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Eurjpyforecast

What i see in EURJPY. G'Day Guys. Here some overview for EURJPY pair. Please note, this reference is for educational purpose only. You might follow or just for the idea. FYI, i will open my position based on my own R:R and smaller Time-frame setup. This is normally i use for reference. As my idea is, i already know what the Big Boys would like to do coming next 12 months. My jobs is to taking advantages on the markets weaknesses. Come and comment on this idea. Trade setup will be updated time to time. Cheers.
by EYFMarkets
EURJPY - Diagonal PatternIn the weekly chart, the Triangle pattern is broken and the uptrend is almost being confirmed (Weekly Chart ) In the daily chart, by completion of Wave 2 in the range of 114.39, the uptrend has started in Wave 3, price is currently in this wave of which the targets of the uptrend can be in the range of 133. (Daily Chart ) In the 240-minute chart, the wave counting has shown that, corrective movement of wave 2 from sub-waves of wave 3 has been finished in the range of 38% Fibonacci ratio. The most important point is that the Diagonal pattern has been shown in the one-hour chart. By crossing the price from the range of 128.66, this scenario will be confirmed.
Long
by NirmataFX
EURJPY | Perspective for the new weekThrusting out of our previous Demand level @ Y126.4, the price moved over 150pips in our direction since my last publication (see link below for reference purposes). Since the Breakout of the Y122.000 level mid last year, the price has continued to find Higher Highs with impressions that support LONG positions from all perspective. It is also very obvious that Key level @ Y125.000 as been a major determinant of price in the last 8 months (since July 2020) as the price continues to remain "Supported". Tendency: Temporary Downtrend followed by Uptrend ( Bullish ) Structure: Correction wave | Breakout | Supply & Demand | Harmonic (AB = CD) Observation: i. Following the correction into Y122.000, price have remained bullish. ii. Since the successful Breakout of Key level @ Y125.000 in December 2020, Buyers have continued to retain price above level hereby confirming the Buying power at this juncture in the market. ii. Completion of a Harmonic pattern (AB = CD) might see price do a temporary decline from Y129.000 area (supplication area), a set-up characterized by "quick sells" (Correction move) from participants who took advantage of the rally from Y122 level to recover some profit before the anticipated rally. iii. It is worthy to note that the Y126.000/124.000 zone has a prospect of becoming a very good Demand level in the nearest future. Trade consciously :) Trading plan: SELL/BUY confirmation with a minimum potential profit of 500 pips. Risk/Reward : 1:3 Potential Duration: 7 to 15 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, 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.
Long
by darcsherry
6
EUR/JPY BUY IDEAHey tradomaniacs, welcome to another free setup! Notice: You don`t need to follow me on this one as this is a high-risk-trade ahead the news. I personally have a higher risk-aversion and see a great opportunity here! EUR/JPY: Daytrade-Execution Market-Buy-Order: 127,450 Stop-Loss: 127,130 Point of Risk-Reduction: 127,680 Take-Profit: 128,230 Stop-Loss: 32 pips Risk: 0,5% - 1% Risk-Reward: 2,50 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Long
by Trading2ez
9
EURJPY ANALYSIS 15 - 19 FEBANALYSIS -------------- DAILY TF: BULLISH MOMENTUM IS PRESENT 4HR TF: BREAK OF RECENT HIGHER HIGH 1HR: RECENT HIGHER HIGH BROKEN PLAN OF ACTION ---------------------- - WAIT FOR RETRACEMENT/ CORRECTION PHASE ON THE 1HR TF TO COMPLETE BEFORE TAKING BUYS - IF OPPORTUNITY PRESENTS ITSELF, WE CAN TAKE THE ANTI-TREND SELLS TRADES ENTRY REASON -------------------- - BREAK OF CORRECTION PHASE STOP LOSS @ TO BE DETERMINED AFTER CORRECTION TAKE PROFIT @ NEXT ZONE
Long
by Terapips
3
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.
Long
by olly48
EUR/JPY Full AnalysisGood day Traders !! On this multi-timeframe analysis we will make a full breakdown of this pair. Monthly : We Have an "W" Formation and we and we already started new impulse and broken previous High . Weekly : We also have an overextended "W" formation as well and we completed the pattern. We should see a continuation to the upside. Daily : We have a formation of a new "W" pattern and we will be placing our entry at the neckline of this W formation and wait for the market to shift from a bearish market to a bullish market on lower timeframe to execute the trade . COT : Institution have been decreasing net positions in JPY since they closed more than 8500 long positions and added to 1100 Short position during the last report. From an EUR perspective hedge funds added more longs positions than shorts and this explains the fact that there will be a lot of buy limits on this pair and then support our idea of correction in the market. 8H: We are currently super bullish and we will be monitoring price action around the Entry area for the environment to shift from a bullish to a bearish environment so we can execute our entry for a good R:R trade setup. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. You can also leave a comment and let me know which pair you'd like me to analyze in my next idea. Trade safe !!!
by TheDayzen
1
EUR/JPY BUY IDEAHey tradomaniacs, welcome to another free trading-setup. Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation! EUR/JPY: Daytrade-Preparation Market-Buy: 127,090 Stop-Loss: 126,690 Point of Risk-reduction: 127,350 Take-Profit: 127,990 Stop-Loss: 40 pips Risk: 0,5% - 1% Risk-Reward: 2,25 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me!
Long
by Trading2ez
9
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.
Long
by olly48
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
Long
by olly48