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EURO REFERENCE RATE / JAPANESE YEN

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EUXJPY trade ideas

EurJpy Trade IdeaEj has been in a range for some time now. I personally decided to take some shorts on the pair since there was no break of the range. Entry for me was a 4hr pullback with price coming back to retest a level where price originally flipped from after respecting resistance. There was a solid bearish candle forming on the retest along with the 1hr looking bearish. Personally looking for a little over a 1:3rr on this set up. We'll see how price plays out. Stops are just above structure.
Short
by OfficialJ23
#EURJPY 1 DAYEURJPY (Euro / Japanese Yen) Timeframe: Daily (1D) Pattern: Downtrend The daily chart of EURJPY reveals a pronounced downtrend, characterized by a series of lower highs and lower lows. This pattern indicates that sellers have maintained control over the market, leading to consistent price declines over time. The downtrend reflects a bearish sentiment among traders, as the currency pair struggles to regain upward momentum. Forecast: Sell Given the established downtrend, the forecast suggests a selling opportunity. The likelihood of continued bearish movement remains strong, as the pair has not shown any significant signs of reversal or stabilization at this point. Technical Outlook: Resistance Level: The recent lower high points, which may serve as potential entry points for sellers. Support Level: Key support zones below the current price, where a breakdown could trigger further selling pressure. Key Levels to Watch: A sustained move below recent support levels would reinforce the bearish outlook, potentially leading to further declines. Traders should be vigilant for confirmation signals, such as bearish candlestick formations or increased volume during price drops, to validate their entry strategies. Keep an eye on economic news and geopolitical factors that could influence the Euro and Japanese Yen, as these may impact price dynamics in this pair.
Short
by PIPSFIGHTER
EUR/JPY May Rise#trading_idea 💡 🇪🇺🇯🇵 #EURJPY - Moving Up On the 4H chart, an ascending triangle pattern is forming. The price is testing resistance at 161, and both Stochastic and the Bulls & Bears indicator suggest a potential continuation of the upward move. 🔼 If buyers have enough strength to break the resistance 161, the price will most likely rise to 162. 🔽 If the sellers' pressure continues, the most likely scenarios are reaching local support levels 160 or 158 🔷 React with "👍" if you foresee the price growth and "👎" if you believe it will decrease ➡️GET $20,000 JUST FOR $99
Long
by sabiotrade
EURJPY | RETOUR VERS LE SUPPORT OU NOUVEAU SOMMET ? 💡 Contexte Général : Le marché de l'EURJPY montre actuellement une tendance haussière soutenue par un rebond sur un important support liquide. Les acheteurs sont actifs, mais des zones de résistance sont à surveiller pour une consolidation potentielle. 💡 Analyse technique : En H4, le prix a récemment touché la trendline baissière, ce qui a provoqué un rejet vers deux blocs de liquidité. 💡 Configuration Ichimoku : Actuellement, le prix est en dessus du nuage Ichimoku, ce qui laisse place à une possibilité de correction à court terme. 💡 Synthèse des Scénarios possibles : - À la hausse : Un rebond sur les blocs H4 pourrait permettre de viser l'objectif de 163.897. - À la baisse : En cas de cassure de la tendance haussière, une correction pourrait ramener le prix vers les blocs de support et potentiellement vers 155.168. 💡 Évènements à surveiller : Les annonces économiques liées à l'euro et au yen, ainsi que les mouvements sur les obligations japonaises, pourraient influencer la tendance. ⚠️ Attendez de bonnes confirmations bullish/bearish avant d’entrer en position. Laissez un maximum de 🚀 pour soutenir l'analyse.
Long
by Kik-Market