EURJPY Day | Falling to support level?EURJPY is falling from a pullback resistance level and heading to our take profit level.
Entry: 159.769
Why we like it:
There is a pullback resistance level.
Stop Loss:161.855
Why we like it:
There is a swing-high resistance.
Take Profit: 157.678
Why we like it:
There is a pullback support level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
EURJPY
EURJPY: Bears Will Push Lower
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURJPY chart which, if analyzed properly, clearly points in the downward direction.
❤️ Please, support our work with like & comment! ❤️
EURJPY top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURJPY Will Explode! BUY!
My dear friends,
EURJPY looks like it will make a good move, and here are the details:
The market is trading on 161.66 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 162.35
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
EURJPY and CHFJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Bearish Sequence (Descending Triangle) - EJHere I have EUR/JPY on the 4Hr Chart! I believe we are seeing a Correction in the Bearish direction since EUR/JPY has been traveling in a UPTREND for quite some time!
Our current Highest High @ 164.308 on Nov' 16th is the first touch of the Falling Resistance followed by the failed attempt at a Higher High @ 163.719 on Nov' 26th forming what could potentially be a Descending Triangle Pattern!
**Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!
Fundamentally this week:
EUR - CPI (Wed), Flash CPI & OPEC (Thur) and President Lagarde Speaks (Fri)
JPY - OPEC (Thur)
-Bearish Prediction-
If Price Breaks and Closes above 163.719, Set-Up INVALIDATED!
If Price Breaks and Closes below 161.245, Price Action will initiate my Trade Action Plan!
EURJPY → Next on the downside comes 161.20FX:EURJPY corrects further down and drops to four-day lows around 162.20 on Tuesday.
The continuation of the downward bias carries the potential to drag the cross to the weekly low of 161.20/25 band (November 21) prior to the provisional 55-day SMA, today at 159.40.
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA at 153.37.
EURJPY Trading Opportunity! SELL!
My dear friends,
My technical analysis for EURJPY is below:
The market is trading on 163.35 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 162.52
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
———————————
WISH YOU ALL LUCK
EURJPY Will Move Lower! Short!
Please, check our technical outlook for EURJPY.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 163.399.
The above observations make me that the market will inevitably achieve 162.547 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
EURJPYPair : EURJPY ( Euro / Japanese Yen )
Description :
Completed Impulsive Waves " 12345 " and Corrective Waves " abc " and makings its Impulsive Waves ( Bearish ) Again. Rising Wedge as an Corrective Pattern in Short Time Frame and it can Reject from the Upper Trend Line or Fibonacci Level - 78.60%
Entry Precaution :
Wait for Rejection or Breakout