EURJPY - Trade idea!EURJPY - Trade idea!
This post is purely based on technicals!
Pattern: Wedge/Triangle - A break to either direction.
Highs: 145.575
Lows: 144.030
If it breaks the highs expect your target areas to be 147 low areas & If it breaks the lows expect your target areas to be 143 areas (200 EMA).
Be careful of false break outs and we do have a busy day on the docket today!
ADP, Powell day 2, JOLTs!
Have a great day ahead!
Trade Journal
Eurjpytrade
EURJPY - Short active ✅Hello traders!
‼️ This is my perspective on EURJPY .
After a change of character here I look for shorts positions. Price almost filled that huge imbalance and could reject from here to continue the bearish price action.
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EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY
- Currently there is an UP SIDE BIAS for EURJPY. XXXJPY CURRENCIES BUY very fast in previous weeks with JPY WEAK after BOJ MEETING. Somehow it is being RECOVERED again. MARKET RISK is still ON. VIX is going DOWN, XXXJPY CURRENCIES SHOULD BE BUY FAST NOW.
- Some NEWS coming for the USD will help strengthen the EURO. Because the reason for that is because the NEWS related to USD is quite weak and USD has got a weak SENTIMENT. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more.
EURJPY can sell at 141.636 level before BUY. After that you can BUY at 147.15 LEVEL. If the MAIN STRUCTURES BREAK somehow, EURJPY price can definitely be BUY at 146.61 LEVELS.
NZDJPY Next Possible Move ?Pair : NZDJPY ( New Zealand Dollar / Japanese Yen )
Description :
Impulse Correction Impulse
Flag Pattern
Divergence
Bearish Channel as an Corrective Pattern in Short Time Frame and Long Time Frame
Completed the Break of Structure and Retracement
Completed the Corrective Wave " ABC "
EURJPY - Short active ✅Hello traders!
‼️ This is my perspective on EURJPY .
Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I expect bearish price action from here as price filled the imbalance and rejected from bearish order block + institutional big figure 144.000.
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EURJPY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURJPY - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on EURJPY .
Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I look price to continue the retracement to fulfill the imbalance and then to reject from bearish order block + institutional big figure 144.000.
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EURJPY.....SELL (538 Pips)After EJ rejected off the 142.67 psychological level at this weeks market opening, it retested from a range of price quote wayback from 28th December last year. I'm expecting a price reduction of 3.8% of its current price quote.
Also a complete breakout of the 140.30-139.95 price range will faciliate a clear breakout!
A possible rejection on 138.18 and 137.80.
NB: All eyes on BOJ decision on a new possible governor!!!
EURJPY - Exciting SELL opportunity with big potential! 🔻As shown on the charts by multi-timeframe analysis, from weekly down to daily and hourly, we can establish a clear bearish bias for EURJPY.
Noteworthy observations:
- the liquidity pool on weekly timeframe is very obvious and price will eventually go for it, so I keep that in mind.
- untested hammer head on daily timeframe is also very obvious and it usually acts as a magnet for price.
Depending on how aggressive you want to be with this trade if it works out, entry could be a price action confirmation signal near the buy zone or a sell limit order.
I will closely observe the price action near the first target and make a decision whether to close my trade there or adjust my stop loss to the second target.
If I have a strong bias that price is ready to make a run on the liquidity pool, I may re-enter the trade after exiting.
EURJPY short idea While I think that the Yen has topped, there is always the possibility of another massive leg up but at a much later time. So what I'm going to do is to long it on one of the weakest pair around, with the EUR getting weaker on many fronts after the recent big move. Seeing many wicks to liquidate early shorters and shake out the tree before the eventual move lower.
The red line is the stop loss, and I'm pretty sure that we could see some wicks there just in case, so consider placing a limit there if you think it is too early. The 2x Green lines are the TPs.
eurjpy sell setupas we see we r in a downtrend, so from now we r searching for selling opportunities.
so the best option, for now, is patience, waiting for the price hit the supply zone, and then sell.
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don't forget your risk management
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EURJPY SELLWelcome back guys, so Basically we are all set for the New week trading, and let’s always learn to trade Carefully and also patiently wait for confirmation before entry into any trade.
