Eurjpylong
EURJPY | Use the Pull Back to get in.When it comes to EURJPY , a while ago, we've seen a strong impulse to the downside. And got rejected from a previous resistance area, which is now acting as support. Looks like we don't have any resistance till T1. I think T1 area is also a tad weak; so there is a good chance price might break T1 and move towards T2. So you should be cautious when price reaches T1. If price breaches T1 then you could keep the position till T2. If not, make sure to close the half of your position. If you are going long, please make sure to place stop below the previous support area. And only buy when you get a pull back.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
EUR/JPY--- ATTEMPTING Y133 LEVELThe euro has had a very strong week against the Japanese yen, closing near the ¥131 level. It now appears that the Japanese yen itself is in trouble so this could continue going forward, at least into this week. At this point, I would not be surprised at all to see this market make a serious attempt to get to the ¥133 level, especially if we end up having more of a “risk on week”, which I do think will probably be the case as traders put money back to work after the holidays.
EURJPY to riseFor more daily detailed analysis, don’t forget to click on the follow button. Also, please ask any questions you may have and I will be happy to answer them.
We looked recently at the EURJPY long. We are still long at this current buy zone.
This is an important lesson on why we do not go ‘all in’.. It just doesnt work like that in most markets.
Price Target is noted by our directional arrow.
EURJPY we like it Long..For more daily detailed analysis, don’t forget to click on the follow button. Also, please ask any questions you may have and I will be happy to answer them.
We have lots of different rules for our entry confirmations all described in my coming video course, but price is long on this fall..
Price is CHEAPER this way.
Eurjpy has fallen to a Lovely long zone. Todays news has caused this move and we are going to trade it!
Target is identified by the directional arrow.
EURJPY BUYLooking for price to file the imbalance. The market stopped out the buyers who went bullish at price level 128.009. Price reconciliated and started showing bullish pressure. Confluences we have so far is an engulfing bullish candle and a pull back to the previous highs. Stop loss below structure Take profit right above the imbalance, near Fib level .618 which could be entry for potential sell.
EurJpy can revisit 130 zoneSince 20 October, EurJpy fell hard, losing more than 500 pips.
However, since the beginning of December, the pair seems to have found support in 128 area (which acted as support in the past) and we can assist a corrective rally.
130 zone could be the target for such a correction and a new local low would negate this scenario
EURJPY- Bullish BiasAfter a very bearish price action from 20 October to 04 December, Price Take out Equal-low liquidity 20 August to 20 September. Recently, Price start accumulating to go UP And confirm the break of structure on 09 December And completed the retest on 11 December.
Now, It's ready to go UP.
Please, leave your comment below, What do you think?
EURJPY - REVERSAL MADE
Yeah! its made a clear breakout of downward trendline on 4HR TMF.
Made a clear retracement on specific key level and that trendline too.
Formed clear reversal candle on 4HR TMF and DAY TMF.(HAMMER)
Best range of zone to enter to take RISK FOR BEST REWARD.( 1 : 4 RR)
The next zone of key level which is the right target for this swing breakout trade.