In this chart we simply applied Dow Theory because there is no divergence on RSI indicator. So I simply placed a buy stop order in which my entry point is slightly above from previous higher high and stop loss is on last lower low.
Waiting for an entry pattern at 159.129 to short EURJPY back to Daily key level at 154.806 If you agree drop a like and if you have any questions leave a comment :)
eurjpy 2 scenarios . 1] buy after the break above the support level and follow the uptrend channel .. 2] sell after the break under the support level ...
Still very much on an uptrend and it could reject from were price is, but I would prefer a deeper pullback and a rejection from the yellow line with a 4h close to take price up to previous high
Over the past week, the EUR/JPY currency pair has been influenced by a series of significant economic indicators, primarily emanating from the challenging economic situation in the Eurozone. Simultaneously, the Japanese yen experienced mixed sentiments, driven by fluctuating economic data and speculations regarding potential interest rate hikes. Additionally,...
Hi Traders, I hope you are well. EUR/JPY continues its correction into support, where it's likely we should see a rebound off Liquidity Zone, Target will be the High Liquidity Zone at the top of the chart. Chris
We had a pretty short touch on eurjpy, bit late for entry but still valid for the short, lot of sellers there...
I have drawn the desired pattern for the eurjpy , it is very simple and the price moves based on up and down and I have left you a suggested setup.
Bullish structure on a 4H TF, Structure broken to the upside, price is correcting right now, we waiting for the price to tap the demand zone, then we'll wait for a buy setup confirmation on smaller timeframes..... the plan is to ride it all the way up to the next Supply Zone.
Eurjpy D1 we have price bullish covering the sell candles it made a while ago Eurjpy H4 we can see price making more highs and then finds it’s support I expect price to hold that support if we want to continue bullish and push up to 159.952
Currently EURJPY in a downward trend, but when we break the red average indicated by the blue arrow and enter the green zone, we open a sell deal.
I will be closely watching this pair in the upcoming week. EJ have alot of potential to break its current trend and fall below marked area (157.688-157.300), but can bounce of the previous HH which in then turned to support (158.611) another beautiful trade pending be on the look out.
I am expecting price to clear some zones, we gonna see some bearish moves next week
Trade Plan: Analysis Time Frame: 1 HR Order - Sell Stop Risk on Account 2% Entry Price: 158.577 Stop Loss: 159.018 TP1: 158.1360 TP2: 157.6950
Hello traders, we want to check the EURJPY chart. The price is in an ascending channel and after breaking the specified resistance area, it has pulled back to this level again. We expect this level to maintain the upward trend of the price and the price will grow up to around 161.300. Good luck.
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the EURJPY pair price action which suggests a high likelihood of a coming move down. ❤️ Please, support our work with like & comment! ❤️
FOREXCOM:EURJPY The previous trade closed out at a TP level. The trend continued to retrace back my original trades entry. Now there is short-selling momentum so I am reetering the trade. This should be short-term and low risk.
Price is falling towards the support zone which also aligns with the 100% fib projection and the 61.8% fib retracement. I believe we could see a bullish bounce from the zone to the upside. I'm bullish biased.