EURJPY UPDATESeeing that this pair has not made any significant move for the week, but the weekly candle is showing that sellers are pushing price to the downside we could still expect a slel off but after a break if the accumulation phase
EUXJPY trade ideas
eurjpy longeurjpy
long
Please don't be greedy
ENTRY : yellow point
TP : blue lines
SL :
below red line for LONG position
above red line for SHORT position
INSTRUCTIONS:
For risk and money management:
5% of your wallet for LEV X ≤20
And
3% of your wallet for LEV X ≥ 20
EUR/JPY: Tight range when other EUR-pairs are weak. HmmmDo you trade
A) Before the breakout for a better price OR
B) After the breakout for confirmation ?
We usually prefer B)
But it helps to think through some scenarios that could happen beforehand
Looking at EUR/JPY - see how it is trading in a tight range?
Well other EUR pairs like EUR/USD have been falling. That shows relative strength .
Or put another way - the yen is relatively weak.
The price could just break straight to the topside - or it could first try to break lower in a fakeout - before breaking to the topisde.
If the latter does happen - it will be one of those occations we could trade before the =breakout ;)
What do you think happens?
Maybe the trend turns lower - and neither scenario above is right - could easily be.
EURJPY next move?????The idea is based on my analysis. Please use SL/SP wisely
With the Triple Top partern combine with Supply and Resistance on 4H chart during Political stress. This pair will go down short-time to retest 154.00-155.00 in other to run higher
Profit 1: 161.044
Profit 2: 159.259
R1: 162.401
R2: 161.925
Stop Loss: 163.900
Goodluck
eurjpyi have learned a pattern that usually works, after a fake breakdown or breakout the price moves on the opposite direction.
that been said, i think is a good idea to open a long on eurjpy after what it looks like a fake breakdown from the acumulation zone, i am expecting a higher high here.
an extra confirmation i really love to see is the volume increase. i am in with 0,5% risk
Can EURJPY descend and break the range to downside?EURJPY in 4h timeframe is in range however the range is cause of weakness in momentum to upside to break the shadow and high on 27th september.
I expect descending to break the range to lower levels however there is possibility to liquidity sweep to upside and start descending from the level I pointed. I risked 0.5% my exposure in this trade if it stops I will have short on the upper area with 1% or 1.5% it depends. Risk management is everything.
EURJPY Bullish Bat pattern: Forecasting an Upside moveHello traders,
A number of harmonic patterns are surfacing today. Here is my analysis of a clear bullish Bat pattern spotted on the EURJPY Pair. The Bullish Bat pattern is a harmonic pattern used in technical analysis to predict potential reversal zones. The EURJPY pair has formed this pattern with the following parameters:
X = 168.022
A = 170.293
B = 168.940
C = 169.976
D = 168.302
Here's the breakdown of the Fibonacci relationships for this pattern:
AB Leg: Retraces 38.2% to 50% of the XA leg. Point B at 168.940 confirms this.
BC Leg: Retraces 38.2% to 88.6% of the AB leg. Point C at 169.976 confirms this.
CD Leg: Extends 161.8% to 261.8% of the BC leg or retraces 88.6% of the XA leg. Point D at 168.302 confirms this and is close to the 88.6% retracement of the XA leg.
In summary, the points X, A, B, C, and D fit within the Fibonacci retracement and extension levels for a Bullish Bat pattern on EURJPY. This indicates a high probability of a bullish reversal at point D (168.302), which also qualifies as a good support zone for price.
In addition, my Elliott Wave analysis suggests the pair has completed the corrective wave ABC to the downside. I'm anticipating an impulsive move to the upside towards 169.70 and 170.31. Let's watch out for confirming price action.
Cheers and happy trading.
Potential double bottomWe see a price has that has consolidated and now shows signs of a continuation of the bullish run, this takes shape of a double bottom on the 4 hour and 1 hour charts.
We will wait for breakout and pullback and go long
WE ONLY TRADE PULLBACKS
Rising ChannelWhat we have here is rising channel that formed at a resistance area and suggest a bearish move. We now have a breakout and pullback, time to go short
WE ONLY TRADE PULLBACKS
EURJPY: Pullback From Support 🇪🇺🇯🇵
I think that EURJPY will go up from the underlined intraday support.
I see 2 bullish confirmations:
bullish breakouts of a neckline of a double bottom and a resistance line
of a falling wedge pattern.
Goal - 162.74
❤️Please, support my work with like, thank you!❤️
EURJPY possible order flow switch?Take a quick look at EJ with me and see what I see. Looking from the high TF down, we appear to be in an interesting spot and there may be a shift in order flow happening right now. Cheers and trade safe.
EurjpyBeautiful structure on the daily ,right here on this 4hr House Pattern break neck entry
So ofc great setup so will risk every time..
EURJPY💡Hello everyone, EURJPY chart analysis The shape shown in the chart is a sideways trading pattern, where prices fluctuate between the resistance level R.1
And the support level S.1
⛔Not investment advice, for educational purposes only.
EUR/JPY: Short-Term Downside, Long-Term BullishHello,
The EUR/JPY is likely to experience further downside in the short term, but the long-term outlook remains bullish, with an expected continuation of the upward trend.
TradeWithTheTrend3344
Indecision as we await news report The possibility of the pair going down is more likely to happen in order for institutions to have best price to start buying
#EURJPY 1HEUR/JPY (1H) Analysis: Rectangle Support
Pattern:
EUR/JPY is forming a rectangle pattern on the 1-hour chart, with horizontal support acting as a strong base. The price has been bouncing between this support and a defined resistance, indicating consolidation within a range. The repeated tests of the support level suggest a strong area of buying interest.
Forecast: BUY
Currently, the price is near the lower boundary of the rectangle, presenting an opportunity to enter a buy trade. The rectangle support has held firm multiple times, signaling a potential bullish reversal from this level. A buy entry can be placed at or slightly above the support zone, targeting a move towards the upper boundary of the rectangle. Risk management can be employed by placing stop losses below the rectangle's support.
Key factors to consider:
- Clear rectangle support holding over multiple retests.
- Potential for price to reverse and move toward the resistance.
- Defined risk-to-reward with stops below the support and targets near the top of the range.
EURJPY LOOKS BULLISH QUICK 15 MIN BUYHi Guys
EURJPY Looks Bullish to me
So Quick in and out the Key !
Best of luck
IDEA EURJPY LONG POSITION HI TRADERS
Pair : EURJPY
Position : LONG ( BUY )
Entry Price : 162.400
STOP LOSS @ 162.100
TP 1 @ 162.700
TP 2 @ 163.000
TP 3 @ 163.300 ( Trailing SL )
Have you tried GannZilla? It changed me lifeGannZilla reads planetary positions in astrology and interprets them in relation to Gann's Square of 9, a geometric chart that helps traders identify potential price levels and market turns based on mathematical relationships. By aligning astrological events with the Square of 9, GannZilla aims to provide insights into market movements influenced by planetary cycles, helping traders make more informed decisions based on both astrological timing and Gann's theories.
EURJPY: Bullish Continuation is Highly Probable! Here is Why:
The price of EURJPY will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair.
❤️ Please, support our work with like & comment! ❤️
EurJpy Trade Idea/UpdateLast night I managed to catch a solid 1:3rr on EJ! Price ended up playing out beautifully. Entry was on a flip once price couldn't continue pushing above resistance with bullish structures. Multiple rejections with a flip of structure at a major level will always do it for me. With EJ sitting at support we can either continue pushing to the downside or we can respect support and continue with the range between 163.4 and 162.4.
