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
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.
If you like it then Support us by liking, Following, and Sharing.
Thanks For Reading
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
———————————
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?
❤️Please, support my work with like, thank you!❤️
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.
———————————
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.
———————————
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! 🚀
EUR/JPY Finally Broke The Supp,Can We Sell It And Get 250 Pips ?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.
EUR/JPY BEST PLACE TO BUY FROM|LONG
Hello, Friends!
EUR/JPY is making a bearish pullback on the 1H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 161.980 level.
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EURJPY "Yuppy" Bank Bearish Robbery Plan on Short sideOla Hola Robbers / Traders,
This is our master plan to Heist EURJPY Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish 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.
Stop Loss : Recent Swing High using 4h 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 BUYKey Factors Influencing EUR/JPY:
Euro (EUR): The value of the euro is significantly affected by the economic conditions in the Eurozone and the monetary policy of the European Central Bank (ECB). Factors like GDP growth, inflation rates, and unemployment can impact the euro’s strength.
Japanese Yen (JPY): The yen is considered a safe-haven currency, often appreciating in times of global uncertainty. The Bank of Japan's (BOJ) monetary policy, including interest rates and quantitative easing measures, plays a crucial role in determining the yen's value.
Interest Rate Differential: The difference in interest rates set by the ECB and BOJ can influence the EUR/JPY exchange rate. Higher interest rates in the Eurozone relative to Japan typically strengthen the euro against the yen, and vice versa.
Market Sentiment and Geopolitical Factors: Global market sentiment and geopolitical events can affect the EUR/JPY rate. During periods of market uncertainty, the yen often strengthens as investors seek safe assets.
I am waiting for YEN to keep the band shown in the picture and weaken further.