EURJPY AnalysisHeya! all here is my bias for EJ, as I shared before (already link the my idea down there) now I'm looking for longs.
Eurjpylongsetup
EJ Analysis 29/09/2020 -- UpdateWe noticed that on the 1m timeframe price broke resistance that was being held even on such a small timeframe, as it was a new timeframe to trade off of, we used half risk when we executed the buys, with our stops below the 30m breakout candle, we secured 12 pips as price tapped into resistance before stopping us out at BE.
EURJPY Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of EURCAD (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 40 - 30 Sept
M > Price is moving in a triangle. Price has completed W formation by dropping to test the neck.
W > We can see M formation and expect price to move up to test the neck of M as our first target. We can also see W formation, its neck will be our second target.
D > After dropping to test the neck price was consolidating for past 4 days with a false break to the downside.
As per COT EUR saw addition of more Long than Short, increasing net positions whereas EUR was weak for the said week. EXY was very weak last week and it is testing support level now. JPY had addition of more Long than Short, same was with N-R and Commercials also saw addition of Long and Short, this made JXY strong for the said week. Whereas JXY lost its ground last week. JXY is testing support now.
4H > Price broke consolidation to the upside and is moving towards our first target.
Pair Correlation > EURJPY has positive correlation with CHFJPY, CADJPY, GBPJPY and AUDJPY and negative correlation with USDCHF and USDCAD.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions.
Thank You
AP17FX
EUR/JPY BUY SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
EUR/JPY: Daytrade-preparation
Market-Buy : 125,650
Stop-Loss: 125,300
Target 1: 125,950
Target 2: 126,210
Target 3: 126,465
Stop-Loss: 35 pips
Risk: 0,5 % - 1%
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EURJPY LongPrice has retested the major trendline + Recent Support.
I'll be going long on the close above the 8 EMA
EURJPY on Key SupportEURJPY broke out of Key support last week at 124.4 and I mentioned that we should wait for a retracement back to the key support and the pair have done just done and might be ready to skyrocket, Ofcourse nothing is for sure in the currency exchange market so a close below 124.2 will negate this setup and
EURJPY - Long breakout SetupOANDA:EURJPY looks like coming out of a downtrend.
Can go long with a small risk here.
EURJPY: Forecast For Current Week. UPTREND!Price traded inside the blue channel.
Atm looks like forming a flag / wedge as at the previous wave.
Possible entry zone is 117.20 - 117.50 ,
when the flag will formed.
The target zone is near 119.00 - 119.50
The trading plan will canceled, if the red support line is broken.
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This is not the financial advice.
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EURJPY long soonGood long setup for #EURJPY for the next 3 days.
The bearish trendline was broken by a strong impulse on 30 of April.
So we have to wait for the retest but it will probably begin to bull before.
115.8 it's the level from which it bounced before and could be a good point to enter.
A Fibo cluster is on the way with a bullish trendline as well.
First Entry 115.800
Second Entry 115.5
SL 115.34
TP 116.67
EURJPY LONGlooking to see EURJPY give up this next leg one structure before pushing to the downside.
EURJPY LONG-EURJPY price has arrived to a daily support/resistance level.
-If we look the first chart (H4 chart) we can see the RSI is at oversold zone (26%)
-With this RSI level I think the price don't break this support level and it will bounce soon
-On the second chart (daily) I marked the next strong daily support/resistance zone where the price can bounce
Buy signal on supportPin bar on support
Bullish engulfing on support
Pin bar pinning bottom bollinger
Buying at market price 118.007 with
# SL below the engulfing bar @ 117.486 and
# TP at next resistance @ 119.001
Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only.
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EURJPY ~500 PIP BUYLong term directional bias is bearish. On the daily, price rejected the CTL. Price retraced to the 78.6% level. Long term I anticipate price to push to 129.884, -.27 D extension. Before this happens there are key levels of resistance that must be broken through. Placing buy limit at 121.116. Resistance level at 122.20. Placing buy limit at 121.116. Currently at the 50% monthly retracement level. If I get bullish confirmation, I will ride the trade to 125.508. Currently at the 50% monthly retracement level.
EURJPY long intraday/swing trade setupEURJPY long intraday/swing trade setup. Wait for teh pullback to the .5 fib zone for entry long. TP and SL as shown on the chart.
EURJPY complete a Bullish Cypher PatternEURJPY complete a Bullish Cypher Pattern
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