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EURJPY 3H Analysis – Double Top + Rising Wedge Breakdown Setup📊 EURJPY 3H Analysis – Double Top + Rising Wedge Breakdown Setup Potential Reversal After Strong Bullish Run 🧭 1. Market Context & Structure Overview Over the past few weeks, EURJPY has been in a strong bullish trend, pushing higher through multiple swing highs. However, recent price action is showing early signs of exhaustion as momentum fades near a historically significant resistance zone at 164.13. This zone has now been tested twice, creating a Double Top formation, often signaling a potential trend reversal. Following the second top, the price formed a Rising Wedge pattern, a bearish structure that frequently indicates an impending breakdown, especially when it forms after an uptrend and near major resistance. The confluence of these two patterns — Double Top and Rising Wedge — strengthens the bearish case for a short trade. 📐 2. Technical Pattern Breakdown 🔸 Double Top Formation Top 1: Occurred at ~164.13, where price was sharply rejected after an extended rally. Top 2: A slightly lower high or equal high at the same level, confirming sellers are actively defending this resistance. Neckline: Drawn around the 160.50 level, where a confirmed break would trigger the full Double Top effect. A break below this neckline typically signals the beginning of a medium-term bearish move. 🔸 Rising Wedge Pattern Price compressed between higher highs and higher lows, forming a narrowing ascending channel. The wedge is rising against resistance, indicating bulls are losing control. A break below the wedge support line is considered a bearish signal — especially strong when following a double top. These patterns create a bearish convergence, signaling a high-probability short opportunity. 🔍 3. Key Price Levels Level Price Role & Significance Resistance 164.13 Strong multi-touch resistance. Rejected twice. Support 160.50–160.00 Double Top neckline. First key bearish target. Stop Loss (SL) 164.13 Placed above pattern invalidation zone. Take Profit (TP) 158.41 Measured move target from wedge & past support. 📉 4. Bearish Trade Setup Summary Entry: After confirmed candle close below the wedge support line (or break of support zone). SL: Above 164.13 resistance (to avoid premature stop-out from fakeouts). TP: 158.41, based on past demand zone and wedge projection. Risk-Reward Ratio: Targeting a 1:2.5 to 1:3 RRR — optimal for swing setups. 🔁 5. Trade Management & Strategy Tips Wait for Confirmation: Don’t jump the gun. Look for volume pickup or bearish engulfing candle at the break. Scale In or Out: Consider partial entries or scaling out at key mid-support (e.g., around 160.00). Trail Stops: Once price breaks below the wedge and approaches 160.50, adjust SL to breakeven to lock in risk-free profit. News Awareness: Be aware of any JPY or EUR-related macro events, as they can cause spikes and whipsaws. 🔎 6. Psychological Perspective This setup capitalizes on trader emotions: Bulls are trapped near the highs after failing to break resistance twice. Late buyers entering on the wedge may be forced to sell on breakdowns, accelerating the bearish move. Market may experience a liquidity grab above the resistance before collapsing — be patient with entries. 🧠 7. Multi-Timeframe Confluence On Higher Timeframes (Daily/Weekly): Resistance around 164.00 is historically significant — aligns with prior reversal zones. On Lower Timeframes (1H/30M): Bearish divergence or momentum weakening may confirm the setup. Check RSI/MACD for divergence signals as added confluence. 🎯 8. Target Projections Measured Move of Double Top: The vertical distance from resistance to neckline (~300 pips) projected downward from the neckline gives us a rough target near 158.40, which is confirmed on the chart. This zone previously acted as demand, where buyers stepped in. A good area to lock profit or expect bounce/consolidation. ✅ Conclusion: Trade Plan Summary EURJPY is displaying a clear bearish setup on the 3H timeframe, with a Double Top rejection at resistance and a Rising Wedge signaling price compression. A break below support confirms the setup and opens room for a move down to 158.41. This is a textbook swing setup combining price action, pattern recognition, and multi-timeframe analysis.
