going for a long after confirmationcurrently 171.4 going for a long, looking at 175.2 but waiting for a confirmation when market opens.
EURJPY trade ideas
Is it time to sell EURJPY?!?Hello traders, I hope you're having a wonderful week this is LINKHIVE!! Lets dive deep into this trade.
EUR has been bullish for quite a while now but after that that deep pullback I think EUR is going to fall. I don't trade any fundamentals but I do look at almost all Forex pairs and EUR is looking bearish ( also it's great friend GBP is looking quite bearish)
Diving deep into the 2H we can see that beautiful round number at 172.000 . If you pay attention to the price action around that number you will see that we struggled to close below it but now that we closed below it we are now retesting with a flag.
I've already shown you the higher tf and we all know that EURJPY is in a downtrend but for me to enter this trade I will wait for the breakout as indicated with the blue arrow.
*Indicators*
I have a few indicators that I use but for this trade the macD is good. I use default settings.
A drop in momentum and divergence further validates our trades.
Possible trade idea for EUR/JPYWhen we look at the chart we can see that the price is slowely moving back up and that we are forming some sort of rising wedge.
What I want to do now is trade here and see if the wedge becomes valid. At this point it is not a valid wedge for me so I would be trading this with very little risk. Just to see the price move and see what is happening.
Trade idea for EUR/JPYWhen we look at the chart we can see that the price is havind some trouble breaking a resistance zone. What I want to do now is trade and see it we could go short here.
We do need to look for the price to first go back to the zone and then trade it of to the past low.
This trade would be very low for me because there are some indicators that tell me that the price is not going to have a lot of trouble braking the zone.
But let's have some fun and trade it.
EURJPY Will Go Higher! Buy!
Take a look at our analysis for EURJPY.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 171.611.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 172.674 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EUR/ JPYThe Pair in an ascending channel and it has broken some form of resistance on the 2hrs time frame , it is correcting on the lower time frame for a possible short entry .
EURJPY ANALYSISAfter seeing EURJPY make a retracement after forming a LL on the 4hr we could still see potential move to the downside before the week closes
EURJPY good for buyforming head and shoulser pattern and testing its neckline and made a bullish engulfing in 1hr , it will gave a good move
EURJPY - Bullish TrendEURJPY has started making higher high & higher lows.
Before moving in advancing phase, price has formed bullish divergence & Inverse head & shoulders pattern.
This further indicates buyers are in control.
EUR-JPY Bullish Bias! Buy!
Hello,Traders!
EUR-JPY is trading in an
Uptrend and the pair is
Making a rebound from
The rising support so
We are bullish biased
And we will be expecting
A further move up
Buy!
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Check out other forecasts below too!
EUR/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
We are targeting the 172.379 level area with our short trade on EUR/JPY which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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EURJPY - Bullish Continuation - Daily Fib 0.618 - 0.786 OANDA:EURJPY is looking set to continue the bullish trend on daily timeframe after retracing between Daily 0.618 - 0.786 fib levels. Price is also currently trading at support trend line! Expecting the bullish trend to continue!
EURJPYEURJPY is in bearish trend, as price making lower low and higher lows, there is a divergence on RSI, retracement is possible, trade plan mentioned on the chart.
EURJPY Shooort!This price has been on its bearish momentum since it hit its ATH at 175. Considering that I use chart patterns to trade, I will use a fibo chart to analyse the events going on in there, since the movement has been too volatile and the trends are too steep to make any chart pattern.
Let us wait for the price to hit the 0.5 fibo area, and we can make an entry position from there, based on the candle stick that will close on that area.
EUR/JPY BUY NOWAs you can see the price allready is on the same dynamic support again and the price have reacted to that more than 5 times for a long time, looking for buys for the day traders like me looking for a 1:2 RR and so secure of this position begining of how the market looks in the way the past reactions ocurred in th kind of same way.
Bearish drop?EUR/JPY is rising towards the resistance level which is a pullback resistance that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 172.01
Why we like it:
There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 173.15
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Take profit: 170.30
Why we like it:
There is an overlap support level.
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EURJPY ANALYSISAfter seeing the market close really bearish yesterday on EURJPY and reaching into 170.000 monthly area of support.
Eurjpy good risk to reward / trend Do not follow my trading advice.
here is my plan
If price gets under 169 and stays there I will short this and look for a long from the
163-164 area
for now.
im looking for a long entry in the 169.xx area
looking for a good confirmation candle that the yen sells back off.
but if you look at the JPY basket it self. It may have a little more to go.
its very hard to say. I am very bad with the yen.
this is the trade tho!
EURJPY: Simple Trade Plans UpdateAlike various JPY pairs, the lack of demand for the yen has caused it to weaken significantly over time.
This is because rates remain high across the board in other major economies. There is therefore, little reason to buy Yens when you have the opportunity to invest in currencies with a higher rate of return.
The only thing, realistically, that would bring down JPY pairs is a fast cycle of hiking from the BOJ OR Intervention. Traders already know lots of major economies are looking to ease (Canada, Eurozone, GB).
The BOJ is concerned mostly with the rate of decline/weakness, not necessarily the overall price at this point. Rising above the previous high this quickly may become concerning.
This warrants light shorts, with concise risk management. Buying now, at extreme highs, is never wise.
EURJPY - BuyThe EURJPY pair surprised everyone this morning with a sharp drop, wiping out potential buyers clustered around the key support level of 172.0 This unexpected move might leave some hesitant, but I see it as a buying opportunity.
Downward Correction, Not Reversal:
While the recent drop was significant, it's important to remember the bigger picture. The EURJPY has been trending upwards for a while now. This could be a healthy correction within the uptrend, shaking out weak hands before the climb resumes.
Key Support Still Holding (For Now):
The most encouraging sign is that the price found support around 17.75 and bounced back slightly. If this level holds, it reinforces the bullish trend.
Entry: 170.911
Stop: 170.502
Profit: 172.857
Good luck and always manage risk. I am risking 1% looking for 6%.
EURJPY - Short idea !! Hello traders!
‼️ This is my perspective on EURJPY.
Technical analysis: Price started to form lower lows and lower highs, so I look for short position. I wait price to continue the retracement to fill that huge imbalance higher and then to reject from bearish order block + institutional mid figure 172.500.
Fundamental news: Tomorrow (GMT+3) we have Interest Rate on EUR, news with high impact on currency.
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Finally set up for the day on EURJPYEUR/JPY has shown considerable strength over the past few months, recently breaking an all-time high. However, I am now anticipating a downward move. Last week, on Thursday and Friday, I observed a significant reaction to the news release, which drove the price down. Since Monday, the price has been consolidating, and as of this morning, it has dropped further from its correction phase. Currently, the price action is forming a continuation flag pattern. Based on this analysis, I will place a pending order for this trade.
