Eurjpylong
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.
🐂EUR/JPY LONGEUR/JPY Has been a ranging market for the most part.
Price has been ranging since May 2021.
this range turned to be a bullish flag, and price was in an uptrend in the weekly.
This gives us strong reason to long this market.
We recently broke out of the daily trendline and should look for continuations to the upside.
I expect price to retrace and respect previous resistance and let it become support, this is where we should look to long with our targets market in green.
OANDA:EURJPY
Next Week, Watching EURJPY going MOONHi,
Since last week I've made good points on US/CAD/OIL Market. I will be looking on a different zone.
I've study EXY and JPX , The past days, and the trend of the EURJPY makes sense imho.
I will enter a tiny position to get my FOMO out.
and will be updating on re entries during the week if I aint wrong.
This is not a entry advice or a trade advice but just a nice pair to watch next week.
If you have any other or same opinion lets share it !
Good luck at the opening ,
Carlos