EURJPY Fool-Surprise Reverse Ok ?EURJPY direction.
Well, I am excited the algos pushed the price 0.2% higher in compariston to yesterday, we are still due to dump 1-2% to the downside.
Lets Go. Accumulate more and more shorts, this is the only direction.
THIS IS JUST MY PLAN - NOT AN ADVICE.
No stop loss at this point, after loosing crucial levels, we can expect JPY central bank interventionm at any point, and - I am surprised idiot traders are still pushing the price in wrong directon still.
Take profit: 168.13
Stop loss: NONE.
EURJPY
Trade Like A Sniper - Episode 50 - EURJPY - (21st June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing EURJPY, starting from the 2-Month chart.
If you want to learn more, check out my profile.
EURJPY to find sellers at market?EURJPY - 24h expiry
We are trading at overbought extremes.
Price action looks to be forming a top.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
We look to sell rallies.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
We look to Sell at 169.90 (stop at 170.40)
Our profit targets will be 168.70 and 168.30
Resistance: 171.20 / 175.50 / 178.55
Support: 168.95 / 167.35 / 164.30
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EURJPY 300 PIPS SWING IDEAThe EUR/JPY pair recently hit the resistance level from 2008 and has been bouncing off that zone for several weeks, indicating that the bears are attempting to take control. On the H4 time frame, you can spot two double tops forming over some time. Last week, there was a significant impulse move to the downside, culminating in a bearish flag pattern. I'm anticipating two potential reversals within this bearish continuation pattern—either a double top or a head and shoulders—before executing my short positions. Until then, stay vigilant and keep your spirits high.
EUR/JPY BEST PLACE TO SELL FROM|SHORT
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 1H 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 169.467 area.
✅LIKE AND COMMENT MY IDEAS✅
EURJPY Technical Analysis! SELL!
My dear followers,
I analysed this chart on EURJPY and concluded the following:
The market is trading on 169.60 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish
continuation.
Target - 169.04
Safe Stop Loss - 169.91
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.
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WISH YOU ALL LUCK
EURJPY 4Hourr TF - June 17th, 2024Monthly - Bullish
Weekly - Bullish
Daily - Bullish
4Hour - Bearish
Scenario 1: EJ has been looking bullish for a while and it has put us into an area we haven't seen since 2008. My max target on a long position would be around 171.400 due to the lack of other structure to base levels off of. It's likely we will continue bullish but nothing would be confirmed until we see a minor break of structure at 169.950.
Scenario 2: We also could see this new 4hour bearish trend take hold and push price action below our 167.500 zone. If this happens it would look like a promising short position even though it goes against the higher TF trends.
Look for convincing lower lows and lower highs below 167.500.
EURJPY - Follow The Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EURJPY has been overall bearish, trading within the falling red channel.
Currently, EURJPY is undergoing a correction phase and it is currently approaching the upper bound of the channel.
Moreover, it is retesting strong supply zone marked in blue.
🏹 Thus, the highlighted red circle is a strong area to look for trend-following sell setups as it is the intersection of the blue supply zone and upper red trendline acting as a non-horizontal resistance.
📚 As per my trading style:
As #EURJPY approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURJPY counter trend short move is expected**Monthly Chart**
EURJPY monthly chart is looking bullish, we have already broken July 2008 high. I do expect a huge reaction from BOJ around this level. Last month candle closed bullish after spiking around 170 level. This month candle which is already active is moving towards breaking the high of last month and reacting from July 2008.
**Weekly Chart**
last week candle closed as bullish. There is still no sign for a price reversal on weekly as the weekly time frame indicating a clear bullish trend. However, there might be a huge reaction around July 2008 historical high level.
**Daily Chart**
If the price moves slowly to the upside in a corrective wave with a price action pattern formation, it will provide a sell signal to move lower. I am expecting a reaction around this area which might provide a sell setup to go short at least for 500 pips.
EUR/JPY SENDS CLEAR BULLISH SIGNALS|LONG
Hello,Friends!
EUR/JPY pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 2H timeframe the pair is going down. 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 168.879 area.
✅LIKE AND COMMENT MY IDEAS✅
Bullish rise?EUR/JPY has just reacted off the pivot and could potentially rise to the pullback resistance.
Pivot: 168.31
1st Support: 167.37
1st Resistance: 170.03
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EURJPY Potential DownsidesHey Traders, in today's trading session we are monitoring EURJPY for a selling opportunity around 169.500 zone, EURJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 169.500 support and resistance area.
Trade safe, Joe.
EURJPY ANALYSIS [W/B 10/06] Long term Swing Short EJ has been heavily, bearish within - not just - the last few hours, but days. Sells have most definitely taken over and have resulted in continuous breaks of structures downwards.
The last BOS on the far right - once it happens (Seeing as lows just keep being attacked, with liquidity continuously being left behind) - will confirm the overall sell into demand that was once created at the beginning of May.
N.B. It would be worth having a look at other JPY pairs too for this trend.
Narrative Analysis and Market Insights | EU & EJ - 09 June, 2024Join me as I dive into my daily analysis routine, conducted every evening before the market opens. I'll show you how I decide whether to trade or stay out of the market the following day. My strategy revolves around trading just two currency pairs, and I'm excited to share my insights with you. Stay tuned for regular updates and trading tips.