So we Would be looking To Sell EURJPY before we expect A massive Buy Confirmation So I would be Explaining this Analysis to you guys.
We are Expecting a Sell at Zone 141.282 that’s my 0.61 Fib Lvl totally we are expecting a 169 pips sell if It’s breaks Zone 140.471 then out tp Reversal Zone would be 139.597 That’s our Buy Zone Confirmation.
Sell EURJPY
SL: 141.547
TP:139.597
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Thumbs up icon and also drop a Comment on what you also think about this analysis Thanks Guys y’all are the best let’s get this money together.
Good luck.
EURJPY - Short active ✅Hello traders!
‼️ This is my perspective on EURJPY .
Here we are bearish from daily perspective, so I am looking for shorts. I expect bearish price action from here as price rejected from bearish orderblock + institutional big figure 142.000.
Like, comment and subscribe to be in touch with my content!
EURJPY - Bearish price action ✅Hello traders!
‼️ This is my perspectiev on EURJPY .
Here we are bearish from daily perspective, so I am looking for shorts. I expect continuation of bearish price action to take out sell stop liquidity below equal lows.
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#EURJPY- LONG EXPECTING CLEAN MOVE-Due to weaker DXY, JPY dominated the last few days, price have dropped significantly, however. expecting bullish pattern to occur on DXY and that will help JPY pairs to fill up the liquidity voided area.
-As it described on the chart that price may come down to 137.60 region to retest that area and then bounce from there, however, it may not come down to that region and just continue the bullish momentum from today's close.
-Long term view on EURJPY is bearish, in our opinion price have significantly shown bullish impulse and has taken price to an extreme and exhausted level, longer term it should come down to 130.
-What you all think?
Short In EURJPY
As we seen in EURJPY the market is forming rising wedge pattern which indicates that the market will come down and I have shown you in the chart that two lines which i have drawn in the chart that clearly indicates that the pattern which I have mentioned in RISING WEDGE.
We have to take trade in when the candle will break the below line and that should be of strong selling then we have to enter on the trade and then we have to put the Stop Loss at the 139.525 and we have to keep of the 137.782 and we have to mention the risk to reward ration of 5:1.
Thanks and best of luck for your trade.
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW
⚠️ EUR DATA OUTLOOK IN THIS WEEK
⛔️ ZEW ECONOMIC SENTIMENT DATA, a very important DATA for the EURO, is scheduled to be released on Tuesday. Also, GERMANY CPI DATA is scheduled to be released. Be careful about that DATA.
⛔️ EUR CPI DATA to be released on Wednesday. Depending on the nature of that DATA, it will definitely affect the EURO on Friday's speech by the ECB PRESIDENT. CPI DATA POSITIVE WILL IMPACT EURO VERY STRONGLY.
⛔️ The ECB PRESIDENT is scheduled to deliver two speeches on Thursday and Friday. Pay attention to it.
⛔️ Pay attention to what he says about EURO INFLATION and INTEREST RATES. You can get SHORT TERM ENTRIES. If those COMMENTS are POSITIVE, they will definitely affect the EURO in a POSITIVE way.
⛔️ Also keep an eye on GERMANY PPI DATA on Friday with CPI DATA and ECB PRESIDENT's speech likely.
⚠️ JPY DATA OUTLOOK IN THIS WEEK.
⛔️ PPI DATA is scheduled to be released on Monday. It will provide some support for the BOJ MEETING on Wednesday.
⛔️ Very important for JPY on Wednesday this week. The BOJ MONETARY POLICY STATEMENT is scheduled to be released. There you should pay attention to whether there is any mention of whether the BOJ is coming out of NEGATIVE INTEREST DATA.
⛔️ CORE CPI Y/Y DATA TO JPY TO BE RELEASED ON FRIDAY. If the BOJ OUTLOOK becomes POSITIVE and the DATA supports it, the JPY may go up slightly for that day.
🔰 Most likely, the PRICE can fall to the 135 LEVEL. After that, the PRICE can move up to 143 LEVEL. 🔰