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EURJPY trade ideas

EURJPY H4 | Bearish Drop?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 163.51, which is an overlap resistance close to a 61.8% Fibonacci retracement. Our take profit will be at 162.12, a pullback support level. The stop loss will be at 164.25, a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
1
Bearish drop?EUR/JPY is rising towards the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 163.78 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 164.76 Why we like it: There is a pullback resistance level. Take profit: 162.12 Why we like it: There is an overlap support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
Bearish reversal off overlap resistance?EUR/JPY is rising towards pivot which is an overlap resistance and could reverse to the 1st support which acts as a pullback support. Pivot: 164.97 1st Support: 162.65 1st Resistance: 166.66 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
EUR/JPY Resistance with Fair Volume GapOn EUR/JPY , it's nice to see a strong sell-off from the price of 164.480. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. Fair Volume GAP (FVG) and high volume cluster are the main reasons for my decision to go short on this trade. Happy trading, Dale
by Trader_Dale
EUR/JPY "The Yuppy" Forex Market Heist Plan on Bullish🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the EUR/JPY "The Yuppy" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 Be wealthy and safe trade.💪🏆🎉 Entry 📈 : You can enter a Bull trade at any point, however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Using the 30min period, the recent / nearest low or high level. Goal 🎯: 165.000 Scalpers, take note : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release. Fundamental Outlook 📰🗞️ Based on the fundamental analysis, I would conclude that the EUR/JPY (Euro/Japanese Yen) pair is: Bullish Reasons: Interest rate differential: The European Central Bank's (ECB) interest rate (2.50%) is higher than the Bank of Japan's (BoJ) interest rate (0.10%), making the EUR more attractive to investors. Economic growth: The Eurozone's economy is expected to grow at a faster pace than Japan's, driven by the strong labor market and increasing business investment. Monetary policy: The ECB's hawkish stance and potential interest rate hikes are expected to support the EUR, while the BoJ's dovish stance and potential monetary policy easing could weaken the JPY. Trade balance: The Eurozone's trade balance is expected to remain in surplus, driven by the strong demand for European exports, which could support the EUR. Japanese economic slowdown: Japan's economy is expected to slow down, driven by the aging population and decreasing labor force, which could lead to a decline in the JPY. However, it's essential to consider the following risks: Global economic slowdown: A slowdown in global economic growth could reduce demand for the EUR and drive down prices. Eurozone debt crisis: The Eurozone's debt crisis could resurface, potentially weakening the EUR and driving down prices. Trade tensions: Escalating trade tensions between the Eurozone and other countries could negatively impact the EUR and drive down prices. Bullish Scenario: Interest rate differential, economic growth, and monetary policy support the EUR Japanese economic slowdown and trade balance support the bullish case Key Fundamental Indicators: Eurozone GDP growth: 1.5% (2023 estimate) Japan GDP growth: 0.5% (2023 estimate) ECB interest rate: 2.50% BoJ interest rate: 0.10% Eurozone trade balance: €20 billion (2023 estimate) Japan trade balance: ¥500 billion (2023 estimate) Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan. Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
Long
by Thief_Trader
Short on EUR/JPY: Analysis and Trading Strategy Dear readers, my name is Andrea Russo, and today I want to share my upcoming short setup on EUR/JPY, based on a combination of technical indicators and market signals. The trade is not yet active, but it will follow the direction indicated by the arrow on the chart. The goal is to take advantage of a potential bearish reversal while maintaining an optimal risk/reward ratio. --- Technical Analysis Wave Trend Breakout (1H): I identified a clear bearish breakout on the Wave Trend in the 1-hour chart. This signal highlights a loss of bullish momentum, suggesting a possible downward move. Overbought on the 4H timeframe: On the 4-hour chart, the price is in an overbought zone. This makes me think that a reversal is imminent, as the market could correct to more sustainable levels. Alligator in a bearish phase (1H and 4H): The Alligator confirms this thesis: on both timeframes, the lines show bearish crossovers and open downward, a typical signal of a developing downward trend. --- Trading Strategy My plan is to enter after a slight pullback following the initial expected drop. This will allow me to enter at the best possible price, optimizing the position. Entry Point: 162.839, after a brief technical rally. Stop Loss: 163.249, placed 50 pips above the entry level to limit risk. Take Profit: 159.047, targeting a key support level with a realistic and well-defined profit target. --- Risk Management For this trade, I’ve set a risk/reward ratio of 1:3: Risk: 0.5% of capital. Potential Return: 1.5% of capital. This setup allows me to keep risk limited while maximizing potential gains. --- Conclusion I’m confident this analysis has identified an interesting opportunity on EUR/JPY. As always, the market may surprise us, but a strict risk management approach and attention to confirmation signals will be crucial for the trade's success. Thank you for reading! Let me know your thoughts in the comments! Andrea Russo
Short
by Andrea_Russo_SwipeUP
Bullish bounce off 50% Fibonacci support?EUR/JPY is falling towards the support level which is an overlap support that is slightly below the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 162.04 Why we like it: There is an overlap support level that is slightly below the 50% Fibonacci retracement. Stop loss: 160.32 Why we like it: There is an overlap support level that lines up with the 50% Fibonacci retracement. Take profit: 164.46 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets