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Eurjpyidea

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 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 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