Potential bullish rise?EUR/JPY is reacting off the support level which is an overlap support that is slightly above the 38.2% Fibonacci retracement and could rise from this level to our take profit.
Entry: 161.19
Why we like it:
There is an overlap support level that is slightly above the 38.2% Fibonacci retracement.
Stop loss: 157.59
Why we like it:
There is a pullback support level which lines up with the 61.8% Fibonacci retracement.
Take profit: 165.15
Why we like it:
There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Eurjpy!
Downside for EURJPYIf the EURJPY breaks below the 38.2% fibonacci retracement level, this could signal further downside potential.
This would also somewhat nullify the potential inverted head and shoulder pattern forming.
If the price breaks below the 162 price level, look for the EURJPY to potentially trade down to the 160.50 price level.
Levels discussed on Livestream 20th August20th August
DXY: Retracing, needs to stay below 102.10 for continuation to downside. Below 101.80 could trade down to 101.45
NZDUSD: Buy 0.6165 SL 20 TP 50
AUDUSD: Buy 0.6735 SL 25 TP 60
GBPUSD: Look for reaction at 1.3040 resistance
EURUSD: Could retrace down to 1.1045, Buy 1.1055 SL 20 TP 70 (hesitation at 1.1090)
USDJPY: Sell 146.80 SL 40 TP 120
USDCHF: Look for reaction at support level, Sell 0.8540 SL 30 TP 90
USDCAD: CPI Pending, Needs to break support, Sell 1.3585 SL 20 TP 60
Gold: Inverted Head & Shoulder, Broken 2510, could reach 2520, beyond that, 2530!!!
Bullish reversal?EUR/JPY is falling towards the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 159.97
Why we like it:
There is an overlap support level which aligns with the 38.2% Fibonacci retracement.
Stop [ loss: 157.59
Why we like it:
There is a pullback support level which lines up with the 61.8% Fibonacci retracement.
Take profit: 164.87
Why we like it:
There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
EUR/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
EUR/JPY pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 155.714 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EUR/JPY Playing Good At Broken Res, Let`s Buy It To Get 200 PipsThis 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 Playing Good At Broken Res, Let`s Buy It To Get 200 PipsThis 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 Potential Economic Data released by Bank of Japan caused the Market sell the EURJPY but, the pair has been gaining Momentum and is looking Bullish.
Demand Zone $159, renders an engulfing Candle breaking the VWMA suggesting that Buyers are coming into the market.
Target is Supply Zone $163 & $166
What do you think ?
Overlap support ahead?EUR/JPY is falling towards the support level which is an overlapa support that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 159.49
Why we like it:
There is an overlap support level which lines up with the 38.2% Fibonacci retracement.
Stop loss: 157.256
Why we like it:
The3re is a pullback support level which aligns with the 61.8% Fibonacci retracement.
Take profit: 164.87
Why we like it:
There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
EURJPY BUY TF H4 TP = 166.699 On the H4 chart the trend started on Aug. 05 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 166.699
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
EUR/JPY Broke Important Res Area, Is It Will Go Up Now ?We Can buy this pair now cuz we have a very good bullish Price Action , i prefer to wait for daily closure above the broken res level but let`s enter with small lot size and see what will happen !
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 SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
Previous week’s green candle means that for us the EUR/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 157.470.
✅LIKE AND COMMENT MY IDEAS✅
EURJPY ShortThis price has been forming a pennant for the past few days, ever since it hit the support zone at 155.
I anticipate that this currency might continue with the bearish run if it retests the lower trend line of the pennant, which will be a confirmation that the bears are in control.
Entry point at 160.3 SL at 162 and TP at 155.3
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Stop Loss : Recent Swing Low using 30m timeframe
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EURJPY: JPY is outperforming the EUROHey Traders, in today's trading session we are monitoring EURJPY for a selling opportunity around 164 zone, EURJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 164 support and resistance area.
Trade safe, Joe.
EURJPY: Strong Trend Following Signal 🇪🇺🇯🇵
EURJPY looks bearish again after a local correctional movement.
The price started to grow within a bearish flag pattern.
Its support was broken this morning.
With a high probability, the market will return to a bearish trend soon.
We can expect a bearish movement to 156.0 level.
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