Potential double top in EUR/JPY, sell if the resistance holdsHello traders, I am observing the 4H chart in EUR/JPY and I have noticed a potential
sell opportunity. This could be a potential double top on the 4H chart.
So, if the resistance zone holds, traders can consider selling EURJPY@164.88-165
with TP at 163.65 Note that, the sell condition will be valid only if the resistance
zone highlighted in the chart remains unbroken.
Eurjpysignal
EURJPY SELL | Day Trading AnalysisHello 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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EURJPY - Long active ✅Hello traders!
‼️ This is my perspective on EURJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I expect bullish price action from here as there is a confluence of rejection from bullish order block + FIBO 0.618 level + institutional big figure 164.000.
Fundamental news: Tomorrow we will see result of Interest Rate in Europe, followed by ECB Press Conference, news with high impact on currency.
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EURJPY Long (215-275 Pips)Thursday, 04.04.2024
We took the previous weekly low and touched my 8 EMA.
On the daily timeframe, we witnessed a strong rejection with momentum from my daily VWAP low.
Now, I wait for a pullback before buying. Currently, we are at a 4-hour resistance level, so I'll wait patiently, but my bias is long. There's a chance for a push down to hit my 0.382 Fibonacci level.
Passive entry module
EURJPY 73 PIPS TRADE BREAKDOWN (3rd April 2024)
EURJPY Trade Breakdown
Price broke through the 1 hour bearish orderblock during London. This resulted in a creation of a 1 hour Market structure shift to the upside.
So once price retested, the 15 minute orderblock and broke its own higher high on the 15 minutes timeframe, I entered a long and place stop loss at the 1 hour orderblock low targeting a 164.200 For a 1 : 3.66 Risk to Reward Ratio.
During New York Session, Price action finally provided the volume to push All the way up into the 1 hour Orderblock, Smashing Full TP.
EURJPY: the euro weakensIn Europe, EUR/USD fell 0.3% to 1.0789, near a five-week low, after data released earlier on Thursday showed German Retail Sales unexpectedly fell 1.9 % over February, illustrating the difficulties Europe's largest economy is suffering in the first quarter.
European Central Bank officials have become very dovish of late, with board member Piero Cipollone the latest to hint at an interest rate cut as soon as June.
“Wage growth appears to be on a gradual adjustment path over the medium term towards a level consistent with our inflation and productivity growth targets, in line with our inflation and productivity growth targets,” Cipollone told an event in Brussels on Wednesday. consistent with predictions".
DeGRAM | EURJPY trend continuation opportunity to shortEURJPY tested the upper border of the descending channel, then dropped.
The market bounced off the level of 163.500. The support level became resistance.
Price action is printing lower lows and lower closes, indicating a bearish trend.
We expect completion of the AB=CD pattern, so the price is likely to test the support level.
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EURJPY - Potential long ✅Hello traders!
‼️ This is my perspective on EURJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. I wait price to continue the retracement to fill the imbalance lower and then to reject from bullish order block.
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EURJPY SELL SIGNAL Reversal tradeI have followed CHFJPY pair since jan 2nd you can check for the analysis at the time, never got an entry did not enter. Missed the entry for chfjpy yesterday so i just entered on eurjpy pair
Eurjpy has been in a very exhausted uptrend and currently every signal shows that its going down now.
Let me know what you think about this trade signal and leave a follow and boost if you love this sort of content
EURJPY,🟢Bullish scenarios🟢
As you can see, the price created equal highs defined as our final target.
There are two possible scenarios.
Personally, I prefer to see the price move lower once again, and after collecting the sell side liquidity get support from the mean threshold of the order block and the midway of the bullish daily FVG, then we can look for the LTF for entry. It's a high-probability scenario.
The second scenario is a low probability, which is the price moves higher from here and leaves the sell side liquidity untouched.
💡Wait for the update!
🗓️25/03/2024
🔎 DYOR
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EURJPY BUYING ON DIPS FROM SUPPORTHELLO TRADERS
As I can see EURJPY is testing a strong support zone on Friday. we expected on Monday markets opening it will start to move upside till design given levels Friends it just a trade idea Kindly share Ur thoughts with us on EURJPY.
Stay Tuned for more Updates!!
EURJPY: Asian foreign exchange falls ahead of Fed meeting; USD/JThe yen weakened sharply after the BOJ`s first hobby charge hike in 17 years, with USD/JPY hovering toward 150.
BOJ improved hobby fees with the aid of using 0.1%, bringing hobby fees to the impartial area after almost a decade of keeping bad hobby fees. The financial institution additionally signaled an cease to its yield curve manage and asset buy policies.
But the principal financial institution additionally stated that uncertainty approximately Japan's financial system could preserve financial situations in large part accommodative for the time being. Tuesday's charge hike, at the same time as historic, marks most effective a small step at the course farfar from the country's extraordinarily dovish stance.
This belief has dented the yen, as the principle strain at the Japanese currency - excessive US hobby fees - stays unchanged.
EUR / JPY !! SELL NOW resistance zone ⭐️ Smart investment, Strong finance
⭐️ EUR/ JPY INFORMATION:
The price touched the long-term resistance zone H4, overbought. There is no important economic news on EURJPY, setting up a SELL signal
⭐️ SET UP EUR/ JPY PRICE:
🔥SELL zone: 163.450 - 163.600 SL 164.000
TP1: 163.100
TP2: 162.800
TP3: 162.500
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
EURJPY H1 / EXPECTING A SHORT MOVE AFTER FVG RETRACEMENT ✅Hello Traders!
This is my forecast for EURJPY H1. I see a perfect structure for a short trade as the price closed fully one FVG and I expect it to close part of the second FVG after going bearish.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
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EURJPY - Short active ✅Hello traders!
‼️ This is my perspective on EURJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action from here as price filled the imbalance and rejected from 1H bearish order block + institutional big figure 162.000.
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EURJPYWhile we have a bearish set up on the monthly charts, we are seeing signs of strong bullish correction that is about to mitigate a previous supply at 165. Despite the indication by Bank of Japan (BoJ) to raise rates in the future, we maintain a bullish bias in the short term. Our long term bias remains bearish after we get clear signs of reversals.