A continuation patternThe price broke through a diagonal retracement, now it has formed a falling wedge and broken it,i see a continuation of an uptrend
Eurjpylong
Bullish Opportunity on EURJPYBullish Opportunity on EURJPY - Inverted Hammer Pattern Indicates Potential Upside Move
Greetings, traders!
Today, I want to share an exciting trading opportunity on the EURJPY currency pair, which appears to be trading bullish on the 1-hour chart. After conducting a thorough analysis, I have identified a compelling bullish inverted hammer candlestick pattern, suggesting the continuation of the upward trend. Let's delve into the details of this trade plan.
Trade Plan:
Entry Point 1 (Market Execution): 155.878
Entry Point 2 (Market Execution): 155.874
Stop Loss (SL): 155.124
Take Profit 1 (TP1): 156.604
Take Profit 2 (TP2): 157.344
Reasoning:
Bullish Inverted Hammer Candlestick Pattern: The recent candlestick formation on the 1-hour chart has revealed a bullish inverted hammer pattern. This indicates a strong rejection of lower prices and potential buying interest in the market, validating the bullish sentiment.
Confirmed Bullish Trend: The presence of the bullish inverted hammer pattern further reinforces the bullish outlook on EURJPY. The pattern signifies a possible continuation of the existing uptrend, providing traders with an opportunity to capitalize on potential upward movement.
Trade Execution:
To take advantage of this bullish setup, I have executed a market order with two entry points. The first entry is at 155.878, and the second entry is at 155.874. This approach allows for a staggered entry strategy, which may result in a better average price and risk management.
Risk Management:
In order to protect our capital from potential adverse market movements, I have placed a stop loss (SL) at 155.124. This level represents the maximum acceptable loss for this trade setup, and it is essential to adhere to proper risk management principles.
Profit Targets:
For potential profit-taking, I have set two take profit levels. The first take profit (TP1) is at 156.604, aiming for a moderate resistance level. The second take profit (TP2) is set at 157.344, targeting a stronger resistance level. Traders are advised to consider adjusting their positions or securing profits at these levels.
Please be aware that trading involves risk, and it is vital to perform your own analysis and risk assessment before making any trading decisions. This post serves as educational content and should not be considered as financial advice.
Happy trading, and may the markets be in your favor!
Disclaimer: The information provided here is based on my analysis as a technical analyst and may not be accurate or suitable for everyone. Trading involves substantial risk, and you should only trade with capital you can afford to lose.
EURJPY BUYS Just waiting for the break of the previous high after the 4H close in order to look for buys
EURJPY Analysis H1Here is my analysis for EURJPY on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
EURJPY Analysis. Update!Hello Everyone. I want share my idea about EURJPY.
Last week I share my idea about this pair and also open my long position which is going well.
THE REASON WHY I OPEN LONG.
On high timeframe we (1D,1W) we have big bullish trend, i was waiting correction for find right spot for open long position, in this week i see price lost movement when it came at Fibonacci 50 % LVL, it stopped little time and at 1h timeframe we saw reversal movement, it broke trendline and last hour, Friday, market closed when candle came little bit strong down for retest.
my signal, for next week is still bullish, i would like to see retest at support zone at 155.3 see pullback from that area and brake resistance at 156.9.
Here is my 2 scene.
1 Bullish - price show us new low of uptrend at support, going strongly up and brake resistance and going to show us ne month high.
2 Bearish - Price downtrend is strong, support cant catch price movement, and its coming down strong.
EURJPY AnalysisHello Everyone. I want share my idea about EURJPY.
After pretty bullish trend now we see price correction.
Daily Fibonacci gave us good LVL for open long position with good 1:3 reward.
My price prediction will be long, but here we have one thing what we need to pay attention, JPY index which started strong reversal price movement after touch weekly support (I will link in the idea my last price prediction about that index)
Overall trend is bullish which is strong and in my opinion it will continue until it touch to 2008 high ( in this year was collapse of market )
Here is my 2 price prediction.
1 Bullish - price pull back from Fibonacci 50 LVL and continue moving up, with it we will see new good low of uptrend.
2 Bearish - price brake support which is at 154-152.8 same as Fibonacci levels then it will make retest and continue moving down.
BE PATIENT!!
