EURJPY presents an interesting scenario with a potential combo trade, or is it? Let's break it down: 1. 4-Hourly Bearish ABCD Pattern: - Retest completion at 161.74. 2. Daily Bearish Bat Pattern: - Completion at 162.55. Two patterns, two different starting points. Is it a combo or a dual setup? Share your thoughts and let's navigate this intriguing trade...
EURJPY Sell opportunity 160.41. Confirmation after the breakout support level. If didn't breakout support EURJPY will reach to 4H resistance level 163.74. The support level is 4H 157.74. Wait for confirmation.........
After not being able to move up to the specified area as mentioned in the previous analysis, it is currently in wave C due to the breakdown of the structure, which has continued to correct up to the 1.618 area. If an upward correction is made up to the failure zone, in the absence of a failure, a sell position can be entered up to the green zone.
We see a wedge pattern in the EURJPY and a negative divergence in the RSI indicator. If the wedge pattern breaks, we expect the price to fall to the range of 160.00.
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#EURJPY UPDATE Hey Traders, Hope you are enjoying our trading analysis. We are here to update you about our another analysis about #EURJPY. EURJPY is in uptrend according to the 4 hr time frame. Here we can see that it is forming a new high each time. So we can expect that it will form a new high after retesting the mentioned zone. So we can take a small...
As per my longer term EURJPY video idea last week I have now entered short waiting for the 73% fib to be hit which is my preferred level on retracements. It's a longer term trade so need to let it play out
As per the video entries around now or next week looking to hold on to the short for a while stops where you're comfortable but great risk reward.
Preferred direction: SELL Comment: The previous week passed within the framework of accumulation and the situation with the main instruments basically did not change. Thus, we continue to adhere to selling priority for the Euro . At the moment, two scenarios are active, stop-loss is placed closer to 1.11000 . The nearest target for the fall is the level of ...
Hello traders! ‼️ This is my perspective on EURJPY. Technical analysis: We can see here that price changed the character and started to form higher lows and higher highs, so I look for a long position. I want price to make a retracement to fill the imbalance lower and then to reject from institutional big figure 159.000 Like, comment and subscribe to be in touch...
Hello everyone i hope every one have a great profitable week.. EURJPY is on strong buy on bigger time frame the sell trend on smaller time frames is the correction of bigger buy trend, price now reach at main support level and also lower low of bigger buy so its a place to buy.(trend is your friend ;) ... WHAT YOU THINK ABOUT THIS PAIR LET ME KNOW IN...
My dear subscribers, This is my opinion on the EURJPY next move: The instrument tests an important psychological level 160.62 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 - 159.17 My Stop Loss - 161.35 About Used Indicators: On...
EJ has some amazing bullish momentum behind it- and I am looking to continue to ride this trend and long it! I am waiting for at least a 50% retracement and price coming into the daily fair value gap (this is a must for my system!)- then we look for market structure shift on the hourly and attack! This is looking like a very yummy LONG! Follow and Stay tuned my...
Hello,Friends! We are going short on the EUR/JPY with the target of 156.575 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
EURJPY could continue with the bullish momentum and rise to the buy entry level. From there it might rise to the take profit level. Buy entry is at 159.977 which is a swing-high resistance level. Stop loss is at 158.590 which is a level that sits under a pullback support that aligns with the 50% Fibonacci retracement. Take profit is at 161.500 which is an...
EUR/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop towards our take-profit target. Entry: 160.004 Why we like it: There is a pullback resistance level Stop Loss: 161.052 Why we like it: There is a pullback resistance that sits above a confluence of Fibonacci levels i.e. the 78.6% projection and the -27.0%...
Hey Traders, in today's trading session we are monitoring EURJPY for a buying opportunity around 158.900 zone, EURJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 158.900 support and resistance area. Trade safe, Joe.
The the 30m chart the EURJPY is forming a potential falling wedge. On the chart infront, you can discover a bullish market structure Additional confluences: - Price has dropped to the support range created from the previous major high - The price is testing the 0.382 Fib. Have in mind that the 0.5 and the 0.618 levels are also in the support range so it is...