EURJPY trade ideas
Eurjpy 1hr chart analysisWhat's popping traders✌️
First I must say this is my favourite pair (after GBPUSD), for one reason. This pair moves the most during after a volatile week, which is good for when you can't trade the Major pairs due to Low liquidity or an upcoming event.
Back to the chart:
We have our Chart for this week with monday already playing out.
On the RED CIRCLE we see a reaction to 4hr supply zone creating a resistance level as well.
BUT THEN, to our surprise, price rebounds back to previous resistance to mitigate supply. This is later taken out by the fresh demand zone (rejection block) and broke structure. With the bullish trend being steep and supported quite well due to the good gains and strength of Euro that's currently not looking weak at all.
So as indicated. We have:
1. FRESH demand zone ,
2. 1hr imbalance
3. Break of structure.
4. Unmitigated supply and imbalance above. IT IS A LONG STRETCH, therefore price needs to keep supporting price to reach the supply and possibly the swing high.
📈I SHARE MOST OF MY CHARTS FOR JOURNAL ACTIVITIES AND BACKTESTING. WHILE SOME WILL FAIL, THE ONES THAT WIN WILL INCREASE THE WINNING PROBABILITY. WHILE THE LOSSES ARE KEPT SAFE ON THE PROFILE FOR FUTURE REFERENCE AND TO BE ABLE TO LEARN FROM OLD FAULTY CHARTS.
EURJPY Still bullish. Continue buying the dips.The EURJPY pair gave us a textbook buy-low-sell-high two-way trade last time we looked at it (March 25, see chart below) and hit both targets:
Right now it may be shifting into a new Channel Up (dashed), diverging slightly from the (blue) long-term one. The 1D MA50 (blue trend-line) has been holding as Support basically since the January 10 bullish break-out, so technically the long-term trend remains bullish.
Our Target is 173.500, the top of the (blue) long-term Channel Up.
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EUR JPYSELL idea
Order block area 169.400
Broken trend line, CHOCH + BOS
Idea short now 169.000 price
TP1 168.200
TP2 167.000
SL 169.400
EUR/JPY BEARS ARE GAINING STRENGTH|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 168.734 area.
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EURJPY DAILY SETUPHello traders here is a setup of EURJPY as you can see the price has been in a bullish form for the past years and months for the EURJPY pair. The price has reached 170.000 for the first time since 2008 so I placed a resistance zone from that year to today, so now I will wait for the price to break this resistance zone and do a pullback then I will look for bullish opportunities.
EUR/JPY Day Trade Setup BearishI notice a head and shoulders pattern forming. I placed my Fib setting correctly from my TWP resources. I check the support and resistance levels and came up with this Bearish trade.
EURJPY Weekly OutlookOn the 15 minute timeframe, price has created Bullish Market structure. Price created a BOS at the level of 169.148 level.
Ideally, i want to see price tap into the 15 minute Bullish OB at the 168.851 - 169.041 Level. Once this happens, i see 2 scenarios that could play out.
1) Price rejects the 15 minute OB and creates a 5 minute CHOCH to the upside. This will give us confirmations to look for potential Buys.
2) Price breaks below the 168.851 level with a body candle close. This would created a 1 hour bearish Change of Character, indicating bearishness. I will look for a break and retest of the failed OB before looking for potential sells on the 5 minute time frame.
ENTRY SIGNAL: BUY EURJPY Conditions:
1. Break and closure above current 30 mins high (169.227)
2. Price remains inside 169.291-169.064 range (fakeout to the bearish side would be a deal sweetener)
ENTRY above 169.227
SL 168.975
TP 170.495
Warning:
1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk.
3. You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
Learn how to trade. See my signature below or visit my profile for more details
EUR/JPY: Bullish Trend Likely to Persist Despite Seller OptimismHello Everyone,
The EUR/JPY exchange rate has remained stable over the past week, so the projection for this week remains unchanged. Sellers are hopeful for a potential retest of the 165-163 area. While this scenario is possible, it is currently unlikely. The bullish outlook has a higher probability of persisting.
TradeWithTheTrend3344
Reversal patterns The market will create deep pullbacks in the market as well as fake choc but will still be on uptrend
DeGRAM | EURJPY breakout of the channelEURJPY broke through the upper boundary of the ascending channel.
The price reached the resistance level and then corrected to the 38.2% retracement level of the last bullish impulse.
The chart maintains the ascending structure.
We expect the growth to continue.
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Share your opinion in the comments, and support the idea with a like. Thanks for your support!
EURJPY SELL | Idea Trading AnalysisThe price has recently reached a strong resistance zone, noting previous sell-offs in that area. It appears that we may see more sideways movement
EURJPY is near the resistance, where price dropped before.
We expect a bearish move from the confluence zone.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURJPY
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
OrdersThe market created a qml a the bottom so it will have to come for internal structure before the long run upwards
EURJPY ShortA great opportunity to short after a break out and previous highs.
Tight stop and good luck
EURJPY ShortA great opportunity to short after a break out and previous highs.
Tight stop and good luck
Could EUR/JPY reverse from here?Price is rising towards the pivot which has been identified as a pullback resistance and could potentially reverse from this level to the 1st support.
Pivot: 169.38
1st Support: 167.36
1st Resistance: 170.70
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:
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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 EURJPY for 100 pipsFind trade parameters below;
Entry 167.927-168.233
Textbook SL 168.261
Final TP 166.989
Drop a comment to let me know if you have picked up a thing or two form my analysis
Warning:
1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk.
You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
Learn how to trade. See my signature below or visit my profile for more details
SHORTING EURJPY with tight SLshort below 168.309
SL 168.315
TP 166.995 (flexible)
Warning:
1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk.
3. You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
Learn how to trade. See my signature below or visit my profile for more details
Pullback EUR/JPY 5-15-24As we continue the pullback into today, this may continue into the next day.
Market sentiment is majority short
Big trend is still bullish
we are in a current pullback, may be possible to add more into your position as it moves in a channel, still awaiting more information as to where a bullish continuation may happen
at the moment, expect more pullback until it arrives near an area of interest
Good Luck
Eurjpy bearish SETUP 2Remember the supply zone we marked out yesterday? Well, price mitigated a fresh supply below the initial one and broke below 168.000
We anticipate price moves further with this new supply zone and target the swing low before with demand zone.
THIS SUPPLY BROKE THROUGH DEMAND AND LEFT FVG+ BOS
Goodluck 🤝
OPPORTUNITY FOR SELL EURJPYWe have these indicators for SELL opportunity:
EURJPY still has the opportunity to grow, but now there is a chance to earn a short time by selling,
We have these indicators for SELL opportunity:
- Reflection from the top of the parallel channel
- Low volume to continue the current direction
- Return/re-test to 1+3 Month high area (min. for TP1)
We define 3 goals:
TP 1 = 80 pips
TP 2 = 200 pips
TP 3 = 400 pips
