Eurjpyanalysis
EURJPY BUY 400+ PIPS?!EURJPY has entered a daily orderblock and POI and we are showing signs of rejection.
On my chart I have shown two trades, one with a shorter stop loss which allows us to get a better r:r.
On the smaller sl trade i will be risking 1%
On the larger sl trade i will be risking 2%
Max exposure - 3%
Potential take profit areas are shown through purple lines.
DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose. Trading live carries risk and you may make money or lose some or all of your capital. I am not liable for any gains or losses made
EURJPY Falling Wedge pattern? On the EUR JPY currency pair, I detected the emergence of a bullish falling wedge pattern.
This pattern gives the possibility that EURJPY will move in a bullish period.
I predict the price will move up and have 2 upside targets.
My first target is predicting the price will move up to the Fibbonaci cluster boundary.
Second, I predict the price will rise to touch
the top resistance level of the falling wedge pattern
Note : The market will always change, I'm just sharing my view on the possibility the market will go away. If you have a different perspective from your analysis view, let me know in the comments.
EURJPY ends Short. Standby for LongIn the daily chart the EURJPY is in the middle of a pullback with a Fib Retracement we can see that is using the level of 50% and 61.8% like support. So looking the momentum indicator in the 4H TF I think, and it's only an idea that the Retracement is ending and I will wait for candlestick signals to go long.
Any comments and suggestions are allowed!
Best regards Axu
EURJPY weekly MovementHellooo My Dragon friends
i see EURJPY have downtrend trend line.
we make sell at the upper line, with SL 133.60 and TP at 130.25
and weekly sign give us two candle shooting star.
Lets See
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Weekly sign, last two candle is shooting star
EurJpy= Best place to buy for 1:5 R:RAfter the June high of around 1.34, EurJpy corrected and found strong support in 1.28 zone.
October is a recovery month for this pair with the price rising back above 1.3 important figure
Now the pair is in a minor correction of the recent leg up and I expect continuation to the upside
1.31 can be a good place to buy and long term traders can target 1.5 zone
Recent 1.34 high can also be a good place for TP for shorter-term traders
This scenario is negated if the price is closing under 1.2750
EURJPY: Bearish PennantEJ is currently at the top of a bearish pennant (Monthly/Weekly T.f) the pattern is also visible on the RSI on the Mly T.f
The next target is 126.800 .
the target after that is 117.740 .
We're currently at a fib level. If price is ever to pick up, it'll do so at this level. But i would wait for a break to the upside, then a restest and continuation before buying ( break and retest of pennant or at least 133.100 level.) the next target if that happens will be 137.400.
EUR/JPY Multi-Timeframe analysis - update !!!Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.