EURJPY This pair has been very bullish buy Jpy is showing signs of strength but it could be a temporary pullback, I would prefer to take the long but if the pair breaks below the blue zone and makes a lower low close then I will look to go short
LONG - EURJPY (D) (28 May 2023)Position Trade - EURJPY
In longer term outlook, I am looking for BUY since price breaks historical high in the Monthly Chart
In the Monthly Chart,
- Strong up-trending candles are formed
In the Weekly Chart,
- If price exhausts before rallying up again, I am expecting to buy from the Weekly zone (CP)
For smaller risks, I am also looking for BUYS in the Daily chart.
- There are 2 Daily Demand zones to buy from.
However, if price breaks the price and goes higher again, then we will re-evaluate and find BUY zones once a new Demand zone is formed.
EURJPY BuyDo not think that the pair is overbought and it will now, look at Japan economy and their policy. Japan will strong but not now. They are doing great work but their currency is weak against the all pairs.
EURJPY: Despite the alarming inflation figures from Germany and.The EUR/JPY pair extended its losses for the second consecutive day, sliding to 157.40. Strong retail sales data from Japan contributed to the strengthening of the Japanese Yen. Despite hot inflation figures reported in Germany, with CPI rising to 6.4% (compared to the expected 6.3%), and in Spain, with CPI reaching 1.9% (compared to the expected 1.7%), the EUR/JPY pair still faced pressure. However, the increased interest rates in Germany limited the potential depreciation of the Euro.
EURJPY Analysis. Where it will end?Hello Everyone, I Want share my idea about EURJPY.
On that pair EUR is so Strong, its going up with little swing lows, but soon price will be at monthly resistance, which I think will be stop EUR Strong movement but also matter what Japan will do for stop their inflation. if we will look at JPYX we are at important LVL which is weekly support, but it's not strong.
for me EURJPY is in pretty strong uptrend which can easy brake monthly resistance and continue moving up. next week I think we will see brake 156.85 resistance and after retest it will give us long entry signal.
Here is me 2 scene of EURJPY.
Bullish scene 1 - Price will brake 4H resistance which is 156.850 retest it and will go to retest monthly resistance at 159.500.
Bearish scene 2 - price will pull back from 4H resistance and will brake 154.1 support, then will continue bearish trend.
BE PATIENT!!!!
EURJPY: New events!Asian stock markets could fall in Monday's trade as investors await to see if the recent sell-off in long-dated bonds will last and could ease pressure on the dong. Dollar.
The MSCI index of Asia-Pacific shares (excluding Japan), was down 0.02% at 562, but still near the January high of 574.52.
Japan's Nikkei (N225) fell 0.4% after hitting a six-month high on Friday, as Japan recorded a record economic contraction in the second quarter.
E-Mini futures for the S&P 500 were up 0.25%, well below a record-high close of 3,386.15.
US second-quarter earnings season will end with major retailers reporting this week, including Walmart Inc (N: WMT), Home Depot Inc (N: HD) and Kohls Corp (N: KSS).
Politics will be in the spotlight as the Democratic National Convention kicks off the 2020 presidential election season.
🚀 EURJPY | 15m Long 🚀Hello.
Be faster & Stay safe.
🛒 EURJPY - LONG 🛒
📈 15M TimeFrame 📈
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✅ Random Win Idea ✅
EURJPY LongOANDA:EURJPY
The upper side of triangle pattern is broken and after the pullback, I expect the price to grow to the target area.
The Samurai Draghi's Joust: A "Don't-Go-Broke" Thesis for GoingBehold, brave knights and fair dames of Tradingview, here's a daring foray into the cryptic labyrinth of forex markets. A quest as enticing as the Siren's song, but fear not, for this tale is not as perilous as those charted by unfortunate souls who dared short GameStop. Pull out your noble steeds (or, in this case, your trading platforms), and let's gallop into the thrilling landscape of the EURJPY.
Now, many of you might be wondering, "Why in Satoshi Nakamoto's name would we be trading the Euro against the Yen?" Well, my dear diamond hands, that's because we're staring at a potential Lambo party - the kind where you might just get to turn a crisp profit without squeezing shorts tighter than your gym shorts after the quarantine.
Macro-level Contextual Tapestries
Firstly, let's get this out there - Europe has been flexing its economic biceps recently. With significant green recovery plans and an infrastructure investment program that makes the Eiffel Tower look like a Lego project, the Eurozone is poised to rise like a phoenix (not the Fawkes type for Harry Potter fans, the growth type). The ECB has been playing the monetary policy game better than a seasoned Dungeons & Dragons master, maintaining an inflation target as finely balanced as a ballet dancer on a tightrope.
