EURJPY Retrace Triangle After BreakoutTechnical analysis shows major and minor trend are bullish. But bearish RSI divergence raises scope for some weakness.
Eurjpytrade
EURJPY Next Possible Move#EURJPY ( Euro / Japanese Yen )
- BULLISH CHANNEL in Long Time Frame #LTF
- Breakout of Lower Trend Line #LTL and Retracement at Fibonacci Level - 78.60
- Expanding Diagonal as Corrective Pattern in Short Time Frame #STF
- Impulse Correction Impulse - Completed " ABC " Corrective Wave
EURJPY Re-Tracement Triangle EUR/JPY holds marginal gains above 21-EMA, bias bullish
scope for upside continuation.
EURJPY,EURGBP and EURCAD 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.
EUR/JPY Long SetupHey Guys!
The current weekly bias on the eur/jpy pair, (though yet to be fully confirmed) is long. Or in other words, price is likely to reach 148.44 before reaching 124.41.
In this post, I explain the reasoning for the long bias, as well as what I'll be looking for in terms of full confirmation of the weekly long bias.
That''s it! I'll keep you guys updated!
Ken
Disclaimer: This is not Personal Financial Advice.
EURJPY still on the uptrend despite the big red candle The Trendline is still holding for the EURJPY since the price broke out of a Cup and Handle formation.
The update seems to be still on track, with a minor concern of the price breaking under the brim level again.
Still bullish for now
EURJPY Cup & HandleEUR/JPY trades with a bullish technical bias. The pair is on track to test major trendline resistance at 149 mark. Weakness only below 21-EMA.
EURJPY heading up thanks to a cup Cup and Handle formed on the EURJPY and we got out breakout signal.
Target 157.94 YEN
Moving averages are looking good except the 200MA
EURJPY - Sell-off started ✅Hello traders!
‼️ This is my analysis on EURJPY .
Here we can see that price broke the market structure, so I am looking for shorts now. I expect to continue bearish price action as price mitigated bearish orderblock and rejected.
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EURJPY ShortHello guys.
In my previous analysis, I have suggested that the price might move in a bearish momentum because the price seems to not break the upper trend line of the rising channel. As we can see here, the price is trying to fill the bearish imbalance created on Friday. It might retest the resistance zone again, maybe to liquidate sellers who had stop losses on that zone.
My entry is at 146.2, and I have used the pullback strategy to place my entry position. My stop loss is at 147.6, a place which is 1% of my account and also it is above the trend line/ resistance zone.
My TP1 is at 144.8, Tp 2 at 143.4 and Tp 3 at 142.0. I have placed my targets according to my R:R.
I am targeting a R:R of 1:3 in this scenario.
Kindly, I advice that incase our trade is activated and the price hits the first Tp, secure your trades by moving the stop loss above the entry zone.
Risk only 1-2% of your account.
EURJPY ShortHello guys.
This price has been forming a rising channel/flag, which might be a strong indication that there might be a strong bearish momentum (1D).The price has retested the upper trend line, and if it fails to break it, then a bearish momentum is inevitable.
Foe my long term strategy, I anticipate that the price will be bearish. For the upcoming analysis of the price, I will discuss in-depth on how I will enter my trade, my targets and stop loss using a shorter time frame.
Remember, only risk 1-2% of your account.
EURJPY LongList of confluences:
1: Falling Wedge Breakout
2: Trendline Breakout
3: Key Level Breakout and Change in Market Structure
When looking at the larger time frames, we can see that EURJPY remains in a uptrend. We have also seen the market pull back which signalled a chance to
enter in the direction of the bigger picture trend. We have listed 3 reasons as to why we will be looking to Buy/Long the pair. We are expecting a potential
return of between 12.12 % to 24.24% at 1 - 2 % risk per trade.
EURJPY - Retracement to bullish orderblock ✅Hello traders!
⁉️This is my analysis on EURJPY .
Here we are in a bullish market structure, so I am looking only for longs. I expect price to make a retracement after rejecting from institutional big figure 147.000. I am looking for a long position from bullish orderblock 142.000 or 139.500.
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EUR/JPY Long Trade UpdateHey Guys!
The weekly bias on the Eur/Jpy for the last 3 weaks was long. Or in other words, price is likely to reach 145.63 before reaching 124.38.
However the bias's main target was hit this week, so the weekly bias is back to neutral.
In this post I explain the reasoning behind the long bias, as well as why I did not take the long entry.
That's it! I'll keep you guys updated!
Ken
Disclaimer: This is not Personal Financial Advice.
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 Will Go Up!EUR-JPY broke a falling
Resistance lines which make me think
That after the pullback and retest
The price will go up
Looking To SELL EURJPY Above 145 On This Siganl.....We are now approaching a big Monthly SUPPLY/SELL which starts around 145 which we have more or less touched twice so expecting an impulse rallly up through this level towards the 146 level which is actaully a nice Weekly SUPPLY/SELL zone inside the Monthly so is a nice area to get in to a short on a R/R basis.
I will be waiting for a break of 145 and then for my Trend Reversal King indicator to give a SELL signal on timeframes above the 4hr stop loss will be well above the Weekly SUPPLY/SELL zone marked on the chart.
Target for this position will the DEMAND/BUY zone that starts around 136 and lower.
Again will only enter this position if the signal occurs
EURJPY R:R 1:6 Try to catch 600 PipsThis is for short term
And this is risky too.
Please DYOR before entering the trade.
EURJPY Technical Analysis and Trade IdeaTaking a look at the EURJPY currency pair. In the video we discuss key levels of support and resistance, the trend, price gaps and a possible trade opportunity. As always everything explained in detail in the video, not financial advice.
EURJPY Next Possible MoveTechnical Analysis Chart Update
EUR / JPY ( Euro / Japanese Yen )
Time Frame - H4
BULLISH CHANNEL in Short Time Frame #STF
Symmetrical Triangle in Long Time Frame #LTF and Rejecting from the Lower Trend Line #LTL
It is Following Corrective waves " ABC "
It can Follow Some Bullish moves till its Demand Zone at Fibonacci Level - 61.80%
EURJPY: Can bulls maintain?EURJPY
Intraday - We look to Buy at 142.40 (stop at 141.70)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 144.40 and 147.25
Resistance: 144.30 / 147.25 / 151.00
Support: 141.70 / 138.85 / 135.95
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EURJPY Will it fall?This is for short term
Always place yor order where you place stoploss.
Wait for manipulation at the Equal High and Low Areas.
Please DYOR before entering the trade.
