Market Analysis PT2/2 (12th April 2024) EURJPY Analysis On the 4 hour timeframe, price action has created a a nice support and resistance of about 40 pips wide. This tells us that price on EJ is currently consolidating. There are 2 potential scenarios here: 1) Price pushes higher, breaking through the 4 hour resistance, and retesting it before going...
The price is currently retesting 30m supply zone after a hard drop off Inflation Deflator sell signal. Price may retest purple trendline, but strong 4h supply zone above should hold (green box). We should get a drop soon down to green line. 1:1 RR
Hello traders! ‼️ This is my perspective on EURJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I expect bullish price action from here as there is a confluence of rejection from bullish order block + FIBO 0.618 level + institutional big figure 164.000. Fundamental news: Tomorrow...
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:...
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...
Turning my focus to EURJPY, a compelling SHORT opportunity has emerged. Technical indicators reveal bearish momentum, with the pair showing resistance at a crucial Fibonacci retracement level and forming a bearish engulfing pattern, signaling a potential reversal. The presence of a bearish divergence on the RSI and a downward turn in the MACD further supports the...
Prices are forming mitigation block on the 4-hour chart, and I expect prices to fall.
EURJPY - 24h expiry We are trading at overbought extremes. Our short term bias remains negative. This is negative for sentiment and the downtrend has potential to return. We look to sell rallies. Weekly pivot is at 163.55. We look to Sell at 163.55 (stop at 164.05) Our profit targets will be 162.65 and 162.45 Resistance: 164.30 / 167.35 / 168.95 Support:...
A clear mitigation block occurred, and a pullback followed. We can expect prices to fall.
EUR-JPY - WEEKLY - Reversal from here? I still reaming neutral bullish for EUR-JPY , i'l became bearish when we will see the first cut rate from ECB.
1. **Bearish Setup and Reversal**: EUR/JPY is showing signs of a bearish setup and potential reversal. A fresh supply zone has been identified between 162.957 and 163.457, where investors, institutions, big players, and hedge funds are anticipated to initiate short trades in bulk. This zone serves as a significant area of resistance, suggesting a potential...
Hello traders! ‼️ This is my perspective on EURJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. I wait price to continue the retracement to fill the imbalance lower and then to reject from bullish order block. Like, comment and subscribe to be in touch with my content!
I have followed CHFJPY pair since jan 2nd you can check for the analysis at the time, never got an entry did not enter. Missed the entry for chfjpy yesterday so i just entered on eurjpy pair Eurjpy has been in a very exhausted uptrend and currently every signal shows that its going down now. Let me know what you think about this trade signal and leave a follow...
Hello everyone, i hope you enjoy this idea and I would like to hear from you in the comments what you think about it. Your feedback is really important to us as our team is trying to improve everyday.
EUR JPY has formed a double top at the weekly resistance level The market has broken out of the neckline, we need to see a retest before looking for entry short.
Hello everyone, i hope you enjoy this idea and I would like to hear from you in the comments what you think about it. Your feedback is really important to us as our team is trying to improve everyday.
. Don't forget about stop-loss. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
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...