eurjpy is bullishThe Euro vs. the Japanese Yen. The Yen is a historically low-yielding currency, influencing traders to borrow cheaply in JPY to purchase higher-yielding currencies, including EUR. Because of this the pair is sensitive to broad-based market sentiment trend swings.Longby forexmaster427Updated 1
Eur JPY set for some turbulenceHi Guys , Just quick update re the Eur Jpy pair I had posted about earlier. It seems like we may get to test the order block pretty soon. Price is still sitting atop the 5dma , so buyers really forcing this thing up into the order block zone where the bearish bat also has entry level. Price also bounced bottom of the channel and I think we may get little resistance at the highlighted small rectangle before heading into the order block zone. Safe trading allShortby elyask1200
Eur JPY heading towards selling pressureHi Guys, The Eur Jpy has made a strong move up over the last few days culminating in a double bottom on the daily with a bullish hammer candle on the 50 MA ( orange line and AVWAP from the low (black line). The 20 ma (blue line) was resistance and then support again with another hammer candle on top and price is now over the 5MA , again indicating the strength of buyers. The pair is heading towards a daily order block ( 24/11/23 candle... red shaded rectangle) that was left from the sell off and the intensity and measured distance of the selloff from the order block leads me to believe that there will be a strong reaction once / if price gets there. A bearish bat is forming with excellent fib ratios ( this bat meets the required 38.2, 88.6, 88.6 & 1.618 to 2.618 measurements very closely.) I recently posted about possibility of sellers stepping in at around the 161.8 price level but price has closed above the high there and null and voided that idea once the hammer and double bottom were printed, so I'm anticipating a move up to the order block from here. The black line just above the bat completion point is the 61.8 fib extension of the 7.12.23 low to 19.1.24 high to the 1.2.24 low which is the weekly impulse move from the low and the point in the order block where we may see a dramatic drop in price. That level aligns with the body close of that days candle so those two factors will make it an important price level to watch out for. There is a bearish rising wedge ( channell if you start the trendline bit lower) that is also heading into the order block zone so I'll be monitoring lower time frame to enter trade/s as the movement in price in these order blocks happen so fast getting early entry with stop above the order block high often makes it a better play than waiting for change of charater etc... so long as one is still managing risk and position sizing accordingly. There are numerous other channels, trend line formations and patterns taking place that I won't go into here but we should definately see some action with this pair, likely this coming week. Hope you find some of this info useful Safe Trading all.Shortby elyask120Updated 225
EURJPY-bias short Bearish indications: Trend line support broken. Support broken at 161.565 Bearish divergence. Bearish divergence from top. Evening star and bearish engulfer candle in 4 hr time frame. Bullish indications: HHHL intact in 4 hr time . Trade plan bias short @ 161.538 sell stop SL:161.845 TP1:161.227 TP2:160.968Shortby gouthamkulal1Updated 1
EUR/ JPY !! 20/2/2024 Resistance zone, SELL NOW⭐️ Smart investment, Strong finance ⭐️ Personal comments NOVA: Strong resistance zone at 161,900, no important economic data today, correction DOWN ⭐️ SET UP EUR/ JPY PRICE: 🔥SELL zone: 161.870 - 162.070 SL 162.370 TP1: 161.570 TP2: 161.270 TP3: 160.870 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longestShortby Nova-ScalperUpdated 667
EURJPY SHORT POSITION#eurjpy Price has formed a Reversal pattern of rising wedge and it's breakout and bearish divergence can be seen on RSI is well. Price moved in one Direction and hit the horizontal resistance on higher timeframe and created double top pattern is well. This is very important zone if price rejected from this zone we may see good bearish move towards the support zoneShortby iiarvm112
