I am looking to buy EurJpy once it breaks the above resistance and closes above. My setup will be invalid if it breaks the below support and continues to sell
Hello traders!
‼️ This is my perspective on EURJPY.
Technical analysis: As we can see here we are in a bearish market structure after the change of character, so I am looking for shorts. I expect price to continue the retracement to fulfill the imbalance higher and then to reject from bearish order block.
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Waiting for a retest of 142. to short EURJPY back down to weekly swing lows at 137.547
If you agree drop a like and if you have any questions leave a comment :)
Hi fellow traders, EURJPY is completing this WXY correction in a flag pattern . Look for a move down from the blue box area and target the support levels. Good luck and trade safe!
Here is my view for EURJPY on H1. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Welcome . The euro against the yen. in a very negative state. With the price reaching an important area. It is manifested in the convergence of the descending horn. And re-test the package that the price broke. With very negative candles on the daily chart, there is a lot of pressure from the sellers to lower the market. To 142,500 levels in the first...
Here is my view for EURJPY on H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Pair : EURJPY ( Euro / Japanese Yen )
Description :
Break of Structure
S / R Level
Bullish Channel as a Correction Pattern in Long Time Frame and Breakout of the Lower Trend Line and Retracement
Fibonacci Level - 61.80%
Divergence
Exp FIAT is Short Time Frame and Rejection from UTL
#EURJPY
- Currently there is an UP SIDE BIAS for EURJPY. XXXJPY CURRENCIES BUY very fast in previous weeks with JPY WEAK after BOJ MEETING. Somehow it is being RECOVERED again. MARKET RISK is still ON. VIX is going DOWN, XXXJPY CURRENCIES SHOULD BE BUY FAST NOW.
- Some NEWS coming for the USD will help strengthen the EURO. Because the reason for that is...
Pair : EURJPY ( Euro / Japanese Yen )
Description :
Divergence
Rising Wedge as an Corrective Pattern in Long Time Frame and Breakout of the Lower Trend Line and Retracement
Break of Structure
Bullish Channel in Short Time Frame
Completed " 1234 " Impulsive Waves
#EURJPY
- Currently there is an UP SIDE BIAS for EURJPY. XXXJPY CURRENCIES BUY very fast in previous weeks with JPY WEAK after BOJ MEETING. Somehow it is being RECOVERED again. MARKET RISK is still ON. VIX is going DOWN, XXXJPY CURRENCIES SHOULD BE BUY FAST NOW.
- Some NEWS coming for the USD will help strengthen the EURO. Because the reason for that is...
EURJPY - Trade idea!
This post is purely based on technicals!
Pattern: Wedge/Triangle - A break to either direction.
Highs: 145.575
Lows: 144.030
If it breaks the highs expect your target areas to be 147 low areas & If it breaks the lows expect your target areas to be 143 areas (200 EMA).
Be careful of false break outs and we do have a busy day on the docket...
Welcome . market . EURJPY. In very positive condition. with a transverse zone fracture. and re-test. There is a very strong buying opportunity. to target an area. 145,000. Good luck everyone
Descending Triangle formed broke above and the Bullish bias was strong for EUR/JPY.
We also had other peripheral indicators showing upside.
7>21
RSI>50 - higher lows
The target remains at 146.43 and I'm happy to hold this one.