Meanwhile, over in the Land of the Rising Sun, Japan has been facing economic headwinds that'd make even a typhoon blanch. An aging demographic that's graying faster than George Clooney, coupled with a stubbornly stagnant inflation rate, has made the Bank of Japan's quest to stimulate growth as challenging as finding a Charizard in your first Pokémon pack.
The Fundamentals Don't Lie, Except When They Do (But Not Here)
The fundamentals are in our favor, too, more than a double cheeseburger at 2 a.m. after a long night out.
The Eurozone's inflation is starting to tick up, fueled by increased consumer spending, recovering tourism, and a global commodity price rally. These factors are likely to nudge the ECB towards a more hawkish stance, potentially leading to an interest rate hike. Higher interest rates? Stronger currency. That's Investing 101, right up there with "Don't buy high and sell low."
On the flip side, Japan’s CPI (excluding fresh food and energy) has been flatter than a pancake on Shrove Tuesday. This chronic deflation scenario has kept the BOJ’s hands tied, forcing them to keep their interest rates lower than a limbo stick at a beach party. With little sign of this changing, the Yen's about as likely to strengthen as a stick of butter in a hot frying pan.
A Meme Dream Team
To put it simply, we're looking at a potential "Stonks go up" situation here for EURJPY. If the Euro strengthens (courtesy of our friend Inflation making a long-awaited comeback tour) and the Yen weakens (thanks to Japan's ongoing economic Netflix drama), we might be on track to see the EURJPY go to the moon.
Of course, the forex market can be as unpredictable as a cat on catnip. So remember, while the macro and fundamental stars seem to be aligning in our favor, always do your own research, and never bet more than you can afford to lose. Keep those hands diamond-strong, and may the forex odds be ever in your favor!
(Disclaimer: This post is not financial advice. It's a whimsical, humor-filled take on the potential future of the EURJPY. Always do your due diligence before investing. The market can move in mysterious ways.)
EURJPYEJ presenting 2 lovely bullish engulfings on the daily and looking to want to complete the same on the weekly. We are simply going to enjoy the ride up
A BUY TO THE HIGHEST HIGH ON THE D1there was a BOS to the buy side since weeks ago to the buy side and now we trail it through h4 and m15
so now we see a clear bos on m15 and we ride the buy as we should to the high on D1
EURJPY bullish - longEURJPY looks bullish.
Price remains in the channel.
It has retested the lower boundary of the channel and confirmed it as a support once again.
We're expecting the price to rise from here and retest the upper boundary of the channel which is a final target for longs and entry for shorts.
Take profit: 151,319
stop loss: 147,038
Will EURJPY find support at previous swing low?EURJPY - 24h expiry
Selling pressure from 150.20 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Further upside is expected although we prefer to buy into dips close to the 148.65 level.
We look to Buy at 148.65 (stop at 148.25)
Our profit targets will be 149.65 and 149.85
Resistance: 151.40 / 152.95 / 155.20
Support: 148.40 / 146.05 / 144.20
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EJ BuysBeautiful Daily morning star pattern!
Simple retrace EJ has maintained its bullish trend
-ITUProfessor
EURJPY - What i think is this!Hi friends
EURJPY - what will i wait for EURJPY is on chart.
What I expect is a strengthening of the Euro against the Japanese Yen, and based on the current patterns in the 4-hour timeframe, I think it will be a good start to the week for the Euro.
Will EURJPY find buyers at market?EURJPY - 24h expiry
We are trading at oversold extremes.
This is positive for sentiment and the uptrend has potential to return.
The trend of higher lows is located at 146.13.
We prefer to consider the medium term trend and expect buying interest to support as prices move lower.
Further upside is expected although we prefer to buy into dips close to the 148.90 level.
We look to Buy at 148.90 (stop at 148.50)
Our profit targets will be 149.90 and 150.10
Resistance: 151.40 / 152.95 / 155.20
Support: 148.40 / 146.05 / 144.20
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EURJPY: The bulls!Predicting continuation of the uptrend
EUR/JPY is a forex quote that represents the exchange rate between the Euro and the Japanese Yen. Traders like to borrow the low-yielding Yen to fund carry trades and buy higher-yielding currencies like the Euro during times of optimism. However, during times of market stress, investors tend to avoid carry trades. EUR/JPY is affected by shifts in global economic performance and stability. The Eurozone debt crisis and the Bank of Japan's anti-deflation policy introduced in 2013 also contribute to the pair's volatility.
