EURJPY trade ideas
EUR_JPY LOCAL SHORT|
✅EUR_JPY is going up to retest a horizontal resistance of 165.000
Which makes me locally bearish biased
And I think that we will see a pullback
And a move down from the level
Towards the target below at 163.211
SHORT🔥
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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.
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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.
EURJPY Scenario 2.1.2025In this market we can see an expanding triangle that has just completed wave e now it depends where the market decides to go we still have two options one is that the price will return back to the support at the price of 164.230 where there is also 0.5 fibo from the previous wave or the price will break through and go for tp to fibo levels 0.618 or 0.786
EURJPY Bullish Trend: Key Levels, Entry Points & Targets👀 👉 The EURJPY pair has been trending bullish, which is evident on the daily timeframe. In the video, I discuss the trend, highlight key support and resistance levels where I’m considering entries, and outline my target and stop-loss levels. ⚠️ This content is for educational purposes only and does not constitute financial advice.
Short buddy!!!My price action
My macd
My divergence
All three of my confluences have been met. I have a short bias on this pair.
161.00 is my target area by this week’s market close.
Trade safely my friends
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
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POSSIBLE BUY OPPORTUNITY ON EURJPYPrice showing signs of strong momentum. We look for the pullback to take the trade.
EUR-JPY Resistance Ahead! Sell!
Hello,Traders!
EUR-JPY keeps growing
Locally but a strong horizontal
Resistance is ahead at 165.000
So after the retest we will
Be expecting a local
Bearish pullback
Sell!
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Check out other forecasts below too!
EURJPY SELL PROJECTION Price refuse to continuously go short from our previous analysis. So now I really expect price to go short due to the effect strong supply zone for sell.
EURJPY LOOKS SOME BULLISH FOR A DAY QUICK IN AND OUTHi people
EURJPY Looks bullish for short while . So that probably bring some QUICK Buy opportunity
So Quick in And Out important . As there is some Sellers there too..
Best of luck
EURJPY, BOJ didn't increase the ratesEURJPY / 1D
Hello Traders, welcome back to another market breakdown.
EURJPY is showing strong bullish momentum after the BOJ's decision not to increase rates, breaking through key resistance levels and signaling a potential continuation to the upside. However, the price is making new highs for now. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the breakout zone for a more strategic entry.
If the pullback holds and buying confirms, the next leg higher could target:
First Resistance: Immediate levels formed during prior consolidation.
Stay disciplined, wait for the market to come to you, and trade with confidence!
Trade safely,
Trader Leo.
EURJPY - BEARISH SETUPAll indications point to a sell on this pair. There is a possibility of retest of the top before proper sell is resumed but best to look for sell setup.
EUR/JPY Resistance with Fair Volume GapOn EUR/JPY , it's nice to see a strong sell-off from the price of 164.480. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
Fair Volume GAP (FVG) and high volume cluster are the main reasons for my decision to go short on this trade.
Happy trading,
Dale
[EURJPY] Starting to build a swing positionThis entry will be the first of a 2 positions short on this forex devise. For now it's mostly the feeler here and will enter heavy later when we start to see a reversal confirmation, for now it's too much frontrunning the short.
Great Trade !
EUR/JPY: A Buy Opportunity UnfoldingI'm excited to share my outlook on the EURJPY currency pair. Based on the latest insights from our EASY Trading AI strategy, I'm bullish on this pair and recommend a buy at an entry price of 162.14.
Currently, several factors indicate a positive movement in the EURJPY. Firstly, the prevailing market sentiment leans towards a stronger Euro amid ongoing economic recovery signs in the Eurozone, alongside Japan’s continued monetary easing policy. This combination typically supports upward price pressure.
With a target take profit set at 162.431, there’s a compelling risk-to-reward ratio in play, especially with a stop loss strategically placed at 161.615. This setup grants us a safeguard while enabling participation in the anticipated upward movement.
The performance data from our recent analysis shows a robust winning rate of 77.75% for this strategy, which reinforces the validity of entering this trade.
For those looking for a hands-off approach, consider utilizing our automated trading robots that leverage the same EASY Trading AI framework. More insights and resources can be found on our website to help you maximize your trading potential. Remember, successful trading requires discipline and a well-informed strategy. Happy trading!
EURJPY H4 | Bearish Drop?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 163.51, which is an overlap resistance close to a 61.8% Fibonacci retracement.
Our take profit will be at 162.12, a pullback support level.
The stop loss will be at 164.25, a pullback resistance level.
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EURJPY Buy setup updatePreviously on EURJPY, we prepping ourselves to take buy positions to hedge our sell positions. Price did in turn reach our area of interest where we were able to take long positions and now we are seeing that beautiful push to the upside.
EurJpy Trade IdeaEJ is still overall bullish even with price tapping into a resistance level. Bullish structures are still solid here on all time frames. I'm personally looking for smaller times to flip and remain bullish first before looking to enter any longs on this pair. I'll be looking for a 1:3rr if all goes well!
EURJPY Short on Regression BreakEURJPY has broken the uptrend over the holiday period.
May need more time to develop a trend as volumes will return today.
