EURJPY - DAY TRADE VIEWEURJPY - As per the daily candles it is expected to go down from the current levels.
My approach will be a sell here at current price 129.250
Maintain stop loss around 129.650
potential downside target 128.700 - 128.400
Follow the levels as mentioned in the chart.
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Eur-jpy
EURJPY will move lower? 🦐EURJPY after the recent highs starts a retracement move inside a channel.
The market after the test of the support area move to the 129.350 resistance.
According to Plancton's strategy if the price will break below and the conditions will be satisfied we can set a nice short 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 question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURJPY 4hour Analysis March 28th, 2021EURJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: Overall EJ on the higher timeframes is bullish. On the 4hour timeframe we have been in a steady bearish trend and price action is now correcting. Currently, the level price action is at (129.400) is the deciding zone. If we reverse at this level we will be confirming a lower high in a bearish trend and will look to target lower into major support levels.
Trade scenario 2: If price action breaks resistance at 129.400 look for a higher lower to confirm a transition of trend and overall bullish continuation.
EURJPY ANALYSISEURJPY rebounded from major uptrendline with strong bullish movement
Price broke corrective downtrendline
Pair is based above support level at 128.30
Price is based on HVN at level 129.10 which indicates that pair is in accumulation phase
MACD shows bullish momentum
RSI is in uptrend above level 50
It's expected to target resistance level at 130.70
EURJPY 4hour Analysis March 21st, 2021EURJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: Still overall very bullish but price action is currently pulling back with strong bearish volume. We are looking for strong reversals from key levels like 128.850 & our 61.8% fib level. Look to enter long on strong bullish confirmations and higher lows and target higher toward prior highs and negative fib levels.
Trade scenario 2: For us to consider EJ bearish we need to see a lower high below 128.850 with strong bearish setups. Enter short and target lower toward key levels of support.
EURJPY facing bullish pressure, potential for further upside!EURJPY is currently facing bullish pressure from 1st support level which coincides with 61.8% Fibonacci retracement . Prices might push up towards 1st resistance which coincides with 61.8% Fibonacci extension and 127.2% Fibonacci retracement . If prices fall through 1st support level , prices might pullback to 2nd support which coincides with 61.8% Fibonacci extension and 50% Fibonacci extension . EMA is also below prices, signaling a bullish pressure on prices.
EURJPY facing bullish pressure, potential for further upside!EURJPY is currently facing bullish pressure from 1st support level which coincides with 61.8% fibonacci retracement. Prices might push up towards 1st resistance which coincides with 61.8% fibonacci extension and 127.2% fibonacci retracement. If prices fall through 1st support level, prices might pullback to 2nd support which coincides with 61.8% fibonacci extension and 50% fibonacci extension. EMA is also below prices, signalling a bullish pressure on prices.
EURJPY 4hour Analysis March, 14th, 2021EURJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: EJ is still very bullish on all major timeframes. We recently saw a major rally after a break of consolidation so now we need to wait for a pullback. Look to enter on strong bullish setups at our 38.2% fib level and support at 129.450, target higher toward our -27% fib level.
Trade scenario 2: For us to consider EJ bearish we first need to see a break back into consolidation. Technically you could play the range but on the daily timeframe we will remain bullish until we can confirm a lower high below 128.900
UPDATE! EURJPY will break the range? 🦐EURJPY recently broke the range according to our previous analysis, the market is now moving inside an ascending channel to the previous highs.
According to Plancton's strategy if the price will break above and the conditions will be satisfied we will have a new opportunity for a 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 question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURJPY will break the range? 🦐EURJPY after the recent highs retraced back over the support where the price starts a range move between 2 structure.
According to Plancton's strategy if the price will break above we will 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 question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.