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EURJPY trade ideas

EURJPY → False breakout of key resistance ...FX:EURJPY is forming a false breakdown of resistance and draws us a reversal pattern against the upper boundary of the descending price channel, as well as the pressure on the market creates the correction of the dollar... On the daily chart the structure is bearish. After the false breakout of the global resistance a correction is formed, within which the price can test the imbalance zone or the previously broken resistance and continue its fall after the liquidity capture. The global trend is neutral and in this case it is worth considering local support levels as targets Resistance levels: channel boundary, 162.3, 163.0 Support levels: 160.84, 158.9 A retest of the channel resistance or the area of 162.4 - 163 is possible. But any return of the price under the resistance of the descending channel and consolidation of the price in the selling zone may provoke further decline Regards R. Linda!
Short
by RLinda
1
Trading Idea: EUR/JPY Buy Setup Based on Retail Flow SentimentA strong buy signal has emerged on EUR/JPY, driven by retail trading flow analysis. Let's break down the setup and why this trade aligns with smart money strategies. Signal Breakdown Retail Sentiment Shift 📊 After breaking above the descending triangle, we observed a surge in retail sell positions, indicating a strong bearish bias among traders. Despite a minor pullback, the majority of retail traders remain short, reinforcing the likelihood of a stop-out rally. Price Action & Smart Money Reaction 🏦 The breakout invalidated the bearish triangle pattern, yet retail traders continued shorting. Our trading flow model shows short positioning far exceeding rolling averages, a classic trap scenario where market makers may push prices higher to liquidate retail shorts. Trade Setup Buy Entry: 📈 161.50 Stop Loss: ❌ 159.70 Target: 🎯 175.56 Rationale: Retail traders are heavily short, margin utilization is rising, and smart money may continue squeezing higher. Bonus: 💰 This setup also benefits from a positive carry swap, making it even more attractive for medium-term holding. Final Thought Our EUR/JPY trade strategy is built on 80% trading flow sentiment and 20% technical & fundamental analysis. Retail traders often get trapped at key reversal points, and we capitalize on these inefficiencies. 📊 Will the smart money push EUR/JPY higher? Drop your thoughts below! 👇
Long
by bambarcapital
2
EURJPY: Potential downward move towards 161.00?OANDA:EURJPY is currently approaching a significant resistance zone, an area that has been a key point of interest where sellers have regained control, leading to notable reversals in the past. Given this, there is potential for a bearish reaction if price action confirms rejection, such as a bearish engulfing candle, long upper wicks or increased selling volume. If the resistance level holds, I anticipate a downward move toward 161.00, a target that seems at least achievable. This would more likely be a call on a bearish outlook, as sellers may step in to push the price lower from this key level. However, if the price breaks this zone and sustains the up move, the bearish outlook may be invalidated, and we could potentially see a larger upside move. Given the potential volatility around this zone, it’s crucial to monitor candlestick patterns and volume closely to identify strong selling opportunities. Proper risk management is essential to handle any potential volatility and protect your capital if the price breaks out.
