EUR JPY TRADE SET UP EUR JPY has formed a double top at the weekly resistance level
The market has broken out of the neckline, we need to see a retest before looking for entry short.
Eurjpytrade
EURJPY: Asian foreign exchange falls ahead of Fed meeting; USD/JThe yen weakened sharply after the BOJ`s first hobby charge hike in 17 years, with USD/JPY hovering toward 150.
BOJ improved hobby fees with the aid of using 0.1%, bringing hobby fees to the impartial area after almost a decade of keeping bad hobby fees. The financial institution additionally signaled an cease to its yield curve manage and asset buy policies.
But the principal financial institution additionally stated that uncertainty approximately Japan's financial system could preserve financial situations in large part accommodative for the time being. Tuesday's charge hike, at the same time as historic, marks most effective a small step at the course farfar from the country's extraordinarily dovish stance.
This belief has dented the yen, as the principle strain at the Japanese currency - excessive US hobby fees - stays unchanged.
EUR / JPY !! SELL NOW resistance zone ⭐️ Smart investment, Strong finance
⭐️ EUR/ JPY INFORMATION:
The price touched the long-term resistance zone H4, overbought. There is no important economic news on EURJPY, setting up a SELL signal
⭐️ SET UP EUR/ JPY PRICE:
🔥SELL zone: 163.450 - 163.600 SL 164.000
TP1: 163.100
TP2: 162.800
TP3: 162.500
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
EURJPY H1 / EXPECTING A SHORT MOVE AFTER FVG RETRACEMENT ✅Hello Traders!
This is my forecast for EURJPY H1. I see a perfect structure for a short trade as the price closed fully one FVG and I expect it to close part of the second FVG after going bearish.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
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EURJPY - Short active ✅Hello traders!
‼️ This is my perspective on EURJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action from here as price filled the imbalance and rejected from 1H bearish order block + institutional big figure 162.000.
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EURJPY SWING BEARSNow would be good time to enter sells and exploit this bearish structure. Swing trade on M1.
EUR JPY LONG Looking for a break of structure with a 4h close above the blue line and a retest and a higher high close on the 30m to look for the long, failing that I would just be patient and wait for the pull back and rejection from the bottom of structure rather than going against the trend
EURJPY Resistance Ahead!EUR-JPY keeps growing
And will soon hit a horizontal
Resistance level of 163.846
From where I think we will
See a local bearish correction !
EURJPY: Asian foreign exchange declined, dollar stabilized afterMost Asian currencies fell on Thursday, while the dollar stopped falling as a series of signals from the Federal Reserve suggested the central bank is likely to keep interest rates high for a while. next.
Weak purchasing managers indexes (PMIs) from Australia and Japan also kept Asian traders in favor of the dollar, as business activity in both countries slowed in February.
The dollar fell after the Fed reiterated its interest rate outlook
The dollar index and dollar index futures were both steady in Asian trading after falling sharply from three-month highs this week, although the possibility of further declines in the greenback now exists. seems limited.
Minutes of the Fed's late January meeting showed that the bank is in no hurry to reduce interest rates in the near future. Speeches by several Fed officials this week also reiterated this stance, with policymakers citing concerns about tough inflation.
This message suggests that traders are continuously reducing expectations for a rate cut in May and possibly June, which bodes poorly for Asian currencies, as the gap between yields Risk and low risk remain narrow.
EURJPY - Bullish market structure ✅Hello traders!
‼️ This is my perspective on EURJPY.
Technical analysis: Here we are in a bullish market structure from 1H timeframe perspective, so I am looking for a long. I wait price to make a retracement to fill the imbalance and if price rejects from bullish order block + trendline I will open a long position.
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EURJPYBased on the daily timeframe, eurjpy appears to be adhering to an ascending channel, with the completion of the 5th Elliott wave and the subsequent ABC wave pattern. Currently, it has reached a 78% retracement of the last impulse move, indicating a potential reversal. As the (B) wave concludes, the price is likely to descend further to complete the (C) wave, conforming to Elliott Wave Theory principles. Traders may anticipate further downside movement in the near term.
EURJPY M15 / POTENTIAL MARKET CORRECTION 💲Hello Traders!
This is my idea related to EURJPY M15. I expect a sell-off on the EURJPY, and a market correction on the JPY basket, that's why my bias will be for short entries.
In the first phase, I expect the old highs to be taken before going bearish, it confirms, I will look for short entries.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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EURJPY - Short Idea1-Month High (161.858) is a strong resistance. EURJPY has lost its upside momentum, so consolidation is underway, at least to a more significant support at 158.070. Technical data is supported by signs of recovery in the Japanese yen.
EURJPY Will Fall! EUR-JPY is already making
A bearish pullback from
The horizontal resistance
Of 161.404 and I think
That we might see
A further move down !
EUR JPY TRADE SET UP EUR JPY Symmetrical Triangle break out.
Waiting for the retest of the recent high that was formed for a buy entry,
Eurjpy clear uptrend move about comeHello guys,
i am looking forward for a uptrend move in Eurjpy towards 160.30 or above, as per smart money concept we are in deep discount and taken out the sell side liquidity and looking forwards to target the buyside liquidity at 160.30 level on a 2hour time frame . which is deep clean and clear level for sellers and as a SMC trader we love to hunt stops. :)
EURJPY Day Analysis | Sell SetupHello Traders, here is the full analysis.
Tests resistance and the trend is down, Levels for SELL . GOOD LUCK! Great SELL opportunity EURJPY
I still did my best and this is the most likely count for me at the moment.
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EURJPY I Long opportunity from support zoneWelcome back! Let me know your thoughts in the comments!
** EURJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURJPY Bullish Breakout!EUR-JPY is trading in an
Uptrend and the pair broke
Out of falling channel pattern
which reinforces our
Bullish bias and makes me
Expect a further move up
After the local correction !
EUR / JPY LONG The over all trend is bullish and the last Daily candle closed bullish, so ideally i would be looking for break of structure and a 4h close above the blue zone with a retest and higher high close on the smaller time frame to look for buys.
Alternatively I would be looking for the pull back and rejection from the bottom of structure and or the trendline with a 4h close and a higher high close on a smaller time frame.
EURJPY Tradingidea 🚀 according to my edge 👉 @patsedgeSimilar to the trading idea I recently posted, I also observe a potential price pullback or a strong buying zone here, due to the high volume and the newly formed support. I plan to implement my strategy to trade this pullback.
EURJPY Trading Idea @patsedgeWhen examining the EUR/JPY chart, a clear support level at the price of 159.615 can be identified, which formed around January 15th. More recently, a support level was established around 160.786. However, this level has been breached and now serves as a resistance level for future price movements. The last interaction in this price range, observed in the 15-minute timeframe, ended with a narrow range, followed by a significant price drop. In the coming days, I anticipate a trend in the aforementioned price range, particularly at the point where the highest trading volume occurred. In my opinion, there's a high likelihood that the price will drop at this juncture.
#EURJPY
EUR/ JPY !! 25/1/2024 Trendline , touch EMA SELL NOW⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
The price is in a very nice downward trendline, along with touching the EMA, setting up a SELL signal
⭐️ SET UP EUR/ JPY PRICE:
🔥SELL zone: 160.800 - 160.950 SL 161.300
TP1: 160.510
TP2: 160.210
TP3: 159.820
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
