EURJPYChanged my my mind on an earlier trade and I paid the most price , losing 1% of the account , I am now looking to focus on EURJPY for the week. I am only looking to sell as the trend is bearish unless I see otherwise.
EURJPY trade ideas
EURJPY_bias short Bearish indications:
Trend line support broken
Support broken at 158.385
Bearish flag formation.
Bearish divergence in 4 hr time frame.
Double top formation in 4 hr .
LLLH.
Trade plan bias short @ 158.110
SL:158.565
TP1:157.592
TP2:157.137
EURJPY | 4 HOUR TIMEFRAME | TECHNICAL CHART Hello guys, I made FX:EURJPY analysis for you. Please support me by pressing the like button on my analysis.
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EUR/JPY 1H Timeframe AnalysisNZD/JPY Signal Type: Buy Stop
Entry: 88.020
Stop Loss: 87.480
Take Profit: 89.840
Risk: 1%
Trend Overview:
Currently, on the 1-hour timeframe, EUR/JPY is in a short-term downtrend.
The price initially broke through the minor key support level at 158.000, continuing to the downside.
However, sellers lost momentum as the price reached the next key minor support level, signaling a weakening of the downtrend.
Price Action Expectation:
At the next support zone, a double top-bottom pattern developed, followed by a bullish engulfing candle, indicating a potential price reversal from bearish to bullish.
The price then broke through key resistance and established higher highs and higher lows, suggesting a shift in market structure.
This price movement indicates the beginning of a Change of Character (CHoC), where the market changes its trend from bearish to bullish.
The price is now accumulating buying orders, signaling a period of consolidation before a possible breakout.
Liquidity Grab / Manipulation Stage:
As part of the liquidity grab or manipulation stage, the price is expected to break below the current support level temporarily.
This break could trigger stop-losses from earlier buyers, who may have entered too soon, before price moves back in the bullish direction.
Once the price retests the support zone and breaks back above it, the uptrend should resume.
EURJPY WAVE ANALYSIS ELLIOT & NEOWAVEEntry: 159.645
Stop Loss: 160.860
Take Profit: 155.870
Do not risk more than 2-3% of total capital and stick to money management
This is a suggestion for further consideration
Bearish reversal off 50% Fibonacci resistance?EUR/JPY is rising towards the resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 160.40
Why we like it:
There is an overlap resistance level that lines up with the 50% Fibonacci retraecment.
Stop loss: 161.95
Why we like it:
There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement.
Take profit: 157.93
Why we like it:
There is an overlap support level.
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Heading into 50% Fibonacci resistance?EUR/JPY is rising towards the pivot and could reverse to the 1st support which acts as an overlap support.
Pivot: 160.59
1st Support: 157.98
1st Resistance: 162.16
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EURJPY setting up for a shortWatch for that support area as indicated by the trendline. This thing likely is breaking to the down side.
Chart pattern shows that setup will have a somewhat chance of playing out this way, with a few bounces off the support and then breaking, as liquidity floods in later in the london/NY session
EURJPY BUY SETUPPrice closed strong above structure ion the daily. Looking for the pull back or retest to take the next wave up! Yen index is now making a bearish move...
IDEA EURJPY LONG POSITION HI TRADERS
Pair : EURJPY
Position : LONG( BUY )
Entry Price :159.400
STOP LOSS @ 159.000
TP 1 @159.800
TP 2 @160.200
TP 3 @160.600( Trailing SL )
EURJPY long idea !Used Fibonacci Retracement on daily graph, saw a good support on 78.6. It broke the last lower high and created new higher high. Therefore, if it pulls back to 61.8 area on 4hr chart, I ,ight go long. Risk and Reward 1:3.5
High probability for a bullish move on EURJPYAfter a clear breakout of an obvious daily level, we expect a minor retracement before the bullish move.
Long Japanese Yen?!The Japanese Yen is showing strength. I expect one of these pairs (NZD/JPY, AUD/JPY, EUR/JPY, GBP/JPY) to reach its September low as the first target. USD/JPY, however, is too far from that level, so I wouldn't consider entering a trade on that pair.
There is a possibility of a retracement, which is why I’ve split the risk across different pairs in case one of them retraces significantly
EURJPYEURJPY looking to lead the way on the upcoming fall.
I think this is the chart I am going to follow the whole week.
Further updates to follow if price fills me in . Waiting patiently in case price decides to move opposite of the plan.
#EURJPY 4HEURJPY 4-Hour Analysis
The EURJPY pair is trading near a key support level on the 4-hour chart, a zone where buyers have previously stepped in to push prices higher. This support area presents a potential buying opportunity if the price shows signs of holding above this level.
Technical Outlook:
Pattern: Support
Forecast: Bullish (Buy Opportunity)
Entry Strategy: Enter a buy position near the support level, confirming with bullish price action.
Traders should look for confirmation such as bullish candlestick patterns (e.g., bullish engulfing or pin bar) or indicators like RSI signaling oversold conditions. Proper risk management is essential, with stop-loss orders placed below the support level and profit targets set at the next resistance zone.
EURJPYTrade idea .
Still following the trend .It may be a swing trade. My hope is that price takes out the previous week High , I will be looking only to sell if and look to scale in . I could even scalp those sells , but the EURJPY is volatile and turns to mostly spike after price has manipulated . I am looking for price to fill the previous week candle and maybe create a new low.
ii trade the SMC concept in line with price action and some modifications i have added to my strategy over the years .
EURJPYThe potential sell scenario for the pair this week:
A strong opportunity to sell EURJPY from the current levels.
EURJPY Buy Pending PP ConfirmationHello,
FX:EURJPY remains a buy; however, confirmation from the pivot point (PP) is still required along the way.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
ROADMAP!Hello traders. EURJPY is on a temporary uptrend. it will accumulate the orders and will go up. after this uptrend market will fall. be happy (wink)
Extreme Bullish EUR/JPY1. Swing Low Zone is tested with 3 times which makes this zone extremely strong. It's very unlikely break out this zone.
2. 3rd touch on Swing Low Zone has formed Morning Star Pattern candles which indicates the down trend is finished. The bulls is entering the market.
3. Sto-RSI indicates strong buy as well.
Note: Waiting for the trend to react on downtrend white line. Most likely the trend will break out this white trendline because the Morning Star Candles (Reversal Candles) are printed if the candle is valid. If not, we will see the bounce to the downside.
This entry is based on 1 hour time frame.
Entry $159.009
SL $158.20
TP 1 & TP2 (TP not set yet because waiting for reaction of the trend to the white trendline.)
