Eurjpybuy
EUR/JPY Signal (H4 Timeframe) Looking BullishHi Traders
EUR/JPY Signal (H4 Timeframe)
A medium to high probability, entry to go LONG is forming @ 128.443 after the market found support @ 127.300. Only the downward break of 127.300 would cancel this bullish scenario.
Trade details:
Entry: 128.443
Stop loss: 127.300
Take profit 1: 129.117
Take profit 2: 130.260
Take profit 3: 132.123
Score: 9
Strategy: Bullish Breakout
EUR/JPY Retraced to SupportAs stated in my last analysis this has now retraced back to support after it broke through a major downward trendline. If this can reject this support and stay above the trendline we can long this. It has just made a sharp downward move so this could sharply rise again but the safest way to trade is to wait for the market to calm before entering a trade. MACD is well above 0 so its still bullish and we need to see EMA's stay long. If this stabilises at support then a target of 129.234 can be set.
EUR/JPY BreakoutAs previously reported on this pair this has now started to break above the resistance and trendline. This a major trendline so this is a significant move that could possibly end up a false breakout but a trade can still be entered with the right conditions. I want to see this retrace and test the support and/or trendline before rebounding upwards again before entering a long. I am setting the initial target for take profit at 129.234 with SL below the support.
EurJpy- I expect a violent break to the upsideThe long term trend for eurjpy is clearly up and the pair is consolidating gains for over 2 months now.
If we ignore the false break of 126, the range is pretty tight, between 126 and 127.
Now the pair seems to press on resistance and I expect a strong break and acceleration
My target for long position is 130 and only a daily close under 125.50 would change my mind
EURJPY 4HR LONG SETUPEURJPY 4HR:
EURJPY After forming higher high in ascending triangle pattern.Price Likely to break previous resistance..But Monthly Resistance is near to that
Price will bounce to its Support level..After Confirmation (Candlesticks, trendbreak...etc..) You Can GO LONG
EUR/JPY Tapering To a PointI have previously mentioned that this is near a major downward trendline. There is also a lower trendline which has the price on this tapering to a point. Price is looking more likely to breakout higher from here providing it breaks the resistance. If it does then we can look for a long after a retrace, keep in mind there could be a false breakout although with this being so close to the point I think this is unlikely. Either way confirmation of a rejection from the support level needs to be waited for.
EUR/JPY Now Rising Off SupportThis is now rising from the support I marked out on this pairing 3 days ago. Unfortunately for those that may have entered the long when I posted it may have just touched the SL, hopefully it just avoided as it is now rising again. MACD is set to go bullish above 0 and EMA's are about to cross over. I have set TP at the previous high of 127.344. SL just below the recent lows on support. Keep in mind there is a very major downward trendline just above.
TP - 127.344 or at trendline
SL - 126.050
EUR/JPY to Rise to Trend LineI have been monitoring this for a few days and it has just retraced to the support level marked by the blue line. This could be a good time to long from here. There is a major trendline just above the current price so TP can be set at this line or at the previous high, it depends how long it takes to reach this point. Environment is still bullish as seen on MACD is not below 0.
EURJPY BUYTake a buy on eurjpy as it consolidated few hours and showing rejection candles , it is expected to go long . Its a high quality trade and will give atleast 50 pips .
If you want to learn this strategy just drop a comment 🙏
( Falcon Strategy )
EURJPY W2 Jan 2021EURJPY
Long Setup
After a long correction, a 4th wave can be seen. expecting a impulse wave up on the lower timeframe to compete the 5th wave
EJ Long opportunity Waiting for a break out of the range before taking this trade. Been sideways trending since December 2020 so hopefully looking for it to break through the current 23 line on the fib.
EURJPY, 4hr tf, EMA-200 support to fuel buying pressureHello everyone,
As you can see EURJPY has been moving in a sideways direction for the whole December.
It is moving in a tight 80 pips range and i think we might soon get a real buying pressure.
If you look at the daily chart, EURJPY previously broken above an inverted head and shoulders pattern.
The measured objective of this pattern count should be around 128.20 area.
EURJPY has managed to closed above 126.60 resistance twice on 4hr tf.
The next time it closed above it i think we will see some strong buying pressure.
For now, we will try to trade inside this range because it still offer a good trading opportunity.
We could also consider this sideways movement as a flag pattern and i think it will be a bullish flag.
Buy limit EURJPY 125.85
Stop loss 125.60
Take profit 126.60 (3R)
RR Ratio 1 : 3
Use only 1-2% risk
Good luck
EURJPY MASSIVE SWING ( DONT MISS THIS ONE)Through back, we had a price that was trapped inside a bearish channel and then price changed direction immediately after tested the overall support, Currently price has break the channel and has provided impulse move to the upside let's wait for a RETEST before Longing EURJPY
EurJpy needs to make a decision For almost a month now, EurJpy is trading in a tight consolidation just under 127 important resistance. Since May the trend for the pair is clearly up and now we also have a rectangle continuation pattern. I expect a break above 127 sooner rather than later and the pair should accelerate gains to 130 next important resistance.
I'm bullish as long as the price stays above 125.50
EURJPY - SWING - 21. DECE. 2020Welcome to our weekly trade setup ( EURJPY )!
-
1 HOUR
Sideways moving market structure!
4 HOUR
Expecting another push to the upside..
DAILY
Overall bullish market in consolidation now.
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FOREX SWING
BUY EURJPY
ENTRY LEVEL @ 126.210
SL @ 125.770
TP @ 126.860
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EURJPY - SWING - 14. DECE. 2020Welcome to our weekly trade setup ( EURJPY )!
-
1 HOUR
Bullish closure above main sr level.
4 HOUR
Prices moving sideways, expecting another push towards the upside!
DAILY
Overall bullish market structure in consolidation..
-
FOREX SWING
BUY EURJPY
ENTRY LEVEL @ 126.100
SL @ 125.840
TP @ 126.630
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
