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JPYEUR

JPYEUR, Possible Inverse Head And Shoulder Formation Forming!Hello Traders Investors And Community, Welcome to this analysis where we are looking at JPYEUR 4-hour timeframe perspective, the recent events, the current formational structure building up, what to expect the next times, and how possible entries can look. JPYEUR is still moving in a downtrend where it can form now the decisive reversal-formation which can reverse the downtrend to the upside, in this case, I detected the importances to look at in the current structure. In my chart, you can see that JPYEUR is building this possible inverse head and shoulder formation marked in blue which is in many cases known as a possible reversal formation confirming the reversal properly. Currently, the price is still below the 60-EMA in black which it can hold sustainable to complete the right shoulder as it is marked in my chart. When this happens it is important that JPYEUR moves above the neckline in blue with a strong and volatile bullish move to close decisively above the neckline to form a possible pull-back which will in the best case confirm the complete formation and provide a decent entry, although it is possible to enter the trade aggressively on the long-side immediately before the right shoulder has confirmed to the upside it is better and the best option to wait till the formation has confirmed to entry after confirmation which will provide a more reliable setup compared to the current one. When JPYEUR confirms the formation as suggested this will activate the upside targets at 0.00816 marked in black in my chart, when JPYEUR reaches these targets it has to be elevated if the price continues to move to the upside or forms bearish pressure which will visit lower levels in the structure firstly again. In this manner, thank you for watching, support for more market insight, all the best! "Trading effectively is about assessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
3
JPYEUR Falling Wedge PatternIn my opinion, JPYEUR appears to be showing signs of a potential reversal as it forms a falling wedge pattern on the 1-hour timeframe, with the current price finding support at a specific level. The falling wedge pattern typically indicates a bullish reversal, suggesting that the downward momentum may be weakening. Considering this pattern and support level, traders might consider a potential long position on JPYEUR. However, it's important to manage risk effectively. Setting a stop loss at 0.0066178 can help limit potential losses if the market moves against the anticipated reversal. Additionally, a take profit level of 0.0066721 can be considered as a target to capture potential gains. Looking forward to read your opinion about it.
Long
by TopgOptions
EUR/JPY: 11/05. Expectations for SELL BREAKOUT BEFORE PPI NEWSEUR/JPY has printed consecutive bearish sessions breaking last year's high of 148.48, extending its losses past the 18-day Exponential Moving Average (EMA). The evening star three candlestick pattern shows that further downtrend is expected. But the Relative Strength Index (RSI) indicator remains bullish, while the 3-day Rate of Change (RoC) depicts the momentum sellers are gathering. If EUR/JPY falls below the current week low of 147.02 and the RSI breaks through the 50 moving average, it will exacerbate the decline of the 50-day EMA at 146.00. A decisive break will reveal the right price to enter a sell point at 146,800 today. Conversely, if EUR/JPY recovers and confirms the 20-day EMA, it can move above the 148.60 mark. Once cleared, the next stop would be last year's high of 148.50, followed by the 150.50 figure. OANDA:EURJPY
Short
by DNA_TradingFX
EURJPY broke the uptrend line in the 🔴Heavy Resistance Zone🔴EURJPY managed to break the uptrend line in the 🔴heavy resistance zone🔴 with a breakout candle. EURJPY is currently pulling back to the uptrend line. I expect EURJPY to break down to at least the 🟢support zone🟢. Also, I shared a short position with RR=2.86 with you, but be sure to trade according to your own strategy, and don't forget capital management. 🔅Euro/Japanese Yen Analyze ( EURJPY ), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
6
💵Euro/Japanese Yen 💵 Analyze(01/05/2023)!!!Euro/Japanese Yen moved as I expected in my previous post.✅👇 Euro/Japanese Yen was able to break the downtrend line. Also, we can see regular divergence (RD+) between MACD Indicator and Price. I expect Euro/Japanese Yen will go up to the resistance zone/line. 🔅Euro/Japanese Yen Analyze ( EURJPY ) Timeframe 4H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
6
💵Euro/Japanese Yen 💵 Analyze(12/30/2022)!!!💥☃️🌲☃️💥💐🌲Merry Christmas 💥💐🌲☃️ Euro/Japanese Yen was able to break the support line with a candle with a long red body. Euro/Japanese Yen completed the pullback. I expect Euro/Japanese Yen will go down minimum to the support zone. 🔅Euro/Japanese Yen Analyze ( EURJPY ) Timeframe 4H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
10
EURJPY Long Term LowEURJPY is potentially making a long term low. We have a double bottom on the weekly and one on the daily as well, which gives a lot of potential for the long term. As always with double bottom, there is a downside, that is if it turns into a triangle (making a lower high) as the red line suggests on the left. For the coming days/weeks, we there is a double bottom formation as well. As you can see price dropped below the support, but pumped up quite strong again, creating a small inverse H&S it seems. If it plays out, short term target is what the blue line shows. For coming day or so, could still drop, but the max for my theory should be the green zone. Below it, it's probably wrong. A strong push through the red zone, would make it likely to see it rally to that target zone. Don't forget to like if you appreciate this :) Previous analysis:
by botje11
4