How To Catch/Understand Impending Forex Reversals | EURJPY TodayFor any Market to reverse its long term trajectory, you need to have a complete change in Market Mood / Sentiment.
This is becoming apparent on the EURJPY and other JPY pairs as prices/mood reverses.
A more hawkish JPY mixed with a more Dovish ECB, as well as other major economies may provide the means for a longer term reversal.
Potential for other measures incorped by the BOJ too.
EURJPY
EURJPY I It will grow to the upside 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.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
GBPJPY - Multi Year SHORTS Coming! (Over 10,000pips)Here we have the 2 month chart of GBPJPY. We can see that we're in a massive ending diagonal made up of 5 waves.
We are currently on wave 4 and have almost completed. At the moment we are working within the parameters of a channel however we must be aware that we may exceed the channel. The channel is just there for us to use as a guideline.
In 2007, we have a really nice ending diagonal (expanding) before we made that ridiculous +13k pip drop.
See below for the 2D GBPJPY chart from 2007:
We can see that the lower timeframe diagonal broke down beautifully.
We are anticipating something similar this time round!
See below for the 2D GBPJPY chart of the current diagonal:
We've got an almost identical price action as 2007. We just got to wait a little and watch for the break of the red trendline and enter and hold.
See below for the 2week chart of GBPJPY:
Trade Idea:
- Watch for a break of the ending diagonal
- Alternatively, you can wait for a pullback after the ending diagonal breaks
- stop loss above highs once entry trendline breaks
- Swing Target: 100 (10,000pips)
What do you guys think?
Goodluck and as always, trade safe!
EUR/JPY BULLS ARE STRONG HERE|LONG
Hello, Friends!
EUR/JPY pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 170.398 area.
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Where Will JPY Pairs Go Next? Full Yen Tech/Fund OverviewYen Forex Pairs have fallen across the board on rumoured intervention.
This is the propping up of the Yen Currency by Japanese authorities to stop the upward flow of its counterparts and draw further weakness of the JPY due to interest rate differentials between major economies.
The question is, will it continue?
EURJPY ShortFollowing the formation of two doji candlestick, which the latter did not close above the first one, I do anticipate that the price will continue with the bearish momentum, retracting to the weekly 0.2 fib level.
The entry position will be based on the outcome of the today's closing price as my proposal would be at 166.0 A detailed analysis using a shorter time frame will follow.
EUR/JPY BULLS WILL DOMINATE THE MARKET|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 171.112.
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EURJPY - buy to sell setup?There is some glitch and previous 2 posts shall be deleted as soon as possible. Okay, onto the EJ - As price finally dropped down to the daily buy zone, while breaking the structures with a big drop and creating it's own ITR, I am bearish on EJ but before that I am looking for buys prior to sells. That would make sense, knowing that liquidity can come into the market from higher buy/sell zones and price is increasing from the daily buy zone. Lets's watch it closely as the setup seems great!
Some Of My Entry Reasons , How I Have 10 Wins Tardes Per Week !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Buy EUR/JPY Head & Shoulder PatternThe EUR/JPY pair on the M30 timeframe presents a potential Buying opportunity due to formation Head & Shoulder pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 167.12. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 169.38
2nd Support – 171.10
Stop-Loss: To manage risk, place a stop-loss order below 164.60. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
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EURJPY -4hrs ( Sell 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 important points of entry, exit and entry with more than 5 reasons
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Key Technical / Direction ( Short )
Type : Mid Term Swing
———————————
Bearish Break
169.500 Area
Reasons
- Major Turn level
- Visible Range HVN
- Channel Break Out
- Fixed range Value
- Day / week low
Bullish Reversal
165.500 Area
Reasons
- Major Turn level
- Visible Range lvn
- Fixed Range Poc Area
- Quarters Area
- Fibo Golden
- Major Choch Zone
EUR/JPY At Old Support Now , You Think It Will Go Up ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Is EURJPY going to turn around? the week of 22 July, 2024Many of us never realized that the current bull run in this pair began more than 4 years ago. Is anything going to change soon? I don’t think so, not until the recent low at 167.520 is convincingly taken out.
At this time, my bias is therefore bullish and I am only looking for the conclusion of the current pullback. Once that is established, I will be looking to take an entry long. Price is finding support at the 50ema and Ichimoku holds a bullish view as well.
This is not a trade recommendation, it is just my analysis.
You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management if/when you trade.
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EURJPY - Potential long !!Hello traders!
‼️ This is my perspective on EURJPY.
Technical analysis: We are bullish and price rejected from trendline + LZ, as well we have hidden divergence. On H4 we have regular divergence, so I wait price to break the structure for a long position.
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EURJPY Will Go Higher! Buy!
Take a look at our analysis for EURJPY.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 171.611.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 172.674 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.
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