EURJPY ANALYSIS.The price is giving a bullish signal, the trend is upwards and reacting in a strong zone.
EURJPY trade ideas
EUR/JPY - Critical Key Level TheoryThis is a tried and tested "Break and Re-test" of a critical key level. We will see if price respects and touches the key level before meeting the full daily range and more.
Trading Reflection: Embracing Low-Risk, Low-Stress TradingWould you risk $266.38 for a potential return of $757.23?
That's the kind of trade setup I'm focusing on these days.
My Trading Philosophy
Over my 19 years of trading experience, I've encountered many "trading gurus" who claim that achieving a profit factor of 2 is impossible—that it's merely a textbook scenario and unrealistic. I chose to keep my thoughts to myself, but their perspective revealed a lot about their trading approach:
1. Constant Break-Evens and Overtrading: Chasing big wins often leads to overtrading and settling for break-even results, reminiscing about those rare "good feelings" when trades went their way.
2. High-Stress Environment: They operate under constant stress, obsessing over being "right," frequently intervening in trades, and deviating from their trade plans—all justified by their years in the industry.
Finding What Works for You
There are countless ways to trade, and results will vary depending on your strategy. Personally, I prefer a method that allows me to:
- Spend Just 15 Minutes a Day: I review my trading pairs, set alerts, and let the market notify me when it's time to act.
- Use Candlestick Confirmations: I decide whether to engage in a trade based on candlestick patterns at my predetermined entry points.
This approach ensures my profit factor for the final target is always at least 2—often even higher.
Mathematically, I can be profitable with only a 40% accuracy rate.
This allows me to seek trades with high returns and live my life freely for the rest of the day.
Current Trade Idea: Bearish Crab Pattern
I'm eyeing a Bearish Crab Pattern on the 15-minute chart. It might not be picture-perfect, but it offers a profit factor of 2, and I have RSI divergence supporting my idea.
Trade Management
- Once the market touches 164.02 or breaks and closes below 164.21 , I'll shift my stop to the entry price to attain a risk-free trade.
- Remember to include our stop-loss buffer when setting your stops.
Final Thoughts
Trading doesn't have to be high-risk or high-stress. It's about choosing a strategy that aligns with your goals and lifestyle.
Whether you prefer a fast-paced environment or a more relaxed approach, the choice is yours.
What's your trading style?
Do you prioritise low-risk, low-stress strategies, or do you thrive in the thrill of the fast-paced markets?
Share your thoughts and experiences below!
Stay patient, trade wisely, and happy trading! 🚀
REVERSING POS ON EURJPYEarlier I posted to buy EURJPY but the market reversed and gave us an entry to take to short.
Revers your position and take the same levels I placed on the chart.
BUY EURJPYGood morning traders,
I'm sharing with you this trade you can take on EURJPY with the same TP/SL as mine.
Follow for more!
EUJPY, lookin further up for more gains, +500 pip prospect.EURJPY, after hittin recent highs of 166.6, a trim-down followed after -- corrected significantly back to demand zone touching 78.6 fib levels.
Now, based on recent price behavior this pair is preppin for another round to the upside soon.
Net buyers has started accumulating already based on daily data metrics. The healthy correction just warranted a very clean setup for another ascend.
Spotted at 164.0
Interim target set at 170.0
TAYOR.
EURJPY, Head and Shoulder Formation with Double Bottom Head and Shoulder Formation
Double Bottom on Right shoulder
Bullish Divergence
Trade Plan 1
Ride Double Bottom projection
Sl below Double Bottom
Trade Plan 2
Ride head and shoulder Projection
Sl below right shoulder
eurjpy is bearishThe high liquidity and volatility determine the attractiveness of the EURJPY pair for traders and investors. Due to such fundamental factors as changes in the monetary policy of the ECB and the Bank of Japan, the release of data on GDP, inflation and the labor market in Japan and the Eurozone, volatility almost always increases. EURJPY has a generally recognized status as a safe-haven currency. The interest of investors in the yen grows significantly during periods of uncertainty in the financial markets. The dynamics of changes in EURJPY prices are characterized by long-term trends, which are favorable for implementing trend strategies using technical tools (indicators and oscillators).
