EUR/JPY | Potential Upward Movement 🚀🚀🚀Technical Analysis:
Starting by the higher time frame the price is trading within a bullish channel formation where it posted a correction toward a daily strong support @ 128.26 mark. On the lower time frame, the pair is traded within a bullish flag pattern which might lead to a lower correction to the 61.8% Fibonacci level. After that this, a move upward could be seen toward the 129.45 mark.
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Trade Idea:
Buy Limit Order @ 128.79
Take Profit @ 129.45
Stop Loss @ 128.47
Trade Safely 🙂
Eurjpybuy
EUR/JPY Is Launching Its Rocket Soon 🚀🚀🚀💡 Trade Idea
📈 EUR/JPY | Buy Limit Order @ 128.79
🎯 Target Profit 129.45
🛑 Stop Loss 128.47
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price is trading within a bullish flag formation where we expect the sellers to push the price toward the 61.8% Fibonacci retracement level @ 128.79 level. This might cause a pump and a move upward to the 129.45 mark.
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Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
EURJPY - SWING - 02. MAR. 2021Welcome to our weekly trade setup ( EURJPY )!
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1 HOUR
Bullish reaction and closure above main sr level.
4 HOUR
Expecting another upside push.
DAILY
Overall bullish market in a pullback, good long entries!
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FOREX SWING
BUY EURJPY
ENTRY LEVEL @ 128.500
SL @ 127.640
TP @ 129.690
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EUR/JPY Might Be Reaching the 129.14 Mark 🚀🚀🚀💡 Trade Idea
📈 EUR/JPY | Buy Limit @ 128.26
🎯 Target Profit 129.14
🛑 Stop Loss 127.83
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price is ranging inside a bullish channel where it made a correction count to the bottom of this pattern. We have a confluence area between the daily support, the 61.8% Fibonacci retracement, and the trendline which might lead to a pump upward to the 129.14 level.
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Please press “Like” if you appreciate the trading idea 👍
“Follow” for more trading ideas in the future 👀
“Comment” below to share your thoughts with us and other traders 👥
-------------------------------------------------------------------------------------
Risk Disclaimer: All trading ideas published by “collegeofpips” are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
EUR/JPY | Potential Upward Movement 🚀🚀🚀EUR/JPY | Potential Upward Movement 🚀 🔨
Technical Analysis:
Starting by the higher time frame the coin is posting higher highs and lows by smashing all the daily resistances. Recently, a correction count has been posted toward the new daily support. on the lower time frame the price is heading toward a strong confluence area between the 61.8% Fibonacci retracement, the trendline and the daily support at 128.26 level. This might lead to a move upward to the 129.14 mark.
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Trade Idea:
Buy Limit @ 128.26
Take Profit @ 129.14
Stop Loss @ 127.83
Trade Safely 🙂
EUR/JPY Signal (H4 Timeframe) Looking BullishHi Traders
EUR/JPY Signal (H4 Timeframe)
A medium to high probability, entry to go LONG is forming @ 128.443 after the market found support @ 127.300. Only the downward break of 127.300 would cancel this bullish scenario.
Trade details:
Entry: 128.443
Stop loss: 127.300
Take profit 1: 129.117
Take profit 2: 130.260
Take profit 3: 132.123
Score: 9
Strategy: Bullish Breakout
EUR/JPY Retraced to SupportAs stated in my last analysis this has now retraced back to support after it broke through a major downward trendline. If this can reject this support and stay above the trendline we can long this. It has just made a sharp downward move so this could sharply rise again but the safest way to trade is to wait for the market to calm before entering a trade. MACD is well above 0 so its still bullish and we need to see EMA's stay long. If this stabilises at support then a target of 129.234 can be set.
EUR/JPY BreakoutAs previously reported on this pair this has now started to break above the resistance and trendline. This a major trendline so this is a significant move that could possibly end up a false breakout but a trade can still be entered with the right conditions. I want to see this retrace and test the support and/or trendline before rebounding upwards again before entering a long. I am setting the initial target for take profit at 129.234 with SL below the support.
EurJpy- I expect a violent break to the upsideThe long term trend for eurjpy is clearly up and the pair is consolidating gains for over 2 months now.
If we ignore the false break of 126, the range is pretty tight, between 126 and 127.
Now the pair seems to press on resistance and I expect a strong break and acceleration
My target for long position is 130 and only a daily close under 125.50 would change my mind
EUR/JPY Tapering To a PointI have previously mentioned that this is near a major downward trendline. There is also a lower trendline which has the price on this tapering to a point. Price is looking more likely to breakout higher from here providing it breaks the resistance. If it does then we can look for a long after a retrace, keep in mind there could be a false breakout although with this being so close to the point I think this is unlikely. Either way confirmation of a rejection from the support level needs to be waited for.
EUR/JPY Now Rising Off SupportThis is now rising from the support I marked out on this pairing 3 days ago. Unfortunately for those that may have entered the long when I posted it may have just touched the SL, hopefully it just avoided as it is now rising again. MACD is set to go bullish above 0 and EMA's are about to cross over. I have set TP at the previous high of 127.344. SL just below the recent lows on support. Keep in mind there is a very major downward trendline just above.
TP - 127.344 or at trendline
SL - 126.050
EUR/JPY to Rise to Trend LineI have been monitoring this for a few days and it has just retraced to the support level marked by the blue line. This could be a good time to long from here. There is a major trendline just above the current price so TP can be set at this line or at the previous high, it depends how long it takes to reach this point. Environment is still bullish as seen on MACD is not below 0.
EURJPY, 4hr tf, EMA-200 support to fuel buying pressureHello everyone,
As you can see EURJPY has been moving in a sideways direction for the whole December.
It is moving in a tight 80 pips range and i think we might soon get a real buying pressure.
If you look at the daily chart, EURJPY previously broken above an inverted head and shoulders pattern.
The measured objective of this pattern count should be around 128.20 area.
EURJPY has managed to closed above 126.60 resistance twice on 4hr tf.
The next time it closed above it i think we will see some strong buying pressure.
For now, we will try to trade inside this range because it still offer a good trading opportunity.
We could also consider this sideways movement as a flag pattern and i think it will be a bullish flag.
Buy limit EURJPY 125.85
Stop loss 125.60
Take profit 126.60 (3R)
RR Ratio 1 : 3
Use only 1-2% risk
Good luck