EURJPY SHORT ANALYSISAfter carefully studying the graph he published this idea which precisely reflects the points of my interest.
As you can see from the graph my entry point corresponds to the yellow circle with the relative SL AND TP set with a risk/reward of 1:4.
We are in the HYPER BOUGHT area on the 1D chart and on the 4H chart we had a HYPER BOUGHT with a breakout signal for sale.
I therefore predict a SHORT.
If you have any questions, please feel free to comment.
Happy trading everyone.
EURJPY
EURJPY H4 | Bullish reversal?EURJPY could bounce off our buy entry level and potentially reach our take profit level.
Entry: 157.86
Why we like it:
There is a swing low support level and a 61.8% Fibonacci retracement.
Stop Loss: 156.89
Why we like it:
There is a multi-swing low support level.
Take Profit: 159.15
Why we like it:
There is pullback resistance level.
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 short position setupHi everyone.
As we have a BOS to the down in 1H TF, now it's time for a pull back.
I think around 161 is a good area to look for CHoCH in lower TF(like 5min) to go short. Or you can set a limit order by your own risk.
Please consider the risk management.
Lets see what will happen...
Good luck.
EURJPY → Interim support now comes at 158.60FX:EURJPY accelerates its losses and puts the 159.00 support to the test at the beginning of the week.
The continuation of the downward bias appears on the cards for the time being. Against that, the 100-day SMA at 158.62 is expected to offer temporary contention prior to the October low of 154.34 (October 3).
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA at 153.71.
EURJPY Will Go Up From Support! Long!
Take a look at our analysis for EURJPY.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 159.383.
Considering the today's price action, probabilities will be high to see a movement to 160.396.
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.
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EURJPY Day | Falling to support level?EURJPY is falling from a pullback resistance level and heading to our take profit level.
Entry: 159.769
Why we like it:
There is a pullback resistance level.
Stop Loss:161.855
Why we like it:
There is a swing-high resistance.
Take Profit: 157.678
Why we like it:
There is a pullback support level
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: Bears Will Push Lower
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURJPY chart which, if analyzed properly, clearly points in the downward direction.
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EURJPY top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURJPY Will Explode! BUY!
My dear friends,
EURJPY looks like it will make a good move, and here are the details:
The market is trading on 161.66 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 162.35
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
EURJPY and CHFJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Bearish Sequence (Descending Triangle) - EJHere I have EUR/JPY on the 4Hr Chart! I believe we are seeing a Correction in the Bearish direction since EUR/JPY has been traveling in a UPTREND for quite some time!
Our current Highest High @ 164.308 on Nov' 16th is the first touch of the Falling Resistance followed by the failed attempt at a Higher High @ 163.719 on Nov' 26th forming what could potentially be a Descending Triangle Pattern!
**Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!
Fundamentally this week:
EUR - CPI (Wed), Flash CPI & OPEC (Thur) and President Lagarde Speaks (Fri)
JPY - OPEC (Thur)
-Bearish Prediction-
If Price Breaks and Closes above 163.719, Set-Up INVALIDATED!
If Price Breaks and Closes below 161.245, Price Action will initiate my Trade Action Plan!
EURJPY → Next on the downside comes 161.20FX:EURJPY corrects further down and drops to four-day lows around 162.20 on Tuesday.
The continuation of the downward bias carries the potential to drag the cross to the weekly low of 161.20/25 band (November 21) prior to the provisional 55-day SMA, today at 159.40.
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA at 153.37.
EURJPY Trading Opportunity! SELL!
My dear friends,
My technical analysis for EURJPY is below:
The market is trading on 163.35 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 162.52
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK