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Eurjpylong

EURJPY looks poised for another 200 pips in MayWith this month ending in a few days, I'm preparing for May. The yen looks the most definitive heading into may, and it looks bearish overall, with that in mind, combined with EUR strength, EURJPY should rise. When we look at structure you can see that we have what I will call "never ending exhaustion" EURJPY, looks like its getting tired, but it just keeps going up in a ugly fashion. I hate this type of behavior to be honest lol. I think the next logical price we see actual sell momentum step in is at the green prices, or just above them. Until then I'll be watching the H1 and H4 for buy opportunities. The way we tested the prior point of control tells me the banks added more buying positions, and will continue for the next week or two. You don't need to predict the next 4 moves in the market to make money. You just need high probability. EURJPY looks highly probable for 150-200 pips, now just drop down on the smaller charts and pick it apart until those pips get eaten. Logic: Institutions need to close positions at the red line. Green lines are where possible retail buy limits are sitting. Good luck, -Gio
by elevatedinvestor
Extreme trader sentiment points to possible EURJPY uptrendThe Trend Follower Strategy has just bought EURJPY at 130.681. The system recommends entering this trade at any price between 130.531 and 130.831. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.519. This suggests that the EURJPY could be trending upwards.The 14-period Average True Range on a daily chart is 0.6, so the stop loss has been set at 130.081. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Trend Follower is a trend trading strategy that aims to buy and hold rising currency pairs and to sell short and hold falling currency pairs. The strategy looks to buy when the Speculative Sentiment Index is below -1.5, and looks to short when it is above +1.5. Signal ID: 75873 Time Issued: Tuesday, 27 April 2021 00:00:15 GMT Status: open Entry: 130.531 - 130.831 Limit: N/A Stop Loss: 130.081 Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Past Performance is not an indicator of future results.
Long
by FXCM
2
EURJPY: Break and retest entryGood morning all, as we can see EURJPY is currently retesting the same key level which shows there is a large number of bulls trying to enter the market.... However, let's not have itchy fingers and place a buy order on the break... I say we wait for a retest and failure for bears to push the market back below the current key level will give me a solid sign that price will move in our favored direction. I will enter twice should both opportunities arise.
Long
by Ridgy4X
EURJPY - Bullish BiasEUR - BULLISH 1️⃣ The European Central Bank left monetary policy unchanged and maintained its pledge to increase support if needed. 2️⃣ Market participants see the next reassessment of the PEPP flows being in June, and the decision on what to do with the PEPP after March 2022 likely to be taken in September. 3️⃣ Optimism about an economic recovery continued to be supported by signs of an acceleration in the vaccination pace in Europe. JPY - BEARISH 1️⃣ Rising US Treasury yields could undermine the safe-haven JPY. ===== Technical ===== - We are buying the EURJPY at RBS on the M15 chart. This is short term trading strategy from Monsun Asia. - Risk reward ratio is 2:1. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia
EURJPY 130.539 + 0.29 % LONG IDEA * PRICE ACTION & STRUCTURE HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE DOLLAR / TURKISH LIRA . * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
EUR/JPY BUY IDEAHey tradomaniacs, welcome to another free trading-setup. Notice: This is meant to be a preparation for you. As always we will have to waot for a confirmation! EUR/JPY: Day-Swingtrade-Preparation Market-Buy: 130.615 Stop-Loss: 130.240 Point of Risk-Reduction: 130.940 Take-Profit: 131.800 Stop-Loss: 35 pips Risk: 0,5% -1% Risk-Reward: 3,50 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Long
by Trading2ez
7
** EURJPY ** that makes it 2 out of 2 for EJ Morning all, happy tuesday. The entry price, stop loss (in pipettes) and take profit are shown on the chart itself. Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress. My name is Al, I'm 40 and from the UK. I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can. Any questions, feel free to drop me a direct message if I can help. These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too. This is all for information and education. Have a great day, Al. 🙂 PS. Check my other 'Related Ideas' too.
Long
by AL-1-
Breakout Identified in EURJPYThe Breakout Opportunities system has just bought EURJPY at 130.345. The system recommends entering this trade at any price between 130.183 and 130.488. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.29, suggesting that the EURJPY may have further to rise. A stop loss has been set at the 24-hour low of 129.697 and a profit target has been set at the 1 Day ATR level at 130.917. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance. Signal ID: 75790 Time Issued: Tuesday, 20 April 2021 01:32:16 GMT Status: open Entry: 130.183 - 130.488 Limit: 130.917 Stop Loss: 129.715 Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Past Performance is not an indicator of future results.
Long
by FXCM
15
** EURJPY ** will it be 2 out of 2 for EJMorning all The entry price, stop loss (in pipettes) and take profit are shown on the chart itself. Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress. My name is Al, I'm 40 and from the UK. I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can. Any questions, feel free to drop me a direct message if I can help. These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too. This is all for information and education. Have a great day, Al. 🙂 PS. Check my other 'Related Ideas' too. Strategy Report Strategy Report OverviewPerformance SummaryList of TradesExport 0 C$ Max Drawdown No data
Long
by AL-1-