JPY pairs are staging a comeback after a whipsaw trap on Monday.
EURJPY buy, Price action on a trend basis on the daily timeframe is showing an uptrend with price retesting a key level in the market. Scrolling down on our 4h timeframe we can see an area in the market where price is failing to break the lows a reversal can be observed in accordance with the trend. In addition, most retail traders at the time of this are shorting...
I have followed CHFJPY pair since jan 2nd you can check for the analysis at the time, never got an entry did not enter. Missed the entry for chfjpy yesterday so i just entered on eurjpy pair Eurjpy has been in a very exhausted uptrend and currently every signal shows that its going down now. Let me know what you think about this trade signal and leave a follow...
Manage SL during news time, intraday trade tp and sl mentioned not a financial advice
On Daily chart, you will notice that it has been rejected from the trend line and it made a Doji and it's poised to go Bearish. On Hourly, you can clearly notice the Double Top made at 165.355 which is 52 Week Hight. The retracement or you can call it Consolidation or Correction, on Hourly is clear and it is slowing down to go Bearish.
Currently long bias on EJ due to the daily and 4h uptrend correlation. Further consolidation around the plotted 4h HL may provide evidence towards continuation once a respected pattern shows a momentum shift of price and strong breakout. What's your plan for EJ?
As you can see, the price created equal highs defined as our final target. There are two possible scenarios. Personally, I prefer to see the price move lower once again, and after collecting the sell side liquidity get support from the mean threshold of the order block and the midway of the bullish daily FVG, then we can look for the LTF for entry. It's a...
As we can see, chart is making HL in trend and in Awesome Oscillator, making signals for continuing uptrend. It is HIDDEN DIVERGENCE, and we can trade in the trend for long position. May expect for a new uptrend rally after price reach enough liquidity from support level.
Take a look at our analysis for EURJPY. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 164.049. The above observations make me that the market will inevitably achieve 165.508 level. P.S The term oversold refers to a condition where an asset has...
Bullish indications: Major support respected. Inverted head and shoulder pattern . Bullish divergence Fib level 0.618 respected. Bullish engulfer candle in 4 hr time frame. Trade plan bias long @ 163.774 SL:163.438 TP1:164.122 TP2:164.322
after Jpy news euro JPy is getting strength ,the greater the chances for eurjpy to go forward
Je me suis placé en buy sur l’eurjpy car après avoir fait une analyse fondamentale,et technique complète j’ai préféré me positionner en buy en vue de ma spéculation.
Based on my personal view. The EURJPY pair presents an enticing opportunity for traders considering long positions, as recent price movements and technical indicators suggest a favourable setup for potential upside. 1) Reacted from the Breaker Block: EURJPY recently exhibited a notable reaction from a breaker block. This occurrence signals the strength of support...
I sent out EJ longs this morning for a 1:3rr. Price ended up playing out in our favor! I did decide to close with profits just a few pips short from my target! EJ is still currently bullish at the moment. I would personally wait on price to give some type of pullback before potentially getting into some more long opportunities.
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.