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EURJPY trade ideas

USDJPY BUY📊 EUR/JPY - Order Block & Break of Structure (BOS) Strategy 📊 Tracking EUR/JPY on the 15-minute timeframe, we see a potential bullish setup based on order blocks (OBs) and smart money concepts (SMC). However, confirmation via Break of Structure (BOS) on lower timeframes will be key before entering a trade. Key Zones: Bullish Order Block (Demand Zone): 161.000 - 160.700 Expecting price to drop into this area, where institutions previously showed strong buying pressure. Looking for BOS on lower timeframes (M5/M1) to confirm bullish intent before entering a buy position. Bearish Order Block (Supply Zone): 163.500 - 163.700 A strong resistance level where price previously sold off. If price reaches this area, we could see a reaction or potential reversal. Trade Plan: 📉 Wait for price to enter the demand zone (161.000 - 160.700). 🔎 Look for a Break of Structure (BOS) on lower timeframes (M5/M1) to confirm bullish reversal. ✅ Enter a long position upon confirmation. 🎯 Targeting the supply zone at 163.500 - 163.700. ⚠️ Stop-loss below 160.700 to manage risk.
Long
by Ramzftmo
EUR/JPY Analysis Using Elliott WaveCurrent Market Structure & Elliott Wave Count Wave 3 Completed near 163.800 (Key Resistance) Wave 4 Correction in Progress targeting 161.200 - 160.800 Potential Wave 5 Expansion toward 164.400+ Bullish Scenario (Wave 4 Completion & Wave 5 Start) 📌 Long Entry: Buy at: 161.200 - 160.800 Stop Loss (SL): 160.500 Take Profit (TP1): 162.200 Take Profit (TP2): 163.800 Take Profit (TP3): 164.400 🎯 Probability: 75% (If price finds support above 161.200) Bearish Scenario (Wave 4 Deeper Correction or Reversal) 📌 Short Entry: Sell at: 163.800 - 164.400 (Wave 3 High Rejection) Stop Loss (SL): 164.700 Take Profit (TP1): 162.800 Take Profit (TP2): 161.600 Take Profit (TP3): 160.800 🎯 Probability: 70% (If price rejects 163.800 resistance) Final Thoughts & Risk Management ✅ Bias: Bullish above 161.200, Bearish below 160.800 ✅ Risk/Reward Ratio: 1:3 for Both Scenarios ✅ Volatility Factor: Watch JPY Strength & Euro News Impact
Long
by MAKFX21
EURJPY - Double Bottom Breakout & RetestIn today's video we're looking at a secondary opportunity to enter a double bottom. A double bottom is a classic price action pattern where tests & holds a level twice before reversing in the opposite direction calling for the end of the trend. In this opportunity, price has confirmed the double bottom by breaking and closing above the peak & now we're looking at a secondary opportunity to get involved by breakout and/or pullback. If you have any questions or comments please leave them below and I wish you guys an excellent week of trading. Akil
Long
by Akil_Stokes
4
EURJPY NEXT MOVE, DEEP FUNDAMENTALS ANALYSIS EUR/JPY is currently trading around 162.300, having recently completed a breakout and subsequent retest, indicating a potential bullish continuation toward the target price of 168.300. This anticipated move suggests a gain of over 300 pips, aligning with the pair's prevailing uptrend. Fundamentally, the Eurozone's economic indicators have shown resilience, with stable growth and inflation metrics supporting the euro. In contrast, the Bank of Japan's commitment to ultra-loose monetary policies has led to a depreciation of the yen, widening the interest rate differential between the two currencies and favoring a stronger euro Technical analysis reinforces this bullish outlook. The pair edged higher to 164.16 last week before a slight retreat, suggesting consolidation ahead of a possible upward surge. As long as the 160.02 support level holds, further rally remains in favor, with potential targets at 164.89 and 166.67. A sustained break above these levels could pave the way toward the 168.300 target Traders should monitor key resistance levels closely, as a confirmed breakout could present a lucrative opportunity to capitalize on the anticipated 300-pip movement. Implementing robust risk management strategies, such as setting appropriate stop-loss orders, is essential to mitigate potential market volatility. Staying informed about upcoming economic data releases and central bank communications will also be crucial in navigating this trading opportunity effectively.
