This pair is in between two key levels of structure showing bullish momentum. I have placed my limit order at a 30min zone to be retested before continuing with the uptrend to a 1HR level of structure before falling to retest structure below. Alternatively price can fall to the lower structure before continuing the uptrend.
Hello Everyone, The bullish long-term trend of EURJPY is anticipated to persist. TradeWithTheTrend3344
Price on daily timeframe , found support at 160.211 which is a 61.8% retracement level of February to Mach impulse move to the upside. Later today being Thursday, price is seen tending to fall back to the support at 160.211. A sell opportunity is envisaged from tut current market price of 161.503 Target - 160.211 Stop loss. This week high
Hello traders, we want to check the EURJPY chart. The price is moving in a downward channel and has pulled back to the specified resistance level. We expect this level to maintain the downward trend of the price and the price will fall to around 160,600. Good luck.
I am publishing this Setup after market has given CHoCH at 3 min time-frame, and taken inducement. Thank You.
EURJPY has so much room to fall as we are right at the resistance. Target is around 152.00
I started the week off with 2 losses after getting caught in ranges but I managed to secure a solid 1:3rr on EJ. My original position on EJ was a short entry once I seen price breaking and retesting to the downside but then got stopped out from EJ wanting to continue the range. Longs were taken once price flipped back into the range. If EJ is gonna continue...
Hello,Friends! EUR/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 4H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 160.846...
EURJPY adhered to the supply zone's boundaries and executed a bearish breakout from the rising wedge pattern. Consequently, we anticipate a downward retracement following the confirmation received.
Take a look at our analysis for EURJPY. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 161.571. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 162.497 level. P.S We determine oversold/overbought...
EUR/JPY could rise towards an overlap resistance and potentially reverse off this level to drop towards our take-profit target. Entry: 161.988 Why we like it: There is an overlap resistance level Stop Loss: 161.718 Why we like it: There is a swing-high resistance level Take Profit: 160.382 Why we like it: There is a pullback support level Please be advised...
As we see market has reached a major resistance level, and its evidently retesting and failing to break that level. when we drop to the M15 Chart it is more visible and if market breaks our support level then we expect a retest on the same level for us to enter our sell entries BUT if market breaks the level we can see it heading around 162.565 level to grab more...
Waiting to see what happens with EJ, the yen pairs have been confusing alot of traders over the past two weeks. I have made ALOT of blown accounts in my time when I was up and coming, so waiting for confirmations has been a hard lesson to learn. Overall EJ is bearish in my eyes however I'm still waiting
Hello,Traders! EUR-JPY keep going up But the pair has almost Reached a horizontal Resistance level of 162.127 From where I think We will see a local Bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Although price is trading upwards I am looking for the market to pull back to the neckline of the previous re-accumulation trading and fill the gap in the current volume profile with trading. If the market performs this action advances in an uptrend it will indicate absorption at this level and I will look to take a long when price breaks the neckline of the...
Refer to previous post got early buy setup.. Price in the making of reentry buy in TF 4H + Imbalance zone (discount level). S.O.P: 1) TF1 (H4) - wait h4 cs close reject zone ma 5/10 low. 2) TF2 (H1) - price must close and rejected low BB for the lowest point to buy. 3) TF 3 (m15) - Price must do extreme - TPW - MHV - CSAK Buy - Reentry - CSm buy - Reentry...