MARKET PHASE OANDA:EURJPY is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour). AREA OF VALUE Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above...
Hello Traders! This is my forecast for EURJPY H1. I see a perfect structure for a short trade as the price closed fully one FVG and I expect it to close part of the second FVG after going bearish. Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the...
EURJPY has so much room to fall as we are right at the resistance. Target is around 152.00
Hello traders! ‼️ This is my perspective on EURJPY. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action from here as price filled the imbalance and rejected from 1H bearish order block + institutional big figure 162.000. Like, comment and subscribe to be in touch with...
EURJPY - 24h expiry Short term bias has turned negative. The 200 day moving average should provide resistance at 161.35. This is negative for sentiment and the downtrend has potential to return. We look to sell rallies. Further downside is expected although we prefer to sell into rallies close to the 161.65 level. We look to Sell at 161.80 (stop at 162.30)...
EUR/JPY edges higher to 161.40 during the Asian trading hours on Tuesday, halting its five-day losing streak. The Japanese Yen (JPY) encounters downward pressure following remarks made by Japan's Finance Minister Shunichi Suzuki, who suggested that now is not the appropriate time for the Bank of Japan (BoJ) to tighten monetary policy. This dynamic provides support...
EUR/JPY recovers its intraday losses as the Japanese Yen (JPY) strengthened following Japan’s Gross Domestic Product (GDP) data showing Japan's economy returned to growth in the last quarter of 2023, thus turning away from a technical recession. The EUR/JPY cross attempts to rebound from weekly lows, trading around 160.60 during the early European trading hours on...
Now would be good time to enter sells and exploit this bearish structure. Swing trade on M1.
Expecting price to break the trendline and sell until 154.766 zone, always apply risk management.
In a tricky area but am leaning towards a short because of how the last two bearish closes on the daily. Plus there is a fundamental bias towards a short because of the jpy strength and because there look as if Japan is going to increase interest rates . The entry trigger for me would be for a 4h close below the blue line with a retest and a lower low close on the 30m
EURJPY cuts down the uptrend line. At the same time, the price broke through the resistance zone at 161.89. Currently, the price is recovering to backtest the resistance zone. At this point we can consider entering 2 orders #1 SELL SL: 163,047 TP: 158,414 about the 50% zone of Fibonaci #2 SELL Stoploss: 163,047 Takeprofit: 155,490 about 76% of Fibonaci #3...
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...
EURJPY - Intraday Buying pressure from 161.68 resulted in prices rejecting the dip. The current move higher is expected to continue. Short term bias has turned negative. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Although the anticipated move lower is corrective, it does offer ample risk/reward today....
We expect further downside on this pair, signalled by the formation head and shoulders pattern breakout. We can also see the breakout of a short-term trendline and key level supports our directional basis
The EUR/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a triangle pattern. Key Points: Triangle Breakout: The price has been trading within a triangle pattern, characterized by converging trendlines. This pattern can be interpreted as a continuation of the prior trend or a potential reversal...
EUR/JPY has been BULLISH since July of 2023 so its abrave man (or a fool) who calls the top on this particular pair. That said the current wave of BUYING started earlier this month and there are clear signs that EUR/JPY BULLS are taking a breather. The SELL signal line of the Andean Oscillator is rising and the green buy line is crossing south over the signal line...
Same a EUR/ USD waiting for a pull back or a break out. the preferred entry would be a rejection from the yellow line following a 4h close and a bullish candle on the 30m or 1h
Dear traders, EURJPY recently has been overbought, and price is currently at the crucial level. There are two possible swing entries which can be utilised properly. JPY plummet to lowest, making it one of the worst performing currency on currencies index. Take sell entry with accurate risk management, no more than 80 pips in stop loss. If first entry fails, take...