EURJPY will do longEurjpy has been broken the flag pattern and it has tested.so we can do long by taking a small risk
Eurjpy!
EURJPY H4 | Falling to pullback supportEURJPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target.
Entry: 161.575
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 160.440
Why we like it:
There is an overlap support level
Take Profit: 163.559
Why we like it:
There is a pullback resistance level
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Strifor || USDJPY-21/11/2023Preferred direction: SELL
Comment: The Japanese yen also performed well, and it was shorts on this pair that allowed us to close the target on the previous trading idea. Now the bearish mood remains and in the near future the long-awaited level of 147.801 is expected to be touched. Near this level, especially below it, there is immediately quite impressive liquidity, which can show itself in any way, and we will know this only after touching it.
The main scenario assumes that we will approach this level almost without obstacles and test the area below it. The second scenario, less likely, is that the price will pause a little before reaching the specified level, but even in this case, it is expected to fall to the same target.
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Strifor || EURUSD-21/11/2023Preferred direction: SELL
Comment: The euro worked out exactly our previous long scenario. At the moment, the growth is most likely exhausted in the short term and a pullback is expected. The rollback is expected to be towards the nearest support at 1.07750. This is the main scenario.
The second scenario assumes that buyers will be able to gain a foothold at current levels, which is unlikely, of course. However, we cannot completely rule out this scenario.
Both variants are indicated on the chart.
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EURJPY BUY/LONGEURJPY is moving in an Ascending channel on the 4 Hour Time Frame and the market has rebounded from the higher low area of the channel.
We expect the pair to re-test the key support levels listed on the chart,
We are taking this trade based on technical analysis and candlestick patterns.
These are long-term trades, It is advisable to have enough margin to handle the fluctuation of the markets. Use proper risk management depending on your account size.
TRADING RULES:
Rule 1: Once the market reaches Target 1, close some of your trades/positions or Move your STOP LOSS price to ENTRY price (break-even) for safe trading.
Rule 2: Once the market reaches Target 1, never place a new trade again on the same signal/alert.
Rule 3: When the market is consolidating for more than 2 days, please close the trade and wait for the next good opportunity trade signal/Alert.
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EURJPY: 22/11/2023: Possible bearish scenarioWell, as you can see the market structure is bearish, so we just looking for a sell.
Now we have a bearish order block that we can expect to push the price down.
As always, we need LTF confirmation in the bearish order block.
💡Wait for the update!
🗓22/11/2023
🔎 DYOR
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Further losses look likelyFX:EURJPY retreats for the fourth session in a row and visits multi-session lows near 161.20 on Tuesday.
Further downside appears well on the cards for the cross in the short-term horizon.
That said, losses could then accelerate to the provisional 55-day SMA at 158.93 ahead of the interim 100-day SMA at 158.07.
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 152.88.
EJ - multiple bottom pattern got breakout Hi Friends!
Let’s analyses this pair from multi time frame.
Weekly : Japanese Yen Index is getting rejection at strong Weekly support. Meaning, there will be a SELL pressure for all JPY related pair
H1 : Multiple bottom pattern got breakout. Let’s wait for price to re-test Bearish Order Block + Resistance to SELL
EUR/JPY +420 Pips 0 Drawdown , Third Entry Ready To Enter !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.
EURJPY: Important Key Levels to Watch 🇪🇺🇯🇵
EURJPY started a correctional movement.
Here are the important key levels to watch.
Support 1: 160.43 - 160.85 area
Support 2: 158.90 - 159.60 area
Support 3: 157.72 - 158.14 area
Support 4: 156.52 - 157.18 area
Support 5: 154.39 - 154.90 area
Resistance 1: 164.18 - 164.30 area
Watch carefully these supports.
From one of those, a bullish trend-following movement may initiate.
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EURJPY H4 | Bullish bounce off 50% fibo?Price is falling to our buy entry at 161.00, which is a pullback support level, aligning with the 50% fibo retracement. Our stop loss is at 160.09, which is below the 61.8% fibo retracement. Take profit is at 162.05, which is a pullback resistance level.
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
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TradePlus-Fx|EURUSD: short-term view💬 Description: The level of 1.08530 was quite well processed by buyers, and it seemed that one could only look long, however, there are a couple of nuances that say that most likely there will be another correction ahead of this long. The purpose of this correction will most likely be to gain additional position by a big player. And the reason for this is the rather considerable purchases of the US dollar on Friday, which it is unlikely that a big limit player will want to carry out the entire upcoming growth.
