⚡️Strifor || EURUSD-08/01/2024 Preferred direction: SELL
Comment: As we said earlier, most likely 2024 will begin with a strengthening of the US dollar . For this currency pair, we also now fully adhere to sell-priority.
During this week, the support at 1.09000 is expected to break through and further fall towards the level of 1.08000 . Technical analysis supports this idea, and volumes indicate the presence of a limit seller, so the priority is to adhere to the seller’s direction.
The second scenario cannot be ruled out either, but this false maneuver is very unlikely.
Thank you for like and share your views!
Eurjpy!
#EURJPYIn time H2 and H4, after a three-wave correction, it is currently moving with the formation of an increasing angle pattern. According to the last log, it can be expected that after the pullback to the entry area and confirmation of the return, he entered the buy position until the resistance area. As you can see in the chart, three-wave steps and exit from density.
Market Breakdown: EURUSD, EURJPY, BTCUSD, US30
1️⃣ EURUSD daily time frame 🇪🇺🇺🇸
The pair is currently stuck within a narrow intraday horizontal trading range.
We are expecting the US inflation data tomorrow and for the market participants
it will be the important trigger.
Monitor the reaction of the price to the boundaries of the range and look for a confirmation.
That will be your signal.
2️⃣ EURJPY daily time frame 🇪🇺🇯🇵
The market is currently breaking a solid daily supply area.
If the price breaks and closes above that on a daily, it will be a strong bullish signal.
A bullish continuation will be anticipated to 161.0 level then.
3️⃣ BITCOIN weekly time frame ₿
BTC nicely respected a major weekly structure resistance.
After its test, we see a strong bearish reaction.
I would anticipate a continuation of a correction for now.
4️⃣ Dow Jones weekly time frame
The market set a new historic high before it closed on Christmas holidays.
Now it looks quite overbought.
I would recommend waiting for a pullback to one of the underlined supports.
They can provide perfect points to buy the index from.
Do you agree with my market breakdown?
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EUR/JPY BEARS ARE STRONG HERE|SHORT
Hello,Friends!
We are going short on the EUR/JPY with the target of 157.518 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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USDJPY long to 158.766+
1.) daily 3 pin formation on daily level
2.) daily support level (157.684)
3.) daily orderflow bullish
4.) 4h manipulation wick
5.) strong 4h divergence
6.) broke 4h trendline
7.) no 4h/30 min divergence against us
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1.) choppy price action on monthly/weekly timeframe
2.) no clear momentum on higher timeframes
overall not the best price action but i think we hit at least 158.766
EURJPY - Potential Bearish Control 🐻Hello TradingView Family / Fellow Traders,
📈 EURJPY been overall bullish , trading inside the blue channel and it is currently approaching the upper blue trendline.
Moreover, the zone 159-160 is a robust resistance zone.
🎯 Therefore, the highlighted red circle represents a significant area to consider for potential sell setups , as it marks the intersection of the red resistance and upper blue trendline.
📚 As per my trading style:
As EURJPY approaches the blue circle zone, I will be actively searching for bearish reversal setups to capture the next bearish impulse movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Sell EURJPY Channel Breakout1. European underperformance relative to the US should weigh on the shared currency.
2. The Japanese currency was a significant underperformer during the global tightening phase, and so we believe the currency can become a significant outperformer during the global easing phase.
3. A likely hawkish monetary policy shift from the Bank of Japan later this year, combined with a weak US economy and lower US interest rates next year, should see the Yen strengthen
Thank you
EURJPY H2 / LOOKING FOR A SHORT TRADE OPPORTUNITY 📉Hello Traders!
This is my idea related to EURJPY H2. I see a retracement from the resistance level of the channel and also a small retracement (15M - 30M), to close the imbalance and to react from OB. Now I see a good opportunity to execute a short trade until the price of 155.800.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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EURJPY → False resistance breakdown and a weak euro FX:EURJPY is forging a false resistance breakout amid a global bearish trend. Bearish volume is forming in the 158.38 zone
Based on the fundamental background and strengthening of the Index dollar ( TVC:DXY ), the euro ( FX:EURUSD ) may lose ground. In such a case, on the background of euro weakening, Japanese yen ( FX:USDJPY ) may strengthen.
Globally, the currency pair stands in the range of 158.5 (157.9) - 154.0. In such a case, from resistance, within the range, the price may head towards flat support.
Technically, we have a local ascending channel and a false breakdown of the resistance area. The price consolidation below 158.38 and the break of the support at 157.5 will form the market decline to 155.0
Resistance levels: 158.38, 159.0
Support levels: 157.5, 156.3, 155
I expect the price decline within the channel to the support of 155.0. Fundamentally, the euro, as well as the yen are unstable, so the market can behave unpredictably and stand still for a long time
Regards R. Linda!
