EURJPY - Long active ✅Hello traders!
‼️ This is my perspective on EURJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I expect bullish price action from here as there is a confluence of rejection from bullish order block + FIBO 0.618 level + institutional big figure 164.000.
Fundamental news: Tomorrow we will see result of Interest Rate in Europe, followed by ECB Press Conference, news with high impact on currency.
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Eurjpy!
EUR/JPY BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
We are going short on the EUR/JPY with the target of 164.275 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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Buy EURJPY Bullish ChannelThe EUR/JPY pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further gains in the coming minutes or hours.
Key Points:
Buy Entry: Consider entering a long position (buying) above the broken resistance level of the channel, ideally around 164.75. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones:
165.40: This represents the first level of resistance within the channel.
165.70: This is a further extension of the upside target, based on the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the channel, ideally around 164.50. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards.
Thank you
Potential bearish dropEURJPY is rising towards a resistance level which is a pullback resistance and could reverse from tis level to our take profit
Entry: 165.193
Why we like it:
There is a pullback resistance level
Stop loss: 165.775
Why we like it:
There is a resistance which lines up with the 161.8% Fibonacci extension
Take profit: 163.472
Why we like it:
There is an overlap support level which aligns with the 61.8% Fibonacci retracement
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EUR/JPY minor short(4/9/2024)Today, the EUR/JPY price rose in the early morning, and right now the price made a good rejection from the 165.1 zone.
this rejection could lead to further downward movement after a short retracement.
Our technical view has been shown in the chart.
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(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
EUR/JPY BUYERS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
EUR/JPY pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 2H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 162.282 area.
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EURJPY: Bullish on a 4H MA50 rebound.EURJPY has turned bullish on the 4H timeframe (RSI = 65.893, MACD = 0.220, ADX = 54.338) as the 4H MA50 held and supported a new 2 day rally since Friday. The dominant pattern is a 3 month Channel Up, which makes a HH on the 1.5 Fibonacci extension. The 4H MACD is identical to the pre-High consolidation of the past bullish waves. We are bullish (TP = 166.500).
See how our prior idea has worked out:
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EURJPY Long (215-275 Pips)Thursday, 04.04.2024
We took the previous weekly low and touched my 8 EMA.
On the daily timeframe, we witnessed a strong rejection with momentum from my daily VWAP low.
Now, I wait for a pullback before buying. Currently, we are at a 4-hour resistance level, so I'll wait patiently, but my bias is long. There's a chance for a push down to hit my 0.382 Fibonacci level.
Passive entry module
A fantastic opportunity to sell EURJPYHi traders,
EURJPY is reached to powerful static and dynamic resistance and according to the overselling of JPY we could sell EURJPY with SL on highest price.
don't forget risk free it below the 158.
Entry price 161.3
Final TP 152.3
RR1:3
scalpers could take their profit on 158-9 level.
Be successes
Eurjpy and Audjpy looking for looks if jpy continue weakensHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
If Jpy is still showing weakness, then likely i am looking at both AJ and EJ to look for long opportunities
But do keep in mind if BOJ gonna dish out stuns on its interventions.
Do check out my stream video for the week to have more explanation in place.
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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EUR/JPY SHORT FROM RESISTANCE
Hello,Friends!
EUR-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 162.370 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/JPY pair.
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EURJPY - Mar. 6th, 2024BUY/LONG ZONE (GREEN): 161.550 - 166.700
DO NOT TRADE/DNT ZONE (WHITE): 159.750 - 161.550
SELL/SHORT ZONE (RED): 155.710 - 159.750
Monthly: Bullish
Weekly: Bullish
Daily: Bullish
4H: Bullish
Previous bearish trend has been labeled along with the DNT area and the initial bullish zone that price broke into to flip the trend. Currently price is onto the next bullish zone and structure is holding well in step up patterns. Price has already tested 163.450 twice on the daily, looking for 4h structure to develop back as bullish and test a third time, or for price to pullback down to the 161.900 level at the top of the zone. It would be more risky if price pulls back to 161.900 level as this would be the second test (daily timeframe) after the 4h price had confirmed it as bullish.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
EURJPY On The Rise! BUY!
My dear friends,
Please, find my technical outlook for EURJPY below:
The price is coiling around a solid key level - 163.19
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 164.22
Safe Stop Loss - 162.55
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Strifor || USDCHF-04/04/2024Preferred direction: SELL
Comment: The Swiss currency also began to strengthen against the American dollar , although we previously noted that this currency is one of the weakest among the main competitors of the US dollar. However, for this currency pair we confidently set sell-priority and expect a fall towards the level of 0.88761.
Both scenarios depicted in the graph are already in work.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || USDJPY-04/04/2024Preferred direction: BUY
Comment: As expected earlier, the American currency began to adjust against its main competitors, but this does not apply to the Japanese yen . Here, as was said, the US dollar will most likely either trade at previous levels, or begin to grow altogether, as indicated on our chart.
In general, both scenarios are relevant despite the fall in the US dollar in the short term, which may last until the end of next week. The growth target in the medium term for this currency pair is located at the level of 153 and 154 .
Additional comments on this trade will be provided as situation changes. Follow us!
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EURJPY 73 PIPS TRADE BREAKDOWN (3rd April 2024)
EURJPY Trade Breakdown
Price broke through the 1 hour bearish orderblock during London. This resulted in a creation of a 1 hour Market structure shift to the upside.
So once price retested, the 15 minute orderblock and broke its own higher high on the 15 minutes timeframe, I entered a long and place stop loss at the 1 hour orderblock low targeting a 164.200 For a 1 : 3.66 Risk to Reward Ratio.
During New York Session, Price action finally provided the volume to push All the way up into the 1 hour Orderblock, Smashing Full TP.