EURJPY trade ideas
EUR/JPY "Yuppy" Heist: Sniping Swiss Profits with Thief Trading!๐ Hello Global Traders! ๐
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Dive into our EUR/JPY "Yuppy" Forex heist, crafted with the signature ๐ฅThief Trading Style๐ฅ, blending sharp technicals and deep fundamentals. Follow the strategy outlined in the TradingView chart, focusing on a long entry targeting the high-risk MA Zone. Expect a wild ride with overbought conditions, consolidation, and potential trend reversals where bearish players lurk. ๐๐ฐ Celebrate your wins, tradersโyouโve earned it! ๐ช๐
Entry ๐: The vaultโs open! Grab bullish opportunities at any price, but for precision, set buy limit orders on a 15 or 30-minute timeframe near swing lows or highs for pullback entries.
Stop Loss ๐:
๐ Place your Thief SL at the recent swing low on the 4H timeframe (163.00) for scalping or day trades.
๐ Adjust SL based on your risk tolerance, lot size, and number of open orders.
Target ๐ฏ: Aim for 167.00
๐ต EUR/JPY "Yuppy" is riding a bullish wave, fueled by key market drivers. โ
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Avoiding new entries during news releases.
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EURJPY preps for the takeoffEURJPY is testing the area above the massive consolidation pattern. Given the elimination of the risk premium from safe haven demands, Japanese Yen may get under pressure, which may lead to the breakout from the consolidation, as shown at the chart.
Average True Range indicator had reached yet another bottom signaling decreasing volatility: usually this pattern precedes the sharp volatility increase and may point to trend continuation.
Japanese Yen gets under pressure in May, according to historical seasonal studies: thatโs another confirmation of the described scenario.
Don't forget - this is just the idea, always make your own research and never forget to manage your risk!
EURJPY โ False breakout of strong resistance at 164.FX:EURJPY rallies on news and reaches an important milestone. The liquidity pool formed above 164.00 may prevent the price from rising. There is a high chance of a false breakout.
Against the backdrop of the dollar's growth caused by PMI news, the currency pair is forming a retest of the key resistance level of 164.188 as part of a consolidation distribution and, with no possibility of continuing its growth, is making a false breakout.
Consolidation in the sell zone (below 164.188) will trigger a reversal and a fall.
Overall, the situation is neutral, with the market in a sideways range, and a false breakout could lead to a correction or reversal of the local trend.
Resistance levels: 164.188
Support levels: 163.17, 162.57
The formation of a reversal pattern relative to resistance and price consolidation below the level could give a good signal for a reversal.
Best regards, R. Linda!
EUR/JPY LONG FROM SUPPORT
Hello, Friends!
EUR/JPY is making a bearish pullback on the 3H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 163.264 level.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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EURJPY Technical Analysis! BUY!
My dear friends,
Please, find my technical outlook for EURJPY below:
The price is coiling around a solid key level - 162.05
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 162.84
Safe Stop Loss - 161.61
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
Could the price bounce from here?EUR/JPY is reacting offf the pivot and could bounce to the 1st resistance that lines up with the 50% Fibonacci retracement.
Pivot: 162.59
1st Support: 161.78
1st Resistance: 163.62
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EURJPYMacro Economic Analysis / Fundamental Analysis
The ECB has kept the rates while also BOJ kept the rates at the moment. In the short term we expect the ECB to cut the rates whilst the BOJ to raise the rate, probably in the next meeting. So in overall, we expect the JPY to strengthen against the EURO.
Technical Analysis
We expect a liquidity sweep of the previous week candle, then a sharp fall of the EURJPY.
EURJPY Technical & Order Flow Analysis (Potential Breakout)Our analysis is based on multi-timeframe top-down analysis & fundamental analysis.
Based on our view, the price will rise to the monthly level.
DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you.
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