Long
by AndrewsMarket-Mastery
2
EUR/JPY – Double Bottom Breakout & Trendline Retest, Trade Setup📊 Chart Type: 1-Hour (H1) 💹 Asset: EUR/JPY 📈 Technical Patterns: Double Bottom, Trendline Breakout, Retest 📌 Overview of the Chart The EUR/JPY chart showcases a bullish reversal setup, characterized by a Double Bottom pattern, a trendline breakout, and a successful retest. This combination suggests a potential continuation towards higher price levels, making it an ideal setup for traders looking for breakout entries. The price action initially followed a downtrend, but buyers stepped in at key support zones, leading to the formation of a strong reversal pattern. Now, the price is testing a key resistance level, and if it breaks out, we could see a significant upward move. 🟢 Key Technical Analysis Breakdown 1️⃣ Double Bottom Formation – A Bullish Reversal Signal 🔹 The Double Bottom is a classic reversal pattern that forms after an extended downtrend. 🔹 In this case, price found strong support at 160.139, forming two lows (Bottom 1 & Bottom 2), indicating buyer dominance. 🔹 The confirmation of the pattern comes with a break above the neckline at around 162.000, suggesting a shift from bearish to bullish momentum. 2️⃣ Trendline Breakout & Retest 🔹 A descending trendline had been acting as dynamic resistance, pushing prices lower. 🔹 Recently, the price broke above the trendline, signaling a potential trend shift. 🔹 Now, price is retesting the trendline, which is a key factor in confirming whether the breakout is valid. 🔹 If the retest holds, it could trigger a strong bullish move towards the next resistance zone. 📍 Support & Resistance Zones 🔹 Support Level (160.139): The lowest point in the chart, where price tested twice and formed the Double Bottom. Buyers stepped in aggressively at this level, preventing further decline. Stop Loss Placement: Below this support zone for long trades. 🔹 Resistance Zone (163.725 - Target Level): The previous swing high and a major supply zone. A breakout above this area could lead to further bullish momentum. 📈 Trading Strategy – How to Trade This Setup? ✅ Bullish Trade Setup (Breakout & Retest Confirmation) This setup is ideal for traders looking to capitalize on breakout and retest strategies. 📌 Entry: Wait for a strong bullish candle to confirm the retest of the trendline. A break above the 162.500 level could be a good entry confirmation. 📌 Target: First target: 163.725 (Resistance Zone). If momentum continues, the next upside target could be around 164.500. 📌 Stop Loss: Below 160.139 (previous support level) to minimize risk. Alternatively, place it below the trendline retest zone if entering aggressively. 📌 Risk-to-Reward Ratio (RRR): This trade offers a strong RRR, as the downside risk is limited, while the upside potential is higher. 🔴 Bearish Scenario – What if the Retest Fails? While the bias is bullish, traders must be prepared for a fake breakout scenario. If price fails to hold above the trendline and neckline, the structure might break down. 📌 Bearish Entry: If price rejects the retest zone and closes back below 161.500, it could indicate a false breakout. 📌 Target: 160.139 (Support Level). 📌 Stop Loss: Above the trendline retest zone to protect against unexpected bullish moves. 🔎 Key Takeaways & Final Thoughts ✅ The Double Bottom pattern signals a potential trend reversal. ✅ The trendline breakout & retest adds further confirmation to the bullish bias. ✅ A breakout above 162.500 could accelerate buying pressure toward 163.725. ✅ Risk management is essential: A well-placed stop loss below the support level ensures minimal downside risk. ✅ If price rejects the retest zone, traders should be prepared for a possible bearish reversal. 📌 Overall Bias: Bullish ✅ 📌 Trade Confirmation: Needs trendline retest hold + bullish breakout 📈 📌 Key Level to Watch: 162.500 (Breakout Confirmation Zone) 🔥 💡 Pro Tip : Always wait for confirmation before entering a trade. A strong bullish candlestick pattern (e.g., engulfing candle) on the H1 or H4 timeframe could provide extra confidence in the setup! 🚀
Long
by GoldMasterTrades
