hi traders ..... In my opinion EURJPY can resume the bullish trend on 1H
The market created a qml a the bottom so it will have to come for internal structure before the long run upwards
Short Position Setup Expected on EURJPY Pair based on Bearish divergence expected at the Resistence level though Resistence zone is not that strong but still we can expected bearish trend to start. setting up SL with strong Risk management by taking small lot size will always best plan to take up and cherish. :) what are your thoughts on this analysis.?
Last week, there were fireworks across all JPY pairs, with each hitting multi-decade highs. Notably, EURJPY reached an all-time high, peaking at 171.5 before experiencing a sharp drop due to two rounds of intervention by the Bank of Japan (BOJ). So, what’s next for this pair? This week, it’s been slowly creeping back toward the zone where the second round of...
The "bullish crab" pattern is a specific harmonic pattern utilized in technical analysis to identify potential trend reversals in financial markets. It's considered one of the more advanced patterns and is based on Fibonacci ratios and geometry. Here's an overview of its main characteristics: 1. **Initial Move (XA)**: The pattern starts with an initial move from...
Resistance spotted at 167.7 zone, considering the TF, it is wise not to ignore. Hence the possibility of heading back to 164 region is high. Trade with caution, as this is not a financial advice, cheers
Esteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
Like, comment and share with your peers! Hi Friends, Price was able to close outside our recent range (see 30 minutes time frame), so i'd expect that momentum to continue but not without multiple retest of this recent range. With that said, find the following focal points; Entry - 168.646 to 168.728 area Textbook SL 168.396 (means flexible - put SL as occasion...
Like, comment and share my analysis with your frineds Morning Friends, EJ has a very strong bullish outlook and will most likely continue pushing up. Entry - 167.650 - 167.721 area SL 167.397 TP 168.507 Warning : trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose. You are advised to...
EURJPY - Classic bearish setup - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short EURJPY Entry Point - 168.43 Stop Loss - 169.50 Take Profit - 166.51 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
ive had a few trades in this great and easy to follow trend and all trades hit TP
And on the EURJPY currency pair...any close of the price above this area on a 4-hour scale, the price will continue to rise from it directly without returning to the correction with the trend line...but it is expected that the price will return to falling from the current resistance area because it is very important and strong on the scale. . Weekly and monthly....
The price of EURJPY will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair. ❤️ Please, support our work with like & comment! ❤️
A great opportunity to short after a break out and previous highs. Tight stop and good luck
Trailing stop on EUR/JPY after 3 days of profits .I am still on the trade as well the same on GBP/JPY and CHF/JPY both with the same fundamentals and chart patters. Hope BOJ dont intervene this week.
According to : uptrend channel Convergence on CCI TP and SL is clearly showing
- Looking in this zone to short - Retrace move back up has been long, and looks corrective - Hidden Bearish divergence on RSI - Zone of interest is 1.27% inverse of last drop, as well as short run (not reaching the 61.8%)
EUR/JPY Technical Analysis: - Current Pattern: Rising Wedge - Implication: Bearish (Potential Price Decline) - Expected Target: 0.382 Fibonacci Retracement Level