Short
by Royalfxsignal
EUR/JPY Full Technical Analysis – Triple Top Pattern Breakdown💹 EUR/JPY Full Technical Analysis – Triple Top Pattern Breakdown (1H Chart) 🧭 Overview The EUR/JPY currency pair on the 1-hour timeframe has formed a Triple Top Pattern, a classic bearish reversal formation that often signals the end of an uptrend and the beginning of a downtrend. This pattern, in conjunction with key horizontal support and resistance zones and price action behavior, presents a high-probability short opportunity. 📊 Pattern Identified: Triple Top Reversal The Triple Top pattern is composed of three consecutive peaks that test a strong resistance level but fail to break above it, indicating buyer exhaustion and bearish pressure building up. 🔎 Pattern Structure: First Top: The price rallies sharply and hits resistance at 163.20, leading to a pullback. Second Top: Price attempts to retest the same level, fails again—suggesting selling interest remains strong. Third Top: A final failed attempt to break resistance completes the triple top structure. Neckline Support Break: Price decisively breaks the horizontal support zone around 161.30–161.50, confirming the pattern. This breakdown is the entry trigger for a potential trend reversal. 🔍 Price Action Details & Market Context Prior Trend: The pattern occurs after a sustained bullish move, which is critical for the reliability of a reversal pattern like the triple top. Resistance Zone: Clearly marked at 163.10–163.20, this area has been tested three times and held firm, turning into a strong rejection zone. Support (Neckline) Zone: The horizontal structure at 161.30–161.50 previously acted as a support, and once broken, it flipped into resistance. Bearish Momentum: Subsequent candles after the break show lower highs and lower lows, with strong bearish bodies indicating conviction from sellers. Retest Confirmation: A retest of the broken neckline before resuming the drop provides added confirmation of this short setup’s validity. 🎯 Trading Plan: 🧭 Trade Direction: Short (Sell) This setup is based on a high-confidence bearish reversal after a failed triple resistance attempt. 🛠️ Entry Setup: Type: Break-and-Retest of Neckline (Conservative Entry) Trigger: Price closes below 161.30, then pulls back for a retest Entry Point: After bearish confirmation at ~161.30–161.50 zone ⛔ Stop Loss (SL): Placed above the resistance zone and last swing high SL Level: 163.20 This protects against false breakouts or unexpected bullish continuation. ✅ Take Profit (TP) Levels: TP1 – First Support Zone: 161.00 Based on short-term support formed prior to the breakout. TP2 – Final Target / Bearish Objective: 160.42 Derived using the measured move technique, projecting the height from the resistance to the neckline downward from the breakout point. 📐 Risk-Reward Analysis: Entry: ~161.30 SL: ~163.20 TP1: 161.00 (1:1 RR) TP2: 160.42 (1:2.4 RR) This setup offers an excellent reward-to-risk ratio, especially for traders targeting TP2. 📈 Technical Confluence Factors: Signal Type Detail Chart Pattern Triple Top Key Resistance 163.20 (Triple rejection level) Support Break 161.30 (Neckline) Retest Confirmation Yes (bounce from broken support zone) Bearish Momentum Series of lower highs and bearish candles Risk-Reward Ratio Strong (2:1+ for TP2) 🧠 Strategic Summary: This EUR/JPY setup reflects a textbook Triple Top followed by a clean break and retest of the neckline, suggesting that the market is transitioning from bullish to bearish sentiment. It aligns with principles of price action, structural breakouts, and classic reversal theory. Traders entering this position can expect a high-quality setup with clear invalidation (SL), multiple profit targets, and strong pattern integrity.
