As we can see in the chart a Rising Wedge have formed along a bearish divergence on the RSI which indicated the decreasing Volume and Price is already on the premium area which shall be corrected on the hourly timeframe soon. If this wedge breaks downwards then we can expect the price to test the Daily Trendline for a Higher Low. If this happens then we can...
The EUR is expected to be bearish in the coming days while the JPY will be positive
Based on the strategy, 70% chance of success. We usually have a price reaction or return after reaching the target. The strategy is personal and allows buying or selling only based on the shape of the candle
A pattern with a pattern and the there is a ascending channel with the structure
EURJPY is falling towards an overlap support and could potentially break off this level to our take profit level. Sell entry is at 160.940 which is an overlap support. Stop loss is at 162.840 which is a level that sits under a pullback resistance. Take profit is at 159.471 which is an overlap support level. High Risk Investment Warning Trading Forex/CFDs on...
#EURJPY UPDATE Hey Traders, Hope you are enjoying our trading analysis. We are here to update you about our another analysis about #EURJPY. EURJPY is in uptrend according to the 4 hr time frame. Here we can see that it is forming a new high each time. So we can expect that it will form a new high after retesting the mentioned zone. So we can take a small...
EURJPY Is Heading To The Top EURJPY broke out of a strong resistance zone during the last hours and is preparing for the next bullish move. The higher we go, the more bullish volume will begin to weaken, because soon the price will test a very strong zone. Fading hopes of a possible YCC change from the Bank of Japan is pushing all XXXJPY pairs closer to their...
The pair has climbed and we should now considering re-sell the pair. The stochastic is high up and the pattern provides a little clue that we may topple a bit. my feel is we will, but as always we keep a reasonable SL for the strategy. Strategy SELL @ 161.30-161.55 and place SL above 162.27 for now and take profit @ 158.27.
I think we are hanging around a nice supply zone. it could be a bit risky shorting the price here as we are in a strong bullish run. But I think it's worth the shot to get a nice RR of ~5
Break of channel and cross of MA 100, 200 in 4H TF favor more upside cable. Use proper risk management
Hello Traders ! On Thursday 07 Dec 23, The EURJPY Reached a Support Level (155.372 - 154.420) The Price Formed an Ascending Triangle Pattern. The Resistance Level is Broken. So, I Predict a Bullish Move📈. ----------- TARGET: 161.210🎯
As per my longer term EURJPY video idea last week I have now entered short waiting for the 73% fib to be hit which is my preferred level on retracements. It's a longer term trade so need to let it play out
As per the video entries around now or next week looking to hold on to the short for a while stops where you're comfortable but great risk reward.
Hello traders! ‼️ This is my perspective on EURJPY. Technical analysis: We can see here that price changed the character and started to form higher lows and higher highs, so I look for a long position. I want price to make a retracement to fill the imbalance lower and then to reject from institutional big figure 159.000 Like, comment and subscribe to be in touch...
Intraday bias in EUR/JPY stays on the upside at this point. Current rebound from 159.58 is in progress for a projection to 160.922. A very clear entry for go long for us to open buy trade
Anticipating going short this week on EUR/JPY. Confluences: Major underlying imbalance. 3rd phase of liquidity swept. Double top formed at highest 3rd phase sweep. Follow me to Stay updated and for more trade ideas.
Hello everyone i hope every one have a great profitable week.. EURJPY is on strong buy on bigger time frame the sell trend on smaller time frames is the correction of bigger buy trend, price now reach at main support level and also lower low of bigger buy so its a place to buy.(trend is your friend ;) ... WHAT YOU THINK ABOUT THIS PAIR LET ME KNOW IN...
EURJPY :- Ascending triangle pettern breakout wait for the pullback then entered the trade Entry =159.200 Target = 165.200 Stoploss = 157.200