Eurjpylong
EURJPY for April Week 4EURJPY is in a tertiary trend that has failed. The outlook for the coming week is still bullish given that the daily chart bias remains bullish. In Plan A, I will be taking a buy if the price drops down to the ascending trendline (ATL) and I see a price consolidation. Plan B (dotted arrow) is also a buy if the price breaks the last bearish 4HR swing point (LSP) and then a break and test of the 1HR 50 EMA. Will be keeping the coming French election in mind.
EURJPY hourly long | algo TradingEURJPY hrly long
buystop @ 136.772
TP #1 @ 137.104 78% wr
TP #2 @ 137.475 49.33% wr
SL @ swing low 136.438 13.33% hr
⚠️ half risk due to lack of volume
WR and HR Determined from past trades on this pair, on this timeframe.
More trades like this on my profile and on Bifrost trades
EURJPY LONGS 📉📉📉📉 Expecting bullish price action on EJ as i think price will hit the weekly highs + buy side liquidity area ASAP. We have a huge bullish momentum with JPYBASKET melting intot the ALL TIME LOWS.
Retail Herd is trying to SHORT this pair wanting to catch the TOP.
What do you think ? Where we go next..
LONG IDEA - EURJPY LONG IDEA - EURJPY
Based off the Monthly Timeframe we have moved into the Buy Zone and now looking to Buy the market .
If the Analysis holds true we anticipate the market push Bullish towards our daily Target of 145.733.
The previous resistance could potentially become the new support round about 133.138 area .
We as see a strong support level between 127.892 - 128.433 which the market could Potentially come back to and rally towards our Target of 145.733.
TP 1 - 141.131
TP 2 - 145.733
SL - 121.425
🐂EUR/JPYEUR/JPY has been bullish for some time, giving positives on a previous setup we shared.
Price broke out of a resistance and moved higher impulsively, the analysis to this setup is linked below.
On the 1H chart, price has now presented a continuation pattern in the form of a flag.
We should look to long when price touches the supporting trendline for the third time and changes structure
Price has also formed an invers Head & Shoulders, so we should look to buy.
OANDA:EURJPY
EUR/JPY WILL GO BULLISH FROM 134.864 buy if a bullish candle crossed the 134.864 price level and make a profit at 135,900
because as you can see on the chart it can be a pretty solid resistance level plus it has the most traded volume so it will be smart to tp at that level or adjust your stop loss above the entry price if you are not sure either to take profit at that level or not
🐂EUR/JPY LONGEUR/JPY has been bullish for some time, giving positives on a previous setup we shared.
Price broke out of a resistance and moved higher impulsively, the analysis to this setup is linked below.
On the 1H chart, price has now presented a continuation pattern in the form of a flag.
We should look to long when price touches the supporting trendline for the third time and changes structure.
OANDA:EURJPY
EURJPY | IMPORTANT LEVELS AHEADEURJPY has been trading in a bullish parallel channel and current price is trading at important support level of channel. On shorter term, this is the sideways before the next move;
a) A bullish breakout from the recent high will calls for long position.
b) The sideways move will likely to be distribution and price will fall from here 134.800 level.
Trade your levels accordingly.