Short
by Royalfxsignal
EUR/JPY "The Yuppy" Forex Bank Heist Plan (Swing / Day Trade)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑 💰💸✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the EUR/JPY "The Yuppy" Forex Market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is to escape near the high-risk ATR Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉 Entry 📈 : "The heist is on! Wait for the MA breakout (163.500) then make your move - Bullish profits await!" however I advise to Place Buy stop orders above the Moving average (or) Place buy limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level for Pullback entries. 📌I strongly advise you to set an "alert (Alarm)" on your chart so you can see when the breakout entry occurs. Stop Loss 🛑: "🔊 Yo, listen up! 🗣️ If you're lookin' to get in on a buy stop order, don't even think about settin' that stop loss till after the breakout 🚀. You feel me? Now, if you're smart, you'll place that stop loss where I told you to 📍, but if you're a rebel, you can put it wherever you like 🤪 - just don't say I didn't warn you ⚠️. You're playin' with fire 🔥, and it's your risk, not mine 👊." 📍 Thief SL placed at the recent/swing low level Using the 4H timeframe (5100) Day trade basis. 📍 SL is based on your risk of the trade, lot size and how many multiple orders you have to take. 🏴‍☠️Target 🎯: 165.700 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 💰💵💸EUR/JPY "The Yuppy" Forex Market Heist Plan (Scalping/Day) is currently experiencing a bullishness,., driven by several key factors. 👇👇👇 📰🗞️Get & Read the Fundamental, Macro, COT Report, Quantitative Analysis, Sentimental Outlook, Intermarket Analysis, Future trend targets..., go ahead to check 👉👉👉🔗 ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
Long
by Thief_Trader
EUR/JPY Weekly Chart Analysis – Double Bottom + Head & Shoulders📊 EUR/JPY Weekly Chart Analysis – Double Bottom + Head & Shoulders Breakdown 🔹 Overview The EUR/JPY pair is exhibiting signs of a major trend reversal after a long-standing bullish rally. The chart shows a confluence of powerful reversal signals, including: A Rising Channel Breakout A Head and Shoulders pattern A Double Bottom formation within the right shoulder Clear support and resistance zones Defined SL (Stop Loss) and TP (Take Profit) levels based on structure This setup indicates a strong medium-to-long-term bearish opportunity with favorable risk-reward potential. 🔍 Technical Chart Pattern Breakdown 🔸 1. Rising Channel (2023 – Mid 2024) From early 2023 to mid-2024, EUR/JPY was in a clear upward trend, marked by higher highs and higher lows within a rising parallel channel. This channel provided structured bullish moves until the price broke below the lower trendline, signaling early signs of bullish exhaustion. This breakout occurred just after the formation of the Head, which marked a significant top. 🔸 2. Head and Shoulders Formation This is a classic trend-reversal pattern, and it's unfolding with precision on the weekly timeframe: Left Shoulder (Q3 2023): Formed near the upper channel line with a high around the 162.00 region. Head (Q2 2024): Price reached a new peak at ~176.00 before sharply rejecting and reversing, creating the highest point in this formation. Right Shoulder (Q4 2024 – Q1 2025): A lower high formed as the market attempted another rally but failed to break above the head or channel, showing weak bullish momentum. 💡 Confirmation Trigger: The neckline (around 156.00–157.00 zone) acts as the key trigger level. Price has broken below this zone and now shows signs of a retest — a classic sell signal in H&S structure. 🔸 3. Double Bottom Formation This pattern formed between Bottom 1 (Q3 2024) and Bottom 2 (Q1 2025). Although double bottoms are typically bullish reversal signals, this one formed inside the right shoulder of the H&S pattern — acting more like a temporary support retest than a genuine reversal. The lack of follow-through beyond the neckline further invalidates its bullish strength, turning it into a potential bull trap. 🔐 Key Price Zones Zone Label Meaning 174.052 SL (Stop Loss) Above right shoulder; invalidates bearish bias if broken 163.014 Current Market Price Trading sideways, post-neckline retest 148.075 Intermediate Support Potential short-term bounce zone 147.969 TP (Take Profit) Full projected move from neckline (based on H&S measurement) ⚙️ Trade Setup Strategy This setup is ideal for swing and position traders looking to capture medium- to long-term downside movement. Trade Direction: Short (Sell) Entry Zone: 162.00–163.00 or on break/retest of 158.00 Stop Loss: 174.052 (Above head/right shoulder structure) Target Profit: 147.969 Risk-Reward Ratio: 1:2.5 to 1:3 depending on entry 🧠 Note: Always wait for confirmation candles (e.g., bearish engulfing, pin bar, or bearish continuation) on the weekly or daily timeframe to confirm entry. 🔄 Outlook & Commentary This chart presents a high-probability trend reversal setup. While many traders may still view the double bottom as bullish, the failure to break above the neckline and the formation of a lower high suggest the bears are gaining control. Also, macroeconomic sentiment (such as any risk-off JPY strength or euro weakness) could further support this bearish bias. Technically, this setup aligns with textbook patterns and measured-move logic.