EJ UpdateToday's Forex Factory data indicate that eurozone economic indicators continue to be mixed—with persistent growth concerns and dovish signals from the ECB—while safe‑haven flows into the yen remain robust. The latest COT report for JPY shows that large speculators are building significant net-long positions in the yen. This strong positioning suggests that many institutional traders expect the yen to appreciate further. Putting these pieces together, the outlook for EUR/JPY in the coming days appears to be bearish, as the strengthening yen is likely to put downward pressure on the pair. Since EUR is mixed awaiting technicals to align with COT JPY before executing
Short
by D_Virtual
EUR/JPY "The Yuppy" Forex Market Money Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Thieves, 🤑 💰🐱‍👤✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the EUR/JPY "The Yuppy" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸Book Profits wealthy and safe trade.💪🏆🎉 Entry 📈 : "The heist is on! Wait for the MA breakout (161.000) then make your move - Bullish profits await!" however I advise to Place Buy stop orders above the Moving average (or) Place buy limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level. 📌I strongly advise you to set an alert on your chart so you can see when the breakout entry occurs. Stop Loss 🛑: Thief SL placed at the recent/swing low or high level Using the 4H timeframe (158.000) swing trade basis. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 165.700 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Read the Fundamental, Macro, COT Report, Quantitative Analysis, Intermarket Analysis, Sentimental Outlook before start the plan. EUR/JPY "The Yuppy" Forex market is currently experiencing a Bullish 🐃 trend,., driven by several key factors. 👉Fundamental Analysis Fundamental analysis examines the economic and political factors driving currency value. For EUR/JPY, we focus on Eurozone vs. Japan. 👉Eurozone (EUR) Factors: Interest Rates: Assume the European Central Bank (ECB) has maintained or raised rates by March 2025 to combat inflation or support growth. Higher rates attract capital inflows, strengthening EUR. Inflation: If Eurozone inflation remains elevated (e.g., 2-3%), the ECB might tighten policy, supporting EUR. GDP Growth: Strong growth (e.g., 2% annualized) signals economic health, boosting EUR. Political Stability: Stable EU leadership and no major crises (e.g., elections or debt issues) favor EUR. Trade Balance: A surplus in exports (e.g., German machinery) strengthens EUR. 👉Japan (JPY) Factors: Interest Rates: The Bank of Japan (BoJ) historically keeps rates low or negative. If still near 0% or slightly positive by 2025, JPY remains weak. Inflation: Japan’s chronic low inflation/deflation (e.g., 1%) limits JPY strength. GDP Growth: Slow growth (e.g., 1%) due to aging population and export reliance weakens JPY. Yen as Safe Haven: JPY gains during global risk-off events (e.g., wars, recessions). If 2025 is calm, JPY weakens. Trade Balance: Japan’s export-driven economy (e.g., cars, tech) supports JPY if global demand holds. Conclusion: At 160.000, EUR likely benefits from higher yields and growth, while JPY is pressured by low rates and risk-on sentiment. 👉Macroeconomic Factors Macro trends influence long-term currency movements: Global Growth: Strong global growth in 2025 favors risk assets, weakening JPY (a safe haven). Commodity Prices: Rising oil/energy prices hurt Japan (net importer) more than the Eurozone, weakening JPY. Central Bank Policies: ECB tightening vs. BoJ easing widens yield differentials, pushing EUR/JPY higher. Geopolitics: Assume no major conflicts by March 2025; stability favors EUR over JPY. Demographics: Japan’s aging population caps growth, while Eurozone’s diverse economies adapt better. Conclusion: Macro trends lean bullish for EUR/JPY. 👉Global Market Analysis Equity Markets: Rising global stocks (e.g., S&P 500, DAX) signal risk-on, weakening JPY. Bond Yields: Higher Eurozone yields (e.g., German 10-year at 2.5%) vs. Japan’s (e.g., 0.5%) drive EUR strength. FX Volatility: Low volatility favors carry trades (borrowing JPY to buy EUR), supporting EUR/JPY. USD Impact: If USD weakens (e.g., Fed cuts rates), EUR may outperform JPY due to Eurozone resilience. Conclusion: Risk-on global markets support a bullish EUR/JPY. 