this pair is going up inside a parallel channel trend is bullish until trend line breaks bearish if trend line breakout (breakout retest repeat)
Well after all fun this pair has been stuck here but we put this trade out last week and there is another go right now... if the entry fails by 15 pips it may be rejected.
✅EUR_JPY has retested a key resistance level of 165.178 And as the pair is already making a bearish pullback A move down to retest the demand level below at 164.000 is likely SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Here I have EURJPY on the Daily Chart! Currently you can see price back up at the Resistance Area of ( 164.3 - 165.3 ) after having tested the Rising Support 4 times with each time successfully having Strong Bullish reactions ... this Price Action has formed what looks to me to be a Bullish Triangle Pattern! Fundamentally, there's a lot to unpack but with JPY...
Thesis: EJ has tapped into previous day support. It has since then printed a ‘morning star pattern’ that has been retraced 50% into by the following hour candle which ‘closed bullish’.
EURJPY is in a support and resistance zone with double touches, making it little stronger and we can see price tap the second time and if we zoom to the 30mins TF, we can see it clearly. We wait for breakout and retest and we go short
This is my current following on EUR/JPY Bullish movements as of lates, still waiting on the next area of interest to confirm, most likely going into next week Market sentiment is still bullish Big Trend line is still bullish Most likely we will see a pull back sometime into next week, by that time I'll be able to upgrade the chart and track movements until...
EURJPY is moving in an ascending channel. The volatility continues to decline, which means that a new impulse is about to emerge. The price is approaching the psychological resistance level of 165. The chart has already reacted twice with a sharp decline after reaching the dynamic resistance. We expect a pullback to the 50% retracement level after the...
The EURJPY has retraced back to our designated sell zone, presenting another favourable opportunity for a short position. TP and SL are marked. Always follow risk management Check our past performance
Eur :- Interest rate cut expected difference JPY: - Possible intervention (yen rally) Technical and other Setting :S (RTF) Set time frame :4 hours Trigger :1 h Medium term: horizontal Long-term: Upward trend Minimum goal: local support Risk :0.36% Entry: Sell limit
EURJPY is in a bullish trend making Higher-Highs and Higher-Lows. The trade plan is based on Entry at the breakout of previous High and Stoploss below previous low of the trend. TP1 is 1:1 and TP2 is 1:2. There is no divergence on RSI and no break of trendline so the trend will most likely continue in its direction.
News conformation on the bullish EUR this week as YEN shows bearish signs. Trade is running.
𝐀𝐔𝐓𝐎𝐌𝐀 - Weekly Bullish and Bearish POI for HOR/LOR Setups
EurJPY retested support after touching trend line two ways to trade this is to wait for indecision candle on the 12 hour or 1 day using heikin ashi or wait for the trend to break. Since i already made profit on this trade last week I’m risking half my profit to continue on this trade. happy trading
According to my my Fibonacci, technical analysis , EURJPY in moving in a consolidation Zone between 0 and 100 percent Fibonacci zone, i believe breaking out the 100% Fibonacci level means that we broke out the consolidation zone and we will go long to the 150/161.8 zone.
EURJPY Short at LH (also 0.618 FIB , bearish div occur) SL , TP mention in chart Analysis at 4 hour
Last week, EUR/JPY respected the uptrend it has on the 4HR timeframe and moved about 250 pips from the previous area of support at 162.500. We can see that it has been holding the 165.000 area as a strong resistace where price has tried to break it a couple of times but has always rejected. As it has been in an uptrend, we could see a potential break of the...
Only keeping track of movements, I don't like to predict, but I do like to take consideration of Fibonacci for possible areas of interest. I prefer to be bullish due to market sentiment as of late, and not enough information to convince me to take any short positions at the moment. The latest movements remind me of a wave 3, then expecting a sharp pull back,...