EURJPY Looong!Following the breakout at the 0.5 fib level, as analysed in the previous post, it retested and the bullish momentum continued.
My entry point is at 171.9, target is at 174.4 and SL at 171.1
My R:R target is 1:3
EURJPY trade ideas
EURJPY at Fibonacci 0.618Overall, the price is in a bearish trend. We anticipate that there is still potential for the price to decline further.
TP: 169.905 (+2)
SL: 172.155 (75 pips)
EURJPY WEEKLY After seeing a rejection of the 170.000 last week and the weekly closing really bearish we could expect the selling momentum to continue
Market Overview Part 28Trade Lord Going Over The Robin Trap Strategy On How And When To Get In A Trade And Live Examples
EURJPY Will Continue Its Upward TrendEURJPY has reached the weekly fair value gap. The price grabbed the liquidity in the 4-hour timeframe and showed signs of reversal.
On Friday, the price moved back into the 4-hour order block and surpassed the low of the 2-hour candle range before closing back in the range. This has established a new bullish order block and there is potential for it to trigger a move to surpass the high of the 2-hour candle range.
EURJPY 170 BreakEURJPY at 170 is a Key Level and Decision Point for Price Action.
We can see the last major Swing High was on 15th November 2023 at 164.20 , and Swing Low
recorded on 7th December 2023 at 153.
Since then price has rallied in an ascending channel to 175.50. The supporting trendline has
been tested on multiple occasions, the 6th being last Thursday testing 170.
Bullish Case
1. MAV - both the 100 and 200 averages are trending up, with wide separation.
2. Trendline - has not been broken.
3. Sentiment - most retail traders are short (70+ %).
Bearish Case
1. Price - has moved up 22 points without a major correction to a major swing low. All pullbacks have been 4 points.
2. RSI - has moved below 50
3. Candlestick - in prior impulses the second day off the trendline has been a bullish candlestick. The last candle printed on Fri 19th was indecision.
The question then lies in , will 170 hold for this pair.
going for a long after confirmationcurrently 171.4 going for a long, looking at 175.2 but waiting for a confirmation when market opens.
Is it time to sell EURJPY?!?Hello traders, I hope you're having a wonderful week this is LINKHIVE!! Lets dive deep into this trade.
EUR has been bullish for quite a while now but after that that deep pullback I think EUR is going to fall. I don't trade any fundamentals but I do look at almost all Forex pairs and EUR is looking bearish ( also it's great friend GBP is looking quite bearish)
Diving deep into the 2H we can see that beautiful round number at 172.000 . If you pay attention to the price action around that number you will see that we struggled to close below it but now that we closed below it we are now retesting with a flag.
I've already shown you the higher tf and we all know that EURJPY is in a downtrend but for me to enter this trade I will wait for the breakout as indicated with the blue arrow.
*Indicators*
I have a few indicators that I use but for this trade the macD is good. I use default settings.
A drop in momentum and divergence further validates our trades.
Possible trade idea for EUR/JPYWhen we look at the chart we can see that the price is slowely moving back up and that we are forming some sort of rising wedge.
What I want to do now is trade here and see if the wedge becomes valid. At this point it is not a valid wedge for me so I would be trading this with very little risk. Just to see the price move and see what is happening.
Trade idea for EUR/JPYWhen we look at the chart we can see that the price is havind some trouble breaking a resistance zone. What I want to do now is trade and see it we could go short here.
We do need to look for the price to first go back to the zone and then trade it of to the past low.
This trade would be very low for me because there are some indicators that tell me that the price is not going to have a lot of trouble braking the zone.
But let's have some fun and trade it.
EURJPY Will Go Higher! Buy!
Take a look at our analysis for EURJPY.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 171.611.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 172.674 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
EUR/ JPYThe Pair in an ascending channel and it has broken some form of resistance on the 2hrs time frame , it is correcting on the lower time frame for a possible short entry .
EURJPY ANALYSISAfter seeing EURJPY make a retracement after forming a LL on the 4hr we could still see potential move to the downside before the week closes
EURJPY good for buyforming head and shoulser pattern and testing its neckline and made a bullish engulfing in 1hr , it will gave a good move
EURJPY - Bullish TrendEURJPY has started making higher high & higher lows.
Before moving in advancing phase, price has formed bullish divergence & Inverse head & shoulders pattern.
This further indicates buyers are in control.
EUR-JPY Bullish Bias! Buy!
Hello,Traders!
EUR-JPY is trading in an
Uptrend and the pair is
Making a rebound from
The rising support so
We are bullish biased
And we will be expecting
A further move up
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
EUR/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
We are targeting the 172.379 level area with our short trade on EUR/JPY which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
✅LIKE AND COMMENT MY IDEAS✅
EURJPY - Bullish Continuation - Daily Fib 0.618 - 0.786 OANDA:EURJPY is looking set to continue the bullish trend on daily timeframe after retracing between Daily 0.618 - 0.786 fib levels. Price is also currently trading at support trend line! Expecting the bullish trend to continue!
EURJPYEURJPY is in bearish trend, as price making lower low and higher lows, there is a divergence on RSI, retracement is possible, trade plan mentioned on the chart.
EURJPY Shooort!This price has been on its bearish momentum since it hit its ATH at 175. Considering that I use chart patterns to trade, I will use a fibo chart to analyse the events going on in there, since the movement has been too volatile and the trends are too steep to make any chart pattern.
Let us wait for the price to hit the 0.5 fibo area, and we can make an entry position from there, based on the candle stick that will close on that area.
EUR/JPY BUY NOWAs you can see the price allready is on the same dynamic support again and the price have reacted to that more than 5 times for a long time, looking for buys for the day traders like me looking for a 1:2 RR and so secure of this position begining of how the market looks in the way the past reactions ocurred in th kind of same way.
Bearish drop?EUR/JPY is rising towards the resistance level which is a pullback resistance that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 172.01
Why we like it:
There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 173.15
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Take profit: 170.30
Why we like it:
There is an overlap support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
