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EURJPY trade ideas
short eurjpyi would say B entry since i didnt wait for the 4 hour time frame to turn bearish, high risk entry, but you could find and entry once and if the 4H time frame turn bearish for a A+ entry. Who knows XD
Long EURJPYThe market has slowly being going up.
The correlated pairs GBPJPY, AUDJPY all broke higher which suggest there is broad based weakness.
Ath the start of the hour I went long as the running candle broke previous canlde high.
I am targetting tp just under the ADR with a risk reward of 1:1.45R
EUR/JPY Falling Wedge Breakout: Potential Bullish ReversalThe EUR/JPY pair has broken out of a falling wedge pattern, signaling a potential bullish reversal. This classic technical setup often indicates a shift in momentum, with buyers gaining strength. Traders may look for upside targets as the pair continues its upward move post-breakout.
EUR/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
EUR/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 160.449 area.
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EurJpy Trade IdeaIf you noticed my last post on EJ I left comments about closing my long positions because of low volume. I basically made back what was lost in the draw down from my previous short position. Longs made sense with the overall trend being bullish but I stated in my comment once price came back down into resistance shorts could be possible. There was a 15m structure flip just right at the level. A structure flip at a level is always a clean set up for me. of course not EVERY set up plays out clean. With that being said I've decided to short the pair once price gave a bearish candle and closed right under resistance (161.100).
IDEA EURJPY LONG POSITION Hi Traders
Pair : EURJPY
Position : LONG ( BUY )
Entry Price :161.300
STOP LOSS @ 160.900
TP 1 @ 161.700
TP 2 @ 162.100
TP 3 @ 163.250 ( Trailing SL )
EurJpy Trade UpdateLast night I posted a short set up on EJ. I knew I was entering shorts with price being overall bullish but price at the time was a respecting a range. I closed in small draw down once I seen price start to consolidate extremely tight at the level I entered for shorts. With price breaking above the range and retesting the resistance level I decided to go long and follow the overall trend. Personally looking for a solid 1:3rr here. We could expect price to reach 163.000 since price is a range on the higher time frame between 163 and 155.
Emerging Bullish Cypher on EURJPY Signals Rally ContinuationHello Traders,
Below is my short-term outlook of EURJPY.
An emerging bullish Cypher pattern has been identified on EURJPY (M15 timeframe). This pattern signals a brief market correction, allowing new buyers to join the EURJPY rally. Completion of this pattern is expected around the 159.592–159.060 region, followed by a likely bullish continuation.
Price targets are 160.21, 160.762, and 161.660, with the outlook being invalidated if the price closes below 159.050.
Do let me have your take on this pair in the comment below.
Cheers and Happy Trading.
EURJPY Will Collapse! SELL!
My dear friends,
EURJPY looks like it will make a good move, and here are the details:
The market is trading on 161.23 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 159.59
Recommended Stop Loss - 162.09
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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Turning Points within a Market Cycle Hey learners
The first bit of this video covers the turning points of a market cycle
I then proceed to explain more reasons why I've moved away from the cryptosphere
These are all my opinions, what are yours?
EURJPY returning back to the primary trend directionPrimary trend: Long
On July 10th a new high was made, and the RSI showed a Overbought condition, leading the direction to change, and create a secondary trend for about 2months
The secondary trend stopped at a support, and RSI showed Oversold condition and the price rise again with strong candles.
RSI has already crossed the 50 level and a pattern.
EURJPY-3DAY RTM1Week and 1 Day: Bullish Confirmation not yet made, although the price is bullish.Expecting for it to Dry of, so that it make Divergence on Weekly and Daily time frame.
-Selling Divergence on small timeframe, above all..expecting to sell Break below Previous daily High.
EurJpy Trade IdeaEj has been in a range for some time now. I personally decided to take some shorts on the pair since there was no break of the range. Entry for me was a 4hr pullback with price coming back to retest a level where price originally flipped from after respecting resistance. There was a solid bearish candle forming on the retest along with the 1hr looking bearish. Personally looking for a little over a 1:3rr on this set up. We'll see how price plays out. Stops are just above structure.
EURJPY Weekend analysisLooking for buy position on EURJPY next week
Orderflow is bullish on the Higher timeframes
EUR/JPY For Bullishyou can go long now
or
wait for price break the current Down Trend and go with retest it
have fun :)
#EURJPY 1 DAYEURJPY (Euro / Japanese Yen)
Timeframe: Daily (1D)
Pattern: Downtrend
The daily chart of EURJPY reveals a pronounced downtrend, characterized by a series of lower highs and lower lows. This pattern indicates that sellers have maintained control over the market, leading to consistent price declines over time. The downtrend reflects a bearish sentiment among traders, as the currency pair struggles to regain upward momentum.
Forecast: Sell
Given the established downtrend, the forecast suggests a selling opportunity. The likelihood of continued bearish movement remains strong, as the pair has not shown any significant signs of reversal or stabilization at this point.
Technical Outlook:
Resistance Level: The recent lower high points, which may serve as potential entry points for sellers.
Support Level: Key support zones below the current price, where a breakdown could trigger further selling pressure.
Key Levels to Watch: A sustained move below recent support levels would reinforce the bearish outlook, potentially leading to further declines.
Traders should be vigilant for confirmation signals, such as bearish candlestick formations or increased volume during price drops, to validate their entry strategies.
Keep an eye on economic news and geopolitical factors that could influence the Euro and Japanese Yen, as these may impact price dynamics in this pair.
EURJPY On the daily I see a potential double bottom. A W shape formation. EURJPY IS IN NICE UPTREND. RESPECTED DAILY ZONE NICELY
EUR/JPY May Rise#trading_idea 💡
🇪🇺🇯🇵 #EURJPY - Moving Up
On the 4H chart, an ascending triangle pattern is forming. The price is testing resistance at 161, and both Stochastic and the Bulls & Bears indicator suggest a potential continuation of the upward move.
🔼 If buyers have enough strength to break the resistance 161, the price will most likely rise to 162.
🔽 If the sellers' pressure continues, the most likely scenarios are reaching local support levels 160 or 158
🔷 React with "👍" if you foresee the price growth and "👎" if you believe it will decrease
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EURJPY - In Bearish TrendEURJPY is on daily trendline, if BOJ Core CPI y/y data comes positive then EURJPY starts its bearish trend. You can easily achiceve 1:2 from this trade.
EURJPY 5min Winner This trade was just an example how I frame trades with live data.
I'm not a coach or anything like that but if you need a hand please don't hesitate to drop a message I can point you in the right direction the videos I used to reach here.
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