Short
by Royalfxsignal
EURJPY My Opinion! BUY! My dear subscribers, My technical analysis for EURJPY is below: The price is coiling around a solid key level - 160.44 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 161.55 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EUR/JPY Continues to Oscillate Within a Broad Sideways RangeThe euro has appreciated more than 1.5% against the Japanese yen over the last two sessions, and the growing bullish momentum in EUR/JPY has been driven mainly by renewed confidence in the euro following the recent weakness in the U.S. dollar. Additionally, the yen has come under downward pressure due to a reduction in safe-haven demand, prompted by Trump’s recent comments suggesting a pause in most tariffs targeting dozens of countries previously threatened in recent weeks. As the trade situation begins to stabilize, bullish pressure on EUR/JPY could become increasingly relevant in the short term. Broad Sideways Range: Since early August, a key sideways channel has taken shape, with resistance near 164.879 and support at 156.576. The price has tested both levels on multiple occasions but has so far failed to break out of this long-standing range. For now, this remains the most important technical formation to watch in upcoming trading sessions. MACD: The MACD histogram has approached the zero line and could be setting up for a bullish crossover, which may signal that the moving average momentum is starting to shift in favor of buying pressure. As the histogram moves further away from the neutral level, bullish momentum may gain even more significance on the chart. TRIX: The TRIX indicator line continues to oscillate above the zero line, indicating a prevailing bullish impulse. If the line continues to rise, this could lead to a stronger bullish momentum developing in the short term. Key Levels: 164.879 – Upper Range Resistance: This level marks the top of the broad sideways channel and remains the most important resistance in the short term. Price action near this area may continue to reinforce bullish sentiment and could pave the way for a short-term uptrend. 160.655 – Near Support: A mid-range barrier that aligns with the 100-period simple moving average. Continued price action near this level may reinforce the current neutral range, keeping the existing structure intact. 156.576 – Major Support: This level corresponds to the lowest prices in recent months. A clear breakdown below this level could trigger a relevant bearish breakout, opening the door to a new downward trend. By Julian Pineda, CFA – Market Analyst
by FOREXcom
EURJPY Short Term Buy Idea Update!!!Hi Traders, on March 27th I shared this idea "EURJPY - Expecting The Price To Bounce Higher Further" Expected bullish continuation higher until the two Fibonacci support zones hold. You can read the full post using the link above. Price is moving as per the plan!!! Price respecting the second Fibonacci support zone and bounces higher. My bullish view still remains. If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 -------------------------------------------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VladimirRibakov
EURJPY Will Go Down! Short! Here is our detailed technical review for EURJPY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 161.313. The above observations make me that the market will inevitably achieve 160.605 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
"EUR/JPY Trendline Break & RBR Zone Setup"🔹 Trendline Breakout * ✍️ A descending trendline was clearly broken * 📉 This signals a shift from bearish to bullish sentiment * 🚀 Potential for a strong move upward 🔵 RBR Zone (Rally-Base-Rally) * 📦 Marked as a demand zone * 🧲 Price dipped into this zone and bounced — bullish sign! * ✅ Ideal entry area for long trades 🎯 Target Point: 164.208 * 📈 This aligns with a previous swing high * 🎯 Potential move: +309.8 pips / +1.92% * 🥅 Clear bullish target if the momentum holds 🛑 Stop Loss: 160.455 * 🧱 Placed just below the demand zone * 💡 Gives the trade breathing room * 🔐 Risk-managed setup 📊 Indicators & Price Action * 📍 Current Price: 161.443 * 📈 Above the DEMA (9) = Short-term bullish * 🟢 Price action supports long entry Summary * 📌 Bias: Bullish * 🎯 Target: 164.208 * 🛑 Stop: 160.455 * ⚖️ Risk-Reward: Excellent (R:R ≈ 1:3+)
Long
by Jameshead007