👉Commitment of Traders (COT) Data COT reports show positioning of large speculators, commercials, and asset managers: Speculators: If net long EUR/JPY increases (e.g., +50,000 contracts), it signals bullish sentiment. Commercials: Hedgers shorting EUR/JPY (e.g., -30,000 contracts) suggest exporters locking in rates, a neutral signal. Open Interest: Rising open interest with price indicates trend continuation (bullish if above 160.000). Historical Context: Extreme positioning often precedes reversals; moderate longs suggest room to run. Hypothetical Conclusion: Moderate bullish positioning supports further upside. 👉Intermarket Analysis Intermarket relationships link forex to other assets: EUR/JPY vs. Stocks: Positive correlation with risk assets (e.g., Nikkei 225, Euro Stoxx 50) favors bulls. EUR/JPY vs. Yields: Strong correlation with Eurozone bond yields; rising yields push EUR/JPY up. EUR/JPY vs. Gold: Inverse correlation; if gold falls (risk-on), EUR/JPY rises. USD/JPY Impact: If USD/JPY rises (JPY weakens broadly), EUR/JPY follows suit. Conclusion: Bullish intermarket signals align with EUR/JPY strength. 👉Quantitative Analysis Quantitative models use data-driven metrics: Interest Rate Differential: Assume ECB rate at 3% vs. BoJ at 0.5%; 2.5% differential favors EUR. Purchasing Power Parity (PPP): Long-term fair value might be 140; at 160, EUR/JPY is overvalued but momentum-driven. Volatility (ATR): Low 14-day ATR (e.g., 1.5) suggests steady uptrend, not exhaustion. Moving Averages: If 50-day MA (e.g., 158) < 200-day MA (e.g., 155) < price (160), trend is bullish. Conclusion: Quant metrics support a bullish bias. 👉Market Sentiment Analysis Sentiment reflects trader psychology: Retail Positioning: If 70% of retail traders are short EUR/JPY (per broker data), contrarian logic favors bulls. News Flow: Positive Eurozone headlines (e.g., growth data) vs. neutral Japan news boost EUR. Social Media (X): Assume X posts show optimism on EUR, pessimism on JPY carry trade unwind. Conclusion: Sentiment leans bullish. 👉Positioning Carry Trade: Low JPY rates make it a funding currency; longs in EUR/JPY profit from yield and appreciation. Hedge Funds: Assume funds are net long EUR/JPY, per COT or market rumors. Central Banks: BoJ intervention unlikely unless EUR/JPY spikes (e.g., to 170). Conclusion: Positioning favors bulls. 👉Next Trend Move Technical Levels: Resistance at 162.000, support at 158.000. Break above 162 signals strong bulls. Catalysts: ECB hawkish statement or BoJ dovishness could push EUR/JPY to 165.000. Risks: Sudden risk-off (e.g., stock crash) could drop it to 155.000. Prediction: Uptrend to 162-165, barring shocks. 👉Overall Summary Outlook Bullish Factors: ECB tightening, BoJ easing, risk-on markets, yield differentials, bullish positioning. Bearish Risks: Global risk-off, BoJ intervention, or EUR overvaluation correction. Outlook: Bullish. EUR/JPY likely rises to 162-165 by Q2 2025, assuming stability. Watch for reversals if risk sentiment shifts. Real-Time Market Feed (Simulated) Since I can’t access live data, here’s a hypothetical snapshot as of March 10, 2025, 12:00 UTC: Bid/Ask: 159.980 / 160.020 1-Hour Change: +0.150 (+0.09%) Daily High/Low: 160.300 / 159.700 Volume: Moderate, carry trade-driven. 👉Future Prediction Short-Term : Bullish to 162-166. Long-Term : Depends on global risk and policy shifts; potential correction to 150 if JPY strengthens. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
Long
by Thief_Trader
EUR/JPY Chart Analysis - Falling Wedge Target with Bullish SetupThis EUR/JPY 1-hour chart reveals a well-defined falling wedge pattern, which is a bullish reversal formation. Additionally, we see key support and resistance levels, a double bottom, and a breakout potential that traders can use to plan an entry. Let’s dissect this chart in a professional and detailed manner to understand the trade setup and market psychology. 🔹 Market Trend & Structure Analysis The market was previously in an uptrend, making higher highs and higher lows, until it faced strong resistance at the 163.500 level. Upon reaching this zone, the price reversed downward, forming a series of lower highs and lower lows, which resulted in a falling wedge pattern. This downward movement was accompanied by a trendline break, signaling a shift in momentum. The price has since reached a strong support level and is showing signs of potential bullish reversal. 