EURJPY What Next? SELL!
My dear followers,
This is my opinion on the EURJPY next move:
The asset is approaching an important pivot point 161.26
Bias - Bearish
Safe Stop Loss - 162.54
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 159.06
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
EURJPY trade ideas
EurJpy- Swing idea- Where to sell for 1k+ pips and 1:4 R:R?EUR/JPY traded within a nearly perfect ascending channel from March 2022 to July 2024. This channel, a hallmark of the pair's bullish momentum, was decisively broken to the downside in the beginning of August.
After hitting an all-time high of 175 during the summer, the pair reversed sharply, dropping 2,000 pips and breaking below the channel's long-term support.
The 155-156 zone has since acted as a strong floor, leading to two significant bounces. However, each reversal has failed to breach the old channel support, now turned resistance.
Currently, the pair is in its third bounce from support zone
This time, it is likely to form a lower high compared to previous attempt. I’m eyeing a potential sell opportunity near the 162 zone, offering a compelling 1:4 risk-reward ratio and the potential for a move exceeding 1,000 pips, aligning with the broader bearish outlook.
TradeCityPro EURJPY Analysis Key Opportunities Ahead👋 Welcome to TradeCityPro Channel!
Let’s move beyond crypto and analyze the popular EUR/JPY currency pair from both fundamental and technical perspectives, preparing for potential triggers in the days ahead.
🌍 Fundamental Overview
Monetary Policy: The ECB’s hawkish stance strengthens the Euro, while the BoJ’s dovish policies weaken the Yen.
Economic Data: Eurozone GDP and inflation drive the Euro, while Japan's industrial performance and exports influence the Yen.
Risk Sentiment: The Yen gains during risk-off scenarios as a safe haven, while the Euro thrives on Eurozone stability.
Geopolitical Events: The Euro reacts to EU political shifts, while the Yen benefits from global tensions, such as those in the Middle East.
Yield Differentials: Higher bond yields in the Eurozone compared to Japan attract capital flows to the Euro.
Current dynamics show the Euro is stronger, but shifts in risk sentiment or changes in BoJ policy could favor the Yen.
🕒 4-Hour Time Frame
On the 4-hour timeframe, we’ve seen price rejection from the 166.63 resistance level, followed by a downward move. After breaking the descending trendline, the price retraced to the 50% Fibonacci level, creating potential setups:
📈 Long Position Trigger
After breaking the 159.849 level and Fibonacci resistance, a long entry is viable, targeting 162.104. An RSI breakout into overbought territory could add momentum.
📉 Short Position Trigger
If rejected at resistance and breaking below 159.331, a short position is possible, targeting 157.80 or the significant support at 155.119.
Stay alert for confirmations to act on these scenarios.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
EURJPY may be setting up for a range and a dropThere is obviously no guarantee that EURJPY will do exactly this. However, that is the wrong way to view this. It isn't whether it does what we want it to do. Rather, we observe and see what comes next. AND if what comes next develops as we theorize, then that confirms our reading of the chart, in which case, get ready for a nice short.
EurJpy Trade IdeaWith EJ flipping structures after respecting a major support level below I've decided to take some longs. I'm personally looking for a 1:3rr on this set up. I've decided to do half risk with the holidays approaching and the new year being around the corner. We'll see how the set up plays out with bullish structures being in play.
Simple AMD concept played out.Note that this is a bullish AMD, but the model can also appear in a bearish form.
What is important to remember is that the accumulation phase often lasts the longest as we can see the H1 tf of EurJpy. The manipulation phase is usually relatively short, and liquidity is almost always removed at the button especially with spikes common with JPY pairs. The distribution phase is characterized by a rapid and forceful movement, where support and resistance levels are largely ignored.
Pay Attention to Details - (PAD)...GraCex
Daily EURJPY analysisDaily EURJPY analysis
A long position with the target and stop loss as shown in the chart
The trend is up, we may see more upside
All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments.
He gave a signal from the strongest areas of entry, special recommendations, with a success rate of 95%, for any inquiry or request for analysis, contact me
EUR/JPY 1H Timeframe AnalysisNZD/JPY Signal Type: Buy Stop
Entry: 88.020
Stop Loss: 87.480
Take Profit: 89.840
Risk: 1%
Trend Overview:
Currently, on the 1-hour timeframe, EUR/JPY is in a short-term downtrend.
The price initially broke through the minor key support level at 158.000, continuing to the downside.
However, sellers lost momentum as the price reached the next key minor support level, signaling a weakening of the downtrend.
Price Action Expectation:
At the next support zone, a double top-bottom pattern developed, followed by a bullish engulfing candle, indicating a potential price reversal from bearish to bullish.
The price then broke through key resistance and established higher highs and higher lows, suggesting a shift in market structure.
This price movement indicates the beginning of a Change of Character (CHoC), where the market changes its trend from bearish to bullish.
The price is now accumulating buying orders, signaling a period of consolidation before a possible breakout.
Liquidity Grab / Manipulation Stage:
As part of the liquidity grab or manipulation stage, the price is expected to break below the current support level temporarily.
This break could trigger stop-losses from earlier buyers, who may have entered too soon, before price moves back in the bullish direction.
Once the price retests the support zone and breaks back above it, the uptrend should resume.
Bearish reversal off 50% Fibonacci resistance?EUR/JPY is rising towards the resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 160.40
Why we like it:
There is an overlap resistance level that lines up with the 50% Fibonacci retraecment.
Stop loss: 161.95
Why we like it:
There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement.
Take profit: 157.93
Why we like it:
There is an overlap support level.
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Heading into 50% Fibonacci resistance?EUR/JPY is rising towards the pivot and could reverse to the 1st support which acts as an overlap support.
Pivot: 160.59
1st Support: 157.98
1st Resistance: 162.16
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EURJPY setting up for a shortWatch for that support area as indicated by the trendline. This thing likely is breaking to the down side.
Chart pattern shows that setup will have a somewhat chance of playing out this way, with a few bounces off the support and then breaking, as liquidity floods in later in the london/NY session