EUXJPY trade ideas
EURJPY Long Continues - 10 May 2024Like, comment and share my analysis with your frineds
Morning Friends,
EJ has a very strong bullish outlook and will most likely continue pushing up.
Entry - 167.650 - 167.721 area
SL 167.397
TP 168.507
Warning : trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
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 Long - 09 May 2024I expect to see price pump after that wild range.
SL 167.030
TP 168.010
Make sure to apply proper risk management.
Warning: trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
See my signature below or visit my profile for more details
EURJPY: Going Up Again?! 🇪🇺🇯🇵
EURJPY leaves clear bullish clues,
after a breakout of a solid intraday resistance last week.
After the violation of the underlined structure,
the price started to consolidate within a horizontal range.
Bullish violation of the resistance of the range this morning
is an important bullish confirmation.
We can expect more growth now.
Next resistance - 186.5
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Traling stop EUR/JPYTrailing stop on EUR/JPY after 3 days of profits .I am still on the trade as well the same on GBP/JPY and CHF/JPY both with the same fundamentals and chart patters. Hope BOJ dont intervene this week.
EURJPYEURJPY trend is bullish as price printing higher highs and higher lows, but there is a bearish divergence on RSI, if price breaks it's last higher low then there is our entry, trade plan mentioned on charts.
LONG OPPORTUNITY ON EUR JPY According to :
uptrend channel
Convergence on CCI
TP and SL is clearly showing
short on eurjpymy idea on EURJPY price will make 3 touch before drop down on d time frame if
week break this idea to 4h time frame we still can see the price on impulse to top
so I will wait the price to show me some reversal on top base on 4h then enter my position on 1h put in mind price will hit 164.005 if you hold for long run
BOJ Intervention Again⁉️Hello TradingView Family / Fellow Traders,
EUJPY is currently approaching a massive supply zone marked in red.
For the bears to take over again and start the next bearish impulse movement, a break below the last major low in gray is needed.
Meanwhile, EURJPY would be bullish short-term and can still trade higher.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Short Position Setup Expected on EURJPY PairShort Position Setup Expected on EURJPY Pair based on Bearish divergence expected at the Resistence level though Resistence zone is not that strong but still we can expected bearish trend to start. setting up SL with strong Risk management by taking small lot size will always best plan to take up and cherish. :) what are your thoughts on this analysis.?
EURJPY - Short Idea- Looking in this zone to short
- Retrace move back up has been long, and looks corrective
- Hidden Bearish divergence on RSI
- Zone of interest is 1.27% inverse of last drop, as well as short run (not reaching the 61.8%)
EURJPY bearish pattern ??EUR/JPY Technical Analysis:
- Current Pattern: Rising Wedge
- Implication: Bearish (Potential Price Decline)
- Expected Target: 0.382 Fibonacci Retracement Level
EUR/JPY|HTF Analysis| Friday, 10 May 2024EUR/JPY
-supply above the price + IMB look for confirmations if you are gonna enter
EUR/JPYThe "bullish crab" pattern is a specific harmonic pattern utilized in technical analysis to identify potential trend reversals in financial markets. It's considered one of the more advanced patterns and is based on Fibonacci ratios and geometry.
Here's an overview of its main characteristics:
1. **Initial Move (XA)**: The pattern starts with an initial move from point X to point A, representing the first leg of the pattern. This move can be in either direction but is often against the prevailing trend.
2. **Correction (AB)**: After the XA leg, there's a corrective move from point A to point B. This leg usually retraces a significant portion of the XA leg, typically between 38.2% and 61.8% Fibonacci retracement level.
3. **Extension (BC)**: Following the AB leg, there's an extension from point B to point C. This leg extends beyond the XA leg, often by a Fibonacci extension ratio of 2.24%.
4. **Final Retracement (CD)**: The final leg of the pattern is from point C to point D. This leg retraces a portion of the BC leg, usually between 38.2% and 88.6% Fibonacci retracement level.
5. **Completion at Point D**: The pattern is considered complete when the price reaches point D, which should align with the Fibonacci ratios and geometrical proportions specified by the pattern.
When traders identify a bullish crab pattern forming, they interpret it as a potential reversal signal, suggesting that the price may reverse higher after completing the pattern. However, as with any trading strategy, it's essential to confirm the pattern with other technical indicators or price action signals before making trading decisions. Additionally, risk management techniques should always be employed to manage potential losses.
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☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
Gartley bullish harmonic reversal pattern observed in EURJPYGartley bullish harmonic reversal pattern observed in EURJPY in 4 hours timeframe. The pattern is already formed with point D being the potential reversal zone and was the starting point for bullish reversal. The bullish trend is expected to continue and is good taking long positions.
