EURJPY - Classic bearish formation - Our team expects fall SUGGESTED TRADE: Swing Trade Sell EURJPY Entry Level - 161.12 Sl - 161.75 Tp - 159.85 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
eurjppy sell idea, fair value gap, Order block, trend confirmation.
1-Month High (161.858) is a strong resistance. EURJPY has lost its upside momentum, so consolidation is underway, at least to a more significant support at 158.070. Technical data is supported by signs of recovery in the Japanese yen.
EUR/JPY is in the process of possibly carving out an M-Top candlestick pattern at a level of historical resistance. The neckline comes in at 160.74 which will be our entry. We are looking for a 1:1 trade so our STOp is above the last high and our take profit comes in at 160.24 though this is below the 2090 EMA on H1 and its likely that if the trade does trigger...
The EURJPY could continue with the bullish momentum and rise to take profit level. Buy entry is at 161.721 which is a swing-high resistance. Stop loss is at 160.249 which is a level that sits above the pullback support. Take profit is at 163.649 which is a swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of...
The pair is starting to look bullish and not bearish anymore. we have moved out of the flag pattern, and it did not give much mileage. The stochastic starts turning, so I feel we may see a 162.00 test coming week(s). Strategy BUY @ 160.90-161.10 and place SL below 159.95 and take profit @ 162.37.
An intriguing trade opportunity has been identified on the 15-minute chart involving a type2 Bearish Gartley Pattern. While it may not appear significant on the shorter timeframe, looking at the Daily Chart provides a different perspective. Utilizing the Combo Trade Management System and targeting the first level of support can yield attractive returns. What are...
Hi Guys, After 3 weeks of inevitable selling pressure the Eur Jpy has returned to the scene of the crime for another showdown. The big M resistance to the left was always going to ensure that bears would take control wheln price arrived there after the big selloff. Price has also formed a wedge that could break either way ( looks more likely to the upside. I...
This morning I posted a long idea for EJ and stated my reasons for going long. Even with price going into drawdown longs were still valid unless price would have crashed below the last supported created being at 160.450. I was waiting on price to creat a HL and HH on lower times frames above 160.450. Price gave a potential HL which is why I went long with entries...
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.