eurjpy analysis ellio. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
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EURJPY trade ideas
EUR/JPY H4 | Falling to a multi-swing-low supportEUR/JPY is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 160.93 which is a multi-swing-low support.
Stop loss is at 159.90 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement.
Take profit is at 164.00 which is a swing-high resistance.
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eurjpy sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EURJPY Look For ThisOur analysis is based on multi-timeframe top-down analysis & fundamental analysis.
Based on our view the price will rise to the monthly level.
DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you.
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Short - EUR/JPYGiven the structure that has been formed in the 4 hour timeframe. We can see that there is CHOCH within the structure. This could indicate us that there is potential for the price to move downwards. Currently the price has just touched the first reversal point of the fibonacci retracement it has yet to touch the 2nd reversal point. I would not rush my entry as there are still potential for the price to climb up to the medium risk and low risk zone.
EURJPY - Buy Trade SetupIf risk-on sentiment prevails, I expect to see further upside with EURJPY towards the 165 handle. Should technicals breaks back below the most recent bullish breakout, I most likely will lose confidence confidence and trim my lose. For now, I'm bullish ~ Know thy self
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~Michael Harding
EUR/JPY Daily AnalysisAfter printing a double bottom circa 155.50 in February, price has seen a steady move to the upside.
Price appears to be currently correcting.
Look for a break to the upside and a potential long trade (if it meets your strategy rules) into 164.50 which was resistance in December 2024.
EUR/JPY Breakdown: Falling Wedge Breakout & Bullish SetupThe EUR/JPY 4-hour chart is presenting a well-structured price action setup, featuring a falling wedge breakout, a strong bullish trendline, and key resistance and support levels. This detailed analysis will walk through each aspect of the chart to provide a professional trading perspective.
1. Market Context & Price Action Overview
At the beginning of the chart, EUR/JPY was experiencing a downtrend, characterized by a series of lower highs and lower lows, forming a falling wedge pattern. This pattern is typically a bullish reversal signal, indicating that sellers are losing strength and buyers may take control.
Once the price reached a key support zone near 156.08, it bounced, leading to a breakout of the falling wedge. Since the breakout, the price has been moving in a bullish trend, forming higher highs and higher lows, respecting an ascending trendline.
2. Technical Patterns & Key Levels
๐น Falling Wedge Pattern โ Bullish Breakout
The falling wedge is identified by two converging trendlines sloping downward.
It indicates that bearish momentum is weakening as price compresses.
A breakout above the upper wedge line confirmed the shift in trend direction.
The breakout candle had strong bullish momentum, suggesting increased buyer interest.
๐น Support and Resistance Levels
๐ Major Support Level (~156.08):
This level acted as a demand zone, where buyers aggressively stepped in.
The price formed multiple rejections at this level before breaking upwards.
A stop-loss placement below this level is ideal for bullish trades.
๐ Resistance Level (~163.50 - 164.00):
This zone has been tested multiple times as price approaches from below.
A break and retest of this resistance would confirm further bullish momentum.
If price faces strong rejection, a short-term pullback to the trendline may occur.
๐ฏ Final Target (~166.79):
This is the next major resistance level, aligning with previous swing highs.
It serves as a strong take-profit (TP) level for long positions.
If price reaches this level, we may see a consolidation phase or possible reversal.
3. Trend Analysis & Market Structure
๐ Bullish Trendline:
The price has been respecting an ascending trendline, acting as dynamic support.
This trendline connects higher lows, confirming a strong bullish trend.
As long as price stays above this line, buyers remain in control.
๐ Market Structure:
Since breaking out from the falling wedge, the price is forming a classic bullish structure of higher highs and higher lows.
This indicates sustained buyer pressure and a potential continuation toward resistance levels.
4. Trading Setup & Risk Management
๐ Entry Strategy:
Aggressive Entry: After the wedge breakout with a tight stop-loss.
Conservative Entry: Wait for a pullback to the trendline support or a break and retest of resistance at 163.50 - 164.00.
๐ป Stop Loss Placement:
Below 156.08 (previous support zone) to protect against trend invalidation.
Alternatively, below the rising trendline for a dynamic SL approach.
๐ฏ Take Profit Targets:
TP1: 163.50 - 164.00 resistance zone (Partial profits).
TP2: 166.79 final target, aligning with historical resistance.
5. Market Outlook & Potential Scenarios
โ
Bullish Scenario (High Probability)
If price holds above the trendline and breaks 163.50 - 164.00, we expect a continuation towards 166.79.
The structure remains intact as long as higher highs and higher lows persist.
โ Bearish Scenario (Low Probability, but Possible)
If price fails at resistance and breaks below the trendline, it could signal a deeper retracement.
A break below 156.08 would completely invalidate the bullish setup, leading to a potential downtrend.
6. Summary & Key Takeaways
Trend Bias: Bullish, supported by a falling wedge breakout and higher highs.
Key Levels: Support at 156.08, resistance at 163.50 - 164.00, final target at 166.79.
Trading Strategy: Buy on retests of trendline or resistance breakouts.
Risk Management: Use dynamic stop-loss levels to minimize downside exposure.
