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Eurjpysignal

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. ----------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------- 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.
Long
by INotFancy
EURJPY | Short Term Perspective for the new weekWe enjoyed a 150pips run in our last publication before the price began to find higher highs (see link below for reference purposes) which topped @ Y133.4ish during last week trading session. Even as the EURJPY appears Bullish on the long-term outlook, the break below Key level @ Y132.800 which also serves as the Neckline of the Double Top structure signals a risk of further decline (a decline which may be considered temporary and in anticipation of a future rally) into Bullish Trendline indicated on the Daily chart (see chart below) for the Euro in the coming week(s). In this regard, I shall be hoping to take a short term counter trend opportunity when the signal is duly confirmed! Tendency: Temporary Downtrend (Bearish) Structure: Breakdown | Supply & Demand | Reversal pattern (Double Top) Observation: i. Since the successful break above Y132.800 on the 14th of May 2021, the price found a niche and remain "supported" above this level in the past week. ii. The appearance of a Double Top which can be considered an extremely bearish technical reversal pattern forming after the price reached a peak @ Y133.400 two consecutive times with a moderate decline between the two highs signals a potential decline in price in the coming week. iii. The Breakdown of Bullish Trendline which also coincides with Breakdown of Neckline @ Y132.800 during the early hours on Friday appears to be a strong indication that supports a build in momentum for the Bears. iv. With a new Supply level identified on the chart at around Y132.7000/133.000; the retest of Key level (Neckline) @ Y132.800 shall be my yardstick for selling opportunity in the coming week(s). v. I suspect a Correction move of the Bullish run that was initiated on the 22nd of April 2021 (see Daily chart below) is about, to begin with, the aim of testing the Bullish Trendline (see Daily chart below) with high anticipation of a rally continuation in the nearest future... Trade consciously! Trading plan: SELL confirmation with a minimum potential profit of 150 pips. Risk/Reward : 1:6 Potential Duration: 4 to 10 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 foreign exchange trading, CFDs, 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
EUR/JPY Monthly Bearish Divergence Swing TradeFor all of my fellow swing traders. EUR/JPY has a bearish divergence on the monthly time frame with a lower high in price and a higher high on RSI. It also has a bearish divergence on the weekly time frame and the daily time frame. I'm not sure the exact time it will reverse but the next few weeks I would be looking for huge bearish reversal patterns for this pair and to enter after that. You don't want to enter prematurely so let's wait for confirmation!
Short
by TradingWithCody
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.
by ForexWiseWay
3
EURJPYAs I said last weeks...EJ will climb in the next few days or stay in this area ... Just like I told you at EG, EJ made 6 green candles on the 1 month chart, which has only happened twice in the last 15 years! for now I will be very reserved with this pair and I will look for massive SELL in the first part of May especially since W did! EVER in EJ's history he has never made 7 consecutive positive candles! THIS WEEK...If we make a parallel between the chart on a week and one month we can see as EJ Pattern Pattern formed since 2018! On both charts, it is perfectly closed a W so down the 500-700 pips is imminent! If we look into the left on the 1st chart we will see that EJ has formed a W in 2018 where a 1500-pips descended and even if it seems unreal I think at least 50% of this move will also do it. this date! Anyway ... I expect the climb to the area 133,100-133,400 and after a very powerful descent to area 125-127 NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
by BloomFX_SIGNALS
2
EURJPY: very profitable trade on 1hHi Traders, This is my view on this pair for the next few days. #EURJPY SELL 132.5 SL 132.75 TP 131.2 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Pietro from Trading Kitchen
Short
by kitchen_trading
EURJPYAs I said last weeks...EJ will climb in the next few days or stay in this area ... Just like I told you at EG, EJ made 6 green candles on the 1 month chart, which has only happened twice in the last 15 years! for now I will be very reserved with this pair and I will look for massive SELL in the first part of May especially since W did! EVER in EJ's history he has never made 7 consecutive positive candles! THIS WEEK...EJ has reached the Fibonacci 786 which coincides with the closing of W. I will wait for the rejection in the 132,600 area and then I will look for SELL for at least 300-350 pips! NOTE: Please, give a LIKE if you find this idea useful! GREAT ATTENTION: *This information is not a Financial Advice.
by BloomFX_SIGNALS
4