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Eurjpytrade

EURJPY ShortThis pair, which had a fast bearish momentum back in 22nd September, needed to fill the gap / neutralize the long wicks which were formed at that point. The price is now at a major support zone (the zone where the breakout initiated) and offered some resistance. I anticipate that the price might not break out of the pivot point as it acted as a zone where the big players need to activate the sell orders which were not initiated. My entry point is @142 and My stop loss @baspui1436 My target is at the next major market zone, @138.0 My Take Profit point are 141.0, 140.0, 139.0, and 138.0 My R:R IS 1: 4 Remember, risk only 1 - 2 % of your account.
Short
by Vapari_Inc
2
EURJPY ShortAccording to the higher timeframes (W,M), the price has been forming a rising channel / flag, which might be a major indication of a bearish momentum. Also, according to the market sentiment, 65% of the traders are net short and the percentage is decreasing each week, suggesting many are shifting to the long term position of the price. According to how I interpret this, then the price will have a bearish momentum, to move out of favour for the traders who are shifting to the bullish strategy. My long term strategy is 134.3, and the next series of analysis will be to come up with entry positions using smaller timeframes.
Short
by Vapari_Inc
1
EUR/JPY Long Trade UpdateHey Guys! The current weekly bias on the Eur/Jpy is short. Or in other words, price is likely to reach 124.38 before reaching 145.63. However, like I've been mentioning over the last couple months, the EurJpy has overarching long strength, thus I am waiting for the weekly bias to revert back to long so I can take a long entry. As of today, there is a possibility that the weekly bias may go back to long. In this post I explain the reasoning behind the long entry and the possible confirmation of the weekly bias reverting back to long for the long entry. That's it! I'll keep you guys updated! Ken Disclaimer: This is not Personal Financial Advice.
Long
by TradingForexPriceAction
1
EUR/JPY Long TradeHey Guys! The current weekly bias on the Eur/Jpy is short. Or in other words, price is likely to reach 124.38 before reaching 145.63. However, like I've been mentioning over the last couple months, the EurJpy has overarching long strength, thus I am waiting for the weekly bias to revert back to long so I can take a long entry. In this post I explain the reasoning behind the long entry as well as what I'll be looking for, for the long entry. That's it! I'll keep you guys updated! Ken
Long
by TradingForexPriceAction
3
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY - There is currently a DOWNSIDE BIAS for EURJPY. With JPY being STRONG, XXXJPY CURRENCIES are selling very fast right now. MARKET RISK is still being OFF. EVEN IF VIX UP, XXXJPY CURRENCIES BUY VERY FAST WITH JPY WEAKNESS. Maybe EURJPY can reach 138.651 LEVEL and it has gone down.. 138.65 is a very good SUPPORT LEVEL.. - Some NEWS coming for the USD will help to weaken or strengthen the EURO. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. For that, the support of EURO STOCKS and VIX must be received. - Anyway, the price can move to the area I mentioned and after that the EURJPY price can move back to the 147.692 LEVEL. For that, VIX should be DOWN and JPY should be WEAK.
by benny_marshall
EURJPY Looks Bearish Next Week (Short)Hello traders , after doing my technical analysis on EURJPY pair looks Bearish in my opinion . Here is Why : - Weekly Candle Closed As Inversed Hammer on a KEY RESISTANCE level - 4H time frame : We have a Head and shoulder reversal pattern on the key resistance and At the same time A DOUBLE TOP PATTERN on that level (as the head) further signification that the price might go down - We Have the neckline of the head and shoulders was Previously a Neckline of many Reversal patterns in the past if you look left and it has been broken many times before so more chances that it will break again this time and go bearish - And finnally we have a Bearish RSI Divergence wait for the neckline to be broken then enter on the retest this is just my idea , Not financial advice mfs good luck ;)
Short
by xAB777
1
Juicy short opportunity if EUR/JPY respects this resistanceOn the back of a very weak Japanese Yen(JPY), EUR/JPY has strongly rallied to the 142.20 resistance level. However, there could be a very strong pullback on the cards if EUR/JPY respects this resistance. As long as price doesn't break the resistance, sell entries would have very good potential in my opinion. I would be looking to sell EUR/JPY@143.80-144.20, SL placed moderately above resistance with targets at 142, 140.50 and 138 respectively.
Short
by YourLazyTrader
10
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY - EURJPY has a short-term UPSIDE BIAS at the moment. XXXJPY CURRENCIES BUYED VERY FAST WITH JPY WEAKNESS. Maybe it can reach 140.234 LEVEL. 142.295 is a very good resistance limit. - Some NEWS coming for the USD will help to weaken or strengthen the EURO. But if the RATE HIKE SENTIMENT is PRICED by the ECB, the EURO can be BUY more. - Anyway, the price can move to the area I mentioned and after that the EURJPY price can move back to the 132.975 LEVEL. For that VIX should be UP and JPY should be STRONG.
by benny_marshall