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EURJPY trade ideas

EURJPY – Potential Buy Opportunity at Support LevelThe EURJPY pair is trading near a key demand zone which has acted as strong support during previous price actions. This area has historically attracted buyers, making it a significant zone for potential bullish reversals. The recent bearish momentum has brought the price into this demand zone. If bullish confirmation appears, such as candlestick reversal patterns (e.g., bullish engulfing or long lower wicks), the price could see a recovery. A potential target for this bounce would be the 161.654 level, which represents a logical target for this setup. Do you see this playing out, or would you approach it differently? Share your thoughts and analysis in the comments below!
Long
by DanieIM
Bearish drop?EUR/JPY is reacting off the pivot and could potentially drop to the 1st support. Pivot: 161.39 1st Support: 157.91 1st Resistance: 165.23 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
A short sell on EURJPYOn the monthly timeframe, EUR JPY is bullish as the previous low at 154.414 did not break the last low. Therefore we expect a bullish continuation to the previous high indicated around 175.348. However, this sell analysis focuses on a catching a short sell setup within this bullish monthly structure on the 1D timeframe, before prices goes back to the last high. If this sell setup holds, areas of interest include Entry: 165.596 Target: 156.160 Stop Loss: 167.664
Short
by Orhis
EURJPY Massive Short! SELL! My dear subscribers, My technical analysis for EURJPY is below: The price is coiling around a solid key level - 163.75 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 162.82 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
EUR/JPY 4H: Key Fibonacci and Volume Profile LevelsOANDA:EURJPY EUR/JPY 4H: Key Fibonacci and Volume Profile Levels Analysis: Description: The chart displays the EUR/JPY currency pair on a 4-hour timeframe. It includes several key indicators and annotations such as Break of Structure (BOS), Change of Character (ChoCH), Fibonacci retracement levels, and volume profile. The RSI indicator is also shown at the bottom of the chart. Analysis: Price Action and SMC Analysis: Break of Structure (BOS): Multiple BOS points are marked, indicating significant shifts in market structure. Change of Character (ChoCH): These points suggest potential reversals or shifts in market sentiment. Fibonacci Retracement Levels: Key levels at 0.382 (163.34288), 0.5 (162.977), 0.618 (162.59712), 0.705 (162.3222), and 0.786 (162.06624) are plotted, indicating potential support and resistance zones. Volume Profile: High volume nodes at 163.612, 163.208, and 160.897 suggest strong interest and potential areas of price reaction. RSI Analysis: The RSI is currently around 46.42, indicating a neutral to slightly bearish momentum. The RSI has previously shown oversold conditions, suggesting potential buying opportunities. Buy Strategy Entry: Consider entering a long position at the 0.618 Fibonacci level (162.59712) as it aligns with a high volume node and potential support. Take Profit 1 (TP1): 163.208 (61 pips) Take Profit 2 (TP2):: 163.612 (101 pips) Stop Loss (SL): 162.06624 (53 pips) Sell Strategy Entry: Consider entering a short position if the price breaks below the 0.786 Fibonacci level (162.06624) with confirmation. Take Profit 1 (TP1): 161.500 (56 pips) Take Profit 2 (TP2):: 160.897 (117 pips) Stop Loss (SL): 162.59712 (53 pips) VIP Signal Buy Signal: Entry: 162.59712 TP1: 163.208 (61 pips) TP2: 163.612 (101 pips) SL: 162.06624 (53 pips) Sell Signal: Entry: 162.06624 TP1: 161.500 (56 pips) TP2: 160.897 (117 pips) SL: 162.59712 (53 pips) Follow @Alexgoldhunter for more strategic ideas and minds This comprehensive analysis leverages Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave strategies to provide detailed buy and sell strategies. The Fibonacci retracement levels, volume profile, and RSI indicators highlight key areas of interest for optimal trading decisions.
by Alexgoldhunter
EURJPY Sell ForecastEURJPY New forecast👨‍💻👨‍💻 Note: Follow proper risk management rules. Never risk more then 2% of your total capital. Money management is the key of success in this business...... Set your own SL & TP. Please support this idea with a Like and COMMENT if you find it useful click "follow" on our profile if you will like these type of trading ideas delivered straight to your email in the future. Thanks for your continued support!! lemme know your thoughts in the comment sec...
