FX:EURJPY tests resistance and forms a false breakout, but now the price is stuck inside the range and forms consolidation on which the further scenario depends. On D1 the price stops at one of the intermediate resistance levels - 161.4. Euro as well as Japanese Yen are getting weaker against the general background, the strong fall of Japanese Yen will...
In the daily time and H4, an ascending channel is completing wave B. This corrective wave can be completed in two areas. The first PRZ range or the second red box range, which is 1.618 Fibo and the resistance range and daily supply. After the end of this wave, we should wait for a sharp correction wave C. After completing this wave (b), we will check the range of wave C.
Preferred direction: BUY Comment: The previous trading idea for the yen is in progress. We are considering further purchases here. The main buy level is located at the level of 147.801. Everything is unchanged here and we expect to approach 150 exactly. It must be said that in the more medium term, the instrument will most likely trade above this...
✅EUR_JPY broke out of The rising wedge pattern And the breakout is confirmed So I think that the pair will Go further down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
EURJPY is trading close to an overlap support and could potentially break break this level and continue to descend to the take profit level. Sell entry is at 160.439 which is an overlap support level. Stop loss is at 161.737 which is a level that sits above a swing-high resistance. Take profit is at 158.601 which is a swing-low support level. High Risk...
EUR/JPY is falling towards a pullback support and could potentially bounce higher towards our take-profit target. Entry: 160.176 Why we like it: There is a pullback support that aligns with the 23.6% Fibonacci retracement level Stop Loss: 158.608 Why we like it: There is a pullback support that aligns close to the 50.0% Fibonacci retracement level Take Profit:...
Preferred direction: SELL Comment: At the start of the new trading week, our market mood remains unchanged. Last week passed virtually without changes in medium-term trading. The priority for purchasing American currency remains. In principle, everything is formed for the euro , and we are ready for a fall. However, only the market itself knows when exactly...
EURJPY looks heavy. It has broken down the main trendline, and i can see bearish divergence on H4 and H1 timeframe. Actually is stuck in a small range, and it looks like it's accumulating to perform an explosive move. 159.000 is a daily support, so i expect the price there as a target for a short
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
So based on my last theory I got clipped, there was a lot of news combined with heavy consolidations within price. For me that's a no-go to trade, I saw this set-up and thought mehn! but it's okay. A Strong confluence to confirm is the reversal wedge pattern in the (D ZONE) between 2.00 and 2.618 amongst price action.
Hello,Friends! EUR-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 159.865 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✅
💵Pair Name : EUR/JPY Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ 🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🔗 Key Technical / Direction ( Short ) Type : Mid Term Swing —————————— This is the best...
Hello Traders ------ 💶EUR / JPY Setup / Analysis 🕐 4hr's Chart Reasoning 📜🖋️ —————————— - Liquidity + Value Area - A area where there is much the Liquidity + high Value Area - Turn Point - price has Turned at this Point before on the 4h chart - Volume Range Lvn - Low Volume Node - Control Break - The price was most at this area - Full Imb Zones ------ - (...
Name Pair : EUR/ JPY 4hr's Chart Strategy Way : Volume + Classic + Turn Point + Market News + Trends ——————— ☑️ Update - From Bear Hunt Signals ———— Take Profit 1 + 2 + 3 + 4 💵PIP = 185PIP ———
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.