EURJPY sees a rejection off 159.980 acting as a temporary dip. Hourly suggests a downside move into a much better buying opportunity at more sustainable prices for the uptrend continuation.
I see a quick buy for EURJPY with a little SL, EURJPY is currently on a strong resistance and seems bullish
EURJPY is making higher highs and higher closes on the 4 hourly chart, indicating a bullish trend. Price rebounded from the reaction zone. The market broke and closed above the reaction zone, which is the support level. We expect a breakout of the level, a pullback to it, and then a continuation of the trend since the major trend is...
✅EUR_JPY broke out of The rising wedge pattern And the breakout is confirmed So I think that the pair will Go further down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Bearish Divergence on RSI Double Top pattern Formed Entry at Retest of Supply zone SL - Previous LH TP - Next Demand zone
The pair did go near 160.00 as a correction, and not much more than that. Stochastic is positive now, and it feels we may see higher levels again before lower again. Strategy BUY @ 160.50-160.80 and place SL below the previous low 159.90. Profit objective let's say @ 161.80 for now.
New supply area is created and trendline break. It's time to sell the EURJPY . #supplyanddemandtrading #tradingstrategy #marketanalysis #financialmarkets #tradingsuccess #demandandsupply #tradingtips #stockmarket #forextrading
This pair has broken back into structure after bouncing from a key level, with a large wick on the 4h close, so am no hoping for a bullish engulfing candle on the 1h on at the london open to look for the long back up to top of structure and possibly beyond
FOREXCOM:EURJPY I am re-entering this EUR/JPY short after my previous short hit take profit. After my previous take-profit, the pair retracement but could not break the previous high. In the 15 minute chart, we can see that the previous hour had 3 bullish bars with the 3rd bat being really small compared to the previous 2 bars and the 4th 15M bar was bearish. It...
So as we can see theres a descending channel that has formed , there's 2 things that needs to happen before the trade is completely valid. The descending channel has to break towards the upside , and then the market will need to break the resistance zone @ 160.81 confidently. And then we will place a buy limit at that resistance zone looking for tp @161.40 .
this analysis is the same as the others idea's i post. My trades are based off of the weekly trend
eurjpy 2 scenarios .. 1] buy after the break above resistance level ... 2] sell after the break under support level ....
EURJPY Buy at HL (also 0.5 FIB , trendline support intact ) SL , TP mention in chart
EURJPY is trading close to an overlap support and could potentially break break this level and continue to descend to the take profit level. Sell entry is at 160.439 which is an overlap support level. Stop loss is at 161.737 which is a level that sits above a swing-high resistance. Take profit is at 158.601 which is a swing-low support level. High Risk...
EUR/JPY is falling towards a pullback support and could potentially bounce higher towards our take-profit target. Entry: 160.176 Why we like it: There is a pullback support that aligns with the 23.6% Fibonacci retracement level Stop Loss: 158.608 Why we like it: There is a pullback support that aligns close to the 50.0% Fibonacci retracement level Take Profit:...
Price is moving to the upside in corrective way. The wave structures show a possible WXY complex correction and now we are about to finish wave C of higher degree wave Y. If we are correct we should expect price to drop.