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Euro / Japanese Yen

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EURJPY trade ideas

Bearish reversal off overlap resistance?EUR/JPY is rising towards the pivot and could reverse to the 1st support which has been identified as an overlap support. Pivot: 164.95 1st Support: 163.45 1st Resistance: 165.95 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
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).
Long
by Singh_DayTrader
1
EURJPY on 4 Hour time frame ideas Hello everyone! Here's my analysis for EURJPY on the 4-Hour timeframe: The recent price action has broken below the ascending trendline and the existing structure. This suggests a potential shift in market direction. Currently, the price is undergoing a bearish correction. I will be closely monitoring the 1-Hour timeframe for a potential breakout signal before considering a short position. Let's see how it goes and comment what do you think about the analysis.
Short
by jonathanethan911
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.
Short
by OfficialJ23
8
Trading Reflection: Embracing Low-Risk, Low-Stress TradingWould you risk $266.38 for a potential return of $757.23? That's the kind of trade setup I'm focusing on these days. My Trading Philosophy Over my 19 years of trading experience, I've encountered many "trading gurus" who claim that achieving a profit factor of 2 is impossible—that it's merely a textbook scenario and unrealistic. I chose to keep my thoughts to myself, but their perspective revealed a lot about their trading approach: 1. Constant Break-Evens and Overtrading: Chasing big wins often leads to overtrading and settling for break-even results, reminiscing about those rare "good feelings" when trades went their way. 2. High-Stress Environment: They operate under constant stress, obsessing over being "right," frequently intervening in trades, and deviating from their trade plans—all justified by their years in the industry. Finding What Works for You There are countless ways to trade, and results will vary depending on your strategy. Personally, I prefer a method that allows me to: - Spend Just 15 Minutes a Day: I review my trading pairs, set alerts, and let the market notify me when it's time to act. - Use Candlestick Confirmations: I decide whether to engage in a trade based on candlestick patterns at my predetermined entry points. This approach ensures my profit factor for the final target is always at least 2—often even higher. Mathematically, I can be profitable with only a 40% accuracy rate. This allows me to seek trades with high returns and live my life freely for the rest of the day. Current Trade Idea: Bearish Crab Pattern I'm eyeing a Bearish Crab Pattern on the 15-minute chart. It might not be picture-perfect, but it offers a profit factor of 2, and I have RSI divergence supporting my idea. Trade Management - Once the market touches 164.02 or breaks and closes below 164.21 , I'll shift my stop to the entry price to attain a risk-free trade. - Remember to include our stop-loss buffer when setting your stops. Final Thoughts Trading doesn't have to be high-risk or high-stress. It's about choosing a strategy that aligns with your goals and lifestyle. Whether you prefer a fast-paced environment or a more relaxed approach, the choice is yours. What's your trading style? Do you prioritise low-risk, low-stress strategies, or do you thrive in the thrill of the fast-paced markets? Share your thoughts and experiences below! Stay patient, trade wisely, and happy trading! 🚀
Short
by RaynLim
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.
Long
by JSAL
eurjpy is bearishThe high liquidity and volatility determine the attractiveness of the EURJPY pair for traders and investors. Due to such fundamental factors as changes in the monetary policy of the ECB and the Bank of Japan, the release of data on GDP, inflation and the labor market in Japan and the Eurozone, volatility almost always increases. EURJPY has a generally recognized status as a safe-haven currency. The interest of investors in the yen grows significantly during periods of uncertainty in the financial markets. The dynamics of changes in EURJPY prices are characterized by long-term trends, which are favorable for implementing trend strategies using technical tools (indicators and oscillators).
Short
by MtICHI
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
Long
by Ocean98
8