First trade of 2024 EURJPYM15 and M30 are overbought with divergence, and I believe there is going to be a market crash, so JPY should strengthen. Stop loss is 50 pips with a target of 100 pips
EURJPY
EURJPY H4 | Reacting off 38.2% Fibo levelThe price of EURJPY could reverse from the sell entry and fall to the take profit level.
Sell entry is at 156.240 which is an overlap resistance level that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 157.934 which is a level that sits below a pullback support.
Take profit is at 153.843 which is a swing-low support level.
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EURJPY Setup good setup on EURJPY, know its in correction level.
i think its will go to support level.
Sell EURJPY / 4HSell
Entry: 157.759 (Now)
Stop: 159.670
TP1: 155.302 (RR = 1.2)
TP2: 151.926 (RR = 3)
Bearish Continuation?? - EJHere I have EUR/JPY on the Daily Chart!
Ever since price made its High on Nov' 15th, it has been in a decline.
With current Price Action making a series of Higher Lows into Higher Highs all while the RSI is below 50 leads me to believe we are looking at a very convincing continuation pattern called a Bear Flag!!
With the Bear Flag, we suspect Price will give us a Solid Bearish Break below the Support Leg of the Rising Channel to continue LOWER!
Strengthening my Bearish Bias is the Flattening of the 200 EMA with Price working LOWER out of the Consolidation Zone and the Interaction of the EMA with price showing strength possibly switching!
*Still waiting for Break and Close BELOW 200 EMA to confirm*
Be Aware! Price is still playing within the Parameters of Consolidation so I've marked the potential reversal area as the Support Zone.
Fundamentally this week:
EUR - Holiday (Mon) PMI (Wed) CPI (Thur)
JPY - Holiday (Mon)
*Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!
-Pattern Prediction-
**If Price Breaks and Closes above Rising Channel, Pattern INVALIDATED!
**If Price Breaks and Closes below Rising Channel, Pattern CONFIRMED!
EURJPY - Following The Bulls ↗️Hello TradingView Family / Fellow Traders,
📈 EURJPY has been overall bullish, trading inside the rising channel in blue and it is currently approaching the lower blue trendline.
Moreover, the zone 150.0 is a robust round number and demand zone.
🎯 Therefore, the highlighted blue circle represents a significant area to consider for potential buy setups , as it marks the intersection of the green demand and lower blue trendline.
📚 As per my trading style:
As EURJPY approaches the blue circle zone, I will be actively searching for bullish reversal setups to capture the next bullish impulse movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
While Everyone is Selling EUR/JPY, It Looks Like It Will RetraceIf you trust math and geometry then there should be a small retracement for eur/jpy. Harmonics indicator says there will be a small push up, taking out many stop losses of those who expect it to continue falling. Big banks will profit, and then continue the actual direction - down.
What do you think?
The EURJPY still bearish – Analysis – 13-12-2023 The EURJPY still bearish – Analysis – 13-12-2023
Trend strong bearish
new sell signal today
The EURJPY pair confirmed its affection by the domination of the bearish bias due to the frequent negative closings below 157.60 resistance, forming sideways fluctuation near 157.00 due to the continuous contradiction between the major indicators.
Note that it is important to gather the negative momentum to manage to activate the bearish attack, to expect crawling towards 155.90 level soon, while breaking this obstacle will push the price to 155.40 as a next main target.
The expected trading range for today is between 157.35 and 155.90
The expected trend for today: Bearish
EURJPY still bearish to expect (high accuracy expected)
Hi viewers, EURJPY price on zone, in last periods we are have strong bearish market, here break and higher bearish for expect
TP1: 153.150 (250)
TP2: 151.200 (450)
EUR/JPY H4 | Potential bearish breakoutEUR/JPY is falling towards a multi-swing low support and could potentially break off this level to fall towards our take-profit target.
Entry: 156.244
Why we like it:
There is a multi-swing-low support level
Stop Loss: 157.853
Why we like it:
There is a pullback resistance level
Take Profit: 154.415
Why we like it:
There is a swing-low support level
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EURJPY, D1 - possible move downPrice broke down the trendline and retested it. Price also retraced last bearish impulse in 50%. So after small pullback up, further decline possible. Trade carefully!
EURJPY Will Go Higher! Buy!
Here is our detailed technical review for EURJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 156.796.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 160.390 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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EURJPY TECHNICAL ANALYSISHere I forecast EURJPY and found it very interesting, my area of interest is 158.500 level , And I want to see how the price is going to react to that level , whether 154.00 zone was indicating a double bottom and as a reversal . Let Price indicate that for ours guys.
EURJPY LONGhello traders.we had choch in 4hr .after price pullback to this demand area we search for confirmation in smaller time frame to open our long position.
R:R 2
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✅EUR_JPY WILL GO UP|LONG🚀
✅EUR_JPY is making a rebound
From horizontal support of 156.200
So I think that the pair
Will go further up
LONG🚀
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EURJPYEURJPY BUY
TP in the chart
SL in the chart
Good luck guys
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EURJPY : Long Trade , 4hHello traders, we want to check the EURJPY chart. The price is moving in an ascending channel and has pulled back to the indicated key level. If the price cannot break this level and stabilize itself above this level, we expect it to maintain its upward trend and grow up to the price of 159,000. Good luck.
EUR-JPY Local Long! Buy!
Hello,Traders!
EUR-JPY made a retest of
The horizontal support
Of 156.285 from then
Broke out of the bullish
Wedge pattern and is
Going up now so I will
Be expecting further growth
Buy!
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EURJPY Looking BearishEURJPY recently displayed a break in both the trend line and the support zone, followed by a subsequent pullback to the established zone. Despite encountering some market fluctuations, current indications suggest a potential downturn towards the specified level. Your thoughts and comments on this analysis carry significant value and are greatly appreciated. If you have any insights to share regarding the anticipated future movements of EURJPY, please feel free to contribute. Your input plays a crucial role in enhancing the overall understanding of the market dynamics for this currency pair.
EURJPYHello traders ,what do you think about EURJPY? After breaking the trend line and the support zone, this currency pair has completed a pullback to that zone. It is expected to drop to the specified level after a little fluctuation in this zone.
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EURJPY HIGHER CONTEXT ON A HIGHER TIMEFRAME,
Base on The previous 08 supply. I expect Eurjpy can shoot upto 165, if the EUROZONE would continue to Push there rate hikes.
But before that. Now I see a break of previous high, I will wait at retest below atleast 153.800-152.400 zone for best entry,
IF you also a aggressive trader I put a line for your entry zone.
This is only my view, I see the eurjpy slowly growing at this week. I wait for a retest atleast.
This is not a financial advice. FOllow for more
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EURJPY - Short active ✅Hello traders!
‼️ This is my perspective on EURJPY.
Technical analysis: Here we can see that price filled firstly daily imbalance and now started to form lower lows and lower highs, so I am bearish. As well we can see that price mitigated bearish order block and rejected from it.
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🇪🇺 EURJPY 🇯🇵 - Flag against a bearish trend The EURJPY currency pair may continue to fall as accumulation is forming amid the bearish trend. There is a weak flag on the downtrend, which is a set-up for further price decline. Besides, the false breakdown of resistance also indicates the market sentiment
Reasons for further decline ↓
1) range formation on the background of the dovntrend
2) resistance retest and false breakdown at 157.69
3) bearish trend
4) weak fundamental background for the yen
