EURJPY BUYEURJPY Analysis: price is buying from support zone price 118.003 we are expecting price to reach resistance zone price 126.693 long term daily time frame.
Eurjpybuy
EURJPY LongAlmost similar idea as EURUSD earlier but need to be more cautious if S&P500 suddenly drops instead of climb to 2900. Initial TP @125.6 (61.8 fib) and next TP @126 (100 fib), with conservative SL just few pips below this week's low.
S&P 500:
Daily:
Weekly:
Confidence: 80% (less confident here than in EURUSD because market is still risk-off in general + the "rumored" recession + risks related to ongoing trade "negotiations" between US and China, which all give me a bullish bias on JPY if things indeed go gloom and doom irl lol)
EURJPY SYMMETRICAL TRIANGLE.EURJPY in Daily Time frame is Following symmetrical triangle
we need to wait for breakout then we can buy this Pair.
Note one think it can be broken Downside as well depend on market condition if it breaks downside then follow the rule of the symmetrical triangle.
What is a symmetrical triangle?
The symmetrical triangle is one of three important triangle patterns defined in classical technical analysis. The other two triangles are the bullish ascending triangle pattern and the bearish descending triangle pattern. The symmetrical triangle consists of a simultaneous downtrend and uptrend lines.
Note: This is only for Educational Purpose this is not Investment advice.
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Adil Khan
EURJPY - BUY OPPORTUNITYLooking to Buy EURJPY in Buy Areas and to close positions in TP Areas. (30+ PIPS)
Enter on reversal candle.
EURJPY - BUY OPPORTUNITY [CONTINUATION]Looking to Buy EURJPY in Buy area and to close in target areas .
EURJPY - BUY OPPORTUNITYLooking to enter EURJPY LONG in Buy Areas and to close in target areas 30+PIPS. .
EURJPY BUY to 125 | ~400 PIP MOVEThis is a continuation from a post I made 6/4. I TP'ed at the D extension. Waiting on retracement with entries at 50% 1HR retracement level and 61.8% 1HR retracement level. Looking to ride trade up to 125 to 125.5.
EURJPY Buys USDJPY has broken a minor resistance, showing the JPY pairs want to go up. EURUSD is in a range but ready to break up, so EJ will rise faster than UJ... WAIT FOR THE BREAK AND RETEST.
EURJPY ASCENDING CHANNEL TOUCHED... EURJPY has been travelling in an ascending channel ever since the huge drop on the majority of the fx pairs. Not much to be said apart from the doji candle and bottom of the channel has been hit, indicating price will make its way back up to the top of the channel
IF PRICE HITS STL , PRICE WILL MOST LIKELY FOLLOW THE RED LINE.
BULLISH OPPORTUNITY ON EURJPY!!Once again guys, we have another beautiful set up here.. oh btw, if you don't follow me already.. HIT THAT FOLLOW BUTTON.
Right,Right.. Let's dive into the technicals. We have a nice Bullish run before price reaches that point of resistance where price starts to retrace bearish. As you have probably gathered, my strategy is simple and I would recommend everyone who is trying to find their strategy to keep it simple. That's the trick. The profitability is in the simplicity.
50% Fibo retracement is marked at the grey line which is my entry for this trade. I have risked 1%. This is calculated by the number of pips from my entry to my stop loss and then multiplied by the cost per pip ( i.e. 160 pips x $8.80).
Bullish divergence is present and take profit as been marked too.
Happy trading all and remember to hit that follow button :)
Malika K
EURJYP BuyI believe the trend has reversed and we are now bullish but have hit a resistance point and should retrace where buyers may take a long position again. I have identified 2 places where you may wish to do a buy either at leg B OR you can decide to wait for market to go lower before buying in again at leg D.
My labelled zones are only a rough idea of where i think the market may touch. Decide on your own Entry & Exit.
DISCLAIMER
Please note that this chart is an opinion based chart only. Please trade at your own risk
Eurjpy buying long termEurjpy will be buying long term from support zone price 123.937 towards resistance zone price 127.297 daily time frame .
BULLISH RETEST ON EURJPYEURJPY IS CURRENTLY IN A CHANNEL ON THE HIGHER TIMEFRAME
IT RECENTLY BOUNCED OFF THE LOWER CHANNEL
IT MADE A SHIFT IN MOMENTUM AND NOW COMING FOR A RETEST
LOOK TO ENTER @ MARKED ZONES.
THE ZONES ARE 61.8% AND 50.0% FIB LEVEL.