EUR/JPY Sell Idea based on Price Channel reversalHello traders and the entire Tradingview community! Hope you had a great weekend!
Taking a look at the EURJPY, we can see a price channel as indicated in my chart.
The price channel has been working for more than 4 weeks now. As you can already see,
price has reversed after hitting the upper trend line of the channel many times in the past.
This time too, EJ is showing signs of reversal after hitting the upper TL of the channel.
I am already holding sell positions in EJ@158.50 and I expect EJ to fall further in the
next few days.
EURJPY: Price Action Based Short 🇪🇺🇯🇵
EURJPY formed a head and shoulders pattern after a strong bullish impulse.
The violation of its neckline signifies the exhaustion of the market
and a highly probable initiation of a correctional movement.
I expect a retracement at least to 157.1
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EUR/JPY BEARS ARE GAINING STRENGTH|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 156.381.
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EURJPY - Upside Trend Continuation?The EURJPY pair was trending quite steadily over the past year. After peaking in November 2023, there was a pretty sharp pullback in anticipation that we're exiting out of a high-rate environment.
Those expectations seem quickly quashed as we enter 2024 and the upside breakout signifies further upside potential, especially as the upper range boundary continues to hold for the week ahead.
EURJPY | Long setupEURJPY get rejected by the resistance zone at the 158.500 level and closed red for the day.
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I have a feeling it is going to break out the upcoming week and make new highs.
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We might see some kind of small pullback before EURJPY blasts trough this zone.
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Will be looking for long positions when this happens.
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Let me know what you think!
EUR/JPY I need to see a 4h Close above daily resistance and a HH close on a smaller time frame to validate an entry to go long. However from a fundamental point I would prefer to go short as I think that has a higher probability.
In order to look for the short I would be looking for a 4h close below the 38.2% and the blue zone
GBPJPY Bullish Fibonacci Analysis for 08-15 Jan 2024Hello traders,
I’m Dragos, I’ve been trading the markets for 4 years and I’m a profitable trader.
I've been closely monitoring the GBPJPY pair and wanted to share some insights from my recent analysis.
Here's a brief overview of my findings:
1. Weekly -The weekly has changed to bearish at the begining of december, but daily trends are showing bullish signs, which aligns well with my analysis because the price is trying to reach the 61.8% fibonnaci retracement level.
2. Daily - Recently, I've observed the price is ready for a pull back to 60-100% Fib Ret area(or simply Swing Zone) before continuing it's bullish trend.
3. Post Non-Farm Payroll weeks often lead to more predictable market structures. I've noted a higher success chance in trades following this pattern.
While I've shared the broader strokes of my analysis, the finer details of entering and exiting trades are something I've developed over time. I encourage you to look at this analysis and consider how they fit into your trading strategy.
The red line is 6EMA projected from daily chart on any timeframe (this is a custom indicator I’ve made)
And the orange line line is 8EMA
Let's discuss and grow together!
Disclaimer: This analysis is a personal interpretation of the market trends. Always do your research and consider multiple sources before trading.
EURJPY H4 / TRADE ANALYSIS, LONG OPPORTUNITY 📈 Hello Traders!
This is my idea related to EURJPY H4. I expect a retracement until the resistance level at the price of 154.000 and after that a Bullish move until the price of 158.400.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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www.tradingview.com
EUR/JPY BEST PLACE TO BUY FROM|LONG
Hello,Friends!
We are targeting the 157.692 level area with our long trade on EUR/JPY which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
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EURJPY H4 | Bullish breakoutThe price could continue rising and break the buy entry and could continue to rise to the take profit level.
Buy entry is at 158.329 which is an overlap support level.
Stop loss is at 156.286 which is a level that sits below an overlap support.
Take profit is at 161.536 which is an overlap resistance level that aligns with the 78.6% Fibonacci retracement level.
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EURJPY, USDJPY, GBPJPY: Thoughts and AnalysisWelcome to 2024 Traders and Tradingview community. So far this week, we have seen plenty of volatility to start the new year. Crypto has seen solid moves, and the USD has been mainly positive into the first week of the year.
The JPY has also been seeing movement, but mainly to the downside into 2024. It's the majors that have caught our attention today as we have watched higher moves contnue. We have run over the USD, GBP, and EUR to the JPY and reviewed what we like and what we are looking for to see further higher moves and possibly new trends or continuations develop.
What do you think? Could we see new continuations if we see pullbacks and new higher highs?
EURJPY Next Sell opportunity 158.00 - 158.52EURJPY Next Sell opportunity 158.00 - 158.52
Target will be +270 pips. get for as a 2 targets.
Current situation
Running with near the 4h resistance level. Pressure level is 158.50 and support level 153.85
If broke 4h resistance 158.50 enter for buy trade immediately.