EURJPY gathering liquidity to drop back to core demand level. By breaking the bottom line of the upward trend of sales up to the main demand level
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,...
daily demand created after trendline break. would like to see price retrace to trigger entry
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:...
Hi Traders ! The EURJPY Price Failed To Create a New Lower Low. The Lower High is Broken (ChoCh). Moreover, The Resistance Line is Broken ! So, I Predict a Bullish Move 📈 ------------ TARGET: 165.170🎯
Looking at the chart of EURJPY right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely. ❤️ Please, support our work with like & comment! ❤️
Hello,Friends! EUR/JPY pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 2H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 162.282 area....
The euro against the yen this week will face impactful news that could generate movements in this currency cross. In addition to bonds and ECB releases, there will be trade balance and inflation news from several euro zone countries. Regarding Japan, although it does not seem important this week, the Ministry of Health, Employment and Welfare releases begin this...
I might be a little early on my entry/analysis. I am confident however that this pair will see strong drop/pullback soon. Divergence on the 1hr and my 30m confluences have been met. Trade safely my friends
Waiting to see what EUR/JPY does around this key area. It has also been in an uptrend since quite a long time. If it breaks and retests the 165.000 area, looking to buy. If it rejects from the area, looking or sells. DISCLAIMER: This analysis is purely for personal reference and record keeping and should be taken as educational material only, NOT FINANCIAL...