EURJPYA great V-formation and a price consolidation at the neck of the V. I am shooting for a TP2 at this spot
EURJPY- TREND REVERSAL - DIVERGENCE | DOUBLE BOTTOM Bullish Indicator
1- Bullish Divergence
2- Formation of Double Bottom
EURJPY: Long Signal with Entry/SL/TP
EURJPY
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long EURJPY
Entry - 164.24
Sl - 163.66
Tp - 165.28
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
EURJPY 12/13-Nov-2024 Possible Day trading Idea EURJPY Day trading Idea
1.EURJPY is in a bullish trend
2.I am looking for buys on a HL
3.Current trend is Pro trend
4.Price recently broke above previous H, formed a new H. left out a clean consolidation range before breakout. (In higher timeframes this will appear as OB)
By highlighting the recent BOS; HH; recently formed HL, i can apply the FIB levels to identify the possible entry point where price has already reacted to it. but going down to LTF we can identify a MSS, and another possible area for entry.
Proper risk management can be applied, This is a B setup trade.
BOS-->HH-->HL---> Look for discounted prices for HL
EURJPY 12/13-Nov-2024 Possible Day trading Idea EURJPY Day trading Idea
1.EURJPY is in a bullish trend
2.I am looking for buys on a HL
3.Current trend is Pro trend
4.Price recently broke above previous H, formed a new H. left out a clean consolidation range before breakout. (In higher timeframes this will appear as OB)
By highlighting the recent BOS; HH; recently formed HL, i can apply the FIB levels to identify the possible entry point where price has already reacted to it. but going down to LTF we can identify a MSS, and another possible area for entry.
Proper risk management can be applied, This is a B setup trade.
BOS-->HH-->HL---> Look for discounted prices for HL
Double Bottom Reversal Pattern Observed in EUR/JPY – Bullish MomA potential Double Bottom Reversal Pattern has formed in the EUR/JPY pair, indicating a possible bullish trend. We anticipate the market to surge as buyers gain momentum. A retest of the Support and Resistance (SNR) level is likely before the upward movement. Entry Price (EP), Stop Loss (SL), and Take Profit (TP) levels are strategically set for this setup.
EURJPY POSSIBLE BUYThe market is currently testing the current Weekly Fib area 0.618. Based on 4HR TF, the market seems to be forming a possible reversal chart pattern.
We could see Buyers coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
EUR/JPY "Euppy" Bank Money Heist Plan on Bearish Side.Ola! Ola! My Dear Robbers / Money Makers & Losers, 🤑💰
This is our master plan to Heist EUR/JPY "Euppy" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal / Trap at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich 💰.
Entry : Can be taken Anywhere, What I suggest you to Place Sell Limit Orders in 15mins Timeframe, Recent / Nearest High Point.
Stop Loss 🛑: Recent Swing High using 2h timeframe
Attention for Scalpers : Focus to scalp only on Short side, If you've got a money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰.
Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss 🚫🚏. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
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EURJPY - BEARISH MOVEHello Traders !
The EURJPY price failed to create a new higher high !
At the moment, The support line is broken🔥
So, I predict a bearish move📉
________________
TARGET: 162.635🎯
EUR JPY Trade Setup Daily TimeframeEUR JPY has broken through a major resistance level, which has now turned into a support level, forming break and retest pattern on the daily timeframe.
We’ll be looking for buy entries from the retest level. to get our entry, let’s scale down to lower timeframes to identify chart patterns and candlestick confirmations.
📉🔄📈
EUR/JPY: Brief Dip Before Bullish TrendHello,
FX:EURJPY has potential to further test the daily support level, though it’s unlikely to fall below the strong 1D support at 163.129. Indicators suggest a brief decline followed by a longer-term upward trend within these levels. While confidence is mixed—with some optimistic and others cautious—overall alignment points towards a bullish outlook, with the monthly pivot point having acted as support.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
EURJPY Long Positionhello traders, this is my thought for EURJPY long position idea. im using fibo retracement method and support & resistence to make my trading plan.
BUY EURJPYEURJPY buy now at 163.67 to 164.8. Price seems to be forming a bearish flag pattern. Lets place our buys here and hold towards the resistance.
