EURJPY 300 PIPS SWING IDEAThe EUR/JPY pair recently hit the resistance level from 2008 and has been bouncing off that zone for several weeks, indicating that the bears are attempting to take control. On the H4 time frame, you can spot two double tops forming over some time. Last week, there was a significant impulse move to the downside, culminating in a bearish flag pattern. I'm anticipating two potential reversals within this bearish continuation pattern—either a double top or a head and shoulders—before executing my short positions. Until then, stay vigilant and keep your spirits high.
Eurjpyshort
ICT short setup EURJPY, session trade👋Hello Traders,
Our 🖥️ AI system detected that there is an H4 or higher timeframe ICT Short setup in EURJPY for Swing trade.
Please refer to the details Stop loss, FVG(Sell Zone),open for take profit.
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ICT Short setup up GBPJPY & EURJPY👋Hello Traders,
Our 🖥️ AI system detected that there is an H4 or higher timeframe ICT Short setup in GBPJPY for Swing trade.
Please refer to the details Stop loss, FVG(Sell Zone),open for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
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EURJPY ANALYSIS [W/B 10/06] Long term Swing Short EJ has been heavily, bearish within - not just - the last few hours, but days. Sells have most definitely taken over and have resulted in continuous breaks of structures downwards.
The last BOS on the far right - once it happens (Seeing as lows just keep being attacked, with liquidity continuously being left behind) - will confirm the overall sell into demand that was once created at the beginning of May.
N.B. It would be worth having a look at other JPY pairs too for this trend.
#EURJPY:1000+ Pips Swing Selling Chance! Comment down your viewsDear Traders,
JPY has been bullish since this week, and will likely to remain bullish as we approach NFP. If DXY turns out to be bearish it will likely boost JPY to continue the bullish momentum. In short time, we expect price to drop further and make smaller correction towards our entry zone. Once it does that, we can then enter with accurate risk management.
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EURJPY ANALYSIS (RECENT WEEKS + FUTURE)A lot of the JPY pairs have been recently moving similarly (not surprising due to their obvious relationship). I’ve been keeping an eye on UJ, GJ and my personal favourite EJ - for me to notice their recent similarities.
Anyway, price successfully reached the supply zone and instantly began to dump, successfully shown by the initial displacement. This signalled weakening in the price and that price was ready to go to demand. This idea was further strengthened by the initial sweep and immediate BOS on the 4H chart to the downside giving me a potential entry point (on the 4H which I’m not a big fan of) and a new POI to work from.
POI formed - and another nice BOS- with an order block. However this wasn’t clear enough for me to confidently trade from.
Price broke ONCE more - fully confirming the bearish bias and it gave me two points to decide to work from either off of the 15min or the 1h OB’s created.
I’ll be seeking to TP at 168.485 and then 167.665.
EURJPY to remain mixed and volatile?EURJPY - 24h expiry
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
We are trading at overbought extremes.
Indecisive price action has resulted in sideways congestion on the intraday chart.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
We look to Sell at 169.95 (stop at 170.55)
Our profit targets will be 168.45 and 168.15
Resistance: 171.20 / 175.50 / 178.55
Support: 167.35 / 164.30 / 161.90
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.
Large potential but Countertrend short EURJPYPrice is at a level last seen in July 2008. At that time as well, price had made several attempts to go higher and failed (thus printing multiple tops). Once again, we can see several tops. A decline of 55,400 points (about 33%) happened in 2008, I can only wonder what we will see on this occasion. I see a supply zone (yellow rectangle) and expect this pair to fall.
I will be taking a trade as soon as spreads normalize on Monday, but note that this is counter-trend. If you take this too, please manage your risk with a high degree of caution.
Being prepared for the unexpected is always good in trading, so please use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more.
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EURJPY SELL | Idea Trading AnalysisThe price has recently reached a strong resistance zone, noting previous sell-offs in that area. It appears that we may see more sideways movement
EURJPY is near the resistance, where price dropped before.
