EURJPY - BEARISH MOVEHello Traders !
The EURJPY price failed to create a new higher high !
At the moment, The support line is broken🔥
So, I predict a bearish move📉
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TARGET: 162.635🎯
EURJPY trade ideas
EUR JPY Trade Setup Daily TimeframeEUR JPY has broken through a major resistance level, which has now turned into a support level, forming break and retest pattern on the daily timeframe.
We’ll be looking for buy entries from the retest level. to get our entry, let’s scale down to lower timeframes to identify chart patterns and candlestick confirmations.
📉🔄📈
EUR/JPY: Brief Dip Before Bullish TrendHello,
FX:EURJPY has potential to further test the daily support level, though it’s unlikely to fall below the strong 1D support at 163.129. Indicators suggest a brief decline followed by a longer-term upward trend within these levels. While confidence is mixed—with some optimistic and others cautious—overall alignment points towards a bullish outlook, with the monthly pivot point having acted as support.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
EURJPY Long Positionhello traders, this is my thought for EURJPY long position idea. im using fibo retracement method and support & resistence to make my trading plan.
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 retest buyConfluences to go long
1. weekly bullish, daily bearish(?), 4hr bearish
2. weekly retesting weekly AOI
3. retesting weekly structure point
4. retesting daily EMA
5. retestig daily AOI
6. retesting daily structuree
*NOTE: daily may be bearish with small elbow
7. retesting daily round psych
8. 4hr sharkfin at round psych/AOI
*Waiting for 4hr to create LL then shift back to bullish; wait for pullback and buy at HL
EURJPY strong bearish expectations
EUR JPY strong bullish in last periods, currently bearish expectations here.
We have strong signs of exhaustion. Which are visible in DESCENDING TRIANGL which is created in CHANNEL pattern.
Check and analysis on CHFJPY and CADJPY same bearish expxectations there
SUP zone: 166.200
RES zone: 164.300, 163.500
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
EURJPY Forming Bullish Divergence – Potential ReversalEURJPY is currently testing a strong support level and showing signs of a potential reversal.
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 BullishBias Bullish
Fundamental Analysis
ECB is going to reduce interest rate as expected. However, EUR Fundamentals datas are still bullish align with COT data. However Index shown bearish bias. ECB will aim for better job data for now. BOJ decided to hold interest rate. BOJ is expecting higher inflation and spending as rising wage occurred. Fundamental datas is presenting bearish bias. BOJ will not take any action under new datas is out.
Price Action: Price retrace back to support level. there was an rejection from Support level. It broke the H4 resistance level. As it show the continuation of bullish movement. Price expected to retest the broken resistance level. It consolidated and broke through.
Set up:
Long setup Broken resistance level of H4/H1
SL below swing low
TP last swing high of R:R 1:3
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
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.
WXY EUR/JPYSo far I'm assuming this is a wxy move elliott wave. I'm shorting here target price 160.80 or hoping for a 158.40 entry to go long
EURJPY TRADE SETUPMarket trend is bearish so we are waiting for retest the KEY level then wait for bearish momentum then take a trade for Sell otherwise skip this setup
EURJPY Broke for downside close 50% of your position (+115pips banked) and move SL to BE. TP @ 161.910
EURJPY {Bearish}Price seemed to break through heavy downwards, & with the results of the election, we could see the JPY surge. But as always, we must stay patient
EURJPY LONG 15min TIME FRAME EntryEURJPY BUY
Long Trade on EURJPY - Entry at 163.260 , Full TP at 164.200 - Fib 1.618 . STOP LOSS - 162.740 ( At the swing low) . aiming for 1:2 RR
TP1 @ 163.663
TP2 @ 164.200
EURJPY long idea EURJPY Buy
Entry at 165.918 , Full take profit at 166.966 . stop loss - 165.713 . aiming for 1:5 R
TP1 @ 166.133
TP2 @ 166.357
TP3 @ 166.961
EURJPY LongLooking to go long on EJ.
The pair has been in a decent uptrend since the beginning of October, I am expecting this to continue till around mid November.
Price of interest for a long is 163.412.
Confluences:
- Key Level
-38% Fibonacci
- Cluster of EMA's (Daily 50, 100 & 200)
SL is 1.5 times the size of the zone of interest so 45 pips
Targeting a higher high around 167.
Trade safe, and catch you later traders ▲