๐น Final Verdict:
If price remains above support and successfully breaks 163.50 - 164.00, a strong move toward 166.79 is expected. However, traders should remain cautious of trendline breakdowns and manage risk accordingly.
๐ Stay disciplined, follow your trading plan, and always use stop-loss protection! ๐ #EURJPY #Forex #TradingStrategy #PriceAction
USDJPY BUY๐ EUR/JPY - Order Block & Break of Structure (BOS) Strategy ๐
Tracking EUR/JPY on the 15-minute timeframe, we see a potential bullish setup based on order blocks (OBs) and smart money concepts (SMC). However, confirmation via Break of Structure (BOS) on lower timeframes will be key before entering a trade.
Key Zones:
Bullish Order Block (Demand Zone): 161.000 - 160.700
Expecting price to drop into this area, where institutions previously showed strong buying pressure.
Looking for BOS on lower timeframes (M5/M1) to confirm bullish intent before entering a buy position.
Bearish Order Block (Supply Zone): 163.500 - 163.700
A strong resistance level where price previously sold off.
If price reaches this area, we could see a reaction or potential reversal.
Trade Plan:
๐ Wait for price to enter the demand zone (161.000 - 160.700).
๐ Look for a Break of Structure (BOS) on lower timeframes (M5/M1) to confirm bullish reversal.
โ
Enter a long position upon confirmation.
๐ฏ Targeting the supply zone at 163.500 - 163.700.
โ ๏ธ Stop-loss below 160.700 to manage risk.
Short - EUR/JPYCurrently price has entered the medium risk zone. Price has shown signs of rejections in the smaller timeframe. This should be additional confluence for me to participate in the market as there is a potential CHOCH in the smaller timeframe.
In this trade I am only participating base on market structure and fibonacci retracement
EUR/JPY NEXT MOVESell after bearish candle stick pattern, buy after bullish candle stick pattern....
Best bullish pattern , engulfing candle or green hammer
Best bearish pattern , engulfing candle or red shooting star
NOTE: IF YOU CAN'T SEE ANY OF TOP PATTERN IN THE ZONE DO NOT ENTER
Stop lost before pattern
R/R %1/%3
Trade in 5 Min Timeframe, use signals for scalping
EUR/JPY Analysis Using Elliott WaveCurrent Market Structure & Elliott Wave Count
Wave 3 Completed near 163.800 (Key Resistance)
Wave 4 Correction in Progress targeting 161.200 - 160.800
Potential Wave 5 Expansion toward 164.400+
Bullish Scenario (Wave 4 Completion & Wave 5 Start)
๐ Long Entry:
Buy at: 161.200 - 160.800
Stop Loss (SL): 160.500
Take Profit (TP1): 162.200
Take Profit (TP2): 163.800
Take Profit (TP3): 164.400
๐ฏ Probability: 75% (If price finds support above 161.200)
Bearish Scenario (Wave 4 Deeper Correction or Reversal)
๐ Short Entry:
Sell at: 163.800 - 164.400 (Wave 3 High Rejection)
Stop Loss (SL): 164.700
Take Profit (TP1): 162.800
Take Profit (TP2): 161.600
Take Profit (TP3): 160.800
๐ฏ Probability: 70% (If price rejects 163.800 resistance)
Final Thoughts & Risk Management
โ
Bias: Bullish above 161.200, Bearish below 160.800
โ
Risk/Reward Ratio: 1:3 for Both Scenarios
โ
Volatility Factor: Watch JPY Strength & Euro News Impact
EURJPY - Double Bottom Breakout & RetestIn today's video we're looking at a secondary opportunity to enter a double bottom.
A double bottom is a classic price action pattern where tests & holds a level twice before reversing in the opposite direction calling for the end of the trend.
In this opportunity, price has confirmed the double bottom by breaking and closing above the peak & now we're looking at a secondary opportunity to get involved by breakout and/or pullback.
If you have any questions or comments please leave them below and I wish you guys an excellent week of trading.
Akil
EURJPY NEXT MOVE, DEEP FUNDAMENTALS ANALYSIS EUR/JPY is currently trading around 162.300, having recently completed a breakout and subsequent retest, indicating a potential bullish continuation toward the target price of 168.300. This anticipated move suggests a gain of over 300 pips, aligning with the pair's prevailing uptrend.
Fundamentally, the Eurozone's economic indicators have shown resilience, with stable growth and inflation metrics supporting the euro. In contrast, the Bank of Japan's commitment to ultra-loose monetary policies has led to a depreciation of the yen, widening the interest rate differential between the two currencies and favoring a stronger euro
Technical analysis reinforces this bullish outlook. The pair edged higher to 164.16 last week before a slight retreat, suggesting consolidation ahead of a possible upward surge. As long as the 160.02 support level holds, further rally remains in favor, with potential targets at 164.89 and 166.67. A sustained break above these levels could pave the way toward the 168.300 target
Traders should monitor key resistance levels closely, as a confirmed breakout could present a lucrative opportunity to capitalize on the anticipated 300-pip movement. Implementing robust risk management strategies, such as setting appropriate stop-loss orders, is essential to mitigate potential market volatility. Staying informed about upcoming economic data releases and central bank communications will also be crucial in navigating this trading opportunity effectively.