EURJPY - PREDICTIONSet up from last week still valid and great example on how to add positions to a good trade.
Every green area is where you could add positions through technical confirmations.
Predicted last week, evidence attached.
Eur-jpy
EUR/JPYEUR/JPY is in range and forming a bull trend. Our next target is 138.20% extented fibonacci level.
EURJPY ANALYSISEURJPY retested broken uptrendline then rejected with bearish movement
Pair is based below key level at 124.50
Price is based below HVN at level 124.20 which indicates that pair is in distribution phase
Below SMA 100
RSI is in downtrend
It's expected to target support level 123.00
EUR/JPY Bullish Idea - Potential move of 1000 pipsGood morning traders, today we want to show you a bullish trade opportunity that is forming in the EUR/JPY pair.
🔸 As we can see, the price remained in a downtrend for more than two years, moving within a bearish channel.
🔸 Some months ago, this channel was broken to the upside along with the Resistance zone.
🔸 This gave us a great bullish indication, but generally, the price after generating strong zone breaks makes some kind of corrective movement.
🔸 That is what is happening now, which can best be seen on the Daily Chart.
🔸 In this chart we see that the corrective structure is throwing back to the broken Resistance zone (now Support zone).
🔸 We have drawn the trend line of the corrective movement together with the local Resistance Zone.
🔸 We are waiting for a breakout to the upside of that level to confirm the bullish view. The target of the move is the next resistance zone at 133,000.
EURJPY is on a rise, more upside !EURJPY is on a rise, more upside ! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
EURJPY facing bullish pressure from our buy entry!EURJPY facing bullish pressure from our buy entry! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
EURJPY Retest and SELL!!!Here we see price on an upward direction towards what is a very strong 4HR Supply Zone, price has already bounced off the daily Supply zone and now heading downward generally, so we are looking at simply a retest and drop :)
EURJPY testing a weekly resistance 🦐EURJPY on the 4h chart after the bullish leg created a nice retracement move until exactly the 0.618 fibonacci level.
The price created a double bottom over it and tested the 0.5 at a 4h resistance zone before moving up to the weekly resistance structure at the 0.382 fib level.
IF the price will break and close above the weekly resistance area we can set a nice long order according to Plancton’s strategy
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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.
Leave a comment that is helpful or encouraging. Let's master the markets together.
EURJPY facing bullish pressure from our buy entry! EURJPY facing bullish pressure from our buy entry! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
EURJPY is on a rise, more upside ! EURJPY is on a rise, more upside ! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
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.
EURJPY - LongEURJPY has touched its support zone (123.15) once again.
Previously, the price has reached support and rejected, turning bullish and reaching its resistance zone again.
After reentering its support zone, I believe the price could reject this region and turn bullish heading back to resistance.
Before taking this long trade, I will look for clear confirmation of rejection at support (closed 4H bullish candles).
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.