Falling towards 61.8% Fibonacci support?EUR/JPY is falling towards the pivot which has been identified as a pullback support and could bounce tot he 1st resistance which acts as a pullback resistance. Pivot; 160.52 1st Support: 159.67 1st Resistance: 162.16 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. 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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Heading into 61.8% Fibonacci resistance?EUR/JPY is rising towards the pivot and could drop to the 1st support. Pivot: 161.18 1st Support: 159.92 1st Resistance: 162.16 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. 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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
EURJPY What Next? BUY! My dear followers, I analysed this chart on EURJPY and concluded the following: The market is trading on 160.85 pivot level. Bias -Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 161.67 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EUR/JPY "The Yuppy" Forex Bank Heist Plan (Swing/Day)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑 💰💸✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the EUR/JPY "The Yuppy" Forex Market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk ATR Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉 Entry 📈 : "The heist is on! Wait for the MA breakout (164.000) then make your move - Bullish profits await!" however I advise to Place Buy stop orders above the Moving average (or) Place buy limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level. 📌I strongly advise you to set an "alert (Alarm)" on your chart so you can see when the breakout entry occurs. Stop Loss 🛑: "🔊 Yo, listen up! 🗣️ If you're lookin' to get in on a buy stop order, don't even think about settin' that stop loss till after the breakout 🚀. You feel me? Now, if you're smart, you'll place that stop loss where I told you to 📍, but if you're a rebel, you can put it wherever you like 🤪 - just don't say I didn't warn you ⚠️. You're playin' with fire 🔥, and it's your risk, not mine 👊." 📍 Thief SL placed at the recent/swing low level Using the 4H timeframe (161.000) Day / swing trade basis. 📍 SL is based on your risk of the trade, lot size and how many multiple orders you have to take. 🏴‍☠️Target 🎯: 167.000 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. EUR/JPY "The Yuppy" Forex Market Heist Plan (Swing / Day Trade) is currently experiencing a bullishness,., driven by several key factors.👇👇👇 📰🗞️Get & Read the Fundamental, Macro, COT Report, Quantitative Analysis, Sentimental Outlook, Intermarket Analysis, Future trend targets..., go ahead to check 👉👉👉🔗 ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
by Thief_Trader
EURJPY: Top formation, sell opportunity.EURJPY is neutral on its 1D technical outlook (RSI = 53.515, MACD = 0.340, ADX = 26.005) as it ranges between its 1D MA50 and 1D MA200. This is a peak formation on the LH trendline of the 5 month Channel Down identical to January. At least a -6.20% bearish wave is to be expected. Today's spike gives an even better sell entry for a TP = 154.00. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
EJ, Massive correction is in order - and thats an understatementEURJPY has been resilient last year, goin parabolic and hitting highs at 175.0 levels. As with any parabolic behavior -- weighty trim downs has followed thereafter. Slashing as much as 1500 pips from its last years price peak. Based on recent long term metrics -- more trim downs is expected that may linger for quite a bit. Color of the year will likely stay red for the next few seasons ahead. Our diagram depicts a major long term shift -- with a ultra wide time spectrum double top resistance that spans 17 years from July 2008 to April 2025. This solid head bump zone is historically a hard roof to crack and its already showing rejection based on latest price behavior. As economic uncertainty lingers, with all markets in red recently -- JPY status as a safe haven pair is currently manifesting hence the recent surge in strength (and weakness on all paired). The resurfaced black bar on the last monthly closing represents the first of many incoming series of descending price levels. Expect more price decay from this top zone. Spotted at 161.0 Mid/Long term target 150, 140 areas. TAYOR Trade safely.
