EURJPY Analysis 11July2023for now the price is stuck at the second SND, if the price manages to fall more than the second SnD, then the bullish trend has collapsed. could be the beginning of a change to a bearish trend.
Eurjpyanalysis
EUR/JPY +200 Pips 0 Drawdown , New Entry Now To Who Missed FirstThis 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.
EURJPY This pair has been very bullish buy Jpy is showing signs of strength but it could be a temporary pullback, I would prefer to take the long but if the pair breaks below the blue zone and makes a lower low close then I will look to go short
EUR/JPY +120 Pips 0 Drawdown From last Free Entry , UpdatedThis 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: 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.
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Finally Good Bearish P.A On EURJPY,Let`s Sell It To Get 200 PipsThis 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.
EURJPY Breakout Trade IdeaEURJPY Breakout Trade, place buy and sell stop.
Manage your risk according to Account Size!
EURJPY BuyDo not think that the pair is overbought and it will now, look at Japan economy and their policy. Japan will strong but not now. They are doing great work but their currency is weak against the all pairs.
💡 EUR/JPY Short setup. 🔻Hello traders.
Looking into this pair I can see that EUR longs are becoming exhausted. Currently we are in extremely overbought territory. On the daily we have the RSI coming out of overbought and on the 4H we have massive divergence. Also on the 4H we have broken support. However we have now come in contact with a daily support zone. I am expecting price to bounce around for a while as long positions take profit.
DeGRAM | EURJPY bearish opportunityEURJPY is currently breaking out of the ascending channel .
It broke and closed below the psychological level of 157.000. and the consolidation zone.
Price movement is gaining momentum, and we might see a sharp bearish move.
We expect a bearish move.
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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.
EURJPY Top-down analysisHello 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 Pullback Sell Opportunity- Price is in an overall uptrend, creating higher highs and higher lows
- Price made a bullish push and broke above the initial resistance/supply zone (blue rectangle), which now acts as a form of support/demand zone.
-Price previously closed as a hanging man candlestick pattern which also hints at a possible reversal.
- If the next candle ends in a bearish candle, I will anticipate price to sell off and test and find support near the 50.0-61.8 fib level.
EURJPY - Bearish Setup - Hight TF Supply AreaPrice has tapped into weekly supply area and a market structure shift on LTF confirming a retracement to 0.382 Fib level and 4H demand level.
Entry: 155.864
TP:153.196
SL: 156.516
RR: 1:4
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EURJPY: New events!Asian stock markets could fall in Monday's trade as investors await to see if the recent sell-off in long-dated bonds will last and could ease pressure on the dong. Dollar.
The MSCI index of Asia-Pacific shares (excluding Japan), was down 0.02% at 562, but still near the January high of 574.52.
Japan's Nikkei (N225) fell 0.4% after hitting a six-month high on Friday, as Japan recorded a record economic contraction in the second quarter.
E-Mini futures for the S&P 500 were up 0.25%, well below a record-high close of 3,386.15.
US second-quarter earnings season will end with major retailers reporting this week, including Walmart Inc (N: WMT), Home Depot Inc (N: HD) and Kohls Corp (N: KSS).
Politics will be in the spotlight as the Democratic National Convention kicks off the 2020 presidential election season.
DeGRAM | EURJPY test of the psychological levelEURJPY is moving in an ascending channel. The price is approaching a psychological level at 151.000.
The market dropped from this level before creating an imbalance.
Price action created a bearish harmonic pattern, which is an extra conformation.
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Have EurJpy topped?From the recent low under 140 and the important 143 resistance break, EurJpy has risen more than 1000 pips.
However, in the past months seems like the pair lost its power to the upside and could enter in a range trading phase with a top above 150 and a bottom slightly under 147.
The price action in the past 2 trading weeks is drawing a H&S pattern on our charts and in a case of a break under the 148.50-148.70 zone, this pattern is confirmed.
The target in such an instance is, as said, in 147 zone and negation comes with a daily close above 150.
DeGRAM | EURJPY trend continuation opportunity to shortEURJPY tested the upper border of the descending channel, then dropped.
The market bounced off the psychological level of 150.000.
Price action is printing lower lows and lower closes, indicating a bearish trend.
The trend is bearish , so the price is likely to test the support level .
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EJ BuysBeautiful Daily morning star pattern!
Simple retrace EJ has maintained its bullish trend
-ITUProfessor
EURJPY - What i think is this!Hi friends
EURJPY - what will i wait for EURJPY is on chart.
What I expect is a strengthening of the Euro against the Japanese Yen, and based on the current patterns in the 4-hour timeframe, I think it will be a good start to the week for the Euro.
EURJPY 2June2023the possibility of wave 5 cannot continue bullish to go higher than wave 3 and now the price looks like a reversal I marked with a bearish confirmation level line. you can go short at this time.
EURJPY Wait For Breakout! EUR-JPY is about to reteset
A strong horizontal resistance
Level at 151.141
So IF we see breakout rising Support
Then I believe the pair
Will go further down !
