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Eur-jpy

EURJPY: The price is BREAKING the TRIANGLE!Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/JPY ⚪ Technical Analysis : On the 16th of February 2021, the price got a strong rejection on the level at about 128.460, and since that moment, it has been creating an interesting symmetrical triangle pattern, few rejections on its dynamic lines are a confirmation of the validity of this pattern. Also the EMA 200 is definitely working well, rejecting the price on every attempt to break through that. Moreover, in the daily perspective, the RSI with 20 period is slowly increasing its value. 🔴 Conclusion : The market is definitely bullish, the symmetrical triangle pattern could definitely be only a temporary consolidation before a trend continuation. I'm confident then, to see the price growing more breaking the pattern and reaching the resistance level at about 128.600/12.800. I'll be waiting for a bullish breakout of the triangle and the S/R zone at about 128.000 before planning my long position on this trade. Right now, my hypothetical entry point would the level 128.100, just above the dynamic resistance line; The take profit would be at the level at about 128.890, as projection of the pattern and weekly resistance around that level. The stop loss needs to be defined in a better way, I need to see the price action around the current level but at the moment, I placed it at the level at about 127.590, just below the main support and the last low created by the price. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
22
EURJPY for new recent highs 🦐EURJPY breaks above the resistance structure now turn support. The market after a retest is moving again into a bullish scenario. According to Plancton's strategy of the market will break above, we can 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.
Long
by InkyGrip
8
EURJPY - SWING - 22. FEBR. 2021Welcome to our weekly trade setup ( EURJPY )! - 1 HOUR Bearish reaction and pressure. 4 HOUR Overall bullish market structure about to turn. DAILY Expecting more downsite and pressure towards previous support. - FOREX SWING SELL EURJPY ENTRY LEVEL @ 128.010 SL @ 128.380 TP @ 127.320 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
32
EURJPY 4hour Analysis February, 21st, 2021EURJPY Long Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Price action has been extremely bullish and recently broke our weekly resistance at 127.400. From the current level we’re seeing structure form at our 38.2% fib level and testing new support. Ideally we want to see a strong bullish variation here to enter long on. Target higher toward our negative fib levels. Trade scenario 2: For us to consider EJ bearish again we need to see a lower high below 127.400 with strong bearish setups. Look to target lower toward monthly support at 126.500
Long
by ForexLeague
1
EURJPY for a retest of the support🦐EURJPY after our last analysis broke above the monthly resistance and now is retracing for a retest of it. The price is moving over an ascending trendline and according to Plancton's strategy at the new sign of inversion, we can 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. Feb 11 Comment:
Long
by InkyGrip
10
EUR/JPY - Expecting a 500 Pips Bullish MoveGood morning traders, today we bring you a long-term analysis on the EUR/JPY, since it made an important breakout that we have been waiting for a long time. 🔸After the break of the bearish channel and the resistance zone, the price consolidated for several weeks with no clear direction. 🔸Apparently, this corrective process is over, as we are witnessing a bullish breakout. 🔸This is an important event, as it gives us a very strong bullish scenario towards the next resistance zone, at 133,000. 🔸During the next few weeks or months it is very likely that the price will be in an impulsive phase.
Long
by ThinkingAntsOk
6
EURJPY: The price is FOLLOWING the main TRENDLINEHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/JPY ⚪ Technical Analysis : Since the end of January 2021, the price has been following an interesting uptrend, bouncing many times on its trendline. On the 29th of January the price broke through the strong S/R zone at about 126.500, pushing up after a quick re-test during the beginning of February. A strong bullish candle was absolutely an interesting entry point as a comfirmation of a new uptrend. Today the price broke the resistance zone at about 127.500 and it is currenly consolitading. 🔴 Conclusion : Considering the daily time frame, I can see that the market is following a strong uptrend and after this strong impulse, there is a possibility to see a short retracement. I'm not sure if it would be a market reversal, but on this pair, I'll be waiting for a re-test of the S/R zone at 127.500 before planning my new long position on this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
18
EUR/JPY Analysis Welcome back! Please support this idea with a LIKE if you find it useful. *** EUR/JPY - Price is currently re-testing a very strong resistance zone. I expect it possible break to the downside, but if price pushes higher, we can look for a nice short returning back to previous resistance which will become future support (target). We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. 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
by BKTradingAcademy
6
EURJPY 4hour Analysis February, 14th, 2021EURJPY Long Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: EJ is still very bullish on all relevant timeframes. Price action currently is at a fairly large supply zone around 127.400 but we will remain with the overall bullish trend until we see otherwise. Ideally we want to see a higher low form within this pattern and present a long opportunity. We will look to target the supply zone and will look to continue to manage above this zone if price action breaks above. Trade scenario 2: For us to consider EJ bearish we need to see a lower high form below 127.000 and present strong bearish setups. Look to enter on a confirmed lower high and target lower toward key support.
Long
by ForexLeague
1
EURJPY ready for a break to the upside? 🦐EURJPY after the break below the 125.800 structure bounces over the 0.5 Fibonacci level of the previous leg. The market from there started a new impulse and now testing a strong resistance level. If the price will break above, according to Plancton's strategy, we can 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.
Long
by InkyGrip
8