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Eurjpyforecast

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
EURJPY- Sell Trade Start << Lets WatchDisclaimer: the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management. _______________________________________________________________________________________________________________________________________________________ Thank you for your support!
Short
by Rapid-Trading-LTD
1
||ARE YOU THE SHEEP OR THE WOLF ? (EURJPY)At first glance when you look at this trade you clearly think its going down , which isn't wrong but its the timing that's off by a bit over time you will come to realise the same eyes you use to see the market are what every body uses too, and that makes you part of the herd and a sheep and boy are you destroyed !! this is what I see yet, many of you see bearish sentiment , my hope here is to challenge your first sight instinct but not deter its initial intent as you will observe we will be shorting this trade but for now we are looking for buying positions ,contradictory but walk with me maybe I can breach a barrier in your assumptions expecting a pullback in price all the way back to 126.6x and then triggering my shorts to see some off loading of buyers
Long
by da-bag
2