Japanese Yen/Euro
Pair Name : EUR/JPY Time Frame : 4hrs / Daily Scale Type : Large Scale Analysis Way : Volume + Classic + High & low + Market Map ------ ❗️The purpose of this analysis is to spread 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 /...
EURJPY is on the Bullish Side now, but Proof that EURJPY can't break the last High indicates a weakening of the trend, and this will result in the possibility of a deep decline.
In recent weeks we saw the JPY reach lows we have not seen in many years. We saw EURJPY attempt to break 144.20 three times and got rejected on all attempts hence forming a potential triple top. Triple tops are usually big bearish reversal patterns after a long-sustained move to the upside. We saw the market close as a spinning top on the daily chart which could...
Hi Traders. Yesterday I posted a trade recap on EURJPY, I basically shorted it yesterday due to several confirmations such as multiple rejections at 144 and failure to re-visit 144. From my perspective, the short-term direction has officially shifted when the market failed twice at 143.80 yesterday (exactly my short entry yesterday). So I'll be mainly looking...
Similiar to the EURUSD, the EURJPY had been trading in a range between 142 and 144, predominately driven by price movements in the EURUSD. I had been expecting the EURJPY to climb towards 145, on the back of a weaker YEN and the previously ranging EUR. However, now that EURUSD is tumbling lower, and YEN having reached historic highs, the EURJPY could break...
✅EUR_JPY fell down sharply But a strong support level was hit Thus as a rebound is already happening A move up towards the target shall follow LONG🚀 ✅Like and subscribe to never miss a new idea!✅
EURJPY shows its decline marked by making a triple top pattern, we can sell in the crown area with a target of tp1 or tp 2.
Price Action will tell me which one of these 3 opportunities to take :).
Divergence in MACD due to Japanese yen flow forces me to cancel BUY posision
I was waiting for the tripple top to be created on the pair EUR/JPY and to look for short opportunities. Soon as I got signals by candlesticks confirming the trend getting a reversal, I entried. As you can see on the chart, TP1 has been achieved, and we'll see how the market goes in the next days and I believe likely it will go at the TP2 zone. This of course...
Double top completed and price broke the neckline and closed below it, we also identified a potential bullish patron bat pattern formation,.. the bias is bearish sentiment hence a short position and pending long order at the 88.6% fib level.. Good luck
I see this pair as a short term sell...Due to: 1]The Triple Top, Resistance Zone which the market has clearly failed to break through. 2]And the bearish harmonic butterfly, that formed right below the resistance zone.
What do I see? - EJ is forming a possible V-Reversal. - I am waiting for range below or after the Major High. - I am also observing on what will happen after this umpulse. Momentum? - No Momentum yet, might range if price don't break the Major High or Low. Confluences? -Strong move downward and upward = range Action: - Currently sitting on my hands until price...
in this update we review the recent price action in the EURJPY and identify the next high probability trading opportunity and price objectives to target
Downward trend. A correction at the phase change level then falls as much as the previous step
Pivot Point: 142.0 Currently: Consolidating at this 142.8 level , its next support zone is at 143.2 Reaction: Resisted at 141.5 and retraced back to 141.0 I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on tradingview~ Wish to receive some feedbacks from you! 😊 Btw you can feel free to use our designed indicators!!!...
It has been quite a bumpy ride on EUR/JPY so far, with majority of the masses favouring sells, I see a buy, the last leg (C) of wave 5 of the leading diagonal. The coming days will prove this right or wrong. Stay tuned!
HUGE sell over her let enter this position with 30% RISK BIG TRADE