this pair made a breakout so were expecting a retracement and another strong move trade carefully trader ernest
Strong support level matches .328 Fibonacci level as price retested, and following a upper trend we might see a profitable long position chance.
✅EUR_JPY will be retesting a support level soon of 163.400 From where I am expecting a bullish reaction With the price going up but we need To wait for a reversal pattern to form Before entering the trade, so that we Get a higher success probability of the trade LONG🚀 ✅Like and subscribe to never miss a new idea!✅
EUR/JPY Market create the choch and imbalance wait for fill the liqulity and touch the ob zone
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Trend on the jpy crosses were mostly to the upside, pullback was seen on last thur,fri, currently lets see how the trendline and key support holds. will it propel it higher? This is same for EJ. UJ has a potential double tops.not confirmed yet though Do check out my...
EURJPY Looking at the Daily where do you think it's going to bounce up?
Hello,Traders! EUR-JPY went down to Retest the horizontal support Of 163.450 from where I will be expecting a Local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Looks like we have plenty of room to come shorter. We are in the upper part of the channel and their is a key support level we can hit or the bottom of the channel. Strong bearish candle also.
Price is approaching a demand zone (rally-base-rally area). Watch out for break of structures and liquidity to determine where price will go from there. Good Luck!
Pair is on an uptrend making a series of higher highs and low. It has broken previous high and is making a correction to an area of interest which was tested multiple times in the past. I think pair will made a bounce from the demand zone.
We may move little lower near 163.00 before we will move higher again. The stochastic is low, but still may have some further to go, and the GANN support only lies around 162.67, which will attract likely the sellers. Strategy BUY @ 163.07-163.40 and p;ace SL below 162.47 for now. Profit order place it near 164.97.
Good afternoon guys, I wish you a good weekend, I share with you my next trade idea to start next week, the eur jpy pair has fallen back to 50 and 61.8 fibo, above the 163,500 area, above the highs of February 26 and on March 4, the MACD shows me a cross of averages, together with the stochastic, in this area which I marked with a blue rectangle, there are several...
Bullish indications: Resistance break and acting as support. Almost a inverted head and shoulder pattern . Bullish engulfer candle in day time frame. Fib level 0.382 respected from the bottom rally 155 Made a new high. Trend line resistance broken . Trade plan bias long @ 161.650 SL:160.891 TP1:162.416 TP2:162.844
FX:EURJPY EURJPY surged with impulsive movement to the upside after breaking above the 78.6. The market retested that area multiple times after the break, establishing this area as valid support. After a few tests of the upward trendline, the bulls ran away. Price action led us to the 165.000 area before consolidating. The break below that range area shows the...
EURJPY - Intraday Price action looks to be forming a top. A lower correction is expected. Short term bias is bullish. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Further upside is expected although we prefer to buy into dips close to the 163.40 level. We look to Buy at 163.40 (stop at 162.30) Our...
reason: market structure = bullish fair value gap break of structure
Trade Call: Short Entry: 163.646 SL: 164.810 TP 1: 162.471 TP2: 161.295
HELLO TRADERS As I can see EURJPY is testing a strong support zone on Friday. we expected on Monday markets opening it will start to move upside till design given levels Friends it just a trade idea Kindly share Ur thoughts with us on EURJPY. Stay Tuned for more Updates!!