There a few possibilities on this EURJPY Bullish Idea. From left to right we are looking for a break out of the Resistance and a Retest for the BUY, or a pull back to the floor for the BUY. If price breaks that we could be looking at a possible bearish move down to the other areas of interest. Will update the idea if needs be.
EURJPY we have FVG and we have strong order block at 159.600 price will drop to order block and clear fvg and price will rice to 161.20-162.00
price action 'structure was broken and the price created a fair value which bring back the price to fill the gap for the short continuation of the trend
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
eurjpy long postion 2 idea swing stop loss 160.320 target 161.846
The depicted zones are critical for #EURJPY .The price can react to them and can be entered in long/short positions. Up to your entry type and risk management set TP/SL. Do not forget that you cannot succeed in this market without proper risk management.02/12/2024
placed Buy Order based on Bullish Divergence. its Always better to wait for new HH and setting up conditional pending order buy Stop but here i went with instant order upon formation of hammer after bullish diveregnce. time frame is choosen 15 minutes to do short term sculping.
Currently looking to go long on EJ. With price being bullish last week and creating HLs and HLs above 160.175 it makes sense to go long especially with price ranging between 158.3 and 161.350. Price tapped into 160.4 which was the last support created above 160.175. I’m waiting on price to create a HL and break the HH created on lower times before entering for longs.
Uptrend still in tact, looking for a 4h close and rejection from the blue line with a close and a sign of continuation on a shorter time frame, just need to volume to carry it back up to the 161.500 area or beyond.
Price tested the 4H Support which coincides with an Order Block and 0.5 - 0.618 Fib Golden Zone. Price is in an upward trend. It broke the 4H Resistance too. I think it will retest the 4H Resistance and head towards the Daily high at 161.444. After bullish candle confirmation on the 5 or 15 minute timeframe, I will enter a BUY and target 1:2. TP at 161.44. ...
Hello,Friends! The BB upper band is nearby so EUR-JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 159.518. ✅LIKE AND COMMENT MY IDEAS✅
EUR-JPY is already making A bearish pullback from The horizontal resistance Of 161.404 and I think That we might see A further move down !
Jappy ramped on CPM Extended Indicator Usually if it starts off strong on London Open it continues Over Extended also Traders are 88% Short Main Target 324 pips away Will Target Order Block Area Quite a deep break of Support Should continue with out Pull back above Will See : )
please make sure of them and do not risk, this is our analysis and ideas. Please observe the capital carefully and do not risk more than 1% of your capital Good luck to everyone
No change in view. I feel we may see a move lower back to 159.07 short-term. The pattern resembles a "false bull flag" and this suggests we will see lower overtime. we can only not predict the movement before the decline, of course. Strategy SELL @ 161.00-161.30 and place SL above 162.00 and take profit @ 159.27.
Fed officials last week again signaled the U.S. central bank has no pressing need to cut rates. The message gave the dollar an extra tailwind that pushed the yen to a 10-week low as traders reduced bets on how quickly the Bank of Japan (BOJ) might raise rates. BOJ Governor Kazuo Ueda said on Friday there was a high chance for easy monetary conditions to persist...
I posted this setup previously, the market follows structure and is very bullish at the moment. the market is busy forming a double top pattern but, if the structure is broken and the double top is not respected, wait then for the retest on BOS and go long to the high! If you are interested in my setups and would like to learn my strategy and how I see the...