BULLISH TRADE IDEA on EURJPYGiven the up trending market we are looking for a possible BULLISH move. We are awaiting the break of structure to the upside with a possible retest. However we may also get a short term sell to the next support area with a possible break of structure to the Floor. Either way we are ready for the market. Please observe confirmations on the 5min time frame for entry. Longby Yourlifematters1
EURJPY Buys Rolling Have a trade floating open on EJ currently I'd like to explain why I took this trade I have 5 questions I needed to get answered, they are as follows Question 1 - Is EURJPY in momentum (bullish or bearish)? Question 2 - Who is interested (at this time)? Question 3 - Where are their stop losses? Question 4 - Have those stop losses been taken out? Question 5 - Does the set up make sense to me to pursue? So let's answer those questions Q1 - Ej is in bullish momentum (confirmation on the higher timefram) Q2 - Buyers would have been interested above this level (orange zone) Q3 - Buyers stop losses would have been below the zone (orange line) Q4 - Buyers stops may have been taken out with that recent spike low Q5 - Yes, I do think it makes sense for me to attempt to pursue a trade on this asset So far it is just about 20 pips in profit, but with a 10 pip stop loss this trade literally just needs to go about 50 pips or so to give me a 1:5+ Upvote if you agree with my reasoning OR Downvote if you didn't read and didn't attempt to understand my reasoning Look at Ej for yourself to see if you think buys would have made sense to you hereLongby Brandon_evo4Updated 3
Expecting a sharp sell off in EURJPYSeems like EUR JPY is forming ending diagonal in Wave C of Wave B. Expecting a move down after 5th wave of diagonal is done. Shortby Indiabulls13835
EURJPYPair : EURJPY ( Euro / Japanese Yen ) Description : Completed the Impulsive Waves " 123 ". Break of Structure and Completed the Retracement. Bullish Channel as an Corrective Pattern in Short Time Frame. RSI - Divergenceby ForexDetective227
EurJPYBearish market stars for EURJPY . based on RSa we can see bearish devergence. TP will be on support zone. This is just my idea not indicator ;) Shortby AminaghaDadash1
EURJPYBased on the daily timeframe, eurjpy appears to be adhering to an ascending channel, with the completion of the 5th Elliott wave and the subsequent ABC wave pattern. Currently, it has reached a 78% retracement of the last impulse move, indicating a potential reversal. As the (B) wave concludes, the price is likely to descend further to complete the (C) wave, conforming to Elliott Wave Theory principles. Traders may anticipate further downside movement in the near term.Shortby forex_info117
EURJPU UNIQUE IDEAHey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about EURJPY. EURJPY is making Bullish pennant Pattern. We can see a good drop in price here. We can see drop upto 100Pips+. Keep in touch we will update further soon.Shortby Williamforex1
Possible Bearish IdeaPrice has found support and may have formed a DT on 4h. Price is also at the top of the Keltner channel. 4h is still a bit overbought so I do believe there will be some downward pressureShortby Kevins19871
EUR/JPY BEST PLACE TO SELL FROM|SHORT Hello,Friends! The BB upper band is nearby so EUR-JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 160.556. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 3310
Critical Zone for #EURJPYThe 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.02/19/2024by FarshidEMPTRD0
EURJPY SHORT?Price near resistance zone. Could be a reasonable pivot are where price could test one of the few support levels below.Shortby Redimere_910
EURJPY IS MAKING RISING WAGE+BEARISH DIVERGENCE EURJPY is making rising wage with bearish divergence accourding to my analysis and previous data it will be reverse the trend from bullish to bearish Shortby rizwanahmed06034
EUR/JPY Peaks, Targets 3-Month HighHello Everyone, Fluctuations are anticipated as EUR/JPY has reached its one-week and one-month peak at 161.954, with further volatility expected as it approaches the three-month high of 163.724. TradeWithTheTrend3344Longby TradeWithTheTrend33441
EURJPY Here is my view that creates a Buy Opportunity which is going to happen soon.Longby ashishbelieves0
EUR JPY 4 HOUR LONGEUR JPY managed to break 160 and this is considered bullish. falling down on 161 level for now. support line as it is it could push EUR JPY back to 162 TP 162 Longby THE-real-DealUpdated 6