Short
by King_CityStar_Fx
eurjpy on ob way to havenFrom the image, here’s a breakdown of EUR/JPY based on the visible **Order Blocks (OB)** and the ICT framework: 1. **Bullish Market Structure**: - The chart indicates a **bullish bias**, as price has been reacting to daily order blocks (d OB) and respecting them as demand zones. The structure is stepping higher, with price reaching for liquidity above. 2. **Key Order Blocks**: - **Daily OBs** (d OB) are clearly marked and have acted as support during retracements. - The **weekly OB** (w OB) at the lower levels is a significant demand area, but price is far from it, indicating a focus on higher targets. 3. **SMT Divergence**: - A divergence (SMT) is plotted on the chart, potentially signaling a reversal from the lows in line with the bullish order flow. 4. **Target Zones ("Haven")**: - The **Buy Side Liquidity (BSL)** is marked near **166.694**. Price is likely aiming for this level, which aligns with a higher timeframe objective. 5. **Expectations**: - Price could react to the nearest d OB, consolidate or pull back, and then continue its bullish trajectory toward the liquidity resting above. - A break below the most recent d OB would shift the focus to deeper retracements, potentially targeting another d OB or the w OB below.
Long
by aryan_mmxm
1
EUR/JPY "The Yuppy" Forex Market Heist Plan on Bullish🌟Hi! Hola! Ola! Bonjour! Hallo!🌟 Dear Money Makers & Robbers, 🤑 💰 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. 👀 Be wealthy and safe trade.💪🏆🎉 Entry 📈 : You can enter a Bull trade at any point, however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. Stop Loss 🛑: Using the 30min period, the recent / nearest low or high level. Goal 🎯: 165.000 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 💰. Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release. Fundamental Outlook 📰🗞️ Based on the fundamental analysis, I would conclude that the EUR/JPY (Euro/Japanese Yen) pair is: Bullish Reasons: Interest rate differential: The European Central Bank's (ECB) interest rate (2.50%) is higher than the Bank of Japan's (BoJ) interest rate (0.10%), making the EUR more attractive to investors. Economic growth: The Eurozone's economy is expected to grow at a faster pace than Japan's, driven by the strong labor market and increasing business investment. Monetary policy: The ECB's hawkish stance and potential interest rate hikes are expected to support the EUR, while the BoJ's dovish stance and potential monetary policy easing could weaken the JPY. Trade balance: The Eurozone's trade balance is expected to remain in surplus, driven by the strong demand for European exports, which could support the EUR. Japanese economic slowdown: Japan's economy is expected to slow down, driven by the aging population and decreasing labor force, which could lead to a decline in the JPY. However, it's essential to consider the following risks: Global economic slowdown: A slowdown in global economic growth could reduce demand for the EUR and drive down prices. Eurozone debt crisis: The Eurozone's debt crisis could resurface, potentially weakening the EUR and driving down prices. Trade tensions: Escalating trade tensions between the Eurozone and other countries could negatively impact the EUR and drive down prices. Bullish Scenario: Interest rate differential, economic growth, and monetary policy support the EUR Japanese economic slowdown and trade balance support the bullish case Key Fundamental Indicators: Eurozone GDP growth: 1.5% (2023 estimate) Japan GDP growth: 0.5% (2023 estimate) ECB interest rate: 2.50% BoJ interest rate: 0.10% Eurozone trade balance: €20 billion (2023 estimate) Japan trade balance: ¥500 billion (2023 estimate) Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan. 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. 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. 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