BUY EURJPYGood morning traders,
I'm sharing with you this trade you can take on EURJPY with the same TP/SL as mine.
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EURJPY trade ideas
EUJPY, lookin further up for more gains, +500 pip prospect.EURJPY, after hittin recent highs of 166.6, a trim-down followed after -- corrected significantly back to demand zone touching 78.6 fib levels.
Now, based on recent price behavior this pair is preppin for another round to the upside soon.
Net buyers has started accumulating already based on daily data metrics. The healthy correction just warranted a very clean setup for another ascend.
Spotted at 164.0
Interim target set at 170.0
TAYOR.
Sunday break down Possible opportunities I am anticipating for the coming week from DXY to one of my favorite on the watch CADJPY and a lesson towards the end for someone struggling to get away from the charts or improve on there mental frame work and procrastination.
EURJPY- TREND REVERSAL - DIVERGENCE | DOUBLE BOTTOM Bullish Indicator
1- Bullish Divergence
2- Formation of Double Bottom
BUY EURJPYEURJPY buy now at 163.67 to 164.8. Price seems to be forming a bearish flag pattern. Lets place our buys here and hold towards the resistance.
EURJPY BREAK ITS LAST HIGHER LOW (REVERSAL)EURJPY printing Bearish Divergence and also break its last higher low which indicate reversal i will take entry at 164.768 which 0.50% of fib level and stop loss 166.225 which last higher high
Heading into 50% Fibonacci resistance?EUR/JPY is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 164.90
Why we like it:
There is an overlap resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 166.21
Why we like it:
There is a pullback resistance level.
Take profit: 163.58
Why we like it:
There is an overlap support level.
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EURJPY bullish ideaA bounce of a major support. On daily there is W pattern. On H4 a fibo retracement 61.8.
Good luck!
EURJPY PROJECTION EURJPY as you can see in the daily TF , has gotten a breakout and we see price retest to the zone , and we go short
EUR/JPY H12 AnalysisAfter testing and rejecting 162 several times over October, price finally closed below the level during the 3rd week of November.
In the new week, there is potential for price to either retest and reject the level for potential short trades or we may see a retest and continuation upwards if the move lower was a false break
Either way, a retest should give opportunities to trade, if your strategy rules are agreed to.
#010 DCA EURJPY ShortI think I could maximise my margin and potential by entering on another trade that is not correlated (or at least doesn't have any currency that I have already opened with this DCA method.).
Besides taking trades on a pullback, I think I could also maximise the markets 50 50 potential by entering trades on its push wave aka Impulse Wave. Pull wave being Pullback or retracement.
So, here's the plan. I enter on a push for 100 units (0.001 lot / 1 cent SGD) and if price hits my TP, all is good. If price pulls back, and goes into a drawdown, I would enter on the pull wave for 100 units also.
If I enter on both push and pull waves, I have the option to exit on the 1st trade's breakeven, which equates to my 2nd trade taking profit which means I make money on EURJPY.
If I go into a further drawdown, and enter on my 3rd or subsequent positions, I would look to exit at the middle point of all the open positions. The middle point would provide me an opportunity to exit for a breakeven on all my positions. I would also still continue to risk 100 units on all other positions.
I have the option to enter on a bigger lot size, so that I could compensate for all the losses quicker and not have to wait for price to hit the middle point before I could breakeven. But that has its risk.
I could also enter on a bigger lot size and hope to get out for a small profit, but that is even riskier.
I would hope to enter and exit as soon as possible to minimise the stress I have to handle.
2008SGT 22112024
EURJPY Dipped from 165 amid a fall in the STOXX 50EUR/JPY could drop to the 50% Fibonacci level at 160.9, extending its October downtrend if it breaks below the immediate 161.9 support.
Article: fxnews.me
EURJPY SHORT: PMI Data came out lower than expectedEuro slumps to near two-year low as PMI data disappoints.
Eurozone November flash services PMI 49.2 vs 51.6 expected
Trade happened to fast to post beforehand.
EUR/JPY ShortAfter a long time, I am placing a short trade on EUR/JPY. This is a short position where I’m risking about 5% of my account size on this setup.
The key level I’ve been watching for quite some time is the supply-demand zone at **166.79**, which has been consistently pushing the market towards a sell.
Now, there are two possible scenarios:
1. The market could experience a significant downturn, dropping sharply.
2. Alternatively, the market might enter a sideways zone.
If the market moves sideways, I anticipate it could range between **166.79** and **153.94**. Either way, whether the market sees a sharp decline or consolidates sideways, this setup is designed to remain profitable.
Thank you, everyone! That’s my take on this pair and setup for now.
**Date:** 21/11/2024
EurJpy Trade IdeaWith EJ coming back down into a daily resistance I decided to short the pair after the retest. Longs ended up stopping me out in profit on the last trade I executed on EJ. With EJ bullish structures being over on both high and lower time frames we could expect price to tap back into 162.3. For now I'm personally targeting a 1:4rr to end my week. We'll see what happens.
EURJPY LONGI look to go long on this pair as higher TF are still very much active on the buy side. Good entry from anywhere around the current price will do with sl below the H1 formation. Fingers crossed
EUR/JPY BearishAs you can see, price had tested on level $155.55 twice. it seems going to form double bottom and it did break the neck zone and retest on $163.8 price. It seems perfect trade for LONG entry.
However, the market is losing its steam and bear step in. It gives us 2 strong bear candles closes.
SL @ 165.35
Entry SHORT @ 163.15
TP1 @ 158.70
TP2 @ 155.55
EurJpy Trade IdeaI sent out EJ shorts last night and stated how price had flipped bearish on higher time frames before crashing back below the daily resistance. I spoke about price potentially tapping back into the daily low at 162.3. Price ended up playing out beautifully with targets hitting for a 1:3rr. I'm still overall bearish on this pair. Looking to see what happens when price reacts to 163. We can either respect the pullback and go short or range between 162.3 and the daily resistance.
EURJPYHello Traders,
Here is my analysis for this pair. Please feel free to leave any questions or comments below. I'm happy to engage with you!
The entry will only be considered once all your trading rules are satisfied. I recommend adding this pair to your watchlist and monitoring it closely. If the conditions of your strategy align, then it could present a potential opportunity.
Pro Tip:
One of the best ways to improve your trading is by learning from others. Whether it's predictions, market analysis, or trade set-ups based on clear market conditions, studying ideas will help enhance your skills and refine your strategies.
Good luck and happy trading!
