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Eurjpysignal

EURJPY | Perspective for the new week | Follow-up detailsWith over 400pips in the kitty from our last speculation on this pair (see link below for reference purposes); It appears that the correction of the Impulse leg has begun following the Breakdown of JY132.800 and JY132.300 level respectively. As the Euro runs out of steam against a potentially strong Yen from a short term perspective, the current position in the market is laced with some warning signals that proposes a near-term short position in the coming week(s). Tendency: Downtrend (Bearish) Structure: Supply & Demand | Trendline | Reversal pattern (Head & Shoulder) Observation: i. Since mid-September 2021, the Euro recorded a 4.34% growth over the Yen to set the tone for a Bullish momentum in the long term. ii. And since hitting a peak @ JY133.500 during last week trading session, we witnessed a downward spiral that evolved into a Head & Shoulder look-a-like with an emphatic signal for a reversal. iii. Head & Shoulder: The appearance of a baseline with three peaks, where the outside two are close in height and the middle is highest reveal the possibility of the risk of a further decline in price in the coming week which could also be a correction of the Bullish momentum that began in September 2021. iv. With the recent Breakdown of the JY132.200 (a level that held price "supported" in the last 7 days) on Friday sets the pace for the Bears as confirmation of the Head & Shoulder pattern appears to be sealed! v. The early hours/days of the new week might see a price climb to test the Neckline of Reversal pattern @ JY132.300 or climb as far as JY132.800 which is within the New Supply niche identified on the chart to incite further decline. vi. Coupled with the Key level, the Bearish Trendline should serve as a yardstick to mitigate against taking an unnecessary short position in the coming week(s). vi. Please note that the Bearish narrative is believed to be a short term perspective aiming at a rejection of Neckline of the Double Bottom sighted on the Daily/Weekly time frame (see link below for previous publication in the link below for reference purposes) for a Bullish continuation hence it is appropriate that we stay on alert for unsuspecting Bullish incitation considering the facts that this is a long-term Bullish expectation ... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 180 pips. Risk/Reward : 1:5 Potential Duration: 2 to 5days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
EURJPY , Its time to sell Hello everybody In this chart , we have zone that support price to go up and now this zone changed to resistance and pullback to it and now its time to sell Another reason for take this sell position is the key ( Key : its the zone that can change the trend ) We are only positioning that follow the trend , the trend is downward and now we are only selling because of the trend change and have pullback , its time to sell Dont forget stop loss and save profit and risk free your position Good Luck Abtin
Short
by Abtin00
⚡️EURJPY - BUY - 1 OCT⚡️Hello Traders!! I have analyzed EURJPY and this is my opinion -My technical analysis indicates a possible bullish setup -The risk to reward on this trade is 1:2 -It is closely related with GJ which is currently bullish ⚡️Exercise Good risk management⚡️ ⚡️ Split your position so you can partials as the move progresses⚡️ ⚡️Updates will be added on this post, stay tuned⚡️ Slick✨ Let me know what you think in the comment section
Long
by Slickpapi
EURJPY sell with OBHello Traders Welcome back to another profit day If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. EURJPY with OB view Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not a Financial Advice. Please support this idea with a like, if you find it useful have a good profit week guy
Short
by Bexi03
EURJPY Dual-Direction AnalysisWait for confirmation on level 129.500 for buy/sell Overall Reasoning: - Level 129.500 has shown good reactions in the past (Scroll back to see) Sell Reasoning - Trend line was broken with a strong bullish push causing a S&D imbalance which is expected to be filled and retest trendline - Overall trend is still bearish (Unless price rejects level 129.500 and moves higher) - Wait for a break and retest of 129.500 level to sell. Buy Reasoning: - Price formed a long-term double bottom on level 128.000 - Broke previous lover high (Red), waiting on a retest. - If price retest level 129.500 with bullish confirmation, look to go long. (Aggressive) - Wait for a considerable retracement between 129.000-129.5000
by NoahXBorg
EURJPY | Perspective for the new week | Follow-up detailsIt's been 3 weeks since my last publication on this pair and my bias remains bullish (see link below for reference purposes). Rejection of Y130.500 a couple of times at the beginning of the month (September 2021) resulted in a further decline which tested the Y128.000 zone to form a double bottom structure with hopes of Neckline Breakout in the coming week(s). Even though the currency pair was under the control of the sellers in the past two weeks, the rejection of Y128.000 for the second time in the space of 30days is a reflection that the Demand is strong at this juncture in the market. Tendency: Uptrend (Bullish) Structure: Breakout | Supply & Demand | Reversal pattern (Double Bottom & Trendline retest) Observation: i. Bearish Trendline: A visual representation of a line drawn over pivot highs revealed the prevailing direction and speed of price in the last two months. ii. With selling pressure respecting the Bearish Trendline since June 2021, the sudden Breakout of Trendline on Thursday (25th of August 2021) appears to have incited the idea that sellers are gradually losing their momentum hereby giving room for buyers to take their stance. iii. Following the rejection of Y130.500; we witness a confluence at Y128.000 (a psychological level) which is characterized by the retest of Bearish Trendline and Demand zone to evolve into a Double Bottom pattern. iv. The appearance of a Double Bottom (an extremely bullish technical reversal pattern) at this juncture in the market is a positive sign to go LONG should continue to remain above the Demand zone (Y128.000). v. Double Bottom: is a technical charting pattern that emphasizes s a change in trend and a momentum reversal from prior leading price action. vi. Y128.000 level can be identified on the chart as a significant level that has held price strongly "supported" ( Demand zone ) since March 2021 hereby giving me a conviction that another bullish momentum is right at the corner with confirmation at Breakout/Retest of Neckline @ Y130.500. vii. In this regard, I have identified a Key level @ Y129.000 to be a yardstick for opportunities in the coming week(s) as anywhere below this level negates the narratives. viii. For those with an extremely cautious approach to trading, a Breakout/Retest of Neckline @ Y130.500 should be the most appropriate confirmation to join the potential rally... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 350 pips. Risk/Reward : 1:5 Potential Duration: 12 to 20 days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry