EURJPY has just break the market structure and price is in uptrend and currently market is at breakout position of ascending triangle. Wait for break out and mark the targets on the chart.
Long Idea Trend Channel EUR JPY 📈 Buy Price area 163.800- 163.900 TP1: 164.679 Tp2: 166.500 SL: 163.292 Rrr: 5
With price still being bullish and making new highs on the higher time frame I personally decided to go long on EJ for a potential 1:3rr. Price did crash below a weekly high being 164.198 but bullish structures here could still be in play. I’m targeting the area I was looking to go short from. I’ll still go short from that area if price flips on time frames if not...
The EURJPY pair is very close to our 168.000 Target that we set on our last analysis (December 13 2023, see chart below): That is at the top of the 2-year Channel Up that started on the March 07 2022 Low. Technically after that, it calls for a short-term trend-reversal. As a result we modify the bullish Target to 167.400 and then will go for a short-term...
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