Eurjpy should I sell ?I checked the pivot point app after the dashboard app said sell but I think it’s going up? 155.898 support and pivot point at 157.724
One support broke with 3 resistance lev we last up.
EUXJPY trade ideas
EUR/JPY HS on DAILY Possible dump on EUR/JPY HS on Daily. Trapped under higher time frame sellers. Could be a good short set up. Not financial advise. Never trade my set ups they will lose money.
Trading Idea on EUR/JPYEUR/JPY depreciates as rising wages bolster the odds of the BoJ rate hikes again.
Japan’s Labor Cash Earnings jumped 4.8% YoY in December, rising from 3.9% in November.
The Euro remains under pressure as investors brace for a potential Trump's tariff targeting the Eurozone.
EURJPYNow is in bullish trend in 5min chart and eur is strong if is break the zone we take it for long
LR
EURJPY Rejects Triangle Support:First Impulse Wave to the UpsideEURJPY has respected the lower trendline of the triangle formation, showing strong rejection at support. The first impulsive wave to the upside suggests potential bullish momentum building up. If the structure holds, we could see a breakout and continuation higher. However, confirmation is key—watch for follow-through price action and volume before entering! Will bulls take control, or is this just a fake move? Stay alert! 📊📈🔥 #ForexTrading #ElliottWave #EURJPY #TrianglePattern #ForexAnalysis #PriceAction #Elliotwavesglobal
eurjpy analysis elliot. 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.
Always make your analysis before a trade
Lingrid | EURJPY Long from the Potential DEMAND zoneThe price perfectly fulfilled my last idea . It hit the target. FX:EURJPY broke below the January and December lows, testing the psychological level at 157,000. It reached the demand zone around 156,000 - 157,000. Based on this, I expect the market to move higher, potentially reaching the January low. On the daily timeframe, it becomes apparent that the overall price is trading within a consolidation zone, with the current price having reached the bottom of it. Consequently, I anticipate a rebound from the bottom of the zone and downward trendline, indicating a potential upwards momentum. My goal is resistance zone around 159.700
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
EURJPY: TP1 Hit +47 Pips (AccuTrade)The dollar faces downside risks today as US payrolls should slow and annual benchmark revisions could be significant. That could more than offset some safe-haven flows on the back of souring China sentiment. In the eurozone, we’ll watch the ECB’s new estimate for the neutral rate. Central banks in CEE maintain a hawkish tone but rates diverge.
Long1.Pullback to Fibonacci 0.618 Level
If the market is in an uptrend, it may pull back to the 0.618 level before continuing higher
2.EUR Currency Double Bottom
This pattern usually signals a bullish reversal.
3.GBP/JPY Long Position
If the price is pulling back to the 0.618 level, this could be a good entry point.
EUR/JPY, Long, 2h✅ EUR/JPY is forming a clear falling wedge pattern, signaling a potential bullish breakout. The price is expected to move upward toward the next resistance level.
LONG 🚀
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EUR/JPY BUY IDEA (R:R=9)Buying EUR/JPY now. A wonderful BAT formation just formed on DAILY chart. Already forming lower highs and lower lows on smaller timeframes. I have my stop loss 10 pips below previous low.
Stop Loss is: 156.650
1st Target: 159.554
2nd Target: 160.388
3rd Target: 161.254
4th Target: 164.060
Happy trading! :)
EURJPY TRADE 250+ WIN In this video i share some insights into my thought process as to how i took the trade and the confluences i had my eyes on and how i managed the trade
EJ, bound for a massive upside reversal in the next few seasons!EJ has corrected with so much weight after going parabolic on Q2 of 2024 (June 2024) -- peaking at an ATH of 175.0. There after a massive correction was warranted that has lingered for months ahead.
Now based on recent long term metrics. EJ is now heavily showing some basing behavior from the current range at 157 zone. This is conveying already of a shifting structure on its price.
It has created a triple bottom formation that spans 2 years!
From this scenario alone you can sense the contextual direction it is about to undertake. Reverse to the UPSIDE.
Based on its historical price movements - it has undergone what I called a transitional shift to new ascending channel. You can check the chart above for reference. We are now at that period.
Expect some fresh series of price growth attempts from here on -- aiming to reclaim new high metrics.
Best seeding season is NOW.
Spotted at 157.0
TAYOR.
Trade safely.
EURJPY Wave Analysis – 6 February 2025
- EURJPY broke support zone
- Likely to fall to support level 156.00
EURJPY currency pair today broke support zone between the support level 158.00 (which reversed the price at the start of this month) and the support trendline of the daily down channel from December.
The breakout of this support zone strengthened the bearish pressure on this currency pair, which accelerated the active impulse wave iii.
EURJPY currency pair can be expected to fall to the next support level 156.00 (which has been reversing the price from August).
EURJPY Approaching Key Support - Buying Opportunity Ahead?OANDA:EURJPY is approaching a key support zone, an area where the price has previously shown strong buying interest. The recent price action suggests that buyers may step in and drive the price higher. A bullish confirmation, such as a strong rejection pattern, a bullish engulfing candle, or long lower wicks, would increase the probability of a bounce from this level. If buyers regain control, the price could move toward the 160.080 level.
However, a breakout below this support would invalidate the bullish outlook, potentially opening the door for further downside.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.
Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments.
Best of luck , TrendDiva
