We saw EUR/JPY beatufully react to the 165.000 area. EUR/JPY also has a 4HR/1D trend line in play.
We can expect it to come down to the trend line and see how it reacts to the area marked as well as the trend line. Looking for buys if it respects the area and show us a good bounce back.
This may not happen until next week so lets keep an eye on it.
...
Monthly timeframe
- Bullish M not completed yet
- Flat wall
- Targeting at least the 166.000 region
Weekly timeframe
- Bullish indicational candle
- Selling region/weekly high could've been used as resistance, instead we are trading back above
- Bullish market structure
Daily timeframe
- Bullish impulse followed by a bearish correction
- 90% rule kicked...
Hey everyone!
After some off-the-charts time (had some personal stuff going on), we're back with the challenge!
I decided to take a short trade in EURJPY in a slightly smaller time-frame (H1). In H4 we see a strong supply zone that triggered a strong bearish push a few days ago. In H1 and M30 we have seen some price action confirmation about the markets...
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...
Hello,Friends!
We are going short on the EUR/JPY with the target of 164.275 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅
Currency with notable strength for a purchase, after the false breakout of an upward channel the asset returned to the main zone after holding on to the POC, with notable purchase volume it broke the channel again in favor of the macro trend, above a support zone STRONG.
Rising assets in the medium term is an option too!
The EUR/JPY pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further gains in the coming minutes or hours.
Key Points:
Buy Entry: Consider entering a long position (buying) above the broken resistance level of...
EURJPY is rising towards a resistance level which is a pullback resistance and could reverse from tis level to our take profit
Entry: 165.193
Why we like it:
There is a pullback resistance level
Stop loss: 165.775
Why we like it:
There is a resistance which lines up with the 161.8% Fibonacci extension
Take profit: 163.472
Why we like it:
There is an overlap...
EJ is looking like it will continue on an uptrend.
- Candles are consolidating above both EMAS. Bullish conditions met.
- MOM is facing up but has not crossed above 0 yet. Waiting for this confirmation.
- STOCH is facing up, above 50 and the blue line is above the orange line.
Potential Buy At Market Execution Or Buy Limit At 158.550 Or Lower
SL: 158.200 OR...
Hey Rich Friends,
I set a buy limit for EJ last night and it triggered and hit TP 2.
The key to any strategy is to trade what you see, not what you want. We are retail traders, not market makers, please listen to your indicators.
The main reason why I decided to take a risk on this buy is that although the market was moving sideways, the candles were still...
Hey Rich Friends,
I am looking at EJ for a potential bearish move since the candles are well below both of the EMAS. This is a bearish confirmation for me.
The MOM indicator is also below 0 confirming a bearish trend and the STOCH is below 0.
Market execution or sell limit at 158.150 or higher is a potential trade idea,
SL: 158.550 OR HIGHER (40 pips)
TP...
Hey Rich Friends,
Happy NFP Week! Please remember to check the news and trade with caution. To start this week off, I think EURJPY will continue to buy and here is what I am looking at:
- Candles rejecting price going lower in the demand zone
- Candles are above both EMAs and the blue EMA has crossed above the purple EMA
- MOM is facing up and positive
-...
Hey Rich Friends,
I think EJ will continue to buy this week based on my technical analysis but I do encourage you to check the news and come to your conclusions! Here is what I am looking at.
- The candles have already tapped into and rejected a previous demand zone
- The candles have close above the 50 EMA and 200 EMA
- The momentum indicator is facing up,...
