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Eurjpy!

GBPJPY - Multi Year SHORTS Coming! (Over 10,000pips)Here we have the 2 month chart of GBPJPY. We can see that we're in a massive ending diagonal made up of 5 waves. We are currently on wave 4 and have almost completed. At the moment we are working within the parameters of a channel however we must be aware that we may exceed the channel. The channel is just there for us to use as a guideline. In 2007, we have a really nice ending diagonal (expanding) before we made that ridiculous +13k pip drop. See below for the 2D GBPJPY chart from 2007: We can see that the lower timeframe diagonal broke down beautifully. We are anticipating something similar this time round! See below for the 2D GBPJPY chart of the current diagonal: We've got an almost identical price action as 2007. We just got to wait a little and watch for the break of the red trendline and enter and hold. See below for the 2week chart of GBPJPY: Trade Idea: - Watch for a break of the ending diagonal - Alternatively, you can wait for a pullback after the ending diagonal breaks - stop loss above highs once entry trendline breaks - Swing Target: 100 (10,000pips) What do you guys think? Goodluck and as always, trade safe!
by WicktatorFX
7
EURJPY - buy to sell setup?There is some glitch and previous 2 posts shall be deleted as soon as possible. Okay, onto the EJ - As price finally dropped down to the daily buy zone, while breaking the structures with a big drop and creating it's own ITR, I am bearish on EJ but before that I am looking for buys prior to sells. That would make sense, knowing that liquidity can come into the market from higher buy/sell zones and price is increasing from the daily buy zone. Lets's watch it closely as the setup seems great!
Long
by Tilen_FX
Buy EUR/JPY Head & Shoulder PatternThe EUR/JPY pair on the M30 timeframe presents a potential Buying opportunity due to formation Head & Shoulder pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 167.12. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 169.38 2nd Support – 171.10 Stop-Loss: To manage risk, place a stop-loss order below 164.60. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_FOREX_TRADING
4
EURJPY -4hrs ( Sell Trade Target Range 400 PIP ) ☑Pair Name : EUR/JPY Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ 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 ( Short ) Type : Mid Term Swing ——————————— Bearish Break 169.500 Area Reasons - Major Turn level - Visible Range HVN - Channel Break Out - Fixed range Value - Day / week low Bullish Reversal 165.500 Area Reasons - Major Turn level - Visible Range lvn - Fixed Range Poc Area - Quarters Area - Fibo Golden - Major Choch Zone
Short
by GoldenEngine
6
Is EURJPY going to turn around? the week of 22 July, 2024Many of us never realized that the current bull run in this pair began more than 4 years ago. Is anything going to change soon? I don’t think so, not until the recent low at 167.520 is convincingly taken out. At this time, my bias is therefore bullish and I am only looking for the conclusion of the current pullback. Once that is established, I will be looking to take an entry long. Price is finding support at the 50ema and Ichimoku holds a bullish view as well. This is not a trade recommendation, it is just my analysis. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management if/when you trade. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
Long
by Trading_Vista
8
EURJPY Will Go Higher! Buy! Take a look at our analysis for EURJPY. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 171.611. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 172.674 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2