Short
by TrendDiva
21
EURJPY Breakout Analysis: Falling Wedge & Key LevelsChart Pattern Breakdown The chart presents a 4-hour timeframe for EUR/JPY, revealing a strong technical setup with multiple key patterns in play. The price action has been forming a falling wedge, a bullish reversal pattern, followed by a breakout. Falling Wedge Formation A falling wedge pattern is characterized by a narrowing range, where both highs and lows trend downward but converge towards a breakout point. This setup indicates a loss of bearish momentum and the potential for a strong bullish move once the price breaks out. The wedge began forming in early February, with price making lower highs and lower lows within the structure. The support level remained stable, while the resistance trendline kept the price within a tightening range. Around early March, the price successfully broke above the wedge resistance, confirming the bullish breakout. Key Resistance & Support Levels Resistance Level (Marked on the chart) Around 163.500 - 164.000, where the price faced rejection multiple times. The market tested this level but struggled to break through immediately, confirming its importance. Support Level (Marked on the chart) Around 158.500 - 159.000, acting as a strong demand zone. This area provided multiple bounces before the final wedge breakout. Current Price Action & Trading Setup Breakout Confirmation: The price successfully broke the wedge and moved higher, testing the resistance zone. Pullback & Retest: The market is currently pulling back, testing the recent breakout area. This could be an ideal entry point for a long trade. Bullish Target: The next significant resistance is at 166.754, followed by an extended target at 166.938. Trade Plan ✅ Long Entry: On a successful retest of support near 160.500 - 161.000 🎯 Target 1: 166.754 🎯 Target 2: 166.938 🔒 Sell Stop (Stop Loss): Below 158.918 to minimize risk Conclusion The EURJPY chart is showcasing a strong bullish setup with a confirmed falling wedge breakout. As long as price holds above the key support level, the market is likely to continue its bullish momentum towards the 166+ zone. Traders should watch for confirmations such as bullish candlestick patterns, volume surges, and trendline support before entering a long position. 🚀 Do you agree with this setup? Drop your thoughts in the comments! 🚀
Long
by GoldMasterTrades
EURJPY Massive Long! BUY! My dear friends, Please, find my technical outlook for EURJPY below: The price is coiling around a solid key level - 161.01 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 162.16 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EUR/JPY Bearish Setup Breakdown (2H Chart)1. Market Structure & Trend Shift The pair was in a clear uptrend, forming higher highs and higher lows. However, price broke below the ascending trendline, signaling a potential trend reversal. A retest of the broken trendline confirms bearish strength, as price rejected from it. 2. Entry Strategies ✅ Break & Retest Entry (Best Option) Since price already broke and retested the trendline, the best entry point was: Sell Entry: After price rejected the broken trendline (confirmation candle). Confirmation: A bearish candle with a long upper wick or strong red close. Stop Loss (SL): Above the recent high (around 163.3). Take Profit (TP): Targeting key support zones (159.0, then 156.0). 3. Risk Management Stop Loss Placement: Above the last high (163.3), ensuring room for market fluctuations. Take Profit Zones: First TP: 159.0 (psychological level & previous support). Final TP: 156.0 (major support & full bearish target). Risk-to-Reward Ratio (RRR): If SL = 2.0 pips and TP = 6.0 pips, RRR = 1:3 (ideal for strong trades). Ensures potential profits outweigh risk. 4. Bearish Confirmation Signs 🔴 Lower Highs & Lower Lows → Trend is shifting down. 🔴 Bearish Engulfing Candles → Strong selling pressure. 🔴 Volume Increase on Down Moves → Sellers are in control. 🔴 Retest Rejection → Confirms trendline break is valid. 5. Potential Trade Outcome ✅ Bearish Scenario (Best Case) Price continues falling towards 159.0, then 156.0. The trade follows a clean trendline break & retest pattern. Successful high RRR trade (1:3 or better). ❌ Invalidation (Worst Case) If price reclaims 163.3, the bearish setup is invalid. This could trigger a stop-loss hit or indicate a fake breakout. Adjust strategy and wait for a stronger confirmation. Final Trading Plan: ✅ Wait for confirmation before entering (trendline rejection or strong bearish candle). ✅ Manage risk properly (never risk more than 2-3% per trade). ✅ Stick to the plan and avoid emotional decisions.
Short
by aziezieam
Bearish drop?EUR/JPY is rising towards the pivot which is a pullback resistance and could drop to the 1st support. Pivot: 162.24 1st Support: 160.36 1st Resistance: 164.02 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
EURJPY Wave Analysis – 19 March 2025 - EURJPY reversed from resistance zone - Likely to fall to support level 161.00 EURJPY currency pair recently reversed down from the resistance zone between the resistance level 163.80 (which has been reversing the price from January) and the upper daily Bollinger Band. The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Shooting Star. Given the overbought daily Stochastic, EURJPY currency pair can be expected to fall to the next support level 161.00.
Short
by FxProGlobal