EURJPY Analysis (Bearish Case)We have seen some JPY strength this week! The same scenario can be seen on EURJPY. Any price close below 130.10 will be an indication of more bearish moves on this pair!
Eurjpytrade
EUR/JPY : SWING PRICE ACTION - PRICE IS GROWING ! LONG SETUP ⚡️Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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EURJPY: Two Trading OptionsThis is an illustration of the two potential trading scenarios that may present themselves in this region.
Option 1
Price fails here after wiping two previous high liquidity points and comes back to mitigate buyers before rising again.
Option 2
Price pushes higher to regain liquidity from some long term sellers before continuing bearish down to the structural region.
What option are you going for?
EURJPY-Short#EURJPY-1H
Bullish trend line is broken and also retested. Ideal time to sell the pair. As details already share in bigger timeframe
EURJPY-Short#EURJPY
Market has pushed back from resistance level.
In daily timeframe market is repeating history.
Looking forwad that pair will form Heada&Shoulder pattern.
At the same spot i am seeing descending channel and currently market has pulled back into it from resistance.
So all things supporting strong sell. Don't miss opportunity.
EUR/JPY:DOWNTREND|FIBO PULLBACK|PRICE ACTION+NEXT TARGET|SHORT🔔Like a photocopy of EUR/USD, thanks to the principle of correlations, we have a very strong positive correlation of these two pairs and so we can see how EUR/JPY consistently follows the chart of its Major EUR/USD which is the reason why in recent sessions we have seen YEN take breath on the EURO having sessions with bullish impulse. Nevertheless it is obvious to say, just look at the chart, notice the pair a bearish moment, within a Bearish channel with the further confirmation of 21 Jul. by the crossing of the two simple mediums 50+200 "Death Cross ". The Stochastic indicator is in Overbought with divergence. A further sign is the presence of the Fibonacci retracement level that acts as a dynamic resistance in the last sessions with the 61.8% level acting as a key Pullback for the price. In our opinion, the price, noting all the attention described above, will continue to fall immediately.
Can bears gather enough power to force the EUR/JPY into its horizontal support area?
EURJPY: Ready to drop?EURJPY D1: A strong downtrend, with bearish breaks of structure, LHs and LLs. (See Updates)
Now, price finds a bearish order block. Looking for the next LH to form there.
4H: Expecting price to continue to maintain the bearish momentum, form the LH, follow with a BOS to grab the liquidity at the relative equal lows, and form the LL.
EURJPY hanging around minor resistance Still looking at possible short trades on this pair, a bit of sideways moves at the moment so hopefully we can see momentum pick up and push off that level of resistance for that short trade.
EURJPY-ShortMarket has fallen from falling resistance and also from cluster of resistance. So looking for sell.
265 PIP EURJPY Short Analysis Setup In this trade we see price at a key resistance zone with price breaking out uptrend on the largest time frames. We now treat the Bollinger band like a descending channel. Within this channel we watch price go previous areas of liquidity. Drop A comment saying literally anything to support thank you! Stay tuned for more big boy trades
BUY EURJPYPrice most likely to reverse to retest certain areas.
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EURJPY ANALYSISFor quite some time, we have seen this pair continue to move sideways.
Even with this sideways movement, the level at 129.650 still holds firmly.
Since the previous trend was down, we could eventually see the bearish move come into play.
Targets would be the previous low at 129.200.
EurJpy- Continuation to the down side?Since the beginning of June, EurJpy has started to drop, putting in lower highs and lower lows on our daily chart.
At this moment the pair is consolidating in a symmetrical triangle and we can expect continuation.
127 could be a good target for swing traders and only sustained buying pressure above 130.50 would put a pause to this scenario.
EURJPY Short Analysis Hey traders, here is the analysis for the EURJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
EUR/JPY Signal Market SellEUR/JPY Signal
Market Sell: 129,800
Stop-Loss: 130,400
Target 1: 129,200
Target 2: 128,200
Stop-Loss: 60 pips
Risk: 0,5%
Risk-Reward: 2,69
EURJPY positionWe are still patient and holding this last position. The original setup is linked below
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are crucial.
#Trade_Like_A_Magnate
EUR/JPY:DOWNTREND|PRICE ACTION+FIBO ANALILYS|SHORT 🔔Welcome back Traders, Investors, and Community!
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EURJPY Short Analysis Hey traders, here is the analysis for the EURJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
EURJPY positionThis entry was simply based on the trendline violation principles. of course other confluences had to be adapted before making an entry.
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are always key
#Trade_Like_A_Magnate
EURJPY After analyzing this pair starting from monthly time frame, Price has nicely completed 38% Fibo level. Basically price was completing corrections of last bullish impulse. After rejection from 38% Fibo on monthly we have some more confluences on lower time frames. On Daily Time frame price has made beautiful descending wedge pattern. Now waiting for a double bottom pattern on recent structure level to go for long opportunity.
EURJPY Strong Sell Detected We previously call sell order and close that one manually with a couple of hundred pips, and now we found another good pattern to jump in once again in the same direction.
EURJPY Short Analysis Hey traders, here is the analysis for the EURJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. Disclaimer- This is not financial advice.
EURJPY ANALYSISAlthough price had been in a downtrend, we have now seen price break above this key level and has already come back to retest it.
We will now move to the smaller time frames to find ourselves some long entries.
Since this might be the start of a new trend, we'll keep targets at a new high that could form along with this trend.