🔹 Key Technical Patterns & Indicators 1️⃣ Falling Wedge Pattern (Bullish Reversal Signal) A falling wedge is a pattern characterized by two downward-sloping trendlines that converge, indicating that selling pressure is weakening. This pattern is considered a bullish signal because: ✔️ The declining price movement shows exhaustion of sellers. ✔️ Volume typically decreases as the wedge forms, indicating a breakout is coming. ✔️ Once price breaks out of the wedge, a strong bullish move often follows. The key here is to wait for a breakout above the upper trendline, which will confirm the bullish momentum. 2️⃣ Double Bottom Formation at Support (Reversal Confirmation) The price tested the 160.500 support level twice, forming a double bottom pattern. This is another bullish sign, as it indicates: ✔️ Buyers are actively defending this level. ✔️ There’s strong demand around this price zone. ✔️ If price breaks above the wedge resistance, it could trigger a significant rally. 🔹 Key Support & Resistance Levels Identifying support and resistance is crucial for defining entry and exit points. ✅ Support Levels: 160.500 – Strong horizontal support (Price tested this twice). 158.982 – Stop-loss level (Below this, the bullish setup is invalid). ✅ Resistance Levels: 163.500 – Major resistance (Previous high and supply zone). 165.090 – Final target (Key breakout level). If the price successfully breaks out of the wedge, it has room to rise significantly, with 163.500 as the first target and 165.090 as the ultimate goal. 🔹 Trade Setup & Execution Plan 🎯 Bullish Breakout Trade Strategy Since this setup signals a potential reversal, here’s how traders can execute a high-probability trade: 🔹 Entry Points: ✅ Aggressive Entry: Enter as soon as price breaks above the wedge resistance. ✅ Conservative Entry: Wait for a breakout and a retest of the resistance-turned-support before entering. 🔹 Target Levels: 🎯 First target: 163.500 (Previous resistance level). 🎯 Final target: 165.090 (Major resistance zone). 🔹 Stop-Loss Placement: ❌ Place the stop loss below 158.982, as a break below this level would invalidate the bullish setup. 🔹 Risk-Reward Ratio & Trade Justification 📈 Why This Trade Has a High Potential Reward? Low-risk, high-reward: The stop loss is tight, while the upside potential is large. Confluence of bullish signals: Falling wedge + Double bottom + Strong support. Institutional interest likely: Buyers are stepping in at key levels. A proper risk-to-reward ratio (RRR) for this trade would be at least 1:3, meaning for every 1% risk, there’s a 3% profit potential. This makes it a great swing trading setup. 🔹 Market Psychology Behind the Setup The falling wedge represents a market correction after a strong bullish trend. The double bottom shows that sellers are exhausted and buyers are gaining control. If price breaks out, many traders will enter, triggering a strong upward rally. This bullish breakout setup aligns with the smart money concept, where institutions accumulate positions before a big move. 🔹 Final Thoughts & Trade Outlook This EUR/JPY setup presents a high-probability trade opportunity with a bullish breakout scenario. The combination of: ✅ Falling Wedge Pattern (Bullish reversal) ✅ Double Bottom at Support (Buyers stepping in) ✅ Key Resistance Targets (Clear trade exit points) …creates a great trading setup. 📌 Trading Plan Summary: ✔️ Buy on breakout above the falling wedge. ✔️ Target 163.500 & 165.090 for profits. ✔️ Stop-loss below 158.982 for risk management. 🚀 If executed correctly, this trade has the potential for strong bullish momentum. Would you like a real-time update once the price confirms the breakout? Let’s keep an eye on this trade! 📊🔥
Long
by GoldMasterTrades
EURJPY Is Bearish! Short! Here is our detailed technical review for EURJPY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 161.513. The above observations make me that the market will inevitably achieve 160.742 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1