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Eurjpysell

Short EURJPY Longterm Based on 30M + 4H ChartsWe saw a bullish EMA crossover (Golden Cross) occur on the 26th of April 2017 on the 4H chart and price has respected this crossover and has been riding above it, making higher highs. However, in recent weeks we've seen progression slow down and we have made our first Lower High as the uptrend begins to curve round to the downside. Price has also fallen below the EMA50 and is heading towards our first price target of 123.158 which would make it's first Lower Low. On the 30M chart we can see the EMA50 has now crossed below the EMA200 (Death Cross) and with strong divergence to the downside, this would support our decision to short the EURJPY pair. Place your stop at 124.695 and price targets of 123.158 but we're not setting a TP, we will let this run and adjust our stop accordingly to secure profits. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Short
by AEFX786
6
EURJPY approaching major resistance, prepare to sellSell below 125.80. Stop loss at 126.13. Take profit at 124.60. Reason for the trading strategy (technically): Price is approaching major resistance at 125.80 (Fibonacci extension, horizontal swing high resistance) and we expect a strong reaction off this level for a drop to at least 124.60 support (Fibonacci retracement, horizontal overlap support). Stochastic (55,5,3) is seeing major resistance below the 96% level where we expect a drop from. Correlation analysis: We’re expecting overall JPY strength today with drops expected on USDJPY and EURJPY.
Short
by MEX_Exchange
EURJPY approaching strong resistance, prepare to sellSell below 124.62. Stop loss at 125.21. Take profit at 123.19. Reason for the trading strategy (technically): Price is approaching strong resistance at 124.62 (Fibonacci retracement, horizontal overlap resistance, Fibonacci extension) and we expect a drop from this level to at least 123.19 support (Fibonacci extension, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below the 94% level where we expect a strong drop from. Correlation analysis: AUDJPY and USDJPY are expecting bounces. So we have to exercise caution on this trade.
Short
by MEX_Exchange
EURJPY SHORTAs you can see, price has failed to push through that 125.767 region (Marked on Chart), It attempted to penetrate through it but failed twice, so it is possible that we have a double top on the cards. Right now, it seems as if price is approaching a key support zone (123.334-123.532), but it seems overall that buyers seem to be running out of steam, so to me it is unlikely that this support level will hold, so if we see price doesn't respect this support zone AND also manages to break through the neckline (122.545) from the double top, then an strong downward move is imminent towards 118.175 which is the next strong support level. It will be interesting to see how the pair will treat the key zones/ neckline but for now I am keeping my eyes out for a bearish move and if I see a break of that key support zone then I will start looking for sell signals, Good luck all!
Short
by Tinotenda96
EURJPY dropping nicely, remain bearishSell below 124.41. Stop loss at 125.10. Take profit at 122.62. Reason for the trading strategy (technically): Price reached our selling area and is dropping nicely towards our profit target. The plan today is to remain bearish below major resistance at 124.41 (Fibonacci extension, Elliott wave theory, horizontal swing high resistance, bearish divergence) and we expect a drop from this level towards 122.62 support (Fibonacci retracement, horizontal overlap support). Stochastic (89,5,3) is seeing major resistance below the 94% level and also sees bearish divergence vs price signalling that a drop is impending. Correlation analysis: We’re expecting overall JPY strength today with AUDJPY and EURJPY both expecting drops.
Short
by theforexarmy
EURJPY Uptrend Start, or retracement for downtrend continuationNot a setup, but a downtrend continuation prediction is what I have in mind. Price could follow the uptrendline, to continue up as Fibonacci tool predicts where it will lead to, while 117.7 hit 61.8% & may be enough to continue downtrend with Traders Dynamic Index indication of reversal from an uptrend start. Or price to move up according to its minor fibonacci lines 61.8% to 119.6, being, still at a red zone of the major fibonacci, allowing a turning point in the future to continue down if other conditions necessary continue to be met at that time.
Short
by YardleyRosette
2618 on EURJPY!!Hi guys, Yen pairs lately have been very bearish, keep creating lower lows and lower highs. In cases like this we only want to get involved in a bearish trade, like this one. Price is up to retest a previous level of 4H structure and it's finding difficulties breaking through. You can see it tried to break twice and failed, thus creating a double top: the most interesting part though is the break of structure to the downside that somehow confirms our bearish bias. So you can use, according to the 2618 strategy, the 618 retracement of the impulse that broke the neckline. Stops above the highs, targets as illustrated above. If you have any question, or you want to share your view, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
2618 on EURJPYHi guys, Yen pairs lately have been very bearish, keep creating lower lows and lower highs. In cases like this we only want to get involved in a bearish trade, like this one. Price is up to retest a previous level of 4H structure and it's finding difficulties breaking through. You can see it tried to break twice and failed, thus creating a double top: the most interesting part though is the break of structure to the downside that somehow confirms our bearish bias. So you can use, according to the 2618 strategy, the 618 retracement of the impulse that broke the neckline. Stops above the highs, targets as illustrated above. If you have any question, or you want to share your view, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
EURJPY profit target reached perfectly, time to sellSell below 120.23. Stop loss at 120.70. Take profit at 119.44. Reason for the trading strategy (technically): Price shot up and reached our profit target perfectly from yesterday. We prepare to sell below major resistance at 120.23 (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a drop to at least 119.44 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance below the 95% level where we expect a reaction from.
Short
by theforexarmy
4
Gartley pattern at market at Daily StructureHey guys, as you can see above in this pair price has recently created new lows, breaking structure to the downside. This tells us that price wants to go lower, therefore we can look for shorting opportunities at structure level, such as the broken support that should act as resistance once it was violated. In this zone it happens to be the D point of a Gartley formation that provides a nice short entry. Stops above the X, targets as usual for patterns. If you have any question, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
2
Gartley pattern at market at Daily StructureHey guys, as you can see above in this pair price has recently created new lows, breaking structure to the downside. This tells us that price wants to go lower, therefore we can look for shorting opportunities at structure level, such as the broken support that should act as resistance once it was violated. In this zone it happens to be the D point of a Gartley formation that provides a nice short entry. Stops above the X, targets as usual for patterns. If you have any question, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
EURJPY bounced perfectly, remain bullishBuy above 119.05. Stop loss at 118.19. Take profit at 120.23. Reason for the trading strategy (technically): Price bounced absolutely perfectly above our buying level. We now remain bullish with price making a further bullish exit of its descending resistance-turned-support line. The goal is to buy above 119.05 support (Fibonacci retracement, pullback support) for a further push up to 120.23 resistance (Fibonacci retracement, horizontal overlap resistance). Stochastic (55,5,3) has made a bullish exit signalling a further rise is expected.
Long
by theforexarmy