EURJPY Analysis I Bearish Continuation Welcome back! Here's an analysis of this pair!
**EURJPY Update - After retracing over 200 pips, we now have bearish confirmation on the 4 hr. Expect a continuation downward. Realistic targets 128.00, 127.75, 127.00
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
Eur-jpy
EURJPY SHORT!Mar 2
Welcome back! Here's an analysis of this pair!
**EURJPY - listen to video analysis.
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
EURJPY can move further low? 🦐EURJPY on the daily chart is moving inside a descending channel.
The price is now testing the lower trendline near to a weekly support (red).
How can we approach this scenario?
We will wait for the market to break below the monthly support and in that case, we will move on the 4h timeframe to check if the price will retest the area.
In that case I will set a nice short order according to the Plancton's academy rules
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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 appears oversold | 7th MarchSignal ID: 79656
Time Issued: Monday, 07 March 2022 02:00:15 GMT
Status: open
Entry: 124.205 - 124.931
Limit: N/A
Stop Loss: 123.117
The Congestion Opportunities Strategy has just bought EURJPY at 124.568. The system recommends entering this trade at any price between 124.205 and 124.931. The signal was issued because the 28-hour Relative Strength Index indicates that the EURJPY may be oversold, while the Speculative Sentiment Index reading of 1.227 indicates that trader sentiment is not at extremes.The 14-period Average True Range on a daily chart is 1.451, so the stop loss has been set at 123.117. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Congestion Opportunities is a range trading strategy that aims to sell overbought currency pairs and to buy oversold currency pairs. The strategy will only trade when the Speculative Sentiment Index for that currency pair is between -1.5 and +1.5. Limiting range trading in this way has shown in the past to significantly raise the probability of successful range trades.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURJPY appears overbought | 7th March Signal ID: 79656
Time Issued: Monday, 07 March 2022 02:00:15 GMT
Status: open
Entry: 124.205 - 124.931
Limit: N/A
Stop Loss: 123.117
The Congestion Opportunities Strategy has just bought EURJPY at 124.568. The system recommends entering this trade at any price between 124.205 and 124.931. The signal was issued because the 28-hour Relative Strength Index indicates that the EURJPY may be overbought, while the Speculative Sentiment Index reading of 1.227 indicates that trader sentiment is not at extremes.The 14-period Average True Range on a daily chart is 1.451, so the stop loss has been set at 123.117. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Congestion Opportunities is a range trading strategy that aims to sell overbought currency pairs and to buy oversold currency pairs. The strategy will only trade when the Speculative Sentiment Index for that currency pair is between -1.5 and +1.5. Limiting range trading in this way has shown in the past to significantly raise the probability of successful range trades.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURJPY 4hour Analysis March 6th, 2022EURJPY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: EJ is on the move! Looking very bearish here we’re just waiting for our next point of structure to enter short on.
Ideally we can spot a lower high close to 126.500 after price action pulls back.
Trade scenario 2: If we are to consider EJ bullish we first need to see a higher low above 126.500.
JPYBASKET SHORTS 📉📉📉📉 Expecting bearish price action on JPY as price touches 9200 institutional figure and takes out liquidity above the old high, the price moved inefficient last week with a lot of imbalances that has been left on the chart. I think on monday we will see a nice retracemnet on JPY meaning XXX JPY pairs bullish.
What do you think ?
EURJPY KEEPS FALLINGEUR is continuing to fall following the progress of the situation in Ukraine and the continuous uncertainty of the future of the economy in EU and the continuous increase of the commodity prices.
On the other hand JPY has always been a safe-haven currency in turbulent times like those. EURJPY pair have reached a low that was not observable in months, but the situation in Ukraine will continue to pressure the EUR and attract more investments in the stable JPY.
Both MACD and RSI indicators support the continuous trend. If the movement of the pair remains with the same momentum, it might try to attack the 126.00 mark. On the other hands, if trend reverses, it will probably test its previous support at 128.4
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EURJPY Potential bearish drop | 28th Feb 2022On the H4, with price currently moving below the ichimoku cloud , we have a bias that price will drop to take profit at 128.094 in line with the 78.6% Fibonacci projection and horizontal swing low support from our entry at 129.661 in line with the 61.8% Fibonacci retracement and horizontal overlap resistance. Alternatively, price may break our entry structure and head for our stop loss at 130.192 in line with the 61.8% Fibonacci retracement .
4 hours ago
Comment: Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURJPY Potential bearish drop | 28th Feb 2022On the H4, with price currently moving below the ichimoku cloud , we have a bias that price will drop to take profit at 128.094 in line with the 78.6% Fibonacci projection and horizontal swing low support from our entry at 129.661 in line with the 61.8% Fibonacci retracement and horizontal overlap resistance. Alternatively, price may break our entry structure and head for our stop loss at 130.192 in line with the 61.8% Fibonacci retracement .
EURJPY 4hour Analysis February 27th, 2022EURJPY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We’re now looking bearish on all major timeframes and could see price action continue to drop.
The most likely scenario is that we see price action retest 130.000 resistance and form a lower high for us to enter short on.
Trade scenario 2: For us to consider EJ bullish we would first need to see a higher low above 130.000.
EURJPY 4H AnalysisHello Traders,
Nice trade setup on EURJPY 4H. Price has discounted to our zone of interest.
If all our entry rules are met we will be taking a BUY Entry on 1H and 15Min chart.
BIAS: BUY (If our entry rules are met)
Timeframes for high precision entry: 60/15
Follow for Free Entry Signals on this trade and others from Professional Traders.
IMPORTANT: Risk Management is integral in trading. Please make sure you're using safe risk management principles for your account for all trades.
EURJPY 4hour Analysis February 20th, 2022EURJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: We are still technically bearish on the 4hour while the higher timeframes remain bullish.
The most likely scenario given price action formation is that we will see a break of support near 130.000 with a lower high below. If this happens look to enter short and target lower toward key support levels.
Trade scenario 2: For us to consider EJ bullish we would need to see a massive reversal off 130.000 support with structure forming higher lows to enter long on.
EURJPY potential for further uptrend |18th FebPride is near buy entry level of 130.404 in line with 78.6% Fibonacci retracement. Price can potentially go to the take profit level of 131.620 in line with 50% Fibonacci retracemenet and 61.8% Fibonacci projection. Our bullish bias is supported by RSI as it is abiding by an ascending trendline.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.