EURJPY is rising towards a resistance level which is a pullback resistance and could reverse from tis level to our take profit Entry: 165.193 Why we like it: There is a pullback resistance level Stop loss: 165.775 Why we like it: There is a resistance which lines up with the 161.8% Fibonacci extension Take profit: 163.472 Why we like it: There is an overlap...
Today, the EUR/JPY price rose in the early morning, and right now the price made a good rejection from the 165.1 zone. this rejection could lead to further downward movement after a short retracement. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer:...
Looking at the chart of EURJPY right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely. ❤️ Please, support our work with like & comment! ❤️
Hello,Friends! EUR/JPY pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 2H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 162.282 area....
EURJPY has turned bullish on the 4H timeframe (RSI = 65.893, MACD = 0.220, ADX = 54.338) as the 4H MA50 held and supported a new 2 day rally since Friday. The dominant pattern is a 3 month Channel Up, which makes a HH on the 1.5 Fibonacci extension. The 4H MACD is identical to the pre-High consolidation of the past bullish waves. We are bullish (TP =...
Thursday, 04.04.2024 We took the previous weekly low and touched my 8 EMA. On the daily timeframe, we witnessed a strong rejection with momentum from my daily VWAP low. Now, I wait for a pullback before buying. Currently, we are at a 4-hour resistance level, so I'll wait patiently, but my bias is long. There's a chance for a push down to hit my 0.382 Fibonacci...
Hi traders, EURJPY is reached to powerful static and dynamic resistance and according to the overselling of JPY we could sell EURJPY with SL on highest price. don't forget risk free it below the 158. Entry price 161.3 Final TP 152.3 RR1:3 scalpers could take their profit on 158-9 level. Be successes
Hi there, It seems to start a big C correction wave. and we could enter to a long term short position. sell it at 148-148.5 TP1 138 TP2 135 TP3 (final) 125 SL 150.8-151 Be success guys. we glad to see your comments here.
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. If Jpy is still showing weakness, then likely i am looking at both AJ and EJ to look for long opportunities But do keep in mind if BOJ gonna dish out stuns on its interventions. Do check out my stream video for the week to have more explanation in place. Do Like and...
EURJPY next possible trades - Supply and Demand Update.
Hello,Friends! EUR-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 162.370 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/JPY pair. ✅LIKE AND COMMENT MY IDEAS✅
Euro Looks Stronger then the Yen, And We're Respecting Significant Discount Arrays, So am Long EJ.
BUY/LONG ZONE (GREEN): 161.550 - 166.700 DO NOT TRADE/DNT ZONE (WHITE): 159.750 - 161.550 SELL/SHORT ZONE (RED): 155.710 - 159.750 Monthly: Bullish Weekly: Bullish Daily: Bullish 4H: Bullish Previous bearish trend has been labeled along with the DNT area and the initial bullish zone that price broke into to flip the trend. Currently price is onto the next...
As EUR/JPY recently breached its all-time high, there was a noticeable surge in trading volume, indicating a potential shift in market direction. Typically, after such a significant milestone, it's common to observe a corrective phase where prices adjust from the extreme levels reached. This correction could manifest as a retracement or consolidation, representing...
My dear friends, Please, find my technical outlook for EURJPY below: The price is coiling around a solid key level - 163.19 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 164.22 Safe Stop Loss - 162.55 About Used Indicators: The...
EURJPY Short Trade setup when Price entering the Supply Zone. Set Price Alert and Observe the Price Action when price entering the zone.
Preferred direction: SELL Comment: The Swiss currency also began to strengthen against the American dollar , although we previously noted that this currency is one of the weakest among the main competitors of the US dollar. However, for this currency pair we confidently set sell-priority and expect a fall towards the level of 0.88761. Both scenarios...