Get started

Eurjpyanalysis

Expecting bullish volatility from this bearish contractionSupported by the daily rejection block, we're looking for bullish opportunities because we have cleared the immediate swing high at 158.000. This sentiment indicates a strong bullish market. Anticipating this corrective movement to reduce further and mitigate the breaker block at 157.350 to activate buyers for a volatile bullish move. - Entry: 157.350 - Stop Loss: 156.550 (80 pips risk) - Target: 161.350 (400 pips potential gain) This trade setup suggests a bullish opportunity with a risk-reward ratio of 1:5.
by tokelohomi
EURJPY The Week Ahead 17th Feb 25The EURJPY price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 161.30, 50 Day Moving Average level. An oversold rally from the current levels and a bearish rejection from the 161.30 level could target the downside support at 158.85 followed by 15687 and 156.00 levels over the longer timeframe. Alternatively, a confirmed breakout above 161.70 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 162.76 resistance followed by 163.70 levels. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
Strong Downtrend in EURJPY—Here’s My Trade Plan!In this video, we take a quick look at the EURJPY currency pair, which is currently in a strong downtrend. On the four-hour timeframe, we can clearly see lower highs and lower lows. However, price has now reached a key support zone on the weekly and daily timeframes. While my bias remains bearish, I’ll be watching for a retracement toward previous swing highs for a potential entry, as the pair is trading into a significant liquidity pool and is likely to react at this level. This is not financial advice.
Short
by fxtraderanthony
6
#EURJPY 1DAYEURJPY (1D Timeframe) Analysis Market Structure: The price is currently trading near the support of a well-defined channel, indicating a potential buying opportunity. This support level has previously acted as a strong demand zone, suggesting that buyers may step in again to push the price higher. Forecast: A buy opportunity is expected if the price holds above the channel support, signaling a potential move toward higher levels within the channel. Key Levels to Watch: - Entry Zone: Near the channel support after confirmation of bullish signals. - Risk Management: - Stop Loss: Placed below the channel support or the recent swing low. - Take Profit: Target the midline or upper boundary of the channel for potential upside movement. Market Sentiment: As long as the price remains above the channel support, the bullish structure remains intact. Waiting for confirmation of a bounce ensures alignment with market momentum before entering a trade.
Long
by PIPSFIGHTER
DeGRAM | EURJPY got out from the channelEURJPY is under an ascending channel above the trend lines. The price is moving from the upper boundary of the channel and resistance level. The chart formed a harmonic pattern, exited the channel and then fell under the support level, which coincides with the 50% retracement level. We expect the decline to continue after consolidation under the trend line. ------------------- Share your opinion in the comments, and support the idea with a like. Thanks for your support!
Short
by DeGRAM
10
#EURJPY 1DAYEURJPY (1D Timeframe) Analysis Market Structure: The price is moving within an uptrend channel, consistently forming higher highs and higher lows. However, it is now approaching the upper boundary of the channel, where selling pressure may increase. A potential rejection from this resistance area could lead to a short-term bearish move within the channel. Forecast: A sell opportunity is anticipated if the price faces rejection from the upper boundary of the channel, signaling a potential pullback toward lower levels within the channel. Key Levels to Watch: - Entry Zone: Near the upper boundary of the channel after confirmation of bearish signals. - Risk Management: - Stop Loss: Placed above the channel resistance or the recent swing high. - Take Profit: Target the midline or lower boundary of the channel for potential downside movement. Market Sentiment: Although the overall trend remains bullish, a temporary correction within the channel is possible. Confirmation of rejection at the resistance is essential before entering a sell position to align with market momentum.
Short
by PIPSFIGHTER