Eurjpy buyEurjpy looking for uptrend continuation trade safe use Stop-loss bcz of jpy pairs ontop spikes may possible...use SL and TP ...jpy looking more weak
EUXJPY trade ideas
EURJPY Bullish Move**Monthly Chart (Bullish)**
Last month's candle closed bullish suggesting a continuation of the bullish trend at least to break the monthly high of Oct 1998 at 164.536 and move ahead towards testing the high of July 2008 at 169.96.
**Weekly Chart (Bullish)**
Last week's candle closed bullish. However, it is still within the range of the previous week’s candle after slightly testing the high of Oct 1998 at 164.536 and rejecting the price from it. This week we are going to see if the price breaks the high again and moves towards the first target at 166 and then 168 levels. There is also a high probability chance that break the July 2008 high at around 170 level (round number).
**Daily Chart (Bullish)**
Tuesday - 2nd April 2024 The candle closed as a key reversal creating a swing low that bounced after grabbing the liquidity and swiping the price higher, this indicates the high momentum for EURJPY to continue moving higher. This week, I will be looking for an entry to go long if the price gives a corrective structure with good risk-to-reward parameters.
EURJPY,1H BY TRADE MASTERS EURJPY is making HH and HL its a positive upword momentum,it may formed new higher high we make an entry on breakout of higher high
BUY STOP 170.52
STOP LOSS 169.93
TP 1 170.93
TP2 171.45
A POTENTIAL EURJPY SELL Price currently at monthly high of 2008 last high. If price fail to move pass 171.590 level
wait for a Break Of Structure(BOS) at last support(164.129).
After a BOS take place, wait for price to correct back to an ORDER BLOCK(OB) of the Impulsive move that broke structure. For a safe entry go to lower time frame and wait for a bos and and allow price to correct back to an order block zone.
IF PRICE IS OFFERED AT 170.031 WE MAY GO LONG!Price currently trade at 170.031 if we can see price offer at 170.031 we can buy from that level
Target is 170.507
EURJPY: Bullish Outlook Explained 🇪🇺🇯🇵
This week, EURJPY broke and closed above a key daily structure resistance.
After a breakout, the broken structure turned into support and was retested.
Retesting that, the market started to consolidate within a horizontal range
on a 4h time frame.
A bullish violation of the resistance of that range is an important
intraday bullish confirmation and sign of strength of the buyers.
I think that growth will continue next week at least to 171.0 level.
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EURJPY Is Bullish! Long!
Take a look at our analysis for EURJPY.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 170.021.
Considering the today's price action, probabilities will be high to see a movement to 170.485.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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EURJPYWe can attempt to buy EURJPY from specified level as HL ,0.5 FIB also occur , and no bearish divergence.
SL , TP mention in chart.
EURJPY What Next? SELL!
My dear subscribers,
This is my opinion on the EURJPY next move:
The instrument tests an important psychological level 170.41
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 168.97
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
EURJPY In a Bullish Trend - Ascending ChannelEURJPY In a Bullish Trend - Ascending Channel
EURJPY is still rising within a bullish channel from 15 May 2024 for about 9 days.
The support the BOJ is giving the market to kill the JPY is pushing all XXXJPY pairs higher.
It seems like a WIN-WIN game that you can take the profits and be satisfied with zero risk.
The problem is that all JPY pairs will only move when the BOJ intervenes in the market.
We all know that intervention will create aggressive bullish waves.
Until that moment, all JPY pairs are only rising and bullish.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
TRADE SIGNAL: EURJPY LONG 21 May 2024Factoring in some learning from my previous 2 trade signals, i have strong conviction that EJ might pullback to immediate past resistance(now support) to gather some liquidity before pushing up. Hence i'd recommend long positions for the pair. See details below
Position Parameters;
Entry BUY @ 169.500 - 169.223
Flex SL 169.060
Final TP 170.496
Note: i'd share updated confluences from next post.
Warning:
1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk.
3. You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
Learn how to trade. See my signature below or visit my profile for more details
EURJPY - Short- After clearing my pocket, it also clean many early shorts.:-p
- after consolidation , in the kinda ascending triangle, price tried to break down, then went back up breaking up, then going back down. With the recent PA, have re-entered short
JXY also at a level for trend reversal
Large potential but Countertrend short EURJPYPrice is at a level last seen in July 2008. At that time as well, price had made several attempts to go higher and failed (thus printing multiple tops). Once again, we can see several tops. A decline of 55,400 points (about 33%) happened in 2008, I can only wonder what we will see on this occasion. I see a supply zone (yellow rectangle) and expect this pair to fall.
I will be taking a trade as soon as spreads normalize on Monday, but note that this is counter-trend. If you take this too, please manage your risk with a high degree of caution.
Being prepared for the unexpected is always good in trading, so please use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more.
What do you think about this trade idea? Please comment and share your thoughts!!
EURJPY| Bearish Candlestick Signals DowntrendHi there,
A bearish candlestick close below 169.510 could signal a bearish trend for EURJPY, and the price may fall onto the daily solid trend line.
There is also an open demand area that may attract prices near the 168-167.936 areas.
At the moment, the price might pulse up for potential entry points, but we are not considering that.
Happy Trading, and have a great week.
K.
EUR/JPY For Bullishyou can wait for break current resistance area at red Arrow and go long
or
wait for creating higher low at blue arrow or between range of 50 : 61 fibo and go long with it
or
make hedge technique by open two trade one for long and other for short if price back to blue arrow then close short trade and wait to back to any target and close long trade
if price fail to break current resistance area at red arrow and success to break support area at orange arrow then it will pull-back to area at blue arrow and try to make higher low so you can make short with small lot ant take profit after creating higher low at blue arrow and out with start new trade with long and take any target
have fun :)
EURJPY acending triangleEURJPY is forming ascending triangle with indicated continuatino of bullish pattern.
EURJPY: Bullish Run May Continue 🇪🇺🇯🇵
A recent bullish violation of a key daily resistance on EURJPY
makes me think that it has a nice potential to go up again.
The broken structure now turned into support.
The price may reach 171.0 level soon.
❤️Please, support my work with like, thank you!❤️
EUR/JPY buy 1. We had a news release last night during the asian session - the outcome was bullish on EUR/JPY
2. I believe we will have a continuation of this bullish sentiment coming to the NY/LUNCH/PM session.
lets wait and see what the market delivers - staying fixed on a trading model is integral for generating profits.
Eurjpy bullish Setup SUCCESSFULWe shared this setup earlier this week and it worked out. Congratulations to those who actually traded it. It happened in less than 2 days
Eurjpy bullish Setup SUCCESSFULWe shared this setup earlier this week and it worked out. Congratulations to those who actually traded it. It happened in less than 2 days
Predict price movement on the EURJPY currency pairWe are waiting for a very important daily closing on the EUR JPY currency pair... because the price reaches the highest level and at the resistance of the ascending channel.
SIGNAL BUY EURJPY - ENTRY BELOWFind my confluences below;
✅Price at psychological level?
✅Has there been a recent intraday range?
❌Do you see 30 mins or 1 hr price bar closure outside recent range?
✅Will position be in the direction of 4hr and Daily trend ?
✅Has nearby wicks to the lefthand side been identified and marked as potential problem area/TPx?
Go long the moment the pending condition is met;
Position details
Flexible Entry 169.526
Flexible SL 169.309
Target 170.001 area
Warning:
1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk.
3. You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
Learn how to trade. See my signature below or visit my profile for more details
