EURJPY / SHORT / WAITING FOR PRICE TO CONFIRM DIRECTIONI believe price is about to reverse off this level, we are just waiting for price action to confirm the change
Price is being rejected from this level but we wont enter until its confirmed
Eurjpyprediction
EURJPY bounced from support, potential for a further rise!
EURJPY bounced off 122.542 where it could potentially rise further to 123.345.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EUR/JPY Technical Analysis
The pair did a long accumulation in the form of an inverted head and shoulder pattern.
It finally broke out and has been consolidating in an ascending triangle (continuation) pattern since then.
Hence, we expect the pair to have a strong bull run when it breaks the resistance level of 122.5.
EURJPY reversed from resistance, potential drop!
EURJPY reversed off its resistance at 122.098 where it could potentially drop further to 121.041.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURJPY approaching resistance, look out for potential reversal!
EURJPY is approaching its resistance at 122.208 where it is could reverse down to its support at 121.203.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURJPY: current analysisEvening Traders,
a few potential scenarios on this particular pair:
1) potentially we are in a larger ascending channel structure highlighted with the dotted outer trend lines, if so I see price action going for another move up within structure, but it will be largely corrective and not the best trade-able move, if we do, ideally a high candle rejection with an immediate sell off at the top and a sell area as highlighted in the box, I will be waiting for price action to confirm the significant low at that point if we get there (the box is simply there for illustration purposes)
2) price action could potentially fall out the bottom and retrace all our gains from yesterdays trade, if so once again i will wait for the relevant low and set my order.
3) it could simply just push out of it current structure and then get itself caught in a range as illustrated and then push up.
but I will employ patience and wait for the markets to reveal its direction and i will update if necessary, this is simply my opinion if anyone has any other thoughts let me know. Thank you.
EURJPY - AS PREDICTED / DROPNow we are shorting this to 121.400, I am expecting price to retrace a bit off this level then we will look for another short entry
EURJPY - NICE SHORT INCOMINGPrice has reached a key level where it took a fall to support previously, waiting for price to show signs of rejection and to break the trendline before shorting to support
EURJPY / SELL / KEY LEVEL REACHEDPrice has reached a key level where it was rejected from previously, I am expecting price to close below this level and fall to the next level of support
Both have been marked on the chart - its clearer to see on the daily
EUR/JPY, next boost expected.EUR/JPY is showing us, it wants to continue in its bullish momentum. After breaking out a falling wedge, I am pretty sure, that uptrend is here to remain.
400 PIP DROP - SELLWe are currently waiting for price to break support and fall to the target area
Price attempted to break support twice already but was rejected as we can see on the chart.. Once price has broken support we are selling to the green area
EURJPY SHORT UPDATE!!** If you missed the 1st Entry you can enter it again. Check the previous Analysis in the Link
GOOD LUCK
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Disclaimer: Forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors.
EURJPY| Meeting The Emperor at 122.00 Checkmate Floor| 6thJuly20EURJPY has been seeing the downtrend over the years.
Like no other currencies, EURJPY has given the birth of an uptrend against the Japanese Yen.
Towards all other currencies, Yen seeing their currencies weaken all over the market traded.
This given the opportunity to other currency pair to strengthen.
2020 is the year where we all witness the weakness of the Yen.
As i watched the over the counter, the opportunity has been spotted this week.
I am very optimistic about the EURJPY and I am very sure the price will move to the 122.00.
Checkmate the price over the target. I am taking profit cycle by cycle.
Good luck.
If you would like to trade with me live trade and love seeing this post, dont forget to
subscribe to my coaching package.
Thank you.
Regards,
Zezu Zaza
2048
EURJPY potential bounce!
EURJPY expected to reverse up to 1st support at 120.582 where it could potentially react and bounce to its resistance at 1st resistance at 121.454.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EUR/JPY : Watch Breakout and BUYAfter Bullish engulfing candle can Buy or Wait for Breakdown and Wait for tiny correction bear flag to confirm SHORT Opportunity.
ThankYou
EUR/JPY Short-term Update: 120 pips profit target, SL/TPPrice Action Analysis in EUR/JPY shows that it is ready to drop to the next support level. It is a good time to look for sell trades because the risk is low and the chance of making a profitable sell trade is quite high now.
Sell Entry: 120.45-120.60, SL: 121.20, TP: 119.35
EURJPYEURJPY is hovering around a key area of support/resistance. Which we broke through and now is resistance, we might see a retest of the area which aligns with my ascending channel. Will be looking for a third tap of the top of the trend line for a short entry if it gets to that in a corrective manner. If it breaks the structure impulsively will be waiting to see if it is a possible retest of the ray line above and will be watching how it gets to that area.
EURJPY BUY/LONG ANALYSIS!!!Once We see a clear retest and close above the @120.464, we will go long. This is because yesterdays daily bull candle closed just below the resistance, meaning that it is not yet a support. but there is still a-lot of bullish pressure, with a fantastic risk to reward ratio.
EURJPY DAILY TIMEFRAME!!! (LONG)Once We see a clear retest and close above the @120.464, we will go long. This will confirm strong bullish move to the upside. However Bulls are still evident and active. The weekly, monthly and daily all show bullish reversals to the upside. Buying momentum is also off the charts, so lets go long. This trade also holds a fantastic risk/reward ratio.
Price has also retraced and supported above the daily 50% Fib.
EURJPY ShortsPrice At Mini Resistance
Looking For Shorts Alternatively Price Might Break To The Upside
EURJPY Possible Sell/ShortGOLD BOX POSSIBLE ENTRY FOR SELL
1. Restest area of broken support
2. At the 38.2 (right rejection/continuation area)
3. Price could possible wick up into the 50% retracement (LOOK FOR RECECTION FIRST)
4. High confluence area
5. Divergence possibly happening on 4HR
I'll personally be looking for reversal candles/ rejection on 4HR around the trend line (38.2 -50.0 rejection.
