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Eur-jpy

EURJPY testing a weekly resistance 🦐EURJPY on the 4h chart after the bullish leg created a nice retracement move until exactly the 0.618 fibonacci level. The price created a double bottom over it and tested the 0.5 at a 4h resistance zone before moving up to the weekly resistance structure at the 0.382 fib level. IF the price will break and close above the weekly resistance area we can set a nice long order according to Plancton’s strategy --–– 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. Leave a comment that is helpful or encouraging. Let's master the markets together.
Long
by InkyGrip
4
EURJPY 4hour Analysis November 22nd, 2020EURJPY Short Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bullish Trade scenario 1: Look to enter short after price action breaks our 4hour support at 123.000. Ideally a strong break and retest would be enough to enter. Target lower toward key support around 122.250. Trade scenario 2: If price action goes bullish look to enter only on higher low opportunities after a key level of resistance was broken. Target higher toward our daily level around 124.700.
Short
by ForexLeague
EURJPY 4hour Analysis November 15th, 2020EURJPY Short Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bullish Trade scenario 1: Price action is still looking bullish overall but remains within a wide range. Currently we are seeing a bullish wedge form and could see a break to the upside. To enter long look for a break and retest of the pattern. Enter long on strong bullish setups and target higher toward key resistance levels. Trade scenario 2: If price action fails to push higher wait for a break of support. Ideally we need a lower high to form within the daily bearish channel before we can consider entering any short positions.
Long
by ForexLeague
EURJPY at the retest of the weekly structure 🦐EURJPY after the bullish impulse broke above the weekly resistance at 123.800. The price started a retracement move until the 0.5 fib level over the support in a minor descending channel. IF the market will break above the 4h structure and consequently break the channel we will set a nice long order according to Plancton's strategy. ––––– 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
6
EUR/JPY About to start a HUGE Upside Move🔸We can see that this pair was in a downtrend for more than two years. At the beginning of 2020, it faced a powerful demand zone, which generated a rejection at that level. After this movement, the price made a breakout to the upside of the downtrend Channel. 🔸This was the first indication that the downtrend might be over. 🔸The first break attempt appeared to be a fakeout, but then the movement continued to confirm the behavior. We decided NOT to get involved in this pair at that time, as we expected a more precise and more confirmed correction. 🔸Now we can see that during the last three months, the price was in a consolidation / corrective phase. Furthermore, the corrective move is making a throwback to the support zone (previous resistance zone). 🔸In a lower timeframe (Daily Chart), the corrective pattern can be seen more clearly; we know that it is a correction of three waves of type A B C. 🔸The price is breaking the trend line of the movement, but we expect a break of the 125,000 - 125,500 zone before considering a bullish position since it is the local resistance zone. 🔸The stop loss of the position should be positioned below the last swing (wave C). 🔸The take profit is the next Resistance zone at 133,000.
Long
by ThinkingAntsOk
2
💡Don't miss the great buy opportunity in EURJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (123.8). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 50. Take Profits: TP1= @ 124.65 TP2= @ 125.10 TP3= @ 126.00 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
19
💡Don't miss the great buy opportunity in EURJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (123.8). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 50. Take Profits: TP1= @ 124.65 TP2= @ 125.10 TP3= @ 126.00 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
12