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Eurjpytrade

POLICE HELICOPTER125 and 116 are key monthly levels that i will be looking at setting orders at, notice how these are nice round numbers also! If you want to see the bigger picture you must zoom out, so use the higher timeframes and you will spot stronger and more setups, if the police want to find someone in a crowd they use a helicopter (so they are looking at the bigger picture eg the monthly timeframe) This way they have more chance of finding who or what they are looking for, use this analogy in your trading setups and you will find what you are looking for. Price is only going 1 way for me, down so the bears are going to take over from the 3 months of bullish moves, price is at a key resistance level on the monthly timeframe and if you look at the 4H and Daily timeframes you can see that price is slowing down and struggling to break this key level, this usually indicates a change of momentum. If you would like any help trading just send me a message on here for a chat :) Lots Of Love Laura x
Short
by FreeSignalsUK
EURJPY BUY ON DIPEUR - BULLISH 1️⃣ PMI data confirmed the Eurozone private sector activity grew in July by the most since June 2018 while the retail trade report showed the bloc's sales bounced back to pre-pandemic levels. 2️⃣ ADP report showed the US private sector added nearly 170K jobs during last month, missing consensus badly. 3️⃣ The euro enjoyed its best month in a decade during July supported by a massive relief package agreed by EU leaders and dollar weakness. JPY - BEARISH 1️⃣ The Japanese government plans to decide at a cabinet meeting on Friday to use over 1 trillion Yen from its reserves for responding to the COVID-19 epidemic, after added 1,200 new cases on Tuesday. ===== Technical ===== 📊 We look to long this pair on RBS level on H1 chart. 📊 EURJPY in bullish zone.
Long
by MonsunAsia
Uptrend continuation expected, buy the dipsEURJPY market structure remains Bullish and price is above the 100H EMA. So, a continuation of the uptrend is expected. I would be looking to buy the dips near 124.30-124.65 with SL below 124 and TP at 126. Watch the area that I have highlighted in my chart. Buying here carries the lowest risk because your TP would be big and the SL would be small. Watch for bullish price action near this highlighted area and buy with the above targets.
Long
by YourLazyTrader
2
EURJPYThe overall trend is bullish. But right now the price is in the state of uncertanty. There are chances that we can see a pull back to the downside as the the price cannot break the upper trendline. So we should act as usual depending on the price action at the moment. Don't forget about risk management and always leave space for little mistakes. Remember nobody knows where the price will go next. But there is 100% assurance that it will either go to the upside or to the downside. Cheers!
by Stan_Leimanis
2
EURJPY AnalysisPrice is currently bearish overall so I am only looking for sells. Price has made a double bottom and created a support level. I am going to wait and see what price does because there wasnt a lower low made yet and I do not want to enter a sell at just anywhere. There are three ways I am looking to enter a trade: 1. Price closes below the support showing bearish pressure in the market and signs it will make a lower low 2. I am going to wait for price to test the resistance level and look to get in a sell after 2/3 rejections of that level on the 15 min or if there is a double top formed on the 5 min. I will put my SL above market structure so that I will have a small stop loss with a great 1-3 RR trade setup to target the support level just in case it starts ranging. 3. If price breaks that resistance level and stops me out I will likely be looking for buys as that will mean a higher high was formed and look to enter on the higher low. Hope this helped give you an insight to how I currently see the structure of EURJPY. Make sure to drop a like and leave a comment below :)
by DNiceChampion
EURJPY Analysis: Bearish Signals Showing...EURJPY has a clear double top pattern as we can see more clearly in the daily timeframe which I circled in my chart. We saw a nice rejection off the top level starting to form a possible bearish downturn. Interestingly, as price level falls, we saw a nice bullish retracement to the 123.60 price level resistance level and if we were to use fibonacci retracement for this we can see a nice rejection off 61.8 fib level which starts to show us possible BEARISH continuation. On the other hand, MACD shows an interesting outlook for EURJPY showing that a BEARISH movement may start to take place soon. As of now, I am BEARISH on EURJPY however I will be observing a nice breakout from the trendline I drawn to confirm my BEARISH bias. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
Short
by YGForex
EURJPY| STILL BULLISH FOR MEAfternoon Traders, We have clear uptrend momentum, Id be very interested in seeing how price action responds to the last quarterly highs, (dark blue ray line) At the moment price action is clearly indicating to me further moves to the upside, signified by the large buying that is coming in every time price action tries to push lower, I've highlighted my area of interest this is where i will be setting my order long if price action confirms it. if we start showing signs of trend reversal this will usually be significant by large bearish candles, I will of course flip my bias and I will seek an entry to short this pair. do you agree? let me know. Thank you.
Long
by NK008
EURJPY| EARLY MORNING BUY OPPORTUNITY (That I did not take)Afternoon Trader, I will be honest and say this IS NOT a trade I managed to take, I simply just missed it. Ill talk you through my thoughts on why I would potentially take this as a trade, we had multi bullish candle closes from the 121.917 level all the way up to the highs of 122.501 level with a swift sell off, initially I was not interested as price action had pushed down too quickly for me showing we may potentially have some non tradable volatility and clear rejection of the most recent high level signalling very little momentum. However, over the course of the Asian session price action continued to form into a tight range/channel that then hit my key level of interest and my entry would have been triggered and impulsed away. but as stated I did not enter this trade but for the purposes of being fully transparent I thought It may help fellow traders. let me know your thoughts if you agree or disagree. Thank you.
by NK008