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EURJPY trade ideas

EURJPY Technical Analysis! SELL! My dear followers, I analysed this chart on EURJPY and concluded the following: The market is trading on 169.60 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 169.04 Safe Stop Loss - 169.91 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
EURJPY 4Hourr TF - June 17th, 2024Monthly - Bullish Weekly - Bullish Daily - Bullish 4Hour - Bearish Scenario 1: EJ has been looking bullish for a while and it has put us into an area we haven't seen since 2008. My max target on a long position would be around 171.400 due to the lack of other structure to base levels off of. It's likely we will continue bullish but nothing would be confirmed until we see a minor break of structure at 169.950. Scenario 2: We also could see this new 4hour bearish trend take hold and push price action below our 167.500 zone. If this happens it would look like a promising short position even though it goes against the higher TF trends. Look for convincing lower lows and lower highs below 167.500.
by ForexLeague
EURUSD Bearish Trend and Bearish Bat Pattern CompletionEURUSD Bearish Trend and Bearish Bat Pattern Completion Instrument: EUR/USD Timeframe: 1-Hourly Chart Current Direction: Bearish Analysis: EUR/USD is currently exhibiting a bearish trend. While the impulse to short immediately is strong, my preferred entry level is at 169.54. This price point aligns with the completion of a bearish bat pattern on the 1-hourly chart. Key Points: - Bearish Trend: The overall trend for EUR/USD is downwards. - Bearish Bat Pattern: Completion level at 169.54, which offers a high-probability short setup. - Entry Level: 169.54 - Chart Pattern: Bearish Bat Pattern - Timeframe: 1-Hourly Chart Strategy: - Wait for Price to Reach 169.54: Monitor the price action and wait for it to approach the 169.54 level. - Confirmation: Look for bearish confirmation signals around this level to enter a short position. Stay tuned for updates and trade wisely!
Short
by RaynLim
1
EURJPY - Follow The Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURJPY has been overall bearish, trading within the falling red channel. Currently, EURJPY is undergoing a correction phase and it is currently approaching the upper bound of the channel. Moreover, it is retesting strong supply zone marked in blue. 🏹 Thus, the highlighted red circle is a strong area to look for trend-following sell setups as it is the intersection of the blue supply zone and upper red trendline acting as a non-horizontal resistance. 📚 As per my trading style: As #EURJPY approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
2
EURJPY Possible Short PositionUsing the BBMA Strategy by OA, a Re-Entry Short in 4H time frame appeared and using a multi- time frame analysis , I'm now waiting for a confirmation in TF 2 and TF 3 ( 15m Entry ). 4H - Re-Entry 1H- 50 EMA Rejection + Extreme Sell 15m- wait for CSAK + Retest in MAHILO min 15m Note: * Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 4H * 1:3 RRR * TAYOR A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis.
Short
by GreggiBond
EUR/JPY shortEUR/JPY Trading Analysis and Strategy Entry Price (EP): 169.40 Reason: Through the latest market trend analysis of EUR/JPY, we can see the overall market trend from the 1day, 4hour, and 1hour charts. The 1day chart shows the market's overall trend, and the 4hour chart confirms the trading trend. The 1hour chart presents a short term short entry, stop loss, and take profit signals. We will wait for the reversal signal on the 1hour chart. Based on RSI Divergence data, the entry price is determined to be 169.40. Stop Loss (SL): 170.45 Reason: Stop losses are calculated using ATR data,providing a margin of safety to limit potential losses if the market moves against the position. Target Price (TP): 167.78 Reason: The take profit target is set based on ATR data analysis and market trend prediction, aiming to obtain potential profits from expected price changes. Profit Potential in: 162 pips (approximately 1,620 USD/lot) Please note that Forex trading involves risks and the analysis provided is based on the information available. Market conditions can change rapidly, so it is important to stay current and consider implementing risk management strategies. It is crucial to monitor the market closely and adjust your trading strategy accordingly
Short
by Tracyanalyst