EURJPY: Possible Swing Selling Opportunity!Dear traders,
EURJPY recently has been overbought, and price is currently at the crucial level. There are two possible swing entries which can be utilised properly. JPY plummet to lowest, making it one of the worst performing currency on currencies index. Take sell entry with accurate risk management, no more than 80 pips in stop loss. If first entry fails, take second entry. We are now focusing on both of these area for swing selling. 400 to 800 pips in take profit.
Good Luck.
Eurjpy!
EURJPY H1 | Potential bullish bounceEUR/JPY could fall towards a pullback support and potentially bounce off this level to rise towards our take-profit target.
Entry: 162.675
Why we like it:
There is a pullback support level
Stop Loss: 162.361
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level
Take Profit: 163.464
Why we like it:
There is a pullback resistance level
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Sell EURJPY Channel Breakout The EUR/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a bullish channel pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 162.85, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 162.04 and 161.54. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions.
Stop-Loss: To manage risk, place a stop-loss order above the broken channel support line at 163.35. This helps limit potential losses if the price reverses and breaks back upwards.
Thank you
EURJPY -4hrs ( buy Trade Target Range 200 PIP ) 💵Pair Name EUR/JPY
Time Frame : 4 hrs
Scale Type : line chart + Candle Stick
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🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Long ) Mid Term
Type : Mid Term Swing
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Bullish Break
161.900 Area
Reasons
- Major Turn level
- Bullish Flage Pattern
- Choch Break
- M + D High Break
- Foxed Ramge poc Area Break
Bearish Reversal
163.750 Area
Reasons
- Major Turn level
- Fixed Range Value
- choch Area
- Fibo Target
- Quarter's Area
EURJPY - Bullish market structure ✅Hello traders!
‼️ This is my perspective on EURJPY.
Technical analysis: Here we are in a bullish market structure from 1H timeframe perspective, so I am looking for a long. I wait price to make a retracement to fill the imbalance and if price rejects from bullish order block + trendline I will open a long position.
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SHORT EUR/JPY at market 162.11Just like EUR/USD we can see an M-Top candle pattern has formed just below key resistance of WR1 on EUR/JPY.
The neckline at 162.11 has been broken so I'm in SHOT on this pair.
The pair fell just short of reaching key WR1 Pivot which is a concern so my STOP on this trade is above this level just in case we see some late buying in an attempt to hit WR1.
The double top at 162.36 area was last reached some tine ago, in November and a look at the H4 RSI shows us that we've just left an area of overbought so there are signs that this move south has the potential to be deep.
Price has cleared the 25 EMA on H1 and is curerntly sitting on the 50 EMA.
The key 100 and 200 EMA levels lie below the price so if this is to be a deep retrace then the BEARS have their work cut out.
Initially my target for this trade is the 200 EMA which lies on top of WPP Pivot which it frequently does.
We'd have to see how much BEARISH momentum is in the market to see whether this key level at 161.43 is likely to break.
If it does then we could be headed to 159.00 but that wouldn't be for some considerabe time.
We also have FOMC minutes at 19:00 GNT which will be a market mover.
EUR/JPY +250 Pips 0 Drawdown , New Entry Valid Soon !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EUR-JPY Will Keep Growing! Buy!
Hello,Traders!
EUR-JPY is trading in an
Uptrend and the pair broke
The key horizontal level
Of 161.520 and is going
Up again which reinforces
Our bullish bias and I think
That we will see a further
Move up
Buy!
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Check out other forecasts below too!
EURJPY SHORT POSITION#eurjpy
Price has formed a Reversal pattern of rising wedge and it's breakout and bearish divergence can be seen on RSI is well. Price moved in one Direction and hit the horizontal resistance on higher timeframe and created double top pattern is well. This is very important zone if price rejected from this zone we may see good bearish move towards the support zone
EURJPY Buys Rolling Have a trade floating open on EJ currently
I'd like to explain why I took this trade
I have 5 questions I needed to get answered, they are as follows
Question 1 - Is EURJPY in momentum (bullish or bearish)?
