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1.) daily 3 pin formation on daily level
2.) daily support level (157.684)
3.) daily orderflow bullish
4.) 4h manipulation wick
5.) strong 4h divergence
6.) broke 4h trendline
7.) no 4h/30 min divergence against us
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1.) choppy price action on monthly/weekly timeframe
2.) no clear momentum on higher timeframes
overall not the best price action but i think...
Hello TradingView Family / Fellow Traders,
📈 EURJPY been overall bullish , trading inside the blue channel and it is currently approaching the upper blue trendline.
Moreover, the zone 159-160 is a robust resistance zone.
🎯 Therefore, the highlighted red circle represents a significant area to consider for potential sell setups , as it marks the intersection...
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 158.43,
Our take profit will be at 156.80, a pullback support level. The stop loss will be placed at 160.33, which is a pullback resistance level."
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for...
tradeplan: SELL EURJPY by excution , maximum risk pips 22 to get series of tp by pips 100 , 200 , 300 , 1000( Qualified swinger) , use small lot sise long term trafe .., ## basing on simple pure price action , falcon risk averse entry . Goodluck 💙
Asian trading volumes on Monday were slightly affected by the Japanese holiday. The yen rose 0.1% after falling to nearly 145 yen to the dollar on Friday.
The earthquake that hit central Japan also caused the Japanese currency to suffer its worst weekly decline since late 2022. Post-disaster economic stimulus and recovery measures could delay the Bank of...
- EUR/JPY's marginal decline influenced risk aversion, as the pair fluctuates within a narrow range.
- Downward trend persists, with potential supports at 157.03, 156.42 and 156.00 level.
- Buyers aim to overcome hurdles at 158.00 and 159.00.
Wow
what a great place for selling EURJPY
On technical side , market is trading at potential supply zone and it can push the market down !
so you can trade at that way !
After making Bearish Divergence on RSI, EURJPY is bearish Trend. it is expected that bearish trend will continue. at breakout below LL will attract sellers.
The EURJPY 1H price formed a megaphone pattern. The price already broke to the downside and retested the support
Additional confluences:
- The megaphone pattern happened on a strong resistance range
- The 20 and 50 EMAs can
My dear subscribers,
This is my opinion on the EURJPY next move:
The instrument tests an important psychological level 157.77
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 158.28
About Used Indicators:
On the subsequent day,...
This morning has seen buyers pushing EUR/JPY higher having found pivot support at 157.73.
With no news to reverse this move north, EUr/JPY would appear for now to be targetting the next major RESISTANCE level at WR1 (1598.87)
Trading seems slow today in the absence of sheduled news so we may see prices drifting sideways somewhat but the overall direction looks...
I sent out shorts on Ej earlier and stated why I was personally looking to go short for a possible 1:3rr. I had targets around 157.121 but decided to take profits at 157.267 for 138 pips. I’ll personally still be looking for shorts since price is still ranging between 158.4 and 155.500.
Macro View:
EUR: Investors globally are reevaluating their dovish European Central Bank (ECB) outlook, leading to an extension of the rebound in Eurozone rates and European Government Bond (EGB) yields. This development enhances the Euro's relative rate appeal, particularly against low-yielding currencies like the JPY and CHF. The EUR's performance continues...
