EURJPY ANALYSISAfter seeing a massive drop on EURJPY yesterday we could expect the momentum to continue but a slight pull back to broken areas of support for that confirmation would be wise
EURJPY trade ideas
EUR JPY BUYCurrently long on the bullish price action at the significant level marked on the chart. You can see resistance is now acting at support at a 50% retracement level.
Sell EURJPYprice already broke the trendline and is heading downwards, it's currently oversold on the support so i expect the support to hold for a while before price breaks the support and then we'll have a clear sell signal
EURJPY ANALYSIS After seeing EURJPY retracement from yesterday, we could see a sell off into 170.000 as the weekly has seen rejections at that area before
Is EURJPY going to turn around? the week of 22 July, 2024Many of us never realized that the current bull run in this pair began more than 4 years ago. Is anything going to change soon? I don’t think so, not until the recent low at 167.520 is convincingly taken out.
At this time, my bias is therefore bullish and I am only looking for the conclusion of the current pullback. Once that is established, I will be looking to take an entry long. Price is finding support at the 50ema and Ichimoku holds a bullish view as well.
This is not a trade recommendation, it is just my analysis.
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 if/when you trade.
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EURJPY - Potential long !!Hello traders!
‼️ This is my perspective on EURJPY.
Technical analysis: We are bullish and price rejected from trendline + LZ, as well we have hidden divergence. On H4 we have regular divergence, so I wait price to break the structure for a long position.
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Eurjpy Bullish reversal The Bulls injected more Buy orders @170.342 to Fuel the price back again on its bullish trajectory making that zone a valid demand order block as the price ran through that zone making it a valid order block so currently taking 1st on supply order block @172.386 this Tp is for moderate traders for aggressive traders we can expect a slight reversal.
EURJPY: Long Signal Explained
EURJPY
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy EURJPY
Entry Level - 170.66
Sl - 169.46
Tp - 172.75
Our Risk - 1%
Start protection of your profits from lower levels
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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 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.
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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
