Japanese Yen/Euro
We have reached a key level of supply. I will be looking to short this with a 1:4 R:R
EUR JPY Monthly and weekly mark up. Zone 1 and Zone 2 are above and below the foundation zones
✅EUR_JPY has been growing recently And the pair seems locally overbought So as the pair is approaching a horizontal resistance Price decline is to be expected SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Monthly: - Bullish M - Bullish Indicational Candle Weekly: - Still making HH & HL (Fake Out of HL) - -68 Fib Completion - Inv H&S - Bullish Indicational Candle Daily: - Impulse & Correction - -27 Fib Completion 4H: - -27 Fib Completion - Decel - Scale in on the Inv H&S possible
Due to the previous highs on EJ at 142.67, EJ now formed a bearish reversal on wednesday 25th Jan amd 2nd Feb. Expecting this continuation as EJ trades currently in my 61.8% fibo mark which supports the entry point on EJ. NB: the 138.00 price point needs to re-visited again!!!
EURJPY Break Trading Range H1 . SL : 141 TP 1 : 139.9 TP 2 : 139.5 TP 3 : 138.9
A potential double bottom may be formed on EURJPY if it retests 139.951 then will be looking to go long up until 141.500 area. EURJPY_2023-02-03_09-38-42.png
Hi everyone ! EURJPY is showing positive signs and is setting up for a potential buy opportunity. Keep an eye on the pair as it has nice upside potential. Consider entering a long position on a strong break or a lower time frame impulse. Thank you for your support !
Based on Technical Analysis I see EUR/JPY dropping :) Let's see what we get from this trade !
Sell 141.150 SL 141.700 target 140.0 and 139.0 Sell EURJPY high and tight flag pattern Market will fall down
We see a regular divergence in Daily timeframe . So the pair will go down! In 4h, we can see the target by analyzing head and shoulders!
Disclaimer: Please remember I am not a signal service. All trade ideas and analyses shared are only my views on the markets. BEFORE OPENING YOUR TRADE: - Remember risk management is 1-2% of your capital - Take profit of your position partially. Don’t let your profits disappear - Don't open too many orders at the same time - Be patient - Don't be so greedy -...
Pair Name : EURJPY TimeFrame : 4Hrs Direction : Short Type : Swing Target Range : 200 Pips ------------------------------------------------------------------------- Neat and clean chart with clear setup, no junk on chart. ------------------------------------------------------------------------- If you like this idea, then smash like button and follow us for...
5-wave triangle completed. Either a Wave 4 or B. Likely to have some upside to this with the relief from the EUR selloff. Good luck and enjoy the weekend.
As shown on the charts by multi-timeframe analysis, from weekly down to daily and hourly, we can establish a clear bearish bias for EURJPY. Noteworthy observations: - the liquidity pool on weekly timeframe is very obvious and price will eventually go for it, so I keep that in mind. - untested hammer head on daily timeframe is also very obvious and it...
Break of structure on the 4 hour time frame , creating a down trend to the next demand zone
EURJPY rebounded after reaching 140.100 and maybe playing in the channel trend. Trade with care. Do follow and boost if you found this idea helps.
💲Pair Name : EUR/JPY 🗨Time Frame : 4hrs ➕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 ——————————— Bearish Retest 140.650 Area...