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Eur-jpy

EURJPY Low risk buy here. Keep an eye on the RSI.The EURJPY pair has been trading within a Channel Up pattern since March. The price is currently on the 1D MA50 (blue trend-line) at the bottom (Higher Lows trend-line) of the Channel Up. As long as the pattern holds (bottom intact, closing 1D candles above it), we have the opportunity for a low risk buy to target the Internal Higher Highs trend-line at 160.450. If we close a 1D candle below the pattern, then buy again only when the 1D RSI touches the 39.50 Support. This level has marked the bottoms of July 27 and March 17. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
EURJPY posted a bullish hammer bottom.EURJPY - 24h expiry Posted a Bullish Hammer Bottom on the Daily chart. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. The hourly chart technicals suggests further downside before the uptrend returns. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Further upside is expected although we prefer to buy into dips close to the 157.45 level. - We look to Buy at 157.45 (stop at 156.93) Our profit targets will be 158.75 and 159.05 Resistance: 158.05 / 159.85 / 160.80 Support: 156.60 / 155.50 / 154.70 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
EURJPY in a trend of higher lows.EURJPY - Intraday Indecisive price action has resulted in sideways congestion on the intraday chart. A Doji style candle has been posted from the base. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. The hourly chart technicals suggests further downside before the uptrend returns. Further upside is expected although we prefer to buy into dips close to the 157.40 level. We look to Buy at 157.40 (stop at 156.90) Our profit targets will be 158.60 and 158.90 Resistance: 158.05 / 159.85 / 160.80 Support: 156.60 / 155.50 / 154.70 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
EURJPY Short-term buy within the Channel Up.The EURJPY pair is trading within a Channel Up pattern since the mid-March low with the 1D MA50 (blue trend-line) as the main Support. The 1D MACD made a Bullish Cross and every previous such formation within this pattern, has been a confirmed buy entry. The first Higher High was a +9% rise, the second a +8% and assuming its a progression, we expect the current to complete at least a +7% rise. As a result, we are bullish, targeting 162.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
EURJPY: Strong sell opportunity.EURJPY hit the top of the long term Channel Up that started more than a year ago (March 2022) and is getting rejected so far. With the 1D technicals still green (RSI = 63.286, MACD = 1.680, ADX = 49.495) this indicates that the trend remains bullish so we will sell and initially target the 1D MA50 (TP = 153.000). The reason is that it has been unbroken since April 6th. If the price closes a 1D candle under it, then we will take another sell and target the 0.5 Fibonacci retracement (TP = 149.000). Otherwise every 1D MA50 hit is a buy. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
6
EURJPY - Shift In Momentum Soon?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Daily: Left Chart EURJPY has been overall bullish, however it is retesting a resistance zone as it is the intersection of two trendlines from Daily and H4 on H4: Right Chart 🏹 For the bears to take over, we need a momentum candle close below the gray low. Meanwhile, until the bears take over, EURJPY would be overall bullish and can still trade higher. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
3
EURJPY | Will likely continue going upHey Traders! I believe EURJPY will continue going up due to the following: - Recent bullish engulfing candlestick on 4h with MA bounce. - Although it's near the psychological level 158, we are likely to re-test it because it's forming recent higher highs. - The pair managed to pass 157.00 level which was a previous strong pivot level - COT Data is in favour for this trade - PMI for the US came out negative, which should influence EUR power after a slight pullback from JPY due to being a safe haven. Good Luck!
Long
by FX-TradingLions
1
EURJPY initiating a sell signalEURJPY is trading inside a Channel Up for the past 3 months. The price is approaching the top of the Channel Up on a +9.00% extension, such as the May 2nd top. Trading Plan: 1. Sell on the current market price. Targets: 1. 153.750 (bottom of the Channel Up, below the 0.382 Fibonacci and above the MA50 1d). Tips: 1. The RSI (1d) will give a confirmed sell signal after it crosses under its MA line. It did so on May 3rd. Please like, follow and comment!!
Short
by TradingBrokersView