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Eur-jpy

EURJPY Short-term bearish momentum | 9th Feb 2022 Price is reacting at the horizontal resistance level, we can expect price to make a short-term bearish drop from the pivot level in line with 78.6% Fibonacci projection towards the potential take profit level in line with 61.8% Fibonacci projection and 78.6% Fibonacci retracement. Our short-term bearish bias is further supported by the RSI indicator where it is abiding to the descending trendline resistance. 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.
Short
by Rockqet
Possible trend shift in EURJPY – going long | 8th Feb Signal ID: 79317 Time Issued: Tuesday, 08 February 2022 02:00:16 GMT Status: open Entry: 131.440 - 132.049 Limit: N/A Stop Loss: 130.995 The Tidal Shift Strategy has just bought EURJPY at 131.838. The system recommends entering this trade at any price between 131.627 and 132.049. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -3.453, which suggests that the EURJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.169, so the stop loss has been set at 130.995. 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.Tidal Shift is a trend trading strategy that aims to catch shifts in trend using trader sentiment as an indicator. The strategy looks to buy when the Speculative Sentiment Index reaches its lowest value for the past 145 trading hours, and looks to short when it reaches its highest value for the past 145 trading hours. 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.
Long
by Rockqet
1
EURJPY looking up 🦐 - Update -After our previous analysis EURJPY moved as expected, the price perfectly followed my drawing and break the resistance structure then turned support. After the retest of it the price is now trading below a new resistance area How can we approach this scenario? We will monitor the European market open and wait for a possible break of the resistance area , at retest of it we will check for the application of the Plancton Academy rules application and set a nice long order. --–– 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 questions. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Long
by InkyGrip
4
EURJPY potential for bearish dip! | 7th Feb 2022Prices are on bearish momentum and abiding to our descending trendline. We see the potential for a dip from our daily descending trendline at our sell entry 131.578 in line with 78.6% Fibonacci retracement towards our Take profit at 130.150 in line with 50% Fibonacci retracement. RSI is at levels where dips previously occurred. 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.
Short
by Rockqet
EURJPY 4hour Analysis February 6th, 2022EURJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are looking extremely bullish as well as over extended here on EJ. When we see this much volume and lack of structure it makes it difficult to find a trade opportunity. We essentially need to wait for the market to resume normal movement. Ideally, we can see some consolidation followed by a structure forming higher low before continuing with the trend. Trade scenario 2: Price action could also pullback quite a bit due to the previous volume. Look for price action to fall back below 131.450 and form a lower high below.
by ForexLeague
EURJPY looking up 🦐EURJPY on the 4h timeframe has been trading in a typical lower low lower high move and reached the weekly support area. The market after the break of the 2 converging trendlines which can be identified as a falling wedge (reversal pattern) starts to consolidate between 2 structures. How can we approach this scenario? We will monitor the market open and wait for a possible break of the resistance area, at retest of it we will check for the application of the Plancton Academy rules application and set a nice long order. --–– 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 questions. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Long
by InkyGrip
20
Breakout Identified in EURJPY | 31st jan Signal ID: 79214 Time Issued: Friday, 28 January 2022 14:53:15 GMT Status: open Entry: 0.92832 - 0.93059 Limit: 0.92459 Stop Loss: 0.93281 The Breakout Opportunities system has just sold USDCHF at 0.92957. The system recommends entering this trade at any price between 0.92832 and 0.93059. The signal was issued because the USDCHF has broken its 24-hour low while our Speculative Sentiment Index was at 3.27545, suggesting that the USDCHF may have further to fall. A stop loss has been set at the 24-hour high of 0.93364 and a profit target has been set at the 1 Day ATR level at 0.92459. The system will move the stop to the next 24-hour high every time that 24-hour high is lower than the previous 24-hour high. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance. 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.
Long
by Rockqet
EURJPY on a falling wedge? 🦐EURJPY on the 4h timeframe is trading in a typical lower low lower high move and reached the weekly support area. The market is moving between 2 converging trendlines which can be identified as a potential falling wedge, a reversal pattern that can be confirmed by the break of the confluence zone between the trendline and the daily resistance. How can we approach this scenario? The market after the last test of the resistance has turned to create 2 red candles bit IF the price will manage to break above the structure we will monitor the pair for a nice long order according to the Plancton Academy 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 questions. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Long
by InkyGrip
2
EURJPY Buy opportunity on Higher LowsEURJPY has been trading within a long-term Channel Down since the June 01 2021 market top. Since January 05 2022 it has seen a strong downfall within this wide pattern but this week could have found Support on this internal Higher Lows trend-line (dashed) as it turned sideways. The 1D MA50 (blue trend-line) is acting as the Resistance. Last time we saw a similar Higher Lows structure within the long-term Channel Down, was on September 22 to October 06 2021 and that was the Low that initiated a massive rally towards the top of the Channel Down. As a result, as long as the Higher Lows trend-line holds and breaks above the 1D MA50, we should be expecting a similar rally towards the 0.786 Fibonacci retracement level as part of the Lower Highs pricing. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
3
EURJPY bearish continuation | 27th Jan 2022Price is in a descending channel, signifying an overall bearish momentum. We can expect price to drop from the pivot level in line with 23.6% Fibonacci retracement and 100% Fibonacci projection towards take profit level in line with 61.8% Fibonacci projection. Our bearish bias is further supported by stochastic indicator where the %K line is abiding to the descending trendline resistance. 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.
Long
by Rockqet
1
EURJPY Short-Term Short KiSS StrategyWelcome back! Here's an analysis of this pair! COMMENT BELOW and let us know your thoughts or questions! ** EURJPY Vide Analysis - listen for details. 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 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
Short
by BKTradingAcademy
7
EURJPY bearish continuation | 25th Jan 2022Price is abiding to the daily descending channel , signifying an overall bearish momentum. We can expect price to drop from the pivot level in line with 61.8% Fibonacci projection towards take profit level in line with horizontal support level and 161.8% Fibonacci projection . Our bearish bias is further supported by the Ichimoku cloud indicator where the price is holding below it. 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.
Short
by FXCM
4
EURJPY bearish continuation | 25th Jan 2022Price is abiding to the daily descending channel, signifying an overall bearish momentum. We can expect price to drop from the pivot level in line with 61.8% Fibonacci projection towards take profit level in line with horizontal support level and 161.8% Fibonacci projection. Our bearish bias is further supported by the Ichimoku cloud indicator where the price is holding below it. 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.
Short
by Rockqet
1
EURJPY retest the 0.382 Fib 🦐EURJPY on the 4h chart is moving inside a 4h correction channel. The price after the recent high at 131.500 created a rounded top and start the descending phase with a lower low lower waves patter. We can notice how the previous top was the 0.618 Fibonacci level of the previous bearish waves on the daily chart (blue). How can we approach this scenario? Currently, the market is testing the resistance at the 4h 0.382 fib level and we will check a possible inversion to place a short order according to our Academy rules for a continuation to the downside. --–– 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
2
EURJPY 4hour Analysis January 23th, 2022EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are also looking very bearish here on EJ and how price action reacts at this 129.000 level will determine what we do next. Ideally, we see a break of 129.000 with a lower high below to enter short on. Trade scenario 2: If price action bounces off 129.000 it is likely price action will continue higher toward the next zone near 130.000.
Short
by ForexLeague