Question 2 - Who is interested (at this time)?
Question 3 - Where are their stop losses?
Question 4 - Have those stop losses been taken out?
Question 5 - Does the set up make sense to me to pursue?
So let's answer those questions
Q1 - Ej is in bullish momentum (confirmation on the higher timefram)
Q2 - Buyers would have been interested above this level (orange zone)
Q3 - Buyers stop losses would have been below the zone (orange line)
Q4 - Buyers stops may have been taken out with that recent spike low
Q5 - Yes, I do think it makes sense for me to attempt to pursue a trade on this asset
So far it is just about 20 pips in profit, but with a 10 pip stop loss this trade literally just needs to go about 50 pips or so to give me a 1:5+
Upvote if you agree with my reasoning
OR
Downvote if you didn't read and didn't attempt to understand my reasoning
Look at Ej for yourself to see if you think buys would have made sense to you here
EUR/JPY BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
The BB upper band is nearby so EUR-JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 160.556.
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EURJPY Remains BullishEURJPY continues to trade within a bullish channel, indicating ongoing upward momentum. The consistent adherence to this channel suggests a favorable environment for further upside potential. As the pair remains within this channel, investors are optimistic about its prospects for additional gains in the near term.
EURJPY: Bearish Continuation & Short Trade
EURJPY
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell EURJPY
Entry - 161.81
Stop - 162.32
Take - 160.72
Our Risk - 1%
Start protection of your profits from lower levels
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Buy EURJPY Channel BreakoutThe EUR/JPY pair on the M30 timeframe displays a potential buying opportunity due to a recent upward breakout from a channel pattern.
Buy Entry: Consider entering a long position around the current price of 161.70, positioned close to the breakout level. This offers an entry point near 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: 162.04 and 162.30. Further upside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions.
Stop-Loss: To manage risk, place a stop-loss order below the broken channel resistance line, ideally around 161.10. This helps limit potential losses if the price reverses and breaks back down.
Thank you
EURJPY → A break of resistance will lead to a rise to 164.0FX:EURJPY is realizing the potential of rebound from support and forms a retest of resistance. At the moment consolidation is forming above the level, which increases chances for further growth.
Globally, the currency pair continues to form a strong bullish trend, having left the previously formed ascending channel, which is currently a strong support area. The price is retesting the resistance at 161.87, after a small correction the chances of breaking through the level are increasing. The weakness of the Japanese Yen is quite clearly shown on the quotations. The price consolidation above 161.4 will allow to overcome 161.870 and continue the growth towards the range resistance - 163.6 and 164.2.
Resistance levels: 161.87
Support levels: 161.4, 160.9
The currency pair continues to strengthen, buyers are quite active. Consolidation above 161.4, breakout of 161.87 and consolidation above this area will form a local bottom for continuation of growth.
Regards R. Linda!
⚡️Strifor || EURUSD-15/02/2024Preferred direction: BUY
Comment: US CPI data strengthened the position of the US dollar , but nevertheless, the momentary collapse is quite significant intraday, and in the medium term, this downward impulse is not so terrible. As before, the medium-term vision remains in favor of the buyer, and a reversal can occur at any time. After the collapse to the level of 1.07000 , the market began to become saturated with BID-orders, which should have led to a price recovery, but this did not happen, which hints at the presence of a limit seller.
In the short term, we highlight two scenarios. The differences between scenarios 1 and 2 lie in the depth of the likely false downward movement. This may be because there is a buyer who was unable to go higher; against this background, the limit seller can update the current minimums, and then begin to grow.
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EURJPY H4 | Bearish breakoutEURJPY could continue the downtrend and reverse to the take profit level.
Sell entry is at 160.299 which is a pullback support level that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 161.722 which is a swing-high resistance.
Take profit is at 158.166 is the overlap support.
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