Eurjpytrade
4HR Analysis for EURJPYI believe the overall trend for this pair is bullish bias, however there will be be a moderate retracement to and below the 124 handle. I'll keep it short on this post and let the audience do some digging on my chartwork to see if it makes sense. I based this chartwork solely off pure market movement and left out indicators. Please feel free to ask me any questions.
EurJpu- to break above 125- 200 pips possible tradeThe drop from 127 to 122 is clearly corrective in nature and, after finding strong support at 122, the EurJpy has risen in a constructive way.
Now the pair is trading just under 125 important resistance and neckline of an H&S and I think a break up is inevitable.
That being said my strategy for this pair is buying dips and 127 could be a reasonable target.
EURJPY BUY Trade Idea. EURJPY BUY Trade Idea.
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
EurJpy- Near important support, I favor longsAfter finding local support in 121.50 zone, EurJpy rose quickly to 125 resistance where it found strong asks.
Now the pair is correcting this up move and is near 122.50 important support.
I favor long trades and a buy trade in this zone can have a more than 1:2 R:R
EURJPY 60 PIP SELLEURJPY showing great potential for a 60 PIP short. At the moment EURJPY is forming a flag pattern following from a strong bullish momentum. Price has reacted well within the pattern and i believe will find support for the third time before continuing its way up. Recently we have seen a rejection of the top trend line as well as an oversold condition on the RSI(10), with these factors combined it may allow price to have enough momentum to find support once more at the bottom trend line, hence why my TP is set at this point. Furthermore before forming new higher highs price may want to retest the neck line of the double top formed recently back in October. The intersection of both the bottom of this flag and this strong support zone is where i think price will test before continuing its way up allowing it to push for new higher highs. With a flag pattern like this before a strong bullish momentum we are most likely going to see it break to the upside. We currently dont have anything as of yet on the 200 EMA however if price breaks this i believe will further give it momentum to hit my target. TP is set at 60 PIPs and SL at 35 Pips
EUR JPY - NOV 15 -20 KEY LEVELSEUR JPY - NOV 15 -20 KEY LEVELS
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You can see how price hit my blue resistance zone perfectly then bears pushed price down 140 pips, and you can see where i am expecting price to be pushed down to, my yellow support zone which is 75 pips away as i am looking for it to hit 123.000.
When price hits 123.000 i will be looking to see how price reacts around that level as a break and retest of this level as resistance would produce more downside moves or a bounce from this support would produce more upside moves. Again you must be patient!
If you have any questions or want to know more about the way i trade then please just message me.
EUR/JPY BUY SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
EUR/JPY: Daytrade-Execution
Market-Buy-Order: 124,150
Stop-Loss: 123,725
Target 1: 124,520
Target 2: 124,755
Target 3: 125,135
Stop-Loss: 42 pips
Risk: 0,5% -1%
Risk-Reward: 2,50
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Peace and good trades
Irasor
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EurJpy- A new leg down?The long-term trend for EurJpy is clearly down for a few years now (visible on the weekly chart) and after 2 failed attempts to reconquer 125 in October, the pair dropped to 121.50 zone.
The rise from this point is corrective and we have a clear resistance at 123 (the last broken support and congestion zone)
I expect bears to take control next week and we can see a new low for this period around 121
I'm looking to sell this pair
EUR/JPY DAYTRADE-EXECUTION!! SHORTEUR/JPY DAYTRADE-EXECUTION!! SHORT
Market: Sell-Limit : 123.410
Stop-loss : Close Break 123.990
Target 1: 122.600
Target 2: 121.960
EURJPY - 4hr Signal; It's ready to bite the dust... againYou know the deal -> arrows.
Obviously one is looking for fresh SHORT Entries here. (Unless you are deep in the money already off of our ongoing SHORT Signal then just stay with it!)
EURJPY ShortThe pair showed no buying force to break the trendline and started to fall (short).
As soon as the hourly candle closed with selling force forming a shooting star candlestick, I just waited for the closing of the next candle to have a confirmation of selling force and I was able to enter a short position. R / W - 1/4.2
Entry: 123.991
EURJPY setting up for a big dropEurjpy sell between area suggested, watch price action in smaller time frames to add to your short positions
TP 121
SL 126
EURJPY Short IdeaThe pair consolidated for a few hours forming a triangular figure between trendlines, until it broke the bottom giving rise to the idea of a short trade.
(It also looks like an Head and Shoulders formation)
R/W - 1/2.5
Entry: 123.967
SL: 124.220
TP: 123.300
EurJpy 4hrs IdeaHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
EURJPYOk this one is a nice one from a closer look we have two opportunities one to buy next to buy (maybe , we have too see the next move)
EURJPY - Trade Review & Updated Forecast. Welcome traders to a free analysis breakdown.
Today I have broken down the trade we took on EURJPY, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
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