Get started

Eurjpybuy

EURJPY drop expected towards key level of supportWe’re seeing major support at 131.73 (Multiple 100% Fibonacci extensions, 61,8% Fibonacci extension, horizontal swing low support) and a possible bounce could occur at this level. Our next major level of resistance is 132.73 (Fibonacci retracement, horizontal swing high resistance) and our next major level of support is at 131.16 (Major swing low support). Stochastic (55,3,1) is seeing major support at 1.8%. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
Long EURJPY Inverted H&S Formation Based on Daily +Weekly ChartsWe've got an inverted H&S pattern formation completed on the Daily + Weekly time frames for the EURJPY with a potential long term target of 800+ 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
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
2618 & consolidation breakout on EURJPYHi guys, today i want to share with you this simple consolidation pattern called triangle: it basically consists on one trendline and one horizontal structure level converging at the same level. Price is making lower highs and equal lows. As you can see on the chart above though, price has actually broken to the upside this trendline, also breaking the double bottom's neckline (giving us a 2618 entry technique). Plus, the black line represents an important daily structure level, and on the daily chart the RSI is in oversold condition. All these conditions together make me think it could be a nice spot to go long here. I'm waiting for the completion of the 2618 in order to enter long. Stops below the lows, target1 at the retest of the highs, target2 at the top of the triangle. If you have any questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
Consolidation Breakout on EURJPYHi guys, today i want to share with you this simple consolidation pattern called triangle: it basically consists on one trendline and one horizontal structure level converging at the same level. Price is making lower highs and equal lows. As you can see on the chart above though, price has actually broken to the upside this trendline, also breaking the double bottom's neckline (giving us a 2618 entry technique). Plus, the black line represents an important daily structure level, and on the daily chart the RSI is in oversold condition. All these conditions together make me think it could be a nice spot to go long here. I'm waiting for the completion of the 2618 in order to enter long. Stops below the lows, target1 at the retest of the highs, target2 at the top of the triangle. If you have any questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
Harmonic Trading on EURJPYHi guys, this is a Cypher pattern that's almost completing on EURJPY 1H chart. The white line represents a previous structure level very important and in the daily chart the RSI is in oversold condition. Price has also created a nice pinbar on the daily chart as well. These are the reasons why i'm getting involved with this. I'm actually taking this one a little lower in order to get a better risk to reward ratio. Stops below X, targets as usual for harmonic patterns. If you want to share your thoughts or simply ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
6
Cypher on EURJPYHi guys, this is a Cypher pattern that's almost completing on EURJPY 1H chart. The white line represents a previous structure level very important and in the daily chart the RSI is in oversold condition. Price has also created a nice pinbar on the daily chart as well. These are the reasons why i'm getting involved with this. I'm actually taking this one a little lower in order to get a better risk to reward ratio. Stops below X, targets as usual for harmonic patterns. If you want to share your thoughts or simply ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
6
Double Bottom at Structure!Hi guys, here we have a double bottom at a previous structure level on the 4hr (in this case our higher timeframe). The last candle signals also buying pressure, together with RSI divergence. That's enough for me to consider taking this trade. Stops below the low, first target at the retest of the highs, second target at 618 retracement of the previous move. If you want to share your opinion or just ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1