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Eurjpyshort

EUR/JPY minor short(4/9/2024)Today, the EUR/JPY price rose in the early morning, and right now the price made a good rejection from the 165.1 zone. this rejection could lead to further downward movement after a short retracement. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Short
by fortunamarkets
EURJPY - Mar. 6th, 2024BUY/LONG ZONE (GREEN): 161.550 - 166.700 DO NOT TRADE/DNT ZONE (WHITE): 159.750 - 161.550 SELL/SHORT ZONE (RED): 155.710 - 159.750 Monthly: Bullish Weekly: Bullish Daily: Bullish 4H: Bullish Previous bearish trend has been labeled along with the DNT area and the initial bullish zone that price broke into to flip the trend. Currently price is onto the next bullish zone and structure is holding well in step up patterns. Price has already tested 163.450 twice on the daily, looking for 4h structure to develop back as bullish and test a third time, or for price to pullback down to the 161.900 level at the top of the zone. It would be more risky if price pulls back to 161.900 level as this would be the second test (daily timeframe) after the 4h price had confirmed it as bullish. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
Long
by TonyAiello
1
EURJPY to find resistance at the current market level?EURJPY - 24h expiry We are trading at overbought extremes. Our short term bias remains negative. This is negative for sentiment and the downtrend has potential to return. We look to sell rallies. Weekly pivot is at 163.55. We look to Sell at 163.55 (stop at 164.05) Our profit targets will be 162.65 and 162.45 Resistance: 164.30 / 167.35 / 168.95 Support: 161.90 / 160.00 / 158.70 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
EURJPY 515 PIPS SHORT TRADE READ DISCRIPTION 1. **Bearish Setup and Reversal**: EUR/JPY is showing signs of a bearish setup and potential reversal. A fresh supply zone has been identified between 162.957 and 163.457, where investors, institutions, big players, and hedge funds are anticipated to initiate short trades in bulk. This zone serves as a significant area of resistance, suggesting a potential reversal in the pair's price movement. 2. **COT Data Analysis**: The Commitments of Traders (COT) data indicates a substantial bearish sentiment, with 443,000 short positions and only 180,000 long positions. This data suggests a significant imbalance in favor of short positions, reinforcing the potential for downward pressure on EUR/JPY. 3. **Trader Sentiments**: Trader sentiments show a strong bias towards shorts, with 78% of traders holding short positions and only 22% holding long positions. This sentiment aligns with the bearish outlook indicated by the COT data. 4. **Fundamental Analysis**: The fundamental analysis suggests that the Japanese yen is weakening after the Bank of Japan (BOJ) adopted a dovish tone, signaling expectations for further weakness. This news is likely to impact EUR/JPY negatively, supporting a bearish bias. 5. **Technical Analysis Indicators**: All trading indicators are signaling a strong sell sentiment, further supporting the bearish outlook for EUR/JPY. 6. **Trade Parameters**: - Risk-to-Reward Ratio: The risk-to-reward ratio for this trade setup is 24.73, indicating a potentially favorable risk-reward profile. - Take Profit Levels (TPs): Three take profit levels have been identified and marked with yellow horizontal lines. These levels provide traders with opportunities to scale out of their positions as the price moves in the desired direction. - Profit Target: The overall profit target for this trade is set at 515 pips, representing a significant potential profit. In conclusion, the technical, fundamental, and sentiment analysis collectively suggest a strong bearish outlook for EUR/JPY. The identified supply zone, coupled with the overwhelmingly bearish sentiment and supportive fundamental factors, presents a compelling opportunity for short trades. Traders should closely monitor the trade, adjusting their positions based on market dynamics and adhering to risk management principles.
Short
by MOAZAM1133
2
EURJPY ShortMARKET PHASE OANDA:EURJPY is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour). AREA OF VALUE Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders needed to take price down. Price has started it's initial move down but due to the velocity of the downward move, it's gapped some orders around 162.374. Price is likely to retrace to this level before continuing downwards. TRADE I will be entering short on OANDA:EURJPY with the following parameters: Sell Limit: 162.374 Stop Loss: 162.589 Take Profit: 161.943
Short
by Mankz
4
EUR / JPY !! SELL NOW resistance zone ⭐️ Smart investment, Strong finance ⭐️ EUR/ JPY INFORMATION: The price touched the long-term resistance zone H4, overbought. There is no important economic news on EURJPY, setting up a SELL signal ⭐️ SET UP EUR/ JPY PRICE: 🔥SELL zone: 163.450 - 163.600 SL 164.000 TP1: 163.100 TP2: 162.800 TP3: 162.500 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Short
by Nova-Scalper
3
EURJPY H1 / EXPECTING A SHORT MOVE AFTER FVG RETRACEMENT ✅Hello Traders! This is my forecast for EURJPY H1. I see a perfect structure for a short trade as the price closed fully one FVG and I expect it to close part of the second FVG after going bearish. Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Short
by GoodTradeST
EURJPY to find resistance at market price?EURJPY - 24h expiry Short term bias has turned negative. The 200 day moving average should provide resistance at 161.35. This is negative for sentiment and the downtrend has potential to return. We look to sell rallies. Further downside is expected although we prefer to sell into rallies close to the 161.65 level. We look to Sell at 161.80 (stop at 162.30) Our profit targets will be 160.60 and 160.30 Resistance: 161.90 / 164.30 / 167.35 Support: 160.00 / 158.70 / 15.40 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
EURJPY DIRECTIONS IN BUYEUR/JPY edges higher to 161.40 during the Asian trading hours on Tuesday, halting its five-day losing streak. The Japanese Yen (JPY) encounters downward pressure following remarks made by Japan's Finance Minister Shunichi Suzuki, who suggested that now is not the appropriate time for the Bank of Japan (BoJ) to tighten monetary policy. This dynamic provides support for the EUR/JPY cross. Furthermore, Bank of Japan (BoJ) Governor Kazuo Ueda stated in his parliamentary speech on Tuesday, "When the achievement of a 2% inflation target is within reach in a stable and sustainable manner, we will consider exiting from negative interest rates. If inflation accelerates and necessitates monetary tightening, we may raise interest rates without reducing the BoJ's bond holdings."
Short
by Senorita71
EURJPY Break down Trenline begin DownTrendEURJPY cuts down the uptrend line. At the same time, the price broke through the resistance zone at 161.89. Currently, the price is recovering to backtest the resistance zone. At this point we can consider entering 2 orders #1 SELL SL: 163,047 TP: 158,414 about the 50% zone of Fibonaci #2 SELL Stoploss: 163,047 Takeprofit: 155,490 about 76% of Fibonaci #3 Follow the order if the price reaches 1/2 TP, close 1/2 and move the SL. Good Luck to You!
Short
by KDFund
2
EURJPY to form a lower high?EURJPY - Intraday Buying pressure from 161.68 resulted in prices rejecting the dip. The current move higher is expected to continue. Short term bias has turned negative. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Although the anticipated move lower is corrective, it does offer ample risk/reward today. We look to Sell at 162.95 (stop at 163.35) Our profit targets will be 161.95 and 161.75 Resistance: 164.30 / 167.35 / 168.95 Support: 161.90 / 160.00 / 158.70 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA