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Eur-jpy

EURJPY Huge bullish break-out!The EURJPY pair emphatically broke above the June Resistance Zone confirming our view of the market since early August. This continues to repeat the fractal of 2020 as we pointed out in our last analysis: This helped us make this accurate projection as the price got rejected initially on the Resistance Zone and after pulling-back to the 1D MA50 (blue trend-line) it rebounded again emphatically above the Resistance Zone this time and even hit the 4.0 Fibonacci extension, which was our Target. If the fractal continues to play out, then we should see an extension of this rise to the next Fib 4.5 which is at 152.550. Basically based on the RSI on the 1W time-frame, we are in a spot similar to late February 2021, after the RSI broke above its Lower Highs trend-line. Only a closing below the 1D MA200 (orange trend-line) can reverse this long-term bullish trend and drop the price as low as the 1W MA200 (red trend-line) and the bottom of the 2021 Fibonacci Channel. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
EURJPY 4hour Analysis October 30th, 2022EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: EJ is still holding at this high and is still overall bullish. Going into this week we’re looking for bullish rejection from 146.250 minor support. Essentially we want to see a clear continuation up to 148.000 resistance. Trade scenario 2: If we are to consider EJ bearish this week we would need to see a break below 146.250 with a confirmed lower high below.
Long
by ForexLeague
EURJPY 4hour Analysis October 16th, 2022EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: All timeframes are back to bullish trends and price action is now right near a key zone, 144.000. Going into this week it’s more likely that we will continue bullish and see price action break 144.000 and form a higher low above. Look to target toward 148.000 if this happens. Trade scenario 2: If price action falls back through 144.000 look for strong rejection + bearish variations to confirm a new bearish trend.
Long
by ForexLeague
EURJPY can move further low? 🦐EURJPY on the 4h chart after my previous analysis dropped to the 138 level as expected. The market retraced then at the 0.786 Fibonacci level and is now trading above the 0.5. How can i approach this scenario? I will wait for the EU market open and if the price will break below i will look for a nice short order according to the Plancton's strategy rules. --–– 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.
Short
by InkyGrip
4
EURJPY 4hour Analysis October 9th, 2022EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: EJ has been overall very bullish but here on the 4hour timeframe we’re looking more bearish, especially after the recent break of our 142.000 zone. Going into this week we’re looking for the 4hour trend to continue bearish. We will look for short scenarios after a confirmed lower high forms below 142.000. Look to target lower toward 140.000 support. Trade scenario 2: For us to consider EJ bullish again we would first need to see a break back above our 142.000 zone with a higher low above.
Short
by ForexLeague
EURJPY ends the retracement? 🦐EURJPY on the 4h chart after my previous analysis dropped to the 138 level as expected. The market retraced then at the 0.786 Fibonacci level and is now trading above the 0.5. How can i approach this scenario? I will wait for the EU market open and if the price will break below i will look for a nice short order according to the Plancton's strategy rules. --–– 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.
Short
by InkyGrip
6
EURJPY can move further low? 🦐EURJPY on the 4h chart after my previous analysis dropped to the 138 level as expected. The market retraced then at the 0.5 Fibonacci level and is now trading above the 0.382. How can i approach this scenario? I will wait for the EU market open and if the price will break below i will look for a nice short order according to the Plancton's strategy rules. --–– 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.
Short
by InkyGrip
4
EURJPY time to retrace 🦐EURJPY after the strong bullish impulse took a break, The price show us some red candle and some more retracement can be seen. How can I approach this scenario? I will wait for a break below the support area and in that case I will be looking for a nice short order according to the Plancton's strategy rules. --–– 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.
Short
by InkyGrip
10
EURJPY 4hour Analysis September 25th, 2022EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: EJ has been overall bullish for a while but recently we have been seeing a major down trend since rejecting our 144.000 zone. If we are to continue bearish we ideally need to see a bit of consolidation with significant bearish variations to follow. Look to target toward lower support levels. Trade scenario 2: If we are to consider EJ bullish again we would first need to see a break back above 140.000 with a higher low above.
Short
by ForexLeague