EURJPY Idea / Long OpportunityPrice isn't ready to drop just yet IMO.. key resistance is at 137.100 so until then... BUY THE DIPS
Looking for any reversal signals to go long on this pair.. If price continues to drop then I am waiting for a bounce off of the trendline to continue the bullish move to the top
Eurjpyprediction
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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*This information is not a Financial Advice.
Friday: EURJPY - Week 21Hello everyone! I'm hoping to reach lots of people here on tradingview and create a community where we all share and help each other in becoming better traders, so please, comment and share your ideas and thoughts in regards to my posts! :)
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.
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Tuesday: EURJPY - Week 21Hello everyone! I'm hoping to reach lots of people here on tradingview and create a community where we all share and help each other in becoming better traders, so please, comment and share your ideas and thoughts in regards to my posts! :)
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.
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SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
EURJPY may be correcting lower soon. 16.5.2021I posted an EURJPY uptrend idea before.
After reviewing the price action for the last few days, it seems like an ending diagonal is forming at around 132.8-133.2 area. If this is the case, EURJPY may enter wave (4)-yellow corrective wave, which can bring price down to 128.50.
I prefer to see an impulsive drop before entering short so lets wait and see. A break of wave (3)-yellow trend line would be indicative for the drop has begin.
After all, the uptrend is intact even after this possible correction.
Chance of a correction lower in EUR/JPYEUR/JPY can correct lower in the next couple of days after this recent rally.
Price action is slightly tilted to the bearish side now with two consecutive 4 hour candles
turning bearish.
A sell entry@ 132.60-132.85 with SL above 133.20 and TP at 131.70 could be a potential
short set-up.
EURJPY top-down analysisHi Guys, let’s make a full top-down analysis of this pair, we will take the trade if all the condition of the strategies are satisfied. Press like button to support this video and let me know in the comment section if you have any questions
Risk 1%
please do your own analysis before taking this trade.
forex | eurjpy multi timeframe analysis - long opportunityforex | eurjpy multi-timeframe analysis - long opportunity
following support and resistance strategy on the monthly and weekly chart and I expect the price will continue moving up to reach the historical resistance.
but I'm afraid of the over-bought of the RSI indicator. so I think the price will make a correction to backtest 61.8% Fibonacci and continue going up.
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