EurJpy outlookAfter breaking down the rising wedge, EurJpy dropped and found support as expected above 123 zone (horizontal support and beginning of the wedge).
I expect a bull move from this point and 124.50 could be the target
Eurjpybuy
EJ Analysis 29/09/2020 -- UpdateWe noticed that on the 1m timeframe price broke resistance that was being held even on such a small timeframe, as it was a new timeframe to trade off of, we used half risk when we executed the buys, with our stops below the 30m breakout candle, we secured 12 pips as price tapped into resistance before stopping us out at BE.
EURJPY SHORT TERM BULLISH I measured my D extension wrong on this one last week.
Price hit D extension this week and looks to have found support. Waiting on bullish evidence to enter short term buy for potential longer term setup.
EJ Analysis 28/09/2020 -- UpdateThis analysis played out perfectly, Price broke resistance and created a support on the 15m timeframe, when the 15m candle broke the high of the previous candle after creating support, we executed buys with our stops below the current 15m candle and out 3 take profit points highlighted on the chart from before, all three TPs were smashed and price ended up rejecting off our final target, making this a perfect trade.
EUR/JPY 02.09.2020Open Position: Buy 125.661 (valid until 02.09.20)
Take Profit: 127.496
Stop Loss: 124.955
EURJPY - retracement is happeningWe still looking for the retracement to touch the trend line then bounce off strongly and upwards.
This trade may happen today, so keep a lookout for it.
EURJPY Long Setup-price broke tl
-price created new ascending tl
-price broke resistance and came to retest @ 0.5 fibonaci level
-bullish pin bar was printed on support level and third touch of ascending tl
EURJPY - expecting a retracement to happen before more upside!morning everyone!
For this pair eurjpy, it has broken the trend line.
Im expecting a deeper retracement before we have more upside.
Thank you
Cheers and stay safe!
EUR/JPY - Break & RetestPrice has broken key level 124.00 resistance. We are waiting for price to retest this area for buy entries.
Uptrend continuation expected, buy the dipsEURJPY market structure remains Bullish and price is above the 100H EMA. So, a continuation of the uptrend is expected.
I would be looking to buy the dips near 124.30-124.65 with SL below 124 and TP at 126.
Watch the area that I have highlighted in my chart. Buying here carries the lowest risk because your TP would be big and the SL would be small.
Watch for bullish price action near this highlighted area and buy with the above targets.
EURJPY BUY UPDATEEURJPY Analysis: price is currently buying from support zone price 123.071 we are expecting price to reach new resistance zone price 125.706 long term daily time frame 📈
Buy EUR/JPY:
Stop Loss: 123.30
Entry Point: 124.09
Target Profit: 125.48
Good Luck!
Do not hesitate any question for clarification.
EURJPY POTENTIAL BUYLooking at a potential buy on this.
Price rejected at 4HR resistance level.
Price is currently sitting at the 50% fib level. We could see a deeper retracement to the 61.8 level before seeing a move up.
Nonetheless, in theory, price should travel to the 1.618 level.
EUR/JPY - Break & RetestPrice has broken out of resistance. We are expecting price to retest its broken structure before making it's move upwards.
EUR/JPY Technical Analysis
The pair did a long accumulation in the form of an inverted head and shoulder pattern.
It finally broke out and has been consolidating in an ascending triangle (continuation) pattern since then.
Hence, we expect the pair to have a strong bull run when it breaks the resistance level of 122.5.
Buy EUR/JPY: Stop Loss: 121.10
Entry Point: 121.86
Target Profit: 123.70
Good Luck!
Do not hesitate any question for clarification.
EUR/JPY BUY OPPORTUNITY (3O MINS):If we see EJ close above previous session high (highlighted zone), we can enter market execution buy orders.
EUR/JPY, next boost expected.EUR/JPY is showing us, it wants to continue in its bullish momentum. After breaking out a falling wedge, I am pretty sure, that uptrend is here to remain.
