Eurjpyidea
EUR/JPY Full Analysis And New 2 Long Setups To Get 300 Pips !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EURJPY Short Bias .Waiting for Pullback for Short Entry. UpdateHey Guys!
As you know, I'm currently waiting for a pullback to at least 131.67 for a short entry with the stop loss at 133.68 and the main target at 114. 40 . Here's an update!
On the left side of the chart this was consistently short term short strength confirmed by upward trendlines break outs and no immediate breaks back in. ( No---! For I want long strength to kick back in for the short entry!)
Then in the middle of the chart, price began to base out with consecutive 1h downward trendline break outs and no immediate breaks back in. ( Yes!! For short strength began to wane a bit!)
Soon after the 1H chart began confirming long strength with the upward trendline break out and immediate break back in. (Double Yes!! For long strength kicking back in!)
However, at the recent 1h highs, price is giving mixed signals. A 1M Fake Double Top that went its target height.(Showing short term short strength) and moreover, a 1h upward trendline Break out, but no immediate break back in. (Also
showing short term short strength) However, if there was truly short term short strength, the 1M Fake Double Top's 2nd Top price level should not be hit.
So, at the current moment, price is likely to range a bit. Perhaps a NFP consolidation.
But for the time being, I'll still be waiting for a 131.67 pullback for a short entry. Moreover, if the NFP release happens to be the catalyst for the pullback, I may give it a couple of days to see if I can get an even better short entry price.
Perhaps at 132.67 with the same risk parameters.
OK! That's it for the update!
Have a great day guys!
Ken
Disclaimer: This is not Personal Financial Advice.
EUR/JPY WILL IT MAKE THE RETRACEMENT?Monthly
The price is moving between supply and demand. The price is currently on the way to the supply area. We can definitely expect the price to reject the supply area.
Weekly
Price is currently over extended. When price is over extended we can expect a correction. We could definitely expect the price to reach a little higher before the correction to the down side.
Daily
The price is currently creation higher highs and higher lows. The price is definitely in an up trend. When the price switch to bearish structure we can start looking for entry's.
In general we have to wait for the change of environment to the down side in M,W and D to look for a short opportunity.
Also remember, to have better point of entry we have to look in lower time frames.
EURJPY Descending Channel Pattern#EURJPY Hello trader, I hope are good and safe. Today I opened the chart of #EURJPY for 15 MIN and analyzed it then I see that this chart has made a DESCENDING TRIANGLE PATTERN, So I hope #EURJPY will go downside,
Now Nice opportunity for short.
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Keep Supporting And Thank You..
EurJpy can drop to 127.50 zone supportSo far, the month of January was a month of consolidation and distribution for EurJpy, with the price moving between 130 and 131.50
Yesterday the pair has broken under important 130 support and we can expect continuation to the downside
At this moment A lower high is in place for this pair and I favor short trades towards 127.50 support
Sell rallies around 130 can be a good strategy
EURJPY Ascending Channel Pattern#EURJPY Hello trader, I hope are good and safe. Today I opened the chart of #EURJPY for 15 Min and analyzed it then I see that this chart has made a ASCENDING CHANNEL, So I hope #EURJPY will go downside,
Now Nice opportunity for short.
If you have any query then leave a COMMENT, LIKE and FOLLOW.
Keep Supporting And Thank You..
EURJPY analysis with 2 TPs 03/03/2021as we can see this instrument was up trending in an ascending Parallels channel and there are no majeure resistances on its way,
so we can speculate 2 TPs where we may have some Resistance so we can capitalize our positions there.
one of the most important confirmations are that the price has touched the Fibonacci projection 161.8% extension level and there is a convention that, once the price touches this level there are over 85% of chances that the price will continue its rally to 261.8% of the same Fibonacci projection, where it has confluences with our Price Action defined 1 TP.
EURJPYHello everyone, and welcome to my TradingView profile, my name is TRADiNG_Club_ and today I am going to analyze XAU/USD, a full technical analysis on different time frames using a translation of market information While doing so, let me give you a personal opinion about it. The next most likely market movement and helps you find and manage market opportunities.
My thoughts are for those who are interested in improving their financial education.
Thank you..
EURJPY | Use the Pull Back to get in.When it comes to EURJPY , a while ago, we've seen a strong impulse to the downside. And got rejected from a previous resistance area, which is now acting as support. Looks like we don't have any resistance till T1. I think T1 area is also a tad weak; so there is a good chance price might break T1 and move towards T2. So you should be cautious when price reaches T1. If price breaches T1 then you could keep the position till T2. If not, make sure to close the half of your position. If you are going long, please make sure to place stop below the previous support area. And only buy when you get a pull back.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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 is in strong resistance zoneAfter the 500 pips drop from 133 recent top, EurJpy has found strong support in 128 zone and has started to rebound.
This rebound can be over soon with the pair facing strong resistance above 130.
This resistance and sell zone extends to 131.50 and bears can look for opportunities to sell in search of a good R: R.
The target can be 128 support and 132 would negate this scenario
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 1D Analysis & Trading StrategyHello TradingView community and my subscribers, please if you like ideas do not forget to support it with your like and comment, thank you so much and we will start.
This is my opinion, I really hope this will be useful for you.
Be ready and take care your money. Have a great profit !
TELEGRAM : in description ( we will start on January 17, 2022 )
EurJpy can drop 500 pipsTwo days ago I said that EurJpy could correct some and reach 130 zone. However, the pair looks very weak and seems like a break of support is imminent.
Looking at a longer TF, we can see that the pair has formed a very large double top starting from April, and a break here would confirm the pattern.
I'm bearish this pair and I think that the 500 pips target from the double top will be reached in medium term.
Sell rallies can be a good strategy and EurJpy above 130 would negate this scenario
EurJpy can revisit 130 zoneSince 20 October, EurJpy fell hard, losing more than 500 pips.
However, since the beginning of December, the pair seems to have found support in 128 area (which acted as support in the past) and we can assist a corrective rally.
130 zone could be the target for such a correction and a new local low would negate this scenario