Upside Potential to 129.5 for EURJPY and potentially extendedOANDA:EURJPY
The current price is on its medium support on an uptrend movement.
Upside potential is promising for EURJPY to the nearest level at 129,5 before extended and test the next resistance at 131.XXX
The risk will be down to 127.XXX
Disclaimer:
This information is for educational purposes and is not an investment recommendation or representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
Eurjpylong
EURJPY - Slight PullbackThis pair had a fantastic bull run without any major pullbacks, at some point the price will have to pull back significantly to shake some of the buyers out of the market.
I believe price will pullback from here into the lower timeframe order blocks to fill the liquidity zone void.
Sentiment suggests the market is selling EJ hard so we must be cautious.
EURJPY is facing bullish pressure, potential for further upsidePrice is facing bullish pressure from 1st support level which is a horizontal swing low support, in line with 61.8% fibonacci retracement and 50% fibonacci extension level. Price might bounce up from 1st support to the 1st resistance which coincides with the 78.6% fibonacci retracement. If prices fall through 1st support and the ascending trendline support, it might reach 2nd support level which is the next horizontal swing low resistance, in line with the 78.6% fibonacci extension.
EURJPY facing bullish pressure, potential for more upsidePrices are currently taking support on the 1st support which coincides with 50% Fibonacci extension as well as 61.8% Fibonacci retracement . Prices might bounce higher towards 1st resistance which coincides with swing high resistance and 61.8% Fibonacci extension level. If prices fall through first support, it is likely to reach the graphical swing low support which coincides with 78.6% Fibonacci extension . EMA also suggests that there is a bullish pressure on prices.
EURJPY facing bullish pressure, potential for more upsidePrices are currently taking support on the 1st support which coincides with 50% Fibonacci extension as well as 61.8% Fibonacci retracement. Prices might bounce higher towards 1st resistance which coincides with swing high resistance and 61.8% Fibonacci extension level. If prices fall through first support, it is likely to reach the graphical swing low support which coincides with 78.6% Fibonacci extension. EMA also suggests that there is a bullish pressure on prices.
eur jpy longThis pair is in an uptrend creating higher highs and higher lows.
We have shown rejections at a key fib level, rejecting 50ma and also respecting our trend line drawn on. The more confluences the better!
On lower time frames we were in a downtrend creating lower lows and lower highs. A double bottom has been formed, we have broken our counter trendline and we have created a higher high- breaking the short term downtrend
I will consider a long position if we get a pullback/correction and create a higher low.
What do you guys think? Let me know in the comments.
EURJPY - SWING - 02. MAR. 2021Welcome to our weekly trade setup ( EURJPY )!
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1 HOUR
Bullish reaction and closure above main sr level.
4 HOUR
Expecting another upside push.
DAILY
Overall bullish market in a pullback, good long entries!
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FOREX SWING
BUY EURJPY
ENTRY LEVEL @ 128.500
SL @ 127.640
TP @ 129.690
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EURJPY Quickie! 15M / 2.5Hey Hey Hey,
So this morning is not good for us, we've just lost 5.1 pips (I traded using pipettes, so it 51 for me).
But it's okay, I have found another opportunity for us in EURJPY !
Here's the setup!
Entry at: 128.418
Stop Loss at: 128.350
Take Profit at: 128.588
With this setup, we are risking 68 pips to be rewarded with 170 pips!
All the best, fellow traders!
EUR/JPY Might Be Reaching the 129.14 Mark 🚀🚀🚀💡 Trade Idea
📈 EUR/JPY | Buy Limit @ 128.26
🎯 Target Profit 129.14
🛑 Stop Loss 127.83
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price is ranging inside a bullish channel where it made a correction count to the bottom of this pattern. We have a confluence area between the daily support, the 61.8% Fibonacci retracement, and the trendline which might lead to a pump upward to the 129.14 level.
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EUR/JPY | Potential Upward Movement 🚀🚀🚀EUR/JPY | Potential Upward Movement 🚀 🔨
Technical Analysis:
Starting by the higher time frame the coin is posting higher highs and lows by smashing all the daily resistances. Recently, a correction count has been posted toward the new daily support. on the lower time frame the price is heading toward a strong confluence area between the 61.8% Fibonacci retracement, the trendline and the daily support at 128.26 level. This might lead to a move upward to the 129.14 mark.
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Trade Idea:
Buy Limit @ 128.26
Take Profit @ 129.14
Stop Loss @ 127.83
Trade Safely 🙂