EURJPY to find buyers at current swing low?EURJPY - 24h expiry
We are trading at oversold extremes.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Preferred trade is to buy on dips.
The hourly chart technicals suggests further downside before the uptrend returns.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
We look to Buy at 162.20 (stop at 161.18)
Our profit targets will be 164.70 and 164.95
Resistance: 164.90 / 167.40 / 170.90
Support: 162.45 / 159.40 / 154.40
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Eurjpy!
EURJPY bottomed on the 1D MA50. +5.40% upside potential.The EURJPY pair has been trading within a Channel Up pattern since the September 16 Low. Yesterday it made a Higher Low on the 1D MA50 (blue trend-line) and rebounded. This is identical to the post December 07 2023 Channel Up, which was also supported by its 1D MA50 until its very top (July 11 2024).
The 1D RSI sequences between the two fractals are also similar and even more importantly the Channel Up patterns appear to have a high degree of symmetry. So far the two Bullish Legs have risen by +5.40%.
As a result, we are expecting another +5.40% from yesterday's bottom, so our Target is just below it at 170.000.
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EURJPY - 4hrs ( Sell Trade Target rage 400 PIP ) 🟢 Pair Name :EUR/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢 Key Technical / Direction ( Short )
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Bearish Break
162.500 Area
Reasons
- Major Turn level
- Visible Range Poc
- Pattern Break
- Strong Low Break
- Day / week low Break
- Choch Area
Bullish Reversal
158.000 Area
Reasons
- Major turn level
- Visible Range Hvn
- Pattern Target
- Fibo Golden
- Major Choch
EURJPYHello Traders,
Here is my analysis for this pair. Please feel free to leave any questions or comments below. I'm happy to engage with you!
The entry will only be considered once all your trading rules are satisfied. I recommend adding this pair to your watchlist and monitoring it closely. If the conditions of your strategy align, then it could present a potential opportunity.
Pro Tip:
One of the best ways to improve your trading is by learning from others. Whether it's predictions, market analysis, or trade set-ups based on clear market conditions, studying ideas will help enhance your skills and refine your strategies.
Good luck and happy trading!
EURJPY Massive Long! BUY!
My dear followers,
This is my opinion on the EURJPY next move:
The asset is approaching an important pivot point 163.42
Bias - Bullish
Safe Stop Loss - 162.82
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 164.43
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
EUR/JPY Bearish Setup: Supply Zone Rejects, New Lows in Sight!After a significant bearish move, price is consolidating and appears to be respecting the supply zone, suggesting a continuation of the downtrend.
Support Levels:
Immediate target support at 162.263.
Extended target at 160.207.
A potential bearish scenario with price rejecting the supply zone, targeting the mentioned support levels.
Take Profit (TP):
TP1: 162.263 (first support level).
TP2: 160.207 (extended support level).
EUR-JPY Strong Bearish Breakout! Sell!
Hello,Traders!
EUR-JPY keeps going down
After the strong bearish
Breakout of the key horizontal
Level of 163.860 which is
Now a resistance and as
We are bearish biased we will
Be expecting a further
Bearish move down
Sell!
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Check out other forecasts below too!
EUR/JPY BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
We are going short on the EUR/JPY with the target of 163.437 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.
✅LIKE AND COMMENT MY IDEAS✅
EURJPY Shooort!Based on the previous analysis, we were waiting for this currency to complete the pennant pattern, which has been completed and failed to break out of the upper trendline.
I do anticipate that the price will continue with the bearish momentum.
Entry point at 164.1, SL at 165 and TP at 158.7
NZDJPY RIGHT NOW !!!NZDJPY reached the point of decision ;
according to previous data, it should reverse right now in a huge V pattern, and then correct to return back up then ;
however stay advised, nothing is never sure, but this seems like a great trade to get into right now ;
the SL would be placed just under the yellow trend line, around 90.600.
