EurJpy Trade IdeaJust a few hours ago I published a set up on EJ. I spoke about EJ flipping bearish at a major level of support with smaller time frames supporting the higher time frame trend. Once ej had a solid push into my direction I decided to close profits just a few pips short from my original target. Bears are still in play.
EURJPY trade ideas
EurJpy Trade IdeaEJ at the moment is respecting a major resistance level with smaller time frames flipping bearish. For that reason I've decided to short the pair for a 1:3rr! Entry for me was a retest after price broke smaller time frames bullish structures. All time frames but the weekly are in sync. If all goes well we may expect next week to be bearish with price potentially tapping back into 161.478. We'll see what happens.
Bearish drop?EUR/JPY is rising towards the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 163.78
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 164.76
Why we like it:
There is a pullback resistance level.
Take profit: 162.12
Why we like it:
There is an overlap support level.
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EUR/JPY Straight To TP After I posted the analysis signal. EUR/JPY Straightly Dropped Down to our Mentioned Level and a Heavy Profit. Whoever following us , trusting us making absolutely free money. Follow Me Here for More FOREX Trades and Follow me @wsaetos for more CRYPTO Analysis and Trades. Stay Tuned for more...
EURJPY Will Go Lower From Resistance! Sell!
Here is our detailed technical review for EURJPY.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 164.158.
Considering the today's price action, probabilities will be high to see a movement to 162.995.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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EUR/JPY Bearish Reversal Setup Double-Top RejectionThe chart indicates a potential bearish reversal setup following the rejection from a key resistance zone. The presence of bearish signals, such as the double-top formation and a break of structure (BOS), aligns with the bearish outlook on the higher timeframes (4H and 1D). The trade setup highlights multiple profit levels, emphasizing a controlled risk-to-reward strategy.
Key Observations
1. Resistance Zone: Price has been rejected at 165.304, forming a potential double-top pattern.
2. Break of Structure (BOS): A bearish signal confirming downside pressure.
3. Entry Zone: The short trade is initiated near 164.229, just below the resistance.
4. Stop-Loss: Positioned at 165.304, above the rejection zone, ensuring limited risk.
5. Take-Profit Levels:
First target: 163.955.
Second target: 163.154.
Final target: 162.080, aligning with a significant support area.
Strategic Implications
Bearish Confirmation: Watch for sustained bearish momentum below the BOS level to validate the setup.
Risk Management: Maintain a tight stop-loss at 165.304 to avoid excessive losses.
Profit Targets: Consider partial profit-taking at intermediate levels for secure gains.
This setup aligns well with the bearish structure on the higher timeframes. However, traders should remain cautious of potential reversals if the price fails to maintain momentum below the entry zone.
EURJPY Scenario 2.1.2025In this market we can see an expanding triangle that has just completed wave e now it depends where the market decides to go we still have two options one is that the price will return back to the support at the price of 164.230 where there is also 0.5 fibo from the previous wave or the price will break through and go for tp to fibo levels 0.618 or 0.786
EURJPY Bullish Trend: Key Levels, Entry Points & Targets👀 👉 The EURJPY pair has been trending bullish, which is evident on the daily timeframe. In the video, I discuss the trend, highlight key support and resistance levels where I’m considering entries, and outline my target and stop-loss levels. ⚠️ This content is for educational purposes only and does not constitute financial advice.
Bearish reversal off overlap resistance?EUR/JPY is rising towards pivot which is an overlap resistance and could reverse to the 1st support which acts as a pullback support.
Pivot: 164.97
1st Support: 162.65
1st Resistance: 166.66
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EURJPY, BOJ didn't increase the ratesEURJPY / 1D
Hello Traders, welcome back to another market breakdown.
EURJPY is showing strong bullish momentum after the BOJ's decision not to increase rates, breaking through key resistance levels and signaling a potential continuation to the upside. However, the price is making new highs for now. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the breakout zone for a more strategic entry.
If the pullback holds and buying confirms, the next leg higher could target:
First Resistance: Immediate levels formed during prior consolidation.
Stay disciplined, wait for the market to come to you, and trade with confidence!
Trade safely,
Trader Leo.
EUR/JPY Resistance with Fair Volume GapOn EUR/JPY , it's nice to see a strong sell-off from the price of 164.480. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
Fair Volume GAP (FVG) and high volume cluster are the main reasons for my decision to go short on this trade.
Happy trading,
Dale