EURJPYAgain ECB interest rates is the Reason for this Pair Bounce . Technically it has broken above the zone and we Must Look for Buys from the Zone if it comes down to test it .
Eurjpylongsetup
EURJPY possible sell zone!!EURJPY has created a head & shoulder on 4H
and has just broken to the downside.
As the monthly candle closes, it is highly likely that EURJPY will drop to the support level shown 127.78
Once Price hits Key Level- Likely Reversal for EURJPY BuyOnce Price reaches the key level it is likely to have a reversal based on previous resistance and trend continuation, for a long.
EURJPY | Use the Pull Back to get in.When it comes to EURJPY , a while ago, we've seen a strong impulse to the downside. And got rejected from a previous resistance area, which is now acting as support. Looks like we don't have any resistance till T1. I think T1 area is also a tad weak; so there is a good chance price might break T1 and move towards T2. So you should be cautious when price reaches T1. If price breaches T1 then you could keep the position till T2. If not, make sure to close the half of your position. If you are going long, please make sure to place stop below the previous support area. And only buy when you get a pull back.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
EURJPY - REVERSAL MADE
Yeah! its made a clear breakout of downward trendline on 4HR TMF.
Made a clear retracement on specific key level and that trendline too.
Formed clear reversal candle on 4HR TMF and DAY TMF.(HAMMER)
Best range of zone to enter to take RISK FOR BEST REWARD.( 1 : 4 RR)
The next zone of key level which is the right target for this swing breakout trade.
EURJPY H4 ANALYSIS BUYWe consider buying this EURJPY pair because of a strong support below. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
EURJPY Update Will be looking for long opportunities if EURJPY returns back down for a retest of the broken dynamic support level. Will be targeting 130.5+
EURJPY H1 ANALYSIS BUYWe expect to buy this pair EURJPY because of a strong bullish pressure existing in the market currently. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely.
Long Vision on EUR JPY for 19/07/2017Hello Dear Traders,
You find below my analysis for EUR/JPY, the currency pair is in the buy zone. I expect the price to rise. According to my set of rules, in the M30 frame EUR/JPY will rise to 130.2 as I am showing in my chart. Our Daily Goal is 130.4 .
Currently, EUR/JPY is moving towards the support level of 129.6 where there is some liquidity, from this value we are looking for short-term buying opportunities of EUR/JPY.
Good Luck and enjoy your Bullish Market for today.
Entry:@ 129.65
TP1: @129.95
TP2: @130.2
TP3: @130.4
SL: @129.3
As mentioned on previous posting, we oscillate daily with the market based on Human Behavior and Sentiment.
Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!
Monday: EURJPY - Week 26Hello Traders!
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
Thanks for the support!
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EURJPYAs I said last weeks...If we make a parallel between the chart on a week and one month we can see as EJ Pattern Pattern formed since 2018!
In the 1 week chart we observed that this is a very important area for EJ's near future ... if you see in the left circle, any closure even for 1 day over the green line means an imminent climb in the 137,300 area
However ... if the month of May closes below 134,050 then we can take into account a very strong retreat movement up to the 125,000 area and so on ... UP AGAIN!
anyway ... it looks like it will be the first time in 15 years when EJ ends 7 consecutive months on GREEN
THIS WEEK...as I was telling you last week, EJ rejected from the very strong resistance formed in the last 4-5 years and from the Fibonacci 786 area on the 1 month chart!
From here ... I will only look for SELL for at least 400-500 pips until the first close even for 1 day over 134,050
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GREAT ATTENTION:
*This information is not a Financial Advice.
EURJPY: Trade idea - It's go time! (Follow Up)Smashed TP1! Congrats to those that followed the trade.
Let me hear from you in the comments! Thank you!
Breakout Confirmation | Long Setup for Next WeekLooking to enter longs on a pullback retesting previously broken descending trendline in confluence to the 0.618 fib retracement and previous area of S&R.
EURJPY - Next Target at 128.500This is the result of the analysis I made on 12th February, 2021.
Price eventually broke out of the supply zone, retested and is going higher.
What do you think?
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EURJPYWe have just entered a long position on EURJPY. We are currently working off a 4hr and a 1day time frame. If the trade doesn't play out by the market closure later then we will look at manually closing out of this trade to prevent running any trades over the weekend.
EURJPY 4H BIG WINNER (BUY) 3RWe anticipate to buy hard on this pair because the price is approaching the lower trend channel line and the stochastic is bullish.
EJ Long opportunity Waiting for a break out of the range before taking this trade. Been sideways trending since December 2020 so hopefully looking for it to break through the current 23 line on the fib.
