EJ & GJ: Preparing for a Bearish Move This Monday!
Join me as I dive into my trading strategy for the upcoming week, focusing on EJ and GJ for a potential bearish move this Monday, September 8th. In this video, I’ll share my narrative and analysis to help you capitalize on price movements, even on typically slow Mondays. Whether you’re a seasoned trader or just starting out, I’ll provide insights and tips to execute your trading plan effectively. Don’t miss out on this opportunity to enhance your trading skills and make informed decisions! Subscribe for more trading strategies and live updates!
Eurjpy!
EUR/JPY BULLS ARE STRONG HERE|LONG
Hello, Friends!
Previous week’s red candle means that for us the EUR/JPY pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 160.064.
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YENOCALYPSE. TO BE CONTINUE...The yen has posted several outsized moves in recent days, appreciating sharply on Thursday and Friday from 38-year lows of 161.96 per dollar, sudden rallies that market participants said had the signs of currency intervention.
Bank of Japan data released on Tuesday suggested Tokyo may have spent 2.14 trillion yen ($13.5 billion) intervening on Friday. Combined with the estimated amount spent on Thursday, Japan is suspected to have bought nearly 6 trillion yen via intervention last week.
In technical terms, USDJPY Fx pair has broken its major Bullish 7-months trend.
What is next? I think retrace is possible.. But just to deliver much more to 152nd ground.
// Mega stocks are in ruins..
EURJPY Buy opportunity only if the 1D MA50 breaks.The EURJPY pair has been trading within a long-term Channel Up since the March 07 2022 bottom. The start of July saw it experience a strong correction, technically the latest Bearish Leg of the pattern that broke below the 1W MA50 (blue trend-line) for the first time since the week of March 20 2023 and hit the 1W MA100 (green trend-line) for the first time since March 07 2022!
The 1W MA100 held, which confirmed its status as the multi-year Support but the rebound was short-lived as, even though it marginally broke above the 1W MA50, it failed to close a candle above it.
As a result, this will be our signal to buy, a 1W candle closing above the 1W MA50. Once the bullish break-out takes place, our Target will be 182.000, which represents a +19.50% rise from the Higher Low, which is the % growth of both previous Bullish Legs within the Channel Up.
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Bullish reversal?EUR/JPY is falling towards the support level which is a pullback support that is slightly below the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 157.70
Why we like it:
There is a pullback support level that is slightly below the 61.8% Fibonacci retracement.
Stop loss: 155.94
Why we like it:
There is a pullback support level.
Take profit: 160.41
Why we like it:
There is a pullback resistance level.
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EURJPY "YUPPY" Bank Money Heist Plan on Bullish SideHola ola My Dear,
Robbers / Money Makers & Losers,
This is our master plan to Heist EURJPY "YUPPY" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss : Recent Swing Low using 30m timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
EUR/JPY Trade Setup 4 Hour TimeframeEUR/JPY has formed a descending channel on the 4-hour timeframe, followed by a strong breakout and a retest.
The price is currently at the retest level, so we will be looking for buy candlestick signals from this level.
To find a suitable entry, we need to scale down to the lower timeframes to identify chart patterns and candlestick confirmations.
Waiting for +300Pip trade in EUR/JPY(09/03/2024)after a long run in the last few weeks, EUR/JPY corrected smoothly and finally gave us to jump in some trades.
if you watch closely the price has reached the daily OB and moved sharply upward, this kind of move has made a CHOCH indicating the overall correction on Daily OB has been ended and the price is likely heading upward.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
EUR/JPY - 4hrs ( Buy Trade Target Range 400 PIP )Pair Name : EUR/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Short )
Type : Mid Term Swing
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Bullish Break
162.500
Reasons
- Major turn level / W
- Fixed Range Hvn
- Patter Break
- w / D High
- Visible Range Lvn
- Fibo / Quarters area
Bearish Reversal
167.500
EURJPY bearish continuation expected
EURJPY we are have strong bearish push, which is be based on BoJ rate cut which we are have before 2 weeks, when they are raise rates.
Here now on lower TF we can see DESCENDING pat created, this idea is based on TREND follow and still expect to see new higher bearish from here.
Currently price look like its make break, EUR technically with many look bearish and fundamentally tomorrow we will have strong EUR event (German GDP) where expect more weaknes on EUR.
TP1: 157.600 (300)
TP2: 156.100 (450)
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MarketBreakdown | EURUSD, EURJPY, GBPCAD, GBPNZD
Here are the updates & outlook for multiple instruments in my watch list.
1️⃣ EURUSD daily time frame 🇪🇺🇺🇸
EURUSD looks heavily overbought after a recent strong bullish rally.
The price started a correctional movement and broke a solid rising trend line.
I think that the pair will continue the correction to lower levels.
2️⃣ EURJPY daily time frame 🇪🇺🇯🇵
I see a classic bearish accumulation pattern - a descending triangle formation.
Bearish breakout of the neckline of the pattern and a daily candle close below
that will be an important event that will most likely trigger a strong bearish reaction.
Alternatively, a bullish breakout of a trend line can be a strong bullish signal
3️⃣GBPCAD daily time frame 🇬🇧🇨🇦
The price formed an inverted cup & handle pattern after a test of a key daily
horizontal resistance.
A breakout of the neckline of the pattern signifies a highly probable continuation
of a retracement from the underlined read area.
4️⃣ GBPNZD daily time frame 🇬🇧🇳🇿
I see a confirmed breakout of a neckline of a huge descending triangle formation.
The broken structure and a falling trend line compose a contracting supply zone now.
I will expect a bearish movement from that to lower structure levels.
Do you agree with my market breakdown?
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EURJPY Set To Grow! BUY!
My dear friends,
Please, find my technical outlook for EURJPY below:
The instrument tests an important psychological level 160.93
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 162.17
Recommended Stop Loss - 160.33
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
EURJPY Long Hi Traders,
We have another Week of opportunities.
Just a quick technical analysis on the 15m. A previous Demand Zone is Tapped in after drawing out sell side liquidity.
We have another liquidity taken with a multi FVG. Executing a Limit Buy Order at $161.222, SL - $161.032, TP $162.645. Trade Responsibly
EURJPY What Next? BUY!
My dear friends,
Please, find my technical outlook for EURJPY below:
The instrument tests an important psychological level 161.37
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 162.15
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
Bullish Butterfly Pattern Checkback on EURJPYHere’s an interesting setup for all you counter-trend traders out there. A Bullish Butterfly Pattern checkback could provide a solid buying opportunity. Let’s break it down.
Current Overview:
- Bullish Butterfly Pattern: This pattern is setting up a potential buying opportunity for those looking to trade against the trend.
Strategy:
Entry: Look to enter a long position as the market completes the Bullish Butterfly Pattern.
First Resistance Level:
Trendline Break: The first level of resistance will be at the Red Trendline on the chart.
Partial Profit: When the market touches this trendline, consider taking partial profits.
Stop-Loss Adjustment: Shift your existing stop-loss to the entry price at this point, creating a risk-free trade.
Final Thoughts:
This setup offers a clear strategy for managing risk while capitalizing on a potential counter-trend move. Remember, trading is all about planning and managing your risk effectively.
Are you considering this trade? What’s your approach to counter-trend trading? Share your thoughts and strategies below!
Happy trading, everyone! 🚀