EURJPY / LONGPrice bounced off the trendline so we can go long, if the trendline is broken we can look for shorts
Eurjpyforecast
EURJPY ANALYSISEURJPY ANALYSIS
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EURJPY - big rangetwo scenarios:
wait for a sideways exit)
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EURJPY 1MHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
EURJPY BEARISH CONTINUATION #EURJPY SELL
ENTRY = NOW at 126.000
SL = 126.300 (-30 PIPS)
TP = 125.000 (+100 PIPS)
WHAT TO EXPECT? EURJPY 4h TECHNICAL ANALYSISEURJPY had an important down move, breaking out of the channel and falling for about 80 points. What to expect now?
The most important levels to watch for are 124.900 and 126.000. Before entering any position i would wait and see if the market its just correcting before having a bearish continuation or if there is an inversion of the trend.
If the pair reaches key support level at 124.900, respects this support and starts forming higher highs and higher lows i would search for a good buy position, otherwise safe sells are set only if the pair breaks support and breaks the bullish weekly trend line.
EURJPY, having some pullback, long when touches supportEURJPY, a healthy pull back, long if it touches the area level of support!
Short term buy setup #forexIf price can clear the downtrend line as well as hold the lows of yesterday (126.50) then we could see a bounce at least for a day. Ideal target would be 127 but lets see how it plays out.
EURJPY - SHORT; SELL it here!This is definitely done here, for a while.
Of course this is the better SHORT, also the best single trade of 2021!...
... Also, because of this;
Ultimately, this pair will be still a Long until it's fully done.
Potentially there will be a good Long Entry once this short meets it's target, first.
EURJPY BUYTake a buy on eurjpy as it consolidated few hours and showing rejection candles , it is expected to go long . Its a high quality trade and will give atleast 50 pips .
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( Falcon Strategy )
EURJPY Long Trade Idea 💡Hey traders, here is the analysis for the EURJPY. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
EURJPY LONGEURJPY is in a lovely upwards channel. To take a long I will be looking for price to come down where marked.
I will look for a third new higher low to be created whilst staying within the channel. This confirms that the trend is likely to continue...the trend is your friend.
From 126 region I expect price to go up towards 128 region. This is providing us with a great long option with good r/r. Trade is only valid if technicals are respected .
EURJPY Buy Plan | Entry details in description EURJPY Buy - Entry- 126.755 SL- 126.086 TP- 128.762 NOTE - Please do your own analysis before taking this trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
EURJPY | Perspective for the new weekSince my last publication on this pair (see link below), it appears the Resistance level @ Y126.620 is not holding as price finally breaks out of this level last week to find a new Support level (Demand zone).
Despite Europe having a lead over Japan when it comes to vaccination; The unfolding Covid-19 situation and other global events might have its toll on this pair in the coming week as both the European and Japan economy continues to struggle to contain the Covid-19 pandemic.
Tendency: Uptrend ( Bullish )
Structure: Breakout | Supply & Demand | Channel
Observation: i. Since December 2020, price action has been caught within a channel of Supply and Demand ranging between Y126.000/127.000.
ii. A breakout of this channel last week sets a new tone to the trend and might be the continuation of the rally that has gripped this pair since mid-last year.
iii. In the coming week, I shall be looking out for a possible correction which might deep into Y126.400/127.000 area for an opportunity to go long.
Trading plan: BUY confirmation with a minimum potential profit of 140 pips.
Risk/Reward : 1:4.5
Potential Duration: 3 to 10 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.
