EUR/JPY Wave Analysis
The counter is currently in a short-term bull cycle.
It is now in a consolidation phase which could be termed as wave 4.
We expect the pair to surge to the high to complete wave 5.
Eurjpysell
EUR/JPY SELL IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Note: This is meant to be a preparation for you. As always we will have to wait for a confirmation.
EUR/JPY: Daytrade-Preparation
Market-Sell: 126,050
Stop-Loss: 126,550
Point-Of-Risk-Reduction: 125,625
Take-Profit: 125,050
Stop-Loss: 50 pips
Risk: 0,5% - 1%
Risk-Reward: 2,19
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Peace and good trades
Irasor
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Any questions? PM me. :-)
EURJPY, daily tf, sell on strong resistanceHello my friends,
As you can see there is an inverted head and shoulders pattern in this pair.
Price broken above the neckline and continue to shoot up without retesting those neckline.
In my opinion, this impulsive movement will soon exhaust and get a correction because price just shoot above the neckline without retesting it.
After marking our horizontal level support and resistance, we could start trading between those zones.
Right now i think, price pretty much overbought and exhausted.
It is shown by previous daily candle which was rejected from 126.45-126.75 resistance area.
I think it is about time price retrace to retest those neckline at 125.00 area.
I am going to sell this pair in order to capitalize this retracement.
Sell EURJPY 126.45
Stop loss 126.85
Take profit 125.05 (3.5R)
RR ratio 1 : 3.5
Use only 1-2% risk
Good luck
EURJPY - ShortPrice possibly can sell off. Price has reached a weekly resistance, price ended up forming a Head & Shoulders at that resistance (126.750). Currently price is in an descending channel, price sold off from trend line resistance. Its possible price could be forming an bearish flag on the LTF.
Price could sell of to 121.750, if price breaks support it could head to the next support 120.500
-PMGAI
EURJPY 60 PIP SELLEURJPY showing great potential for a 60 PIP short. At the moment EURJPY is forming a flag pattern following from a strong bullish momentum. Price has reacted well within the pattern and i believe will find support for the third time before continuing its way up. Recently we have seen a rejection of the top trend line as well as an oversold condition on the RSI(10), with these factors combined it may allow price to have enough momentum to find support once more at the bottom trend line, hence why my TP is set at this point. Furthermore before forming new higher highs price may want to retest the neck line of the double top formed recently back in October. The intersection of both the bottom of this flag and this strong support zone is where i think price will test before continuing its way up allowing it to push for new higher highs. With a flag pattern like this before a strong bullish momentum we are most likely going to see it break to the upside. We currently dont have anything as of yet on the 200 EMA however if price breaks this i believe will further give it momentum to hit my target. TP is set at 60 PIPs and SL at 35 Pips
EUR/JPY TO 118.200EUR/JPY has formed a shooting star on the weekly timeframe. Follows a head and shoulders formation made over the last couple of months.
EURJPY: 2 possibile shorts for the next daysOrder 1
Sell Limit 123.48
SL 124.28
TP 120.75
Order 2
Sell Limit 124.62
SL 125.120
TP 123.24
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Trading Kitchen
EURJPY, daily tf, double top pattern to materializeHello my friends,
I hope you all enjoy your weekend and have a great trading week during this US Election week.
I am gonna share some setup for you all but before i start, let's review the previous week performance.
First position is GBPJPY sell at 136.45 which hit my SL for -70 pips. I lost 2% from this trade
Second poisition is GBPAUD sell at 1.8300 which i closed at 1.8060 for +240 pips. I managed to banked 6% profit or 3R
Third position is GBPCAD sell at 1.7170 which i closed at 1.7000 for +170 pips. I banked 5.6% profit or 2.8R
I still got some positions floating through the weekend and please check my posts if you missed it.
Let's start with EURJPY analysis.
As you can see, it looks like EURJPY made a double top pattern and price already broken below the neckline.
This upwards movement looks like a retest to me and it could be a good sell/short opportunity.
Counting the measured objecive of this double top pattern, it shold be around 121.00
So we could try selling it for 190 pips drop.
Thursday candle looks like a bearish pinbar indicating sell pressure, and Friday candle looks like an inside bar of previous candle.
With this 2 candle forming exactly at resistance, i expect price to drop because sellers are in control for now.
Sell EURJPY 122.80
Stop loss 123.30
Take profit 121.15 (3.3R)
RR ratio 1 : 3.3
Use only 1-2% risk
Good luck
EurJpy- A new leg down?The long-term trend for EurJpy is clearly down for a few years now (visible on the weekly chart) and after 2 failed attempts to reconquer 125 in October, the pair dropped to 121.50 zone.
The rise from this point is corrective and we have a clear resistance at 123 (the last broken support and congestion zone)
I expect bears to take control next week and we can see a new low for this period around 121
I'm looking to sell this pair
compression on EJas you can see we have a nice compression on our 4H TF, in combination with our rejection of the daily 38.2% fibonacci level. waiting to confirm this setup with some bearish pressure.
let me know what you think.
EUR/JPY SELL IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation!
EUR/JPY: Day-Swingtrade-Preparation
Market-Sell: 122,520
Stop-Loss: 123,255
Target 1: 121,740
Target 2: 121,165
Target 3: 120,215
Stop-Loss: 73,5 pips
Risk: 0,5%
Risk-Reward: 2,83
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
EUR/JPY DAYTRADE-EXECUTION!! SHORTEUR/JPY DAYTRADE-EXECUTION!! SHORT
Market: Sell-Limit : 123.410
Stop-loss : Close Break 123.990
Target 1: 122.600
Target 2: 121.960
EURJPY - 4hr Signal; It's ready to bite the dust... againYou know the deal -> arrows.
Obviously one is looking for fresh SHORT Entries here. (Unless you are deep in the money already off of our ongoing SHORT Signal then just stay with it!)
eurjpy down !!!Hello traders and anvestors , after the breaks of the support the market will go down
EUR/JPY TO 122.400I see a long term H&S formation (currently on the right shoulder phase), I see a shoulder top being formed at 124.425 (Fib retest). Before we make the leg down into 122.400.
EUR/JPY Technical Analysis
The counter has made a retest of the broken head and shoulder neckline.
It has made the retracement in the form of a bearish flag and has broken down from it.
Further, it has crossed critical support of 123.9 and hence we expect the pair to be bearish in the short-term.
EURJPY - Analysis Breakdown Welcome traders to a free analysis breakdown.
Today I am highlighting possible trade ares on EURJPY, if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this breakdown helpful .
If you liked this free educational please like and follow the channel, there is lots more valuable content right around the corner.
Feel free to comment a pair or subject you would like me to cover next.
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Alpha Trading Group.
EurJpy- I remain bearishOn Friday's commentary, I draw attention to a rising wedge visible on both H4 and H1 charts for EurJpy.
Now the trend line support of the pattern is broken and I expect a continuation to at least 123 zone.
The pair is trading at the time of writing in support and a small corrective rally is not out of the question.
This rally can provide bears a good opportunity to sell with a mentioned target and a SL above 125.50
EUR/JPY SELL 📉👋 Hello and welcome traders to another trade idea with Fobian
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👉 WE have sell conformation:
- Triangle formation and the candle close out of triangle.
- MACD give us SELL signal.
- Candle close below ASIAN session.
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Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
