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Eurjpytradeidea

EURJPY - FUNDAMENTAL AND TECHNICAL VIEW- EUR FEATURE currently stands at 1.0740 LEVEL. It rests on DYNAMIC S / R LEVELS. Also the JPY FEATURE is UP. It stays at 0.0077 LEVEL. The EURJPY PRICE rests above the DYNAMIC S / R LEVELS. So most of the time the PRICE can be UP again in the form of a STRUCTURE. Then there will be DOWN. - Currently the OVERALL MARKET is RISK ON. STOCKS is currently displaying a GREEN SIDE BIAS. Also the VOLATILITY is getting a bit DOWN. Also COMMODITIES still shows a NEUTRAL BIAS. Currently there is only one RISK ON TONE in the market. Therefore, in the future, all currencies such as NZD CAD AUD can definitely be UP. Also JPY CHF can be DOWN. - EURJPY PRICE can be DOWN to 138.203 LEVEL before DOWN. Then you can DOWN to 133.770 LEVEL. The PRICE will move according to this week's ECONOMIC INDICATOR DATA and MARKET SENTIMENT. The next few days can be a bit important.
by benny_marshall
EUR/JPY Short Trade UpdateHey Guys! As you know, I'm currently waiting for a pullback to at least 131.67 for a short entry with the stop loss at 133.68 and the main target at 114. 40 . On the last 4h move up I didn't get the pullback to my entry level at 131.67 by roughly 8 pips!(Wha-----t?) So I've been watching the lower time frames for signs of short term long strength to see if I can get that pullback. In this video, I show how I was able to tell that we will be getting a move down for the last week or two. Just a short explanation of reading strength of the longs or shorts through price action. So I'll keep you guys updated with this set up! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Short
by TradingForexPriceAction
1
EUR/JPY Nice Pullback From Trendline Support Zone. EUR/JPY nicely pullback from its trendline support zone. 128.00 was double bottom zone. But EUR/JPY broke below 128.00 and tested its trendline support area at nearly 127.50. If today's daily candle closes a full-body bullish pattern, we can hope that EUR/JPY will test the 130.40/50 price zone very soon. 130.40/50 is an absolute strong resistance zone. Many times market-tested 130.40/50 but couldn't break it. So, it is expected beyond price action analysis that the price will act as a strong resistance zone. But breaking above 130.40/50 will open the door for 133.--/133.20 price zone. On the other hand, EUR/JPY breaks below the trendline support zone, we may see another knee-jerk downside pressure on EUR/JPY. EUR/JPY will only drop if the Covid situation becomes worse. Otherwise, EUR/JPY reached its bottom price, so it is expected that the EUR/JPY may rise from the price zone. If EUR/JPY breaks below the 127.50/30 price zone, we may go short, and the downside target will be 126.00. Breaking below the trendline support level, our long target will also be invalid.
Long
by Gold_Trading_Expert
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 . If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner. Feel free to comment a pair or subject you would like me to cover next. Trade Safe Alpha Trading Group.
by AlphaTrading-Group
2
Elliot Wave: EURJPY Set Up for a Massive Advance The five-wave rally from 119.25 in wave (i) favors the idea wave 2 ended at 119.25, and wave 3 is underway. It also set the stage for a three-wave correction, which is unfolding as a double zigzag pattern. I anticipate that wave (ii) will find support circa at 119.560 area, comprising the 78.6 Fibonacci retracement of the advance from 119.25, a key support level, and retest of the weekly descending trendline. The invalidation level has been indicated on the chart, and the breach of the green line will confirm the pullback has bottomed, and that may trigger upside acceleration for wave (iii) of 3. Kindly let me know your thoughts in the comment. Thanks for reading! Veejahbee
Long
by Veejahbee