Short
by JSAL
EUR/JPY Falling Wedge Breakout | Bullish Potential Ahead🔍 Chart Overview: EUR/JPY – Daily Timeframe This chart illustrates the price action of the Euro against the Japanese Yen and highlights a Falling Wedge Pattern developing over several months. This is a classic bullish continuation/reversal setup, supported by key technical levels. 📐 1. Chart Pattern: Falling Wedge A falling wedge is a bullish chart pattern that occurs when the market consolidates between two downward-sloping trendlines. Characteristics Seen in the Chart: Converging Trendlines: The upper (resistance) and lower (support) boundaries are both sloping downward, indicating a narrowing price range. Volume (not shown) usually decreases during the formation, followed by a surge on breakout. Multiple Touch Points: The price action respects both boundaries multiple times, confirming the pattern's validity. 🏛️ 2. Key Levels ✅ Support Level (Demand Zone): Marked around 156.000 – 158.000 Multiple bounces from this area, indicating strong buying interest. Aligned with the lower wedge trendline and historical price reaction zones. 🚫 Resistance Level (Supply Zone / Breakout Zone): Around 164.500 – 166.000 Price repeatedly failed to break this level, confirming it as a strong supply area. Confluence of horizontal resistance and the upper wedge boundary. 📊 3. Trade Setup 💼 Entry Strategy: Confirmation Buy: Enter a long position upon a daily candle close above the wedge resistance (around 166.000). Aggressive traders may consider an earlier entry near the wedge’s support with a tight stop. 🎯 Target: The projected target is 172.962, calculated based on the height of the wedge pattern added to the breakout point. This aligns with a previous swing high area, serving as a logical profit-taking zone. 🛑 Stop Loss: Positioned at 155.576, just below the key support zone. This allows the trade room to breathe while protecting against a full pattern failure. ⚖️ 4. Risk Management Risk-to-Reward Ratio (RRR): Target around 172.962 and Stop Loss at 155.576 offer a favorable RRR of approximately 2.5:1 or more, depending on entry. Position Sizing: Use appropriate lot size based on your account risk tolerance (e.g., 1-2% of equity per trade). 📅 5. Timeframe Outlook Medium to Long-Term Setup: Since this is a daily chart, the trade may take weeks to months to fully play out. Patience and proper trade management are essential. 🔎 6. Additional Notes Retest Opportunity: If price breaks out, look for a retest of the resistance zone as new support before continuation to the upside. Fundamental Factors: Keep an eye on EUR and JPY economic data, ECB and BoJ policy announcements, and global risk sentiment, which can influence the pair. 🧭 Professional Takeaway This is a textbook bullish falling wedge pattern within a well-defined technical structure. The chart provides: A clear pattern breakout level, Strong historical support/resistance zones, A defined risk management plan, And a realistic price target based on technical projection. If you are a swing trader or position trader, this setup offers a high-probability opportunity with favorable risk-reward dynamics—provided a breakout is confirmed.
Long
by GoldMasterTrades
GBP/USD: The Make-Or-Break Zone”GBP/USD is showing strong bullish momentum, pushing toward the key resistance zone between 1.33000–1.36000. However, a short-term correction may occur before the next leg higher. Key Levels: Support Zone: 1.27983 Resistance Zone (Target): 1.33000–1.36000 Invalidation Level of Bullish Trend: 1.22544 Bearish Scenario: If 1.22544 breaks, eyes on 1.13843 The structure supports bullish continuation unless price breaks below 1.22544. Stay patient and look for clean entries post-correction.
by Greenfireforex
EUR/JPY "The Yuppy" Forex Bank Heist Plan (Scalping / Day Trade)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑 💰💸✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the EUR/JPY "The Yuppy" Forex Market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉 Entry 📈 : "The heist is on! Wait for the MA breakout (163.000) then make your move - Bullish profits await!" however I advise to Place Buy stop orders above the Moving average (or) Place buy limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level. 📌I strongly advise you to set an alert on your chart so you can see when the breakout entry occurs. Stop Loss 🛑: Thief SL placed at the recent/swing low level Using the 30 mins timeframe (161.500) swing trade basis. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. 🏴‍☠️Target 🎯: 166.000 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. EUR/JPY "The Yuppy" Forex Market Heist Plan (Scalping / Day Trade) is currently experiencing a bullishness,., driven by several key factors. 📰🗞️Get & Read the Fundamental, Macro, COT Report, On Chain Analysis, Sentimental Outlook, Intermarket Analysis, Future trend targets.. go ahead to check 👉👉👉 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
Long
by Thief_Trader
EUR/JPY – Bearish Setup with Elliott Wave AnalysisThis EUR/JPY daily chart shows an Elliott Wave analysis, suggesting a possible bearish continuation. The current wave structure indicates the pair is moving through the final phase of a five-wave impulsive sequence. The market has completed three waves of a larger impulsive cycle, with Wave (4) The price movement between Wave (2) and Wave (4) shows a pause or slowdown after going up. This means the buyers are losing strength, and the price may soon start to fall If the price gets rejected near 162.900 , it could confirm further downside. If it breaks below the 159.674 level, it may speed up the decline, with a possible target around 155.526 level.
Short
by Money_Dictators