EURJPY 4H"The price is currently completing a pullback to the 0.5 or 0.618 Fibonacci retracement level, and after receiving confirmation, we can enter a sell trade.
What’s your opinion?"
EURJPY trade ideas
EURJPY WEEKLY ANALYSISIn this video, i share a quick look into what to expect for the coming week on EJ. Seeing confluences like the previous weekly candles momentum, ad the current 4hr structure all pointing to the upside.
Sell EURJPY on rallies EURJPY pared most of its gains on board-based Euro weakness. It hit a low of 159.11 and is currently trading around 159.13.
The Euro declined sharply after dismal Euro area PMI data. German flash manufacturing and services PMI in Sep came at 40.30 and 50.6, below forecast of 42.40 and 51.10.
Technicals-
The pair is trading below 34- and 55 EMA in the 1-hour chart.
The near-term resistance is around 159.50, a breach above targets 160/160.57/161.20. Intraday bias remains weak as long as resistance 160 holds. Major bullish continuation only above 163.87. The immediate support is at 159, any violation below will drag the pair to 158.57/158/157.75/157.25/156.75.
Indicator (1- Hour chart)
CCI (14)- Bearish
CCI (50)- Bearish
Average directional movement Index - bearish. All indicators confirm a bearish trend.
It is good to sell on rallies around 159.27-30 with SL around 160 for a TP of 157.
#EURJPY: H4 BULLISH NARRATIVEEurjpy might set for another up. However upon confirmation a long position will be initiated
EUR/JPY Correction Ahead of European PMI DataERRANTE:EURJPY faces selling pressure below 161.185, with technical indicators suggesting a correction is imminent. The pair has been in an upward trend since mid-September, but signs of waning momentum are emerging. The compression of Bollinger Bands and RSI divergence signal that buyers are struggling to maintain control. A break below the 160.359 support could push the pair toward further downside targets at 160.017, 159.849, and 159.533.
If the 160.359 support holds, consolidation could occur. A decisive break above 161.185 would reignite bullish momentum.
Traders should watch European PMI data for Germany, France, and the Eurozone, which could impact the euro’s strength
EURJPYbuy uptrend H1 and m30.. Zone Rally base rally H2, Keylevel and timing.. TP above 50pips.. target ratio 1:3
EURJPY THIS WEEK IS HUGEEVERYTHING ON CHART
please check my pre idea so you can understand better
signals and analsys are free... and always will be
TRADE: BUYING WAITING TO SELL
DURATION: SHORT TO MEDUAM
SCALP: NO SCALPING
IDEA EURJPY LONG POSITION hi traders new week new opportunity
Pair : EURJPY
Position : LONG( BUY )
Entry Price :160.200
STOP LOSS @ 159.800
TP 1 @ 160.600
TP 2 @ 161.000
TP 3 @ 161.800 ( Trailing SL )
EURJPYWe looking for long term buying opportunities as we wait for a correction before the impulse move of buys to the upside| 30M TIMEFRAME
EURJPYEURJPY closed above previous weekly high with bullish FVG so expect that EURJPY will go Higher to the next PD array above
EurJpy Trade IdeaEJ is another pair that is bullish. Last week I managed to catch longs on the pair. We ended last week still bullish so I'm personally looking for price to retest the last high to continue those longs. Based on structures price could come back down the last higher low at 158.500 before going long. We'll just have to wait and see what happens. Shorts here won't make sense unless price flips from 158.5.
SHORT TIME BUYING EURJPY am waiting for price to give me confirmation, otherwise short time buy and then we wait for price action at the supply zone.
EURJPY - 164 coming upIf we look at the Price Action of last week we can see
1. Price Movement - from a low of 155.15 in the London Open of Monday to a high of 161.16 in the NY AM session of Friday. Range of 600 pips.
2. Established Trendline Support - which was tested on 3 separate occasions, with only wicks breaking this line.
3. Bias Shift - to the long side on Wednesday Asian Session with the 55 MAV crossing the 100 MAV.
Currently price is in a Small Symmetrical Triangle at the close of the NY session from Friday.
Next Week ? Suggesting an opportunity for price to move up.
Entry - 159.45 . Around this price we have the confluence of 3 factors
a. 50 MAV
b. Supporting Trendline
c. Fibonacci 70.5 retracement level.
Stop - there is a Swing Low of 158.42. Below this is suggested. If price breaks this level, then we have a break of structure which would establish the change of character and the bias would shift to short.
Target - would be between a Symmetrical Price Swing and the overlying Daily Resistance. Anywhere from 163.20 = 1.6380.
RR = 3+
Yen Pairs Sitting Steady (Trade Plans)EUR/JPY has retraced further on a weaker yen post BOJ last night.
Seems like there is no real worry around the yen (yet).
Targets/entries/exits labelled.
EURJPY TRADE REVIEW In this video i go over a quick trade executed on EURJPY and i also listed out the confluences and thought process that led to the winning position. after seeing the 4hr structure retrace back into the Fibonacci and support area
EURJPY Possible Long Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - CSAK + Entry in MALO
Note:
* Cancel trade or cut-loss when candle close Below MAHI (2 Red Color Lines) in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
Eurjpy buy setup Eurjpy 1 hour buy setup, above 200 and 50 ma with good entry and strong sl, and good volume of fed rate cut. +Weekly buy , combine it with your set-up 😋
EUR/JPY Long H4 Wave II in progress ?!Buy Limit @ 157.103
S/L @ 155.150
T/P1 @ 165.000
T/P2 @ ---------
R.R.R. @ 1:4
Pure Price Action Trading based on Pullback of Key Levels.
Waiting for Wave "II" minute degree of Wave "C" minor degree to complete.
Good Trading!
EURJPY - In bullish trendEURJPY is in bullish trend following simple Dow theory. Placed a pending order of Buy Stop.
EURJPY Expected Growth! BUY!
My dear friends,
EURJPY looks like it will make a good move, and here are the details:
The market is trading on 156.39 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 158.45
Recommended Stop Loss - 155.23
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
IDEA EURJPY LONG POSITION HI TRADERS
Pair : EURJPY
Position : LONG( BUY )
Entry Price : 159.280
STOP LOSS @ 158.880
TP 1 @ 159.680
TP 2 @ 160.080
TP 3 @ 161.500 ( Trailing SL )
EJ Short (9-29-24)Test out theory. 4hr - 15m entry off fvg in reference to 4hr poi and market structure shift. Liquidity points at fvg, still in alignment with htf structure.
Buy AnalysisEUR/JPY Buy Analysis
Trade Idea: Buy EUR/JPY
Entry: 159.553
Take Profit: Up to 164.850
Stoploss : 157.950
Rationale:
Bullish Momentum: Recent price action indicates a decline from recent low, indicating possible Upside continuation.
Long-Term Perspective: This trade aligns with a broader Bullish outlook on EUR/JPY, considering fundamental and technical factors.
Risk Management: Implement a suitable stop-loss strategy to manage potential losses effectively, considering market volatility and your risk tolerance.
Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The analysis provided is for informational purposes only and should not be considered as investment advice.
