EURJPY 4hour Analysis January 22nd, 2023EURJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Looking bearish on EJ with some dramatic swings in both directions as of recent.
Going into this week we want the bearish trend to continue but we need to see more clear price action. Ideally, price action slows down and shows us clear rejection from 140.750. A little bit of consolidation would do us good at this moment.
If this happens we can consider shorts down to 138.000 support.
Trade scenario 2: If we want to consider long scenarios we need to see price action push through 140.750 resistance and start forming structure above.
Eur-jpy
EURJPY short flag patternHere are few points i am looking for this trade
1.Compare to the last leg up ,we can clearly see Seller are taking control
2. Price in the Overall down trend (ranging market condition ) (if price breaking new low, good chance there are trending move )
3. Price are weak !! Consoildate in a lower level and trying to set up a break out move
4.IF there any small break out set up even incress our risk and reward
5. Target 2times Flag pole
EURJPY Potential For Bearish ContinuationLooking at the H4 chart, my overall bias for EURJPY is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 140.167, where the 38.2% Fibonacci line is. Stop loss will be at 142.939, where the previous swing high and 50% Fibonacci line is. Take profit will be at 137.385, where the previous swing low is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EURJPY - Trend-Following Sell Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
EURJPY is overall bearish trading inside the falling broadening wedge in red.
Moreover, the zone 145.0 is a strong supply zone .
So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the orange supply zone and upper red trendline. (acting as non-horizontal resistance)
As per my trading style:
As EURJPY approaches the upper purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURJPY Potential For Bearish ContinuationLooking at the H4 chart, my overall bias for EURJPY is bearish due to the overall price moving along a bearish trendline, indicating a bearish market. Looking for a sell stop entry at 140.167, where the 38.2% Fibonacci line is located in order for a market structure break and to ride the bearish momentum. Stop loss will be at 142.939, where the 50% Fibonacci line is. Take profit will be at 137.363, where the previous swing low and equal lows are located. Equal lows do indicate underlying liquidity in that area.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EURJPY - Now Wait For Bears!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last analysis (attached on the chart) we were looking for bulls to take over around our green support.
on DAILY: Left Chart
EURJPY traded higher and now approaching the blue resistance zone, so we will be looking for sell setups on lower timeframes.
on H1: Right Chart
For the bears to take over, we need a break below the previous low in gray.
Bear in mind that EURJPY can still trade higher, dive inside the resistance zone and then form a new swing low. In this case, we will update our gray zone (trigger swing)
Meanwhile, until the sell is activated, EURJPY can still trade higher inside the daily resistance zone or even break it higher.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURJPY looking for the 50% 🦐EURJPY on the 4h chart has tested a confluence zone and is currently retracing to the upside.
The price after the drop might look for the 50% retracement and we will monitor the pie around that area.
How can i approach that scenario?
I will wait for a possible inversion around a a FIB zone and if that will happen i will search for a nice short order according to the Plancton's strategy rules.
Being the last trading week of the year we might see some low volumes in the market.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURJPY - Wait For Bulls!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on DAILY: Left Chart
EURJPY is stuck inside a range and currently approaching the lower bound / support, so we will be looking for buy setups on lower timeframes.
on H1: Right Chart
EURJPY formed a 123 pattern but it is not ready to go yet.
🏹Trigger => for the bulls to take over, we need a momentum candle close above the last high in gray.
Meanwhile, until the buy is activated, EURJPY can still trade lower inside the daily support zone or even break it lower.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURJPY 4hour Analysis January 1st, 2023EURJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking majorly bearish on EJ going into this week as we just saw a break of our 140.750 support.
The most likely scenario is price action forming a lower high below 140.750 which we can enter short on.
Trade scenario 2: If we want to consider EJ bullish we would first have to see a break back above 140.750 with a higher low above.
EURJPY This will determine the trend for the next 3 monthsThe EURJPY pair hit this week the 1D MA200 (orange trend-line) and seems to be holding it as a Higher Lows Support within the Channel Up that started in April. We first looked into this Fibonacci Channel approach in September and gave us an excellent dump and pump trade:
At the moment, as long as this week's low holds, we are expecting the Channel Up to make a Higher High within the 2.0 Channel Fibonacci and 4.5 horizontal (151.000 - 152.550) in the next 3 months. However, with the RSI on the 1W time-frame on Lower Highs while the price has been on Higher Highs, indicating a huge Bearish Divergence, we will turn bearish if the price breaks below this week's low and target the 132.000. The 1W MA200 (red trend-line) is the long-term Support.
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EURJPY - Bears are in controlEURJPY - Intraday - We look to Sell at 141.65 (stop at 142.50)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. We are trading at oversold extremes. A higher correction is expected. Our short term bias remains negative. We look to sell rallies.
Our profit targets will be 139.20 and 138.45
Resistance: 140.90 / 142.70 / 144.85
Support: 139.10 / 136.95 / 133.40
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Joe Gun2Head Trade - Continued Yen strength?Trade Idea: Selling EURJPY
Reasoning: Failed on retest of top pattern
Entry Level: 139.93
Take Profit Level: 137.36
Stop Loss: 141.02
Risk/Reward: 2.37:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Eurjpy ShortAfter Japan's central bank announced interest rate, Japanese Yen took advantage of it and Yen reacted positive against other major currencies. on EURJPY pair i am considering a small scalp short possession toward 138.03 area before i take another decision whether i take a buy from there or stay away till next year to see more clear vision.
Please note that this is not a financial advise and you always have right to take your own decision.
Goodluck.
EURJPY: Classic Bullish Setup 🇪🇺🇯🇵
On a today's live stream, we discussed EURJPY.
The price has recently broken and closed above a resistance line of a bullish flag pattern on a daily.
We see its retest now.
Testing that, the price formed an ascending triangle formation on 1H time frame
and broke its neckline then.
I expect a bullish move to 145.44 / 145.9 levels now.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️ [/b
EURJPY 4hour Analysis December 18th, 2022EURJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bullish
Trade scenario 1: Looking newly bullish but we still have to get through key resistance at 145.000 to confirm the new 4hour trend.
Going into this week we want to look for reactions from 145.000 as it is the zone that is holding the daily trend. If we break above, look for a higher low to enter long on.
Trade scenario 2: If we reject from 145.000 resistance we may be looking at a reversal back down to 143.000. At the moment this looks like the most likely.