EURJPY - BEARISH MOVEHello Traders !
The EURJPY price failed to create a new higher high !
At the moment, The support line is broken🔥
So, I predict a bearish move📉
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TARGET: 162.635🎯
EURJPY trade ideas
EurJpy Trade IdeaEJ has been in a range for some time now. I managed to catch some EJ buys earlier where targets were met after a clean change of structure at a level of support. With price still respecting the range and showing a break of structure at the level of resistance I'm personally looking to short the pair for a potential 1:3rr if price can give a bearish candle on both the 1hr and 15m. If price decides to head back to the upside I'll wait on another break and retest with some type of bullish confirmation to go long on the pair. We'll see what happens.
EURJPY PROJECTION EURJPY as you can see in the daily TF , has gotten a breakout and we see price retest to the zone , and we go short
EURJPY 12/13-Nov-2024 Possible Day trading Idea EURJPY Day trading Idea
1.EURJPY is in a bullish trend
2.I am looking for buys on a HL
3.Current trend is Pro trend
4.Price recently broke above previous H, formed a new H. left out a clean consolidation range before breakout. (In higher timeframes this will appear as OB)
By highlighting the recent BOS; HH; recently formed HL, i can apply the FIB levels to identify the possible entry point where price has already reacted to it. but going down to LTF we can identify a MSS, and another possible area for entry.
Proper risk management can be applied, This is a B setup trade.
BOS-->HH-->HL---> Look for discounted prices for HL
EURJPY LongLooking to go long on EJ.
The pair has been in a decent uptrend since the beginning of October, I am expecting this to continue till around mid November.
Price of interest for a long is 163.412.
Confluences:
- Key Level
-38% Fibonacci
- Cluster of EMA's (Daily 50, 100 & 200)
SL is 1.5 times the size of the zone of interest so 45 pips
Targeting a higher high around 167.
Trade safe, and catch you later traders ▲
Double Bottom Reversal Pattern Observed in EUR/JPY – Bullish MomA potential Double Bottom Reversal Pattern has formed in the EUR/JPY pair, indicating a possible bullish trend. We anticipate the market to surge as buyers gain momentum. A retest of the Support and Resistance (SNR) level is likely before the upward movement. Entry Price (EP), Stop Loss (SL), and Take Profit (TP) levels are strategically set for this setup.
#EURJPY 4HEURJPY 4-Hour Analysis
The EURJPY pair has recently broken below a significant support level on the 4-hour chart, which has now turned into resistance. This “support-turned-resistance” setup suggests bearish momentum and creates a potential opportunity for a sell position if the price fails to reclaim this level.
Technical Outlook:
- Pattern: Support Becomes Resistance
- Forecast: Bearish (Sell Opportunity)
- Entry Strategy: Sell near the resistance area, previously support
Traders may consider entering a sell position around this resistance level, with targets set at lower support zones. Additional confirmation from indicators like RSI indicating overbought conditions or MACD showing bearish momentum could strengthen this setup, supporting the bearish outlook for EURJPY.
EURJPY ANALYSIS.The price is giving a bullish signal, the trend is upwards and reacting in a strong zone.
EUR JPY Trade Setup Daily TimeframeEUR JPY has broken through a major resistance level, which has now turned into a support level, forming break and retest pattern on the daily timeframe.
We’ll be looking for buy entries from the retest level. to get our entry, let’s scale down to lower timeframes to identify chart patterns and candlestick confirmations.
📉🔄📈
EURJPY Forming Bullish Divergence – Potential ReversalEURJPY is currently testing a strong support level and showing signs of a potential reversal.
EURJPY break retest buyConfluences to go long
1. weekly bullish, daily bearish(?), 4hr bearish
2. weekly retesting weekly AOI
3. retesting weekly structure point
4. retesting daily EMA
5. retestig daily AOI
6. retesting daily structuree
*NOTE: daily may be bearish with small elbow
7. retesting daily round psych
8. 4hr sharkfin at round psych/AOI
*Waiting for 4hr to create LL then shift back to bullish; wait for pullback and buy at HL
13-11 EURJPY 13-11 EURJPY This pair has a way to go up. Technically this pair shows a doubtful long position but fundamentally the pair scores a big buy. Our signal system shows a score of +9 consisting of: Cot Data 2, Retail sentiment 0, Seasonality 1, Trend reading 0, GDP 2, Manufacturing PMI 0, Services PMI 0, Retail Sales 2, Inflation 2, Employment Change 2, Unemployment Rate -1, Interest Rates -1.
EUR / JPY DAILY LONG OPPORTUNITY.
DESCRIPTION
EUR JPY has rejected from a strong demand zone to the left and formed a text book formation of a head and shoulder pattern .
price ATM has the potential of retesting the neckline of the H&S pattern , and if so probability is there for a potential long with different entry methods.
Will personally look to enter if the price comes down to 163.500 level in either of London / New York session.
If price does go long after retest and opportunity is missed there will be other opportunity to buy using different entry methods , which will be updated as we go along and how the markets behave.
Sunday break down Possible opportunities I am anticipating for the coming week from DXY to one of my favorite on the watch CADJPY and a lesson towards the end for someone struggling to get away from the charts or improve on there mental frame work and procrastination.
Some ThoughtHi👋
This is what I think
we have a very important LVL ( 163.55 ) that price doesn't reach it yet
my main TG is there
but for Partial Exit, I use base of the last pole to grab some Profit
Cheers
EurJpyDaily and 4H are both bearish
Price just swept some liquidity and made a huge bearish candle, showing me intention to break those equal lows below
EUR/JPY LONGPlanning on having a EUR/JPY long ,as the price is moving in uptrend and price is showing us momentum, I found a good and deep retracement , now the structure is shifting. A good time to enter the trade.
Disclaimer:
The ideas and strategies presented here are for informational and educational purposes only. They do not constitute financial, investment, or trading advice. Trading and investing involve substantial risk, and you should carefully consider your financial situation and seek professional advice before making any decisions. I am not responsible for any losses or damages incurred as a result of following or acting on these ideas. Past performance is not indicative of future results. Always do your own research (DYOR).
EUJPY, lookin further up for more gains, +500 pip prospect.EURJPY, after hittin recent highs of 166.6, a trim-down followed after -- corrected significantly back to demand zone touching 78.6 fib levels.
Now, based on recent price behavior this pair is preppin for another round to the upside soon.
Net buyers has started accumulating already based on daily data metrics. The healthy correction just warranted a very clean setup for another ascend.
Spotted at 164.0
Interim target set at 170.0
TAYOR.
EURJPY, Head and Shoulder Formation with Double Bottom Head and Shoulder Formation
Double Bottom on Right shoulder
Bullish Divergence
Trade Plan 1
Ride Double Bottom projection
Sl below Double Bottom
Trade Plan 2
Ride head and shoulder Projection
Sl below right shoulder
EURJPY- TREND REVERSAL - DIVERGENCE | DOUBLE BOTTOM Bullish Indicator
1- Bullish Divergence
2- Formation of Double Bottom
