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EURJPY trade ideas

EUR/JPY 4H: Key Fibonacci and Volume Profile LevelsOANDA:EURJPY EUR/JPY 4H: Key Fibonacci and Volume Profile Levels Analysis: Description: The chart displays the EUR/JPY currency pair on a 4-hour timeframe. It includes several key indicators and annotations such as Break of Structure (BOS), Change of Character (ChoCH), Fibonacci retracement levels, and volume profile. The RSI indicator is also shown at the bottom of the chart. Analysis: Price Action and SMC Analysis: Break of Structure (BOS): Multiple BOS points are marked, indicating significant shifts in market structure. Change of Character (ChoCH): These points suggest potential reversals or shifts in market sentiment. Fibonacci Retracement Levels: Key levels at 0.382 (163.34288), 0.5 (162.977), 0.618 (162.59712), 0.705 (162.3222), and 0.786 (162.06624) are plotted, indicating potential support and resistance zones. Volume Profile: High volume nodes at 163.612, 163.208, and 160.897 suggest strong interest and potential areas of price reaction. RSI Analysis: The RSI is currently around 46.42, indicating a neutral to slightly bearish momentum. The RSI has previously shown oversold conditions, suggesting potential buying opportunities. Buy Strategy Entry: Consider entering a long position at the 0.618 Fibonacci level (162.59712) as it aligns with a high volume node and potential support. Take Profit 1 (TP1): 163.208 (61 pips) Take Profit 2 (TP2):: 163.612 (101 pips) Stop Loss (SL): 162.06624 (53 pips) Sell Strategy Entry: Consider entering a short position if the price breaks below the 0.786 Fibonacci level (162.06624) with confirmation. Take Profit 1 (TP1): 161.500 (56 pips) Take Profit 2 (TP2):: 160.897 (117 pips) Stop Loss (SL): 162.59712 (53 pips) VIP Signal Buy Signal: Entry: 162.59712 TP1: 163.208 (61 pips) TP2: 163.612 (101 pips) SL: 162.06624 (53 pips) Sell Signal: Entry: 162.06624 TP1: 161.500 (56 pips) TP2: 160.897 (117 pips) SL: 162.59712 (53 pips) Follow @Alexgoldhunter for more strategic ideas and minds This comprehensive analysis leverages Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave strategies to provide detailed buy and sell strategies. The Fibonacci retracement levels, volume profile, and RSI indicators highlight key areas of interest for optimal trading decisions.
by Alexgoldhunter
EURJPY Sell ForecastEURJPY New forecast👨‍💻👨‍💻 Note: Follow proper risk management rules. Never risk more then 2% of your total capital. Money management is the key of success in this business...... Set your own SL & TP. Please support this idea with a Like and COMMENT if you find it useful click "follow" on our profile if you will like these type of trading ideas delivered straight to your email in the future. Thanks for your continued support!! lemme know your thoughts in the comment sec...
Short
by King_CityStar_Fx
eurjpy on ob way to havenFrom the image, here’s a breakdown of EUR/JPY based on the visible **Order Blocks (OB)** and the ICT framework: 1. **Bullish Market Structure**: - The chart indicates a **bullish bias**, as price has been reacting to daily order blocks (d OB) and respecting them as demand zones. The structure is stepping higher, with price reaching for liquidity above. 2. **Key Order Blocks**: - **Daily OBs** (d OB) are clearly marked and have acted as support during retracements. - The **weekly OB** (w OB) at the lower levels is a significant demand area, but price is far from it, indicating a focus on higher targets. 3. **SMT Divergence**: - A divergence (SMT) is plotted on the chart, potentially signaling a reversal from the lows in line with the bullish order flow. 4. **Target Zones ("Haven")**: - The **Buy Side Liquidity (BSL)** is marked near **166.694**. Price is likely aiming for this level, which aligns with a higher timeframe objective. 5. **Expectations**: - Price could react to the nearest d OB, consolidate or pull back, and then continue its bullish trajectory toward the liquidity resting above. - A break below the most recent d OB would shift the focus to deeper retracements, potentially targeting another d OB or the w OB below.
Long
by aryan_mmxm
1
EUR/JPY "The Yuppy" Forex Market Heist Plan on Bullish🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the EUR/JPY "The Yuppy" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 Be wealthy and safe trade.💪🏆🎉 Entry 📈 : You can enter a Bull trade at any point, however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Using the 30min period, the recent / nearest low or high level. Goal 🎯: 165.000 Scalpers, take note : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release. Fundamental Outlook 📰🗞️ Based on the fundamental analysis, I would conclude that the EUR/JPY (Euro/Japanese Yen) pair is: Bullish Reasons: Interest rate differential: The European Central Bank's (ECB) interest rate (2.50%) is higher than the Bank of Japan's (BoJ) interest rate (0.10%), making the EUR more attractive to investors. Economic growth: The Eurozone's economy is expected to grow at a faster pace than Japan's, driven by the strong labor market and increasing business investment. Monetary policy: The ECB's hawkish stance and potential interest rate hikes are expected to support the EUR, while the BoJ's dovish stance and potential monetary policy easing could weaken the JPY. Trade balance: The Eurozone's trade balance is expected to remain in surplus, driven by the strong demand for European exports, which could support the EUR. Japanese economic slowdown: Japan's economy is expected to slow down, driven by the aging population and decreasing labor force, which could lead to a decline in the JPY. However, it's essential to consider the following risks: Global economic slowdown: A slowdown in global economic growth could reduce demand for the EUR and drive down prices. Eurozone debt crisis: The Eurozone's debt crisis could resurface, potentially weakening the EUR and driving down prices. Trade tensions: Escalating trade tensions between the Eurozone and other countries could negatively impact the EUR and drive down prices. Bullish Scenario: Interest rate differential, economic growth, and monetary policy support the EUR Japanese economic slowdown and trade balance support the bullish case Key Fundamental Indicators: Eurozone GDP growth: 1.5% (2023 estimate) Japan GDP growth: 0.5% (2023 estimate) ECB interest rate: 2.50% BoJ interest rate: 0.10% Eurozone trade balance: €20 billion (2023 estimate) Japan trade balance: ¥500 billion (2023 estimate) Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan. Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🫂
Long
by Thief_Trader
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. Enjoying your TradingView experience? Review us! 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.
Short
by VantageMarkets
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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
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.
Short
by wolfchemist
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 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets