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Eurjpyanalysis

SHORT EUR/JPY at market 162.11Just like EUR/USD we can see an M-Top candle pattern has formed just below key resistance of WR1 on EUR/JPY. The neckline at 162.11 has been broken so I'm in SHOT on this pair. The pair fell just short of reaching key WR1 Pivot which is a concern so my STOP on this trade is above this level just in case we see some late buying in an attempt to hit WR1. The double top at 162.36 area was last reached some tine ago, in November and a look at the H4 RSI shows us that we've just left an area of overbought so there are signs that this move south has the potential to be deep. Price has cleared the 25 EMA on H1 and is curerntly sitting on the 50 EMA. The key 100 and 200 EMA levels lie below the price so if this is to be a deep retrace then the BEARS have their work cut out. Initially my target for this trade is the 200 EMA which lies on top of WPP Pivot which it frequently does. We'd have to see how much BEARISH momentum is in the market to see whether this key level at 161.43 is likely to break. If it does then we could be headed to 159.00 but that wouldn't be for some considerabe time. We also have FOMC minutes at 19:00 GNT which will be a market mover.
Short
by forextraplaces
EURJPY M15 / POTENTIAL MARKET CORRECTION 💲Hello Traders! This is my idea related to EURJPY M15. I expect a sell-off on the EURJPY, and a market correction on the JPY basket, that's why my bias will be for short entries. In the first phase, I expect the old highs to be taken before going bearish, it confirms, I will look for short entries. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Short
by GoodTradeST
3
EURJPY I Strong possibility it will keep growing Welcome back! Let me know your thoughts in the comments! ** EURJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
EUR/JPY carving out an M Top pattern - SHORT from 160.76EUR/JPY is in the process of possibly carving out an M-Top candlestick pattern at a level of historical resistance. The neckline comes in at 160.74 which will be our entry. We are looking for a 1:1 trade so our STOp is above the last high and our take profit comes in at 160.24 though this is below the 2090 EMA on H1 and its likely that if the trade does trigger then the 200 EMA may halt and BEARISH progress. The trade will have to trigger within the next 15 H1 bars or the setup is nullified.
Short
by forextraplaces
EURJPY Grab Liquidity and then Shoot UpPure technical analysis. At market close on Friday 2 February, EURJPY reached the upper channel of the micro-Elliott Wave (ABCDE waves) which was the last part of the Elliott wave from the previous bullish movement (12345 waves). Wave 12345 also indicates a break of structure heading upwards. We predict that EURJPY will complete leg E of the micro-Elliott Wave and will react at the price level of 157.000 which is also coincides with the 0.786 Fibonacci zone, where there is equal low liquidity to take and also a flip zone in a smaller time frame. For entry, wait for the price to retrace at level 157.000 - 157.800. If there is a change of character in this zone, take a buy position and set take profit at the level of 163.000 - 163.610, or the previous resistance. Cancel the setup if the price immediately shoots up to the 161.500 zone or breaks the 155.100 level.
Long
by adittiaduilocca84
EurJpy to rise 500 pipsAfter reaching a recent low in the 153 zone at the beginning of the year, EurJpy began to ascend. By mid-January, it successfully surpassed the 158 resistance and surged upward, reaching a peak at 162. A normal correction ensued, confirming the establishment of a new support level at 158. Yesterday, the pair made a higher low, and the current price is breaking above short-term resistance. I anticipate a continuation of the upward trend, with EurJpy potentially reaching 165 in the medium term. The viability of this bullish scenario is contingent upon the pair avoiding a break below 158.
Long
by Mihai_Iacob
EURJPY Day Analysis | Sell SetupHello Traders, here is the full analysis. Tests resistance and the trend is down, Levels for SELL . GOOD LUCK! Great SELL opportunity EURJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
1
EURJPY I Long opportunity from support zoneWelcome back! Let me know your thoughts in the comments! ** EURJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
EUR/ JPY !! 25/1/2024 Trendline , touch EMA SELL NOW⭐️ Smart investment, Strong finance ⭐️ Personal comments NOVA: The price is in a very nice downward trendline, along with touching the EMA, setting up a SELL signal ⭐️ SET UP EUR/ JPY PRICE: 🔥SELL zone: 160.800 - 160.950 SL 161.300 TP1: 160.510 TP2: 160.210 TP3: 159.820 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Short
by Nova-Scalper
4