We expect a bearish move from the confluence zone.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURJPY
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short EURJPY for 100 pipsFind trade parameters below;
Entry 167.927-168.233
Textbook SL 168.261
Final TP 166.989
Drop a comment to let me know if you have picked up a thing or two form my analysis
Warning:
1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk.
You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
Learn how to trade. See my signature below or visit my profile for more details
EURJPY to turnaround?EURJPY - 24h expiry
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
The hourly chart technicals suggests further upside before the downtrend returns.
Preferred trade is to sell into rallies.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be 165.50 and 165.20
We look to Sell at 167.40 (stop at 168.10)
Resistance: 168.95 / 171.20 / 175.50
Support: 164.30 / 161.90 / 160.00
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.
Sell Signal Approaching or Is a New Highs On The Way?Last week, there were fireworks across all JPY pairs, with each hitting multi-decade highs. Notably, EURJPY reached an all-time high, peaking at 171.5 before experiencing a sharp drop due to two rounds of intervention by the Bank of Japan (BOJ).
So, what’s next for this pair? This week, it’s been slowly creeping back toward the zone where the second round of intervention occurred last week, between 167 and 168.(see image below)
On the 4-hour chart, a similar sell pattern seems to be emerging. After the first intervention, the price slowly crept back up to the intervention zone before dropping again (second round of intervention).
You can see on this 4-hour chart how the price is inching back toward the 167 level. It dropped 300 pips from there on Friday. Above that, the price dropped heavily from 168.5, so will this pattern repeat, or will we see a return to 170 or above?
In the short term, I see a potential sell setup between 167.5 and 168.5. I'll be using my TRFX indicator on the 1-hour chart to find the right signals for a sell as we approach this zone.
I'll keep a tight stop-loss above 169.7, with a primary target at last week's low of 164, a good short-term goal.
In the longer term, we might see a retest of 171.5 before another significant sell-off. However, the JPY remains quite weak, making it tough to predict the long-term outlook. It's best to see if the price steadies at these levels over the coming weeks or if volatility spikes again, causing another crash.
For now, I'm favoring a short-term sell setup if the right signals appear.
EURJPY: Asian foreign exchange decline, dollar stable; The Yen cJapanese Yen weakened after intervention, USDJPY increased
Markets are now looking for more information on Japan's inflation and wage growth to gauge whether the Bank of Japan will raise interest rates further this year, which is expected to bring some relief for the Japanese currency.
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I'll show you the EURJPY where the buying force is holding down Hi friends, I brought the FOREX interesting charts
The buying force is making adjustments by beating the sell-off and rising.
If the Fibonacci 0.618 section is set as the primary target and breaks upward, the AB=CD pattern can reach the 1 value D
EURJPY - Bearish Crab Pattern Indicates Potential ReversalEURJPY is currently showing signs of a Bearish Crab Harmonic Pattern (XABCD) on the 4-hour chart, indicating a potential reversal in trend. Additionally, the price is approaching a significant trendline, further supporting the bearish bias.
Bearish Crab Harmonic Pattern (XABCD):
The formation of a Bearish Crab Harmonic Pattern suggests that the price is likely to reverse downwards from Point D. This pattern typically indicates a high probability of a trend reversal.
4-Hour Trendline:
The price is currently at a 4-hour trendline, adding confluence to the potential bearish scenario. A breach below this trendline could signal further downside momentum.
Entry, Stop Loss, and Take Profit Levels:
Entry: 165.900
Stop Loss: 167.060
Take Profit Levels:
TP-1: 164.720
TP-2: 163.600
TP-3: 162.450
Risk Management:
It's essential to adhere to proper risk management practices when executing this trade. Position sizing should be adjusted to ensure that potential losses are within acceptable limits relative to account size and risk tolerance.
Conclusion:
In conclusion, the technical analysis suggests a bearish outlook for EURJPY, with the formation of a Bearish Crab Harmonic Pattern and the price approaching a 4-hour trendline. Traders may consider selling at 165.900 with a stop loss at 167.060 and targeting take profit levels at 164.720, 163.600, and 162.450.