✅EUR_JPY is trading in an Uptrend along the long-term Rising support line and the Pair is going down to retest The support from where I will be expecting a Bullish rebound LONG🚀 ✅Like and subscribe to never miss a new idea!✅
I see the possibility of a five-wave drop. It's going to break down the low.
EURJPY is following bearish trend. It is making lower low and lower highs continuously. And we also see that it not created any diversion below 30 area (RSI). So, It seems bearish for now
EURJPY is forming a descending triangle, indicating a potential downtrend. However, we will place a pending sell order at the retest price around the key levels of 163.250 & 163.275.
SHORT TERM : EQUAL HIGH WICKS , VERY STRONG DRAW ON LIQUIDITY. PRICE MIGHT HUNT LIQUIDITY ON TOP TO MOVE TOWARD THE DOWNSIDE TOWARD THE 4H FVG AND TOUCH THE 4H OB MAKING A WICK (Only entering a short when i see a market structure shift on 1M timeframe) Could TP half on 162.971 and Close trade on 162.686
After the triangular pattern, we see the possibility of a rise. It will break through the highs upward.
📊 Explore the dynamic world of forex trading with our latest video on the EURJPY current market outlook! Join us as we analyze the movements of the Euro (EUR) against the Japanese Yen (JPY) pair, offering valuable insights into current market trends, key support and resistance levels, and potential trading opportunities. Whether you're a seasoned trader or new to...
well i have been looking to go long on EJ for a while, with the weekly and daily structure currently bullish, we are having a decent pull back right now. if price gets to this demand area and it holds thats a very good opportunity to go long on EJ. If this hepls kindly support my analysis. Thank you.
Disclaimer: Please remember I am not a signal service. All trade ideas and analyses shared are only my views on the markets. When we open a position it means we may lose, so manage your risk, and accept only what you can bear. I am also trying to do that. Always follow your trading plan, trade management, and risk management. There is no place for luck in...
FX:EURJPY Preference: We have reached a key area with EURJPY. On the 30-minute time frame, we have consolidation underneath the 38.2 level on the Fib. There was also a double top pattern printed on the 30 min that aligns with the 38.2. There are multiple rejections at this level, and the momentum is on the bear's side. If the price fails to break above this...
Price is currently at an overlap resistance level and could reverse from this level to our take profit Entry: 163.446 Why we like it: There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement Stop loss: 164.364 Why we like it: There is a pullback resistance level Take profit: 162.661 Why we like it: There is a pullback support level...
fundamentally EUR is stronger than JPY currently. i saw a breakout and retest, so im expecting a buy to the up side
FX:EURJPY 4H Time Frame Trade Idea for the Week 4/1/2024 TO 4/5/2024
EURJPY reversing upwards, mainly every eur pair is moving upwards cz eur is gaining more power, is my analysis good? one way to find out!
EURJPY Long We can see a clear uptrend with more room to higher prices. Price is slowly treakling down to this area so lets we can get a good entry on this level.
Wait for retest the key level then take a trade for Sell otherwise skip this setup
EUR/JPY -eur/jpy have IMB and lq under the price -If the price mitigate our demand don't enter without confirmations
We see the possibility of a drop after the ABC close. It's a zigzag pattern.