EURJPY SHORT: PMI Data came out lower than expectedEuro slumps to near two-year low as PMI data disappoints.
Eurozone November flash services PMI 49.2 vs 51.6 expected
Trade happened to fast to post beforehand.
EURJPY trade ideas
EURJPY Possible buy How can I manage risk?
• Use stop-loss to limit losses.
• Do not risk more than 1-2% of capital per trade.
• Only trade with money you can afford to lose.
EURJPY Short: Targeting 158.7The EURJPY pair is showing signs of exhaustion at current levels, with technical indicators suggesting a potential reversal. Negative momentum which is peaking again and declining from the zero level favour short positions. Entry around current market price with a tight stop offer a favorable risk-reward ratio. The target of 158.7 aligns with a previous support level.
EURJPY to find buyers at current swing low?EURJPY - 24h expiry
We are trading at oversold extremes.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Preferred trade is to buy on dips.
The hourly chart technicals suggests further downside before the uptrend returns.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
We look to Buy at 162.20 (stop at 161.18)
Our profit targets will be 164.70 and 164.95
Resistance: 164.90 / 167.40 / 170.90
Support: 162.45 / 159.40 / 154.40
Risk Disclaimer
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EurJpy Trade UpdateI sent out EJ shorts yesteday! Price ended up playing out beautifully. I spoke about pricing coming back down into the daily support where price had flipped structures to the downside. Once price pulled back to confirm the flip that's when we had our clean push to the downside. Solid risk to reward as always. Longs could happen here if price decides to continue ranging. A bit over 7% secured for the week.
Trade idea - EURJPY Long4H time frame
Deceleration box received at entry zone.
Instant market execution Buy.
1.5% risk.
Aiming to take full profit at Daily TP level.
EUR/JPY ShortAfter a long time, I am placing a short trade on EUR/JPY. This is a short position where I’m risking about 5% of my account size on this setup.
The key level I’ve been watching for quite some time is the supply-demand zone at **166.79**, which has been consistently pushing the market towards a sell.
Now, there are two possible scenarios:
1. The market could experience a significant downturn, dropping sharply.
2. Alternatively, the market might enter a sideways zone.
If the market moves sideways, I anticipate it could range between **166.79** and **153.94**. Either way, whether the market sees a sharp decline or consolidates sideways, this setup is designed to remain profitable.
Thank you, everyone! That’s my take on this pair and setup for now.
**Date:** 21/11/2024
Short-term long opportunity EURJPYThe price is showing strong support near the 163.500 level. On the 1-hour timeframe, we can observe a nice bounce off this level. Set your stop-loss (SL) at 163.122 and target your profit at 164.640.
EurJpy Trade IdeaWith EJ coming back down into a daily resistance I decided to short the pair after the retest. Longs ended up stopping me out in profit on the last trade I executed on EJ. With EJ bullish structures being over on both high and lower time frames we could expect price to tap back into 162.3. For now I'm personally targeting a 1:4rr to end my week. We'll see what happens.
EURJPYif the price reaches this supply zone, I will go short for a tp 2. the higher time frames are in a strong down trend which gives me some confidence about this area for shorting this pair in 15 min time frame
EURJPY SHORT 200PIPSKey Levels:
Resistance Zone: Identify a strong resistance level where price shows repeated rejection (e.g., Fibonacci retracement level, previous swing high).
Support Zone: Ensure the 200-pip target aligns with a significant support zone or pivot area.
Indicators:
RSI/Overbought: Look for RSI divergence near overbought levels (>70).
Trend Indicators: Check moving averages (e.g., 50 EMA and 200 EMA crossover) to confirm a bearish bias.
Chart Patterns: Patterns like double tops, head & shoulders, or a trendline break may provide confirmation.
Example Setup:
Entry: Near a resistance zone at 158.50 (example level).
Stop Loss: 50 pips above at 159.00.
Take Profit: Near 156.50 (200-pip range).
2. Fundamental Factors
Monitor:
JPY Fundamentals: Look at Japanese monetary policy or interventions from the Bank of Japan, as they often impact JPY pairs.
EUR Sentiment: Analyze ECB statements, European economic data, or geopolitical news that could weaken the euro.
Risk Management
With a 1:4 risk/reward ratio, this setup is attractive if it aligns with broader trends.
Use position sizing to limit exposure to 1-2% of your trading capital per trade.
EURJPY LONGI look to go long on this pair as higher TF are still very much active on the buy side. Good entry from anywhere around the current price will do with sl below the H1 formation. Fingers crossed
EURJPY bottomed on the 1D MA50. +5.40% upside potential.The EURJPY pair has been trading within a Channel Up pattern since the September 16 Low. Yesterday it made a Higher Low on the 1D MA50 (blue trend-line) and rebounded. This is identical to the post December 07 2023 Channel Up, which was also supported by its 1D MA50 until its very top (July 11 2024).
The 1D RSI sequences between the two fractals are also similar and even more importantly the Channel Up patterns appear to have a high degree of symmetry. So far the two Bullish Legs have risen by +5.40%.
As a result, we are expecting another +5.40% from yesterday's bottom, so our Target is just below it at 170.000.
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EurJpy Trade IdeaEJ seems to be ranging between the daily high and new low. We had price respect the daily low and flip with bearish structures being over at support. I personally decided to take some longs with price breaking and retesting back above the daily resistance. If all goes well we could expect price to tap back into the previous high around 165. Looking for a 1:3rr on this set up. We'll see what happens.
EurJpy Trade Idea I personally just took some shorts on EJ to get the week started ! EJ was in a small range before retesting a level at 165 while still being bearish on the higher time frame. Price not only flipped bearish on the higher time frame but also crashed back below a daily level of resistance. Smaller time frames gave a clean flip at the daily level of resistance with the bullish run after the pullback being over. I'm looking for a 1:3rr on this set up. If all goes well price could tap back into the low at 162.300. We'll see what happens.
EUR/JPY BearishAs you can see, price had tested on level $155.55 twice. it seems going to form double bottom and it did break the neck zone and retest on $163.8 price. It seems perfect trade for LONG entry.
However, the market is losing its steam and bear step in. It gives us 2 strong bear candles closes.
SL @ 165.35
Entry SHORT @ 163.15
TP1 @ 158.70
TP2 @ 155.55
Eurjpy possible sells going to take place right now Follow for more , eurjpy have much potential towards the downside, but as we know our analysis is just their to guide
EURJPY - 4hrs ( Sell Trade Target rage 400 PIP ) 🟢 Pair Name :EUR/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢 Key Technical / Direction ( Short )
———————————
Bearish Break
162.500 Area
Reasons
- Major Turn level
- Visible Range Poc
- Pattern Break
- Strong Low Break
- Day / week low Break
- Choch Area
Bullish Reversal
158.000 Area
Reasons
- Major turn level
- Visible Range Hvn
- Pattern Target
- Fibo Golden
- Major Choch
EURJPY: Long Trading Opportunity
EURJPY
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy EURJPY
Entry Level - 162.69
Sl - 162.07
Tp - 164.05
Our Risk - 1%
Start protection of your profits from lower levels
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EurJpy Trade IdeaI sent out EJ shorts last night and stated how price had flipped bearish on higher time frames before crashing back below the daily resistance. I spoke about price potentially tapping back into the daily low at 162.3. Price ended up playing out beautifully with targets hitting for a 1:3rr. I'm still overall bearish on this pair. Looking to see what happens when price reacts to 163. We can either respect the pullback and go short or range between 162.3 and the daily resistance.
