8.48R EURJPYI think there is a good chance of this move playing out.
Probably about 40% chance of success.
EURJPY trade ideas
Eurjpy for shortPrice broke out of a bullish trendline, wait for retest and a bearish candlestick pattern.
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.
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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.
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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.
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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.
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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
EURJPYEUR/JPY has broken out of a curve formation, transitioning into a bearish triangle pattern. The structure is reinforced by the presence of multiple bearish engulfing candles, signaling strong downward momentum. This setup indicates a potential continuation of bearish pressure, with lower levels likely to be tested. Traders should watch for a breakout below the triangle's support for confirmation of the downtrend.
EURJPY- Trend line break outThe EUR/JPY breaks significant trendline support at 162.50 after a long consolidation on the strong yen. It hit an low of 162.20 and is currently trading around 162.24. The bearish intraday outlook is maintained as long as the resistance support 163.50 holds.
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.
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EUR/JPY Trading Analysis: Short Buy OpportunityThe current EUR/JPY chart indicates a potential short buy opportunity based on a well-defined trend line analysis. The pair is currently holding above a key support grid, which aligns with previous price action, confirming its strength as a critical level.
As per the analysis, the support line is unlikely to break under current market conditions, suggesting a bounce-back scenario. This setup provides a favorable entry point for short-term buying, with the trend line serving as a guide for potential upward movement.
Traders should monitor market sentiment and price action closely, ensuring the support line remains intact before executing trades. A break below this level could invalidate the analysis, signaling a need for reassessment.
EURJPY FACESS A RESISTANCE AT 164.785Price recently got resisted at 164.785 end pair which has recently developed some bullish momentum from 156.594 got resisted at 164.785 what’s the next move?
We’ve market out two levels where we’re looking forward to seeing market react. We have a support level at 159.843 And resistance at 166.539
Bullish bounce off overlap support?EUR/JPY is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance.
Pivot: 162.11
1st Support: 160.33
1st Resistance: 164.78
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EURJPY resultIt didn't reach our TP, still got some profits though. I knew it was too much to ask for due to the fact that it's new year's eve.
EURJPYEUR/JPY is respecting a key support level, demonstrating strong buyer interest at this zone. The pair is currently trading within an ascending channel, characterized by a series of higher highs and higher lows, reflecting a sustained bullish trend. Price action suggests that the pair is maintaining its upward momentum, with the channel's boundaries providing dynamic support and resistance. Traders should watch for potential breakout or reversal signals near the channel edges, as well as any confirmation of continued bullish momentum above resistance levels.
EURJPY ANALYSISAs we know, EURJPY has been on a very strong uptrend. If price breaks the lower TF supply, which I indicated as X on the chart, it's a confirmation buy and we will see more higher prices. If it drops below the trend line demand zone, expect a confirmed downtrend to start. Keep an eye 👁️ on the market because anything can happen.
EURJPY update and buy setupOn our previous analysis we were bearish on EURJPY and we waiting to place sell positions. Price respected our analysis and we were able to place sell positions which are currently running in profit. However, we are currently prepping ourselves to take buy positions to hedge our sell positions. I will keep you updated.
Still looking to short EURJPYI had the same idea last week, but the bullish move continued. My trade therefore did not trigger and I abandoned the idea. Price is now being held below the 200dma. Exercising the same caution due to low liquidity holiday period, I an looking for a short on the following basis:
Risk - 50% of your normal.
Entry - below the low of Fri candle (& below the resistance at 164.50).
Stop - above the recent high.
Target - above the next support at 155.80
If the stop gets hit before I get an entry, I will cancel the order.
This is not a trade recommendation, merely my own analysis. If you decide to trade this, you should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster.
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It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
EURJPY Upcoming sell ZoneWhen i mark up the charts i created a bearish XABCD pattern
its a bearish bat pattern.
Inbetween it's another pattern but now we wait for a sell.
Let the buyers do their thing.
Do what you need for SL & TP but
HAPPY TRADING.
POSSIBLE BUY OPPORTUNITY ON EURJPYPrice showing signs of strong momentum. We look for the pullback to take the trade.
EURJPY SELL PROJECTION EURJPY is just like GBPJPY, so EURJPY is at the highest daily demand zone and I expect price to drop and go short. Price has to break down from the trendline and then retest to the zone Nd go short
Will EUR/JPY Clear the 166 Resistance Zone? EUR/JPY daily chart shows a bullish breakout above a descending trendline, with the price now approaching the key resistance zone at 165.500–166.000.
A successful breakout above this level could push the pair higher, targeting 168.000 or beyond. However, if the resistance holds, a pullback toward the support zone at 161.500–162.000 is likely, offering potential re-entry opportunities.
EURJPY POSSIBLE BUY OPPORTUNITY!Price traded and closed at 164.173 (a high) I anticipate a bullish price action to develop away from the current price. If we’d get any form of discount to the price of 164.173 it’s gonna be a good opportunity to go long. I’d use DCA approach to buy the asset.
EUR-JPY Risky Short! Sell!
Hello,Traders!
EUR-JPY shot up sharply
But then the pair hit a
Horizontal resistance level
Of 165.045 and as we are
Already seeing a local bearish
Pullback we will be expecting
A bearish correction
Sell!
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