Entry points for shorts already exist at current levels, and one can already actively look at shorts. The first target is, of course, the level 1.08530 . Then, with a high degree of probability, there will be a false takeout, that is, the price will go below the specified level. It is unlikely that the instrument will go too deep down towards the level of 1.06745 . Around the level of 1.07500, we can expect an upward reversal.
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TradePlus-Fx|GBPUSD: mid-term reversal💬 Description: The medium-term reversal in GBPUSD is gaining momentum, we can already confirm this fact and now adhere to a more BUY priority. At the moment, we are expecting a culmination of buy orders, which will most likely occur first at sellers’ stop losses, and after market buy orders.
We do not rule out a false breakout in order to disembark extra buyers. Within the next week, the instrument will most likely record its new local maximum, after which it will begin a downward correction.
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Next on the downside comes 158.90FX:EURJPY extends the decline below the 162.00 support at the beginning of the week.
Further downside appears well on the cards for the cross in the short-term horizon. That said, losses could then accelerate to the provisional 55-day SMA at 158.87 ahead of the interim 100-day SMA at 158.02.
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 152.79.
eurjpy daily 155 buy,148 stop,170 take profit. eurjpy
daily
155 buy,
148 stop,
170 take profit.
and
many-many words for moderation rules???
Strifor || XAUUSD-21/11/2023Preferred direction: SELL
Comment: Sellers prevailed in gold and such domination is expected in the short term. There is a high probability that we will still go below 1965.
We highlight two scenarios for ourselves, both with sell priority. The first option, which is also the most likely now for this instrument, is a fall from the current ones to the level of 1965 in order to retest this minimum, which will most likely be broken and we will see a new local minimum.
According to the second scenario, shorts should be looked for near the level of 1981.683, that is, after a slight upward rollback. But now this is quite a difficult task. However, these two areas to consider selling are not that far away, so a progressive entry with a common stop loss above the 1987 level can be considered.
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TradePlus-Fx|EURUSD: high update💬 Description: The American currency continues to weaken after yesterday's inflation data. The momentary strengthening of the USD on the release of data on retail sales will most likely end very soon, and a new local maximum should be expected.
It should be noted that the instrument has accumulated a large number of sellers who are precisely capable of realizing another upward impulse. We don’t place a stop loss too far, but rather choose a technical stop loss beyond the local minimum.
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TradePlus-Fx|USDJPY: there is room to fall💬 Description : The situation for the Japanese yen is significantly different from other trading instruments. Surprisingly, the yen has a good chance of strengthening against the dollar despite its global strengthening. The growth of the yen is, of course, limited and is currently located at 147.273 . The level of 150.286 acts as quite strong resistance, and it is expected that this trend will continue in the short term. This barrier for buyers has a high probability of false breakouts, so this needs to be taken into account when placing your trade.
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EURJPY remains bullish as hammer loomsFX:EURJPY registers back-to-back days of losses, down 0.22% in late trading during Friday's North American session, set to remain above the 163.00 figure after reaching a three-day low of 162.15.
Even though the EUR/JPY sees red, today’s price action forming a hammer suggests that buyers stepped in at around the Tenkan-Sen at 162.37. After that, the cross-pair climbed more than 80 pips, opening the door for further upside.
If EUR/JPY climbs above the 164.00 figure, that could open the door to challenge the year-to-date (YTD) high of 164.31, ahead of the 165.00 mark. On the other hand, if sellers step in and pull prices below the 163.00 figure, a dive toward the day’s low of 162.15, is on the cards. Up next, the pair could drop to 162.00, followed by the Senkou Span A at 161.51, ahead of sliding toward the Kijun-Sen at 160.65.
EUR/JPY Gave Yesterday +170 Pips 0 Drawdown ,New Entry Valid NowThis 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.
Watching for downside We've only closed bearish 1 day in the last ten on EURJPY, it really has been a stand out performer recently. I was interested short a week ago before it broke out of the Daily channel, and since it has been nothing but a long.
There is an interesting pattern that could present a possible short, but I'm being extremely patient and want to see as much confirmation as possible. Fading this market hasn't been profitable for two weeks, so there will be plenty of chances to get in.
