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Eurjpyanalysis

EURJPY Analysis. Update!Hello Everyone. I want share my idea about EURJPY. Last week I share my idea about this pair and also open my long position which is going well. THE REASON WHY I OPEN LONG. On high timeframe we (1D,1W) we have big bullish trend, i was waiting correction for find right spot for open long position, in this week i see price lost movement when it came at Fibonacci 50 % LVL, it stopped little time and at 1h timeframe we saw reversal movement, it broke trendline and last hour, Friday, market closed when candle came little bit strong down for retest. my signal, for next week is still bullish, i would like to see retest at support zone at 155.3 see pullback from that area and brake resistance at 156.9. Here is my 2 scene. 1 Bullish - price show us new low of uptrend at support, going strongly up and brake resistance and going to show us ne month high. 2 Bearish - Price downtrend is strong, support cant catch price movement, and its coming down strong.
Long
by elmakacho
2
"EUR/JPY: Red Alert!" Brace Yourself for the Bearish Tsunami.The trade idea for EUR/JPY is to sell calland place sell limit orders. Two potential entry points are identified with corresponding take profit and stop loss levels, as well as the risk-reward ratio (RRR) and the account risk. ENTRY 1: Entry: 156.985 Take Profit: 155.734 Stop Loss: 158.187 RRR: 1:1 Account Risk: 0.75% ENTRY 2: Entry: 157.260 Take Profit: 155.217 Stop Loss: 158.187 RRR: 1:2.2 Account Risk: 0.50% Technical Methodology: The trade idea is supported by several technical indicators and patterns: Breakdown of Support Zone on RSI (Relative Strength Index) on the Daily Time Frame: This suggests a bearish sentiment and weakness in the EUR/JPY pair. Breakout of Rising Wedge on the Daily Time Frame: A rising wedge pattern typically indicates a potential reversal or bearish continuation, adding to the negative bias. Rejection from Historic Weekly Resistance Zone: The pair has faced resistance at a significant historical level, which could indicate the presence of sellers and reinforce the bearish outlook. Breakout of RSI Bearish Divergence on the 4-hour Time Frame: Bearish divergence on the RSI suggests a weakening bullish momentum and possible reversal to the downside. MACD Bearish Divergence on the 4-hour Time Frame: Similar to the RSI divergence, the bearish divergence on the MACD histogram signals a potential reversal or continuation of the bearish trend. Price Contacting Bearish Channel Resistance Trendline: The price action is approaching a resistance trendline within a bearish channel, indicating a potential area of selling pressure. Price Contacting Important Resistance Zone: The price is interacting with a significant resistance zone, which adds confluence to the bearish bias. By considering these technical factors, the trade idea suggests a bearish outlook for EUR/JPY, with two potential entry points, corresponding take profit and stop loss levels, and an assessment of risk-reward ratios and account risk. However, please note that trading involves risks, and it's essential to conduct your own analysis and consider market conditions before making any trading decisions. #BearishDivergence #RSIDivergence #MACDDivergence #ResistanceTrendline #BearishChannel #SellingPressure #ResistanceZone #TechnicalAnalysisSignals #ReversalPotential #ContinuationPattern #EURJPYAnalysis
Short
by The_TradingW0LF
1
EURJPY: Despite the alarming inflation figures from Germany and.The EUR/JPY pair extended its losses for the second consecutive day, sliding to 157.40. Strong retail sales data from Japan contributed to the strengthening of the Japanese Yen. Despite hot inflation figures reported in Germany, with CPI rising to 6.4% (compared to the expected 6.3%), and in Spain, with CPI reaching 1.9% (compared to the expected 1.7%), the EUR/JPY pair still faced pressure. However, the increased interest rates in Germany limited the potential depreciation of the Euro.
Long
by Sphyn-Trader
8