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Eurjpy!

EURJPY 515 PIPS SHORT TRADE READ DISCRIPTION 1. **Bearish Setup and Reversal**: EUR/JPY is showing signs of a bearish setup and potential reversal. A fresh supply zone has been identified between 162.957 and 163.457, where investors, institutions, big players, and hedge funds are anticipated to initiate short trades in bulk. This zone serves as a significant area of resistance, suggesting a potential reversal in the pair's price movement. 2. **COT Data Analysis**: The Commitments of Traders (COT) data indicates a substantial bearish sentiment, with 443,000 short positions and only 180,000 long positions. This data suggests a significant imbalance in favor of short positions, reinforcing the potential for downward pressure on EUR/JPY. 3. **Trader Sentiments**: Trader sentiments show a strong bias towards shorts, with 78% of traders holding short positions and only 22% holding long positions. This sentiment aligns with the bearish outlook indicated by the COT data. 4. **Fundamental Analysis**: The fundamental analysis suggests that the Japanese yen is weakening after the Bank of Japan (BOJ) adopted a dovish tone, signaling expectations for further weakness. This news is likely to impact EUR/JPY negatively, supporting a bearish bias. 5. **Technical Analysis Indicators**: All trading indicators are signaling a strong sell sentiment, further supporting the bearish outlook for EUR/JPY. 6. **Trade Parameters**: - Risk-to-Reward Ratio: The risk-to-reward ratio for this trade setup is 24.73, indicating a potentially favorable risk-reward profile. - Take Profit Levels (TPs): Three take profit levels have been identified and marked with yellow horizontal lines. These levels provide traders with opportunities to scale out of their positions as the price moves in the desired direction. - Profit Target: The overall profit target for this trade is set at 515 pips, representing a significant potential profit. In conclusion, the technical, fundamental, and sentiment analysis collectively suggest a strong bearish outlook for EUR/JPY. The identified supply zone, coupled with the overwhelmingly bearish sentiment and supportive fundamental factors, presents a compelling opportunity for short trades. Traders should closely monitor the trade, adjusting their positions based on market dynamics and adhering to risk management principles.
Short
by MOAZAM1133
2
EURJPY I Potential intraday buy from support Welcome back! Let me know your thoughts in the comments! ** EURJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and 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!
Long
by BKTradingAcademy
EURJPY - 4hrs ( Sell Trade Target Range 200 PIP ) 💵Pair Name EUR/JPY Time Frame : 4 hrs Scale Type : line chart + Candle Stick ------ 🔗 Key Technical / Direction ( Short ) Type : Mid Term Swing —————————— Bearish Break 163.600 Area Reasons - Major Turn level - Fixed Range Hvn - Trend Break Out - Fibo Golden Break - Turn Over Trend Bullish Reversal 161.250 Area Reasons - Major Turn level / D - Trend Line Area - Choch ZOne - Pattern Target - Fixed Poc Area
Short
by GoldenEngine
EURJPY,🟢Bullish scenarios🟢 As you can see, the price created equal highs defined as our final target. There are two possible scenarios. Personally, I prefer to see the price move lower once again, and after collecting the sell side liquidity get support from the mean threshold of the order block and the midway of the bullish daily FVG, then we can look for the LTF for entry. It's a high-probability scenario. The second scenario is a low probability, which is the price moves higher from here and leaves the sell side liquidity untouched. 💡Wait for the update! 🗓️25/03/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Long
by VahidTradingCR
3
EURJPY Will Grow! Long! Take a look at our analysis for EURJPY. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 164.049. The above observations make me that the market will inevitably achieve 165.508 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURJPY Approaching Channel Up top. Bearish signal.The EURJPY pair is very close to our 168.000 Target that we set on our last analysis (December 13 2023, see chart below): That is at the top of the 2-year Channel Up that started on the March 07 2022 Low. Technically after that, it calls for a short-term trend-reversal. As a result we modify the bullish Target to 167.400 and then will go for a short-term sell, targeting 164.500. This is because we have identified a short-term RSI bearish divergence pattern, which when the RSI in on Lower Highs and the pair on Higher Highs (i.e. Bearish Divergence), the price rises to the 2.0 Fibonacci extension and then pulls back to the 1.0. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
Building The Case For The BIG Yen Reversal?? (Coming Soon)Unless you've been living under a rock the last few years you have seen the massive depreciation in the Japanese Yen against every other major currency pair in this post I'm going to share with you why I think the BIG reversal in fast approaching. This post is much like the post I did on the CHF at the beginning of the Year where I correctly predicted a major correction (see related post) where every single CHF pair had reached key higher timeframe support levels and buy zones at the same time. A similar story is occurring in the major JPY cross pairs also at the same time we have the BOJ finally ending negative rates and hinting of more possible rate hikes this Year whilst other central banks are talking about cutting rates with the SNB leading the race last week. First off is the USDJPY you can see on the Monthly chart where 152 is acting as a key resistance level that goes all the way back to 1990 this is a key technical level. Next is the GBPJPY I did a post on this last week about the likelihood of a sell off from the 193 Monthly resistance level (see image below) Then we have the AUDJPY which the 100 mark last week which is approaching a key resistance zone @101 above this zone has seen massive corrections in the past (see image below) Next is the NZDJPY which I done a post on several months ago showing you the importance of the 93 resistance and the likelihood of a correction from this level which the chart below shows we got a rally to here followed by a sell off. Next is the EURJPY which last week got the break above 165 before selling off shortly back below last years high of 164 the chart below shows 2 key resistance areas here @164 and @167 where we have seen massive sell offs before. As you can see all the major pairs are at or approaching key Monthly resistance levels and sell zones where there have been huge corrections from in the past. To me this is a massive correlation across all the major pairs and very much indicating that a change in the tide is coming very soon. This very much is mimicking exactly what happened with the CHF pairs this year. Will the same happen with the JPY pairs only time will tell but it's looking very good there are several ways to trade this build into sell positions across all pairs off course this can increase your risk exposure and off course swap fees or you can trade yen futures. Off course the timing of this reversal is the hard part as it's the Monthly charts could take several months to play out or more. And then there is the possibility that I am wrong and the YEN weakens more and all these major levels get blown out at the same time :) Let me know what you think in the comments :)
Short
by TheFxAce
8
EurJpy at a level to watchHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Trend on the jpy crosses were mostly to the upside, pullback was seen on last thur,fri, currently lets see how the trendline and key support holds. will it propel it higher? This is same for EJ. UJ has a potential double tops.not confirmed yet though Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
by Shadowing_The_Big_Boys
Will EURJPY bearish momentum stall?EURJPY - Intraday Price action looks to be forming a top. A lower correction is expected. Short term bias is bullish. 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 163.40 level. We look to Buy at 163.40 (stop at 162.30) Our profit targets will be 164.40 and 164.70 Resistance: 167.35 / 168.95 / 171.20 Support: 161.90 / 160.00 / 158.70 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
EUR/JPY H4 | Could the BoJ finally raise interest rates today?EUR/JPY could fall towards a potential breakout level and drop lower from here should we see the BoJ finally raises interest rates today (19th March). Sell entry is at 161.877 which is a potential breakout level. Stop loss is at 162.800 which is a level that sits above an overlap resistance. Take profit is at 160.380 which is a pullback support that aligns close to the 61.8% Fibonacci retracement level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM