Eurjpylong
W10-29 EURJPY SHORT TERM BULLISH IDEAPotential Bullish Entry
Dow Theory In Place - Higher High and Higher Low Expected in Place
The price action is travelling between a parallel channel. After the formation of the double top at the resistance level the price has fallen to the support area. It is expected the price action will take a pullback and move upwards.
Bullish Trend Is Still Intact. (careful for your levels)
SL & TP Levels are defined.
EURJPY - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on EURJPY.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs. I expect price to continue the retracement to fill the imbalance lower and then to reject from 4H bullish order block + institutional big figure 148.000
Fundamental analysis: Next week we have news on EUR, will be released Interest Rate which is expected to increase, followed by ECB Press Conference. Increased interest rate means strength in currency which could support our analysis.
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EURJPY to find support at previous swing high?EURJPY - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
This is positive for sentiment and the uptrend has the potential to return.
The hourly chart technicals suggest further downside before the uptrend returns.
The bias is still for higher levels and we look for any dips to be limited.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
We look to Buy at 148.65 (stop at 148.10)
Our profit targets will be 149.95 and 150.25
Resistance: 151.40 / 152.95 / 155.20
Support: 148.40 / 146.05 / 144.20
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
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.
TRADE UPDATE EUR/JPY - On track to the first target at 157.57 W Formation formed on the Currency Pair.
We had strong signs from the indicators including
7>21>200 - Bullish
RSI>50 (Higher Lows)
Target 157.57
As there is high volatility in the market (with whipsawed wicks), it's for this reason we would place the stop loss below the second Ronding Bottom.
SMC
Also below the 2nd RB is a Sell SIde Liquidity Order Block, which SM is buying into. Hence the price is heading up.
W Formation on EURJPY showing strong upside to 157.57W Formation formed on EURJPY.
Broke out and now is showing upside momentum.
7>21>200
RSI>50 (Higher Lows)
Target 157.57
SMC
Sell Side LIquidity Order block where SM is sweeping sells and buying into them.
Hence we placed a stop loss just below this order block...
NOTE:
This formation is a W Formation and NOT a Cup and Handle because the second rounding bottom is more than 50% of the first rounding Bottom.
If the height was less than 50% then it'll deem it as a Cup and Handle
Broke Resistance ie 143.50 and now looks GoodAs I told you guys in my previous Chart (Link attached)
That after placing low around 142.50 EURJPY mentioned resistance was 143.50 and after breaking it successfully now price is in our favor and running in 150+ Pips of Profit...
Eyeing towards its Ultimate Target of 146...
Congratulations to those who took profit out of this analysis...
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eurjpy buying pressure weekly marketHello traders eurjpy is making a string to get back up into a better price to buy at confluence your trade with seasonality for eur/jpy April good to buy and is one way of aiding your trading plan combining with accumulation and distribution when it is in line with price action it is a loaded gun . let price do its thing follow for more to get things like this lets get it gang .
EurJpy- All eyes on 143 zoneTwo days ago I've said that I expect a rise for EurUsd and also a rise for UsdJpy (Stronger than Usd Euro, but also stronger than Jpy Usd) and this will give us a double effect on EurJpy.
Indeed, this happened, and EurJpy rose 300 pips in these two days.
Technically speaking, at this moment, the pair is above 143 resistance, which is now support and is correcting from the very important 145 resistance.
In my opinion, after this correction, EurJpy will resume its rise towards 150, and dips from this possible drop should be considered good opportunities for bulls.
As said, the 150 zone remains my target for the medium term and a drop under 142 would negate this bullish scenario
EURJPY - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on EURJPY.
Technical analysis: As we can see here we are in a bearish market structure after the change of character, so I am looking for shorts. I expect price to continue the retracement to fulfill the imbalance higher and then to reject from bearish order block.
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EURJPY at crucial support.EURJPY - 24h expiry - We look to Buy at 139.55 (stop at 138.60)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
We are trading at oversold extremes.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
The hourly chart technicals suggests further downside before the uptrend returns.
Previous support located at 139.55.
Our profit targets will be 142.30 and 144.20
Resistance: 141.60 / 142.90 / 144.20
Support: 140.00 / 137.40 / 133.40
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EURJPY SELLWelcome . The euro against the yen. in a very negative state. With the price reaching an important area. It is manifested in the convergence of the descending horn. And re-test the package that the price broke. With very negative candles on the daily chart, there is a lot of pressure from the sellers to lower the market. To 142,500 levels in the first stage. Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
EURJPY BUYWe are Currently Focused on EURJPY on A buy Moves for about 250 pips plus so basically, let me break it down for Educationally understanding so We are Currently on a Support and Resistance formation so we currently have on our Support Zone a reversal pattern and you all know what it means when a reversal pattern occurs on a support zone or Area it shows that the sellers are getting weak in that case we would be expecting more buyers, so with that being said we have a H&S ( head and shoulder) pattern, so we are Currently expecting price to test the neckline @141.950 zone before we can start buying to or TP LvL @144.851 and we are only resting 63 pips on this trade SL @141.321 remember risk management is Golden key in trading. So tell me what you think drop a Comment guys thanks