Eurjpyforecast
EURJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURJPY Break Major Trendline Technical indicators remain bearish. However, oversold oscillators raises scope for some pullbacks
EUR/JPY has formed a Spinning Top on the daily candle, suggesting indecision among traders.
The pair is set to remains choppy at current levels as we head into the ECB meeting. Geopolitical developments are set to remain in the driving force.
DISCLAIMER: ((trade based on your own decision ))
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EUR/JPY Short Trade UpdateHey Guys! Just a quick update!
As you guys know the current weekly bias on the Eur/Jpy is short. Or in other words, price is likely to reach 133.68 before reaching 114. 40 .
In this video, I explain the short position I'm currently holding and the reasons why I took the entry, as well as how I plan to trade this set up in the coming weeks.
That's it! I'll keep you guys updated!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.
EURJPY LONGS📉📉📉📈 Expecting bullish price action on EURJPY as price takes out sell stop liquidity where a lot of retail stops where, also price takes out liquidith below the psychological area 128.000 and closed above with a high bullish momentum on H4, i see a retracement on the JPY INDEX meaning JPY should go down and EJ would go up. RSI/Stochastich Indicator are below 20 area meaning a reversal should occur because price is oversold from a mathematical standpoint. 7
What do you think ?
Mar 1, 22 EUR/JPY one year low-Buy Opp?Looking at the Daily chart, EUR/JPY has touched a one year low today. Will it keep going lower? Or is this a good time to get into a Buy Opportunity?
We will still need to look at the next few days to see what's in store for price action movement. As in my system, I will be looking for a Bullish Divergence Candle to confirm a good entry point for a Buy opportunity.
I will keep you posted.
Heiko
EURJPY | Perspective for the new weekIt has been a choppy situation for EURJPY since mid last year as the price keeps juxtaposing between JY128 and 132.5 zones to emphasize the indecision in this market. With a very simple set-up floating on my screen right now on the 4H time frame, my expectation going into the new week remains bullish considering the rejection of the JY128 level which has a strong memory for buying power (see daily and weekly time frame).
Tendency: Uptrend (Bullish)
Structure: Supply & Demand | Trendline | Reversal pattern (Breakout)
Observation: i. A visual representation of a trend after connecting a series of prices with a line drawn over pivots highs shows the prevailing direction and speed of price in the last 2 weeks.
ii. Price action came back to the JY128 level during last week's trading session and was immediately rejected resulting in the appearance of bullish engulfing candles that broke out of key level on Friday to set the tone for another possible bullish wave in the coming week(s).
iii. I look forward to the breakout of the bearish trend line to confirm the buyer's strength.
iv. The early hours/days of the new week might see a drop in price into the key level or new demand level identified around the JY129 area to incite a Trend continuation.
v. Hence, above the key level at JY129.350 remains a comfortable level to take a long position on this pair... Trade consciously!😊
Trading plan: BUY confirmation with a minimum potential profit of 300 pips.
Risk/Reward : 1:4
Potential Duration: 3 to 8days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EURJPY SHORTEURJPY moving in a channel and not able to break the channel upwards.
Good to short this pair and also you can short USDJPY as well. I have shared the chart idea.
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries.
Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
EUR/JPY Short Trade UpdateHey Guys!
As you guys know the current weekly bias on the Eur/Jpy is short. Or in other words, price is likely to reach 133.68 before reaching 114. 40 .
In this video, I explain the short position I'm currently holding and the reasons why I took the entry, as well as how I plan to trade this set up in the coming weeks.
Moreover, I review how I have been trading this short set up for the last couple of weeks.
That's it! I'll keep you guys updated!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.
EUR/JPY 4HR SELL SET UPHi TRADERS this is my trade set up for the EUR/JPY
EUR/JPY Looking for a pull back in to the order block zone and I am expecting a rejection for a sell trade
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
please like comment and follow
EUR/JPY Short Trade UpdateHey Guys!
Due to 1h weakening of long strength. I aborted the counter bias long entry and simultaneously entered a short position at 131.50 with the stop loss at 133.68 and the main target at 114. 40.
That's it!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.
EUR/JPY Short Trade UpdateHi again guys!
I just took a counter bias trade long at 131.16 with a stop loss at 130.87. The target, due to this being a counter bias trade, will be decided on short term price action .
If there are any signs of short strength on the lower time frames, I will abort this counter bias entry.
Ok Guys!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.