekly resistance at 123.800. The price started a retracement move until the 0.5 fib level over the support in a minor descending channel. IF the market will break above the 4h structure and consequently break the channel we will set a nice long order according to Plancton's strategy. ––––– 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.
Long
by InkyGrip
6
EUR/JPY About to start a HUGE Upside Move🔸We can see that this pair was in a downtrend for more than two years. At the beginning of 2020, it faced a powerful demand zone, which generated a rejection at that level. After this movement, the price made a breakout to the upside of the downtrend Channel. 🔸This was the first indication that the downtrend might be over. 🔸The first break attempt appeared to be a fakeout, but then the movement continued to confirm the behavior. We decided NOT to get involved in this pair at that time, as we expected a more precise and more confirmed correction. 🔸Now we can see that during the last three months, the price was in a consolidation / corrective phase. Furthermore, the corrective move is making a throwback to the support zone (previous resistance zone). 🔸In a lower timeframe (Daily Chart), the corrective pattern can be seen more clearly; we know that it is a correction of three waves of type A B C. 🔸The price is breaking the trend line of the movement, but we expect a break of the 125,000 - 125,500 zone before considering a bullish position since it is the local resistance zone. 🔸The stop loss of the position should be positioned below the last swing (wave C). 🔸The take profit is the next Resistance zone at 133,000.
Long
by ThinkingAntsOk
2
💡Don't miss the great buy opportunity in EURJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (123.8). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 50. Take Profits: TP1= @ 124.65 TP2= @ 125.10 TP3= @ 126.00 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 trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
19
💡Don't miss the great buy opportunity in EURJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (123.8). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 50. Take Profits: TP1= @ 124.65 TP2= @ 125.10 TP3= @ 126.00 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 trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
12
EURJPYEURJPY is coming back to retest the previous months low of 123.000 after a clear break to the downside. The value looks to have formed a clear level of what many refer to as support and resistance or supply zones. We have approached this area several times and always rejected/reversed. The pair is currently at this area of interest and I have a short position in place on anticipation of another rejection. with a 25 to 30 pip stop loss and over a 250 pip take profit the trade is more than worth entering. Risk management is crucial as always and the lot size has been calculated to the stop loss as every entry is based on how much can be lost not how much can be gained.
Short
by AidanFucile
1
Breakout Identified in EURJPYSignal ID: 73920 Time Issued: Friday, 06 November 2020 03:42:15 GMT Status: open Entry: 122.102 - 122.495 Limit: 121.550 Stop Loss: 123.122 The Breakout Opportunities system has just sold EURJPY at 122.286. The system recommends entering this trade at any price between 122.102 and 122.495. The signal was issued because the EURJPY has broken its 24-hour low while our Speculative Sentiment Index was at 1.648, suggesting that the EURJPY may have further to fall. A stop loss has been set at the 24-hour high of 123.122 and a profit target has been set at the 1 Day ATR level at 121.55. The system will move the stop to the next 24-hour high every time that 24-hour high is lower than the previous 24-hour high. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.
Short
by FXCM
3
EURJPY on a minor retracement move 🦐EURJPPY after breaking below the daily structure hit the ascending trendline and retest the resistance area at the 0.5 fib level. The price on the 4h chart is moving inside a minor ascending channel. IF the price will break and close below we will set a nice short according to Plancton's strategy. ––––– 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