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EURJPY trade ideas

EURJPY-NEUTRAL SELL 4-hourly chart Heinkin AshiThe pair has moved opposite direction than expected. Currently, the pair's latest candle shows uncertainty, and we either have a continuation trend, if further small body candles appear, or we correct little, which will have maximum 167.80 potential. The downside looks more certain, based on the break of support and holding the GANN resistance well. Strategy SELL @ 165.90-166.30 and place SL @ 166.85 only. Profit order @ 163.50 for now.
by peterbokma
EUR/JPY May Rise#trading_idea 💡 💸Pay Attention to #EURJPY ! On the 1H chart, you can see an Ascending Flag pattern forming. The Stochastic is in the overbought zone, yet still suggests potential upward movement. Meanwhile, the price trading above the MA(20) also bodes well for further growth. 🔼 If the price stays above key level 167.579, a rise towards resistance 168.035 or 168.623 is possible. 🔽Overwise the price may slide to support at 167.167. ✔️ Click "👍" if you think the price will rise and "👎" if you think it will slide.
Long
by sabiotrade
EURJPY TRADE IDEAHey Traders, Here's a detailed look at my EURJPY setup on the 15-minute chart. Market Context: The pair has been moving sideways after a significant drop, suggesting potential accumulation before another move. Key Levels: Resistance Zone: 167.234 - This is a critical resistance level where the price has previously turned down. Support Zone: 166.362 - This marks the low of the recent consolidation area, providing a solid base for potential long entries. Volume Analysis: Notice the spike in volume around 03:00, indicating strong participation and interest at these price levels. The subsequent candles show a decrease in volume, suggesting that the aggressive selling might be slowing down. Trade Setup: Entry: I am looking for a long entry around 166.362, the bottom of the consolidation zone. This area also coincides with a demand zone (highlighted in grey). Stop Loss: Below the demand zone, around 166.293. This gives a tight stop to manage risk effectively. Take Profit: The initial target is set at the resistance zone of 167.234, aligning with the previous high. This gives a good risk-reward ratio. Rationale: The market structure shows a potential reversal pattern forming, with the price respecting the demand zone. The volume profile supports the idea of accumulation at these levels. The risk-reward ratio is favorable, making this a high-probability setup. I'll be monitoring the price action closely to see if it aligns with my expectations. Always remember to manage your risk and trade responsibly. Happy Trading!
Long
by KaizenOnCharts
EURJPY - buy to sell setup?There is some glitch and previous 2 posts shall be deleted as soon as possible. Okay, onto the EJ - As price finally dropped down to the daily buy zone, while breaking the structures with a big drop and creating it's own ITR, I am bearish on EJ but before that I am looking for buys prior to sells. That would make sense, knowing that liquidity can come into the market from higher buy/sell zones and price is increasing from the daily buy zone. Lets's watch it closely as the setup seems great!
Long
by Tilen_FX