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Eurjpy4h

EURJPY| STILL BULLISH FOR MEAfternoon Traders, We have clear uptrend momentum, Id be very interested in seeing how price action responds to the last quarterly highs, (dark blue ray line) At the moment price action is clearly indicating to me further moves to the upside, signified by the large buying that is coming in every time price action tries to push lower, I've highlighted my area of interest this is where i will be setting my order long if price action confirms it. if we start showing signs of trend reversal this will usually be significant by large bearish candles, I will of course flip my bias and I will seek an entry to short this pair. do you agree? let me know. Thank you.
Long
by NK008
EURJPY HIDDEN BULLISH DIVERGENCE 4H ASCENDING CHANNELEURJPY is making large pushes followed by deep retraces on a 4 hourly ascending channel. Looking at the MACD indicator we can see a potential higher low on the price action while MACD is making a lower low telling us price is at a lower extreme compared to the previous low. looking for signs of strength around the channel bottom would indicate that price is ready to create a higher low which may lead to a retest of the channel high or even a gap close. Highly recommend all risk be cut in 50% due to global factors which simply cannot be accounted for - normally my personal risk tolerance is not more than 2% however i am now reducing that to 1% maximum indefinitely. risk for all trades is 2.00% maximum this particular trade yields a 1:7 risk reward
Long
by Gapping_Hard
1
Short EURJPY Longterm Based on 4H + 1D ChartsWe recently shorted the EURJPY with great success and it is currently travelling back up to the trend line. As the current trend line is based on the 1D chart and the day is not over, it is not possible to determine exactly where the current trend line will stop and for this reason, I have made two possible entries on this trade setup. We can see the price has gone from making Higher Highs to Lower Highs and is now making Lower Lows as well, indicating that the upwards momentum is coming to an end. If price respects the trend line and bounces down, providing our 4H candle closes below the lower horizontal green line it should be a safe place to Short from. However, if the price reaches the upper resistance and is rejected, then we can enter from the higher green horizontal line providing a 4H candle closes below it. We have some support/resistances to battle through along the way and our first TP will be around 122.1 This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Short
by AEFX786
Long EURJPY Short Term Based on 4H + 1D ChartsWe recently shorted the EURJPY with excellent results, hitting our price target and bouncing from the major support/resistance line as expected. Now we are heading back up and as you can see I have outlined how we've gone from making Higher Highs to Lower Highs and so it would seem the uptrend is coming to an end. Ideally I would wait for price to reach the top, bounce off and then short it coming down, which I will... but there is an opportunity here to make some pips :) This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Long
by AEFX786