EURJPY ShortThis currency had a bearish momentum when it touched 156 only to retract to the 0.5 fib level at 164.
If the price fails to break out of the 165 zone & a daily candle turns bearish by the end of this week, then it might continue / retract with the bearish momentum retesting the 156 level.
An analysis using a shorter time length will follow to indicate the best entry position.
Bearish reversal off overlap resistance?EUR/JPY is rising towards the pivot and could reverse to the 1st support which has been identified as an overlap support.
Pivot: 164.95
1st Support: 163.45
1st Resistance: 165.95
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Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Trading Reflection: Embracing Low-Risk, Low-Stress TradingWould you risk $266.38 for a potential return of $757.23?
That's the kind of trade setup I'm focusing on these days.
My Trading Philosophy
Over my 19 years of trading experience, I've encountered many "trading gurus" who claim that achieving a profit factor of 2 is impossible—that it's merely a textbook scenario and unrealistic. I chose to keep my thoughts to myself, but their perspective revealed a lot about their trading approach:
1. Constant Break-Evens and Overtrading: Chasing big wins often leads to overtrading and settling for break-even results, reminiscing about those rare "good feelings" when trades went their way.
2. High-Stress Environment: They operate under constant stress, obsessing over being "right," frequently intervening in trades, and deviating from their trade plans—all justified by their years in the industry.
Finding What Works for You
There are countless ways to trade, and results will vary depending on your strategy. Personally, I prefer a method that allows me to:
- Spend Just 15 Minutes a Day: I review my trading pairs, set alerts, and let the market notify me when it's time to act.
- Use Candlestick Confirmations: I decide whether to engage in a trade based on candlestick patterns at my predetermined entry points.
This approach ensures my profit factor for the final target is always at least 2—often even higher.
Mathematically, I can be profitable with only a 40% accuracy rate.
This allows me to seek trades with high returns and live my life freely for the rest of the day.
Current Trade Idea: Bearish Crab Pattern
I'm eyeing a Bearish Crab Pattern on the 15-minute chart. It might not be picture-perfect, but it offers a profit factor of 2, and I have RSI divergence supporting my idea.
Trade Management
- Once the market touches 164.02 or breaks and closes below 164.21 , I'll shift my stop to the entry price to attain a risk-free trade.
- Remember to include our stop-loss buffer when setting your stops.
Final Thoughts
Trading doesn't have to be high-risk or high-stress. It's about choosing a strategy that aligns with your goals and lifestyle.
Whether you prefer a fast-paced environment or a more relaxed approach, the choice is yours.
What's your trading style?
Do you prioritise low-risk, low-stress strategies, or do you thrive in the thrill of the fast-paced markets?
Share your thoughts and experiences below!
Stay patient, trade wisely, and happy trading! 🚀
EUJPY, lookin further up for more gains, +500 pip prospect.EURJPY, after hittin recent highs of 166.6, a trim-down followed after -- corrected significantly back to demand zone touching 78.6 fib levels.
Now, based on recent price behavior this pair is preppin for another round to the upside soon.
Net buyers has started accumulating already based on daily data metrics. The healthy correction just warranted a very clean setup for another ascend.
Spotted at 164.0
Interim target set at 170.0
TAYOR.
EUR/JPY "Euppy" Bank Money Heist Plan on Bearish Side.Ola! Ola! My Dear Robbers / Money Makers & Losers, 🤑💰
This is our master plan to Heist EUR/JPY "Euppy" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰.
Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe, Recent / Nearest High Point.
Stop Loss 🛑: Recent Swing High using 2h timeframe
Attention for Scalpers : Focus to scalp only on Short side, If you've got a money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
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Heading into 50% Fibonacci resistance?EUR/JPY is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 164.90
Why we like it:
There is an overlap resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 166.21
Why we like it:
There is a pullback resistance level.
Take profit: 163.58
Why we like it:
There is an overlap support level.
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