EURJPY trade ideas
EUR-JPY Local Short! Sell!
Hello,Traders!
EUR-JPY went a bit but
A strong horizontal
Supply level of 162.500 will
Soon stand on its way up
And after the pair hits
The level we will be
Expecting a pullback
And a move down
Sell!
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EURJPY SELL $$$$
The trend is completely bearish, in this area you can see very nicely that the market has made a strong downward movement and created an acceptable block order, now compare this strong trend with the movement to return to the downward order block area. It is quite clear how much weaker it is than our downward trend that I have specified for you in the blue box. In this area, you just have to wait and wait for the price to collide with the order block and get confirmation in a more stable time frame.
EURJPY to continue in the downward move?EURJPY - 24h expiry
Buying pressure from 159.87 resulted in prices rejecting the dip.
The current move higher is expected to continue.
Short term bias has turned negative.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Further downside is expected although we prefer to sell into rallies close to the 162.85 level.
We look to Sell at 162.85 (stop at 164.05)
Our profit targets will be 159.85 and 154.40
Resistance: 162.45 / 164.90 / 167.40
Support: 159.40 / 154.40 / 151.40
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EUR/JPY - Trade idea dor the upcoming weekWhy did I choose this trade?
Trend Analysis and Bias:
-On the 4-hour (4H) chart, the price is in a downward correction but approaching a significant support area (Buy Zone) near 159.274, where I expect buyers to take control.
-My bias for the upcoming week is bullish, based on the overall market structure and key technical confirmations.
Key Structures and Confirmations:
-Break of Structure (BOS): The price has shown bullish strength by breaking key resistance levels multiple times in the past, confirming that buyers are dominant.
-Change of Character (CHoCH): After forming my Buy Zone, a clear CHoCH upwards occurred, providing another strong signal of buyer strength.
-Liquidity Grab: There is significant liquidity just above my Buy Zone, which has already been filled. This is another strong indication that the price could reverse upward from this zone.
-Fibonacci Confluence: I used the Fibonacci retracement tool to refine my Buy Zone. The Buy Zone aligns with the premium Fibonacci range, adding more confidence to the validity of this level.
Additionally, I always draw Fibonacci from an area of accumulation that leads to a break of structure. In this case, the accumulation area aligns perfectly with the Buy Zone, making it even stronger.
Volume and Imbalance:
The previous strong imbalance candle (IMB) shows that the market might retrace upward to fill this gap, further supporting my bullish outlook.
Psychological and Technical Levels:
The price is approaching the 159.000 level, a psychologically significant number that often acts as a magnet for buyers and sellers.
This level aligns closely with my Buy Zone, increasing the probability of a bullish reversal.
Trade Plan
Entry (Buy):
159.300, slightly above the Buy Zone, to capture the expected bullish reversal.
Stop Loss:
158.800, placed below the Buy Zone and the most recent swing low to avoid potential stop hunts.
Take Profit (TP):
TP1: 161.000 – The nearest resistance level, where price could encounter selling pressure.
TP2: 162.000 – A key resistance zone, ideal if bullish momentum continues strongly.
Why do I anticipate this move?
The Buy Zone is a strong support area, confirmed by Fibonacci confluence, bullish CHoCH, and prior liquidity being filled.
The Fibonacci is drawn from an accumulation zone that led to a structure break, further reinforcing the Buy Zone’s significance.
My bullish bias for the week aligns with these technical confirmations, suggesting that buyers will likely regain control at this level.
A combination of liquidity grab, CHoCH, BOS, and imbalance zones adds additional layers of confidence to this trade idea.
Disclaimer:
This is solely a trading idea based on my personal analysis, knowledge, and thought process. This is NOT financial advice. Please conduct your own research and implement proper risk management. Trading carries significant risks, and you should never risk more than you can afford to lose.
Tilen Safaric
EUR/JPY - Trade idea for the upcoming weekWhy did I choose this trade?
Trend Analysis and Bias:
-On the 4-hour (4H) chart, the price is in a downward correction but approaching a significant support area (Buy Zone) near 159.274, where I expect buyers to take control.
-My bias for the upcoming week is bullish, based on the overall market structure and key technical confirmations.
Key Structures and Confirmations:
-Break of Structure (BOS): The price has shown bullish strength by breaking key resistance levels multiple times in the past, confirming that buyers are dominant.
-Change of Character (CHoCH): After forming my Buy Zone, a clear CHoCH upwards occurred, providing another strong signal of buyer strength.
-Liquidity Grab: There is significant liquidity just above my Buy Zone, which has already been filled. This is another strong indication that the price could reverse upward from this zone.
-Fibonacci Confluence: I used the Fibonacci retracement tool to refine my Buy Zone. The Buy Zone aligns with the premium Fibonacci range, adding more confidence to the validity of this level.
Additionally, I always draw Fibonacci from an area of accumulation that leads to a break of structure. In this case, the accumulation area aligns perfectly with the Buy Zone, making it even stronger.
Volume and Imbalance:
The previous strong imbalance candle (IMB) shows that the market might retrace upward to fill this gap, further supporting my bullish outlook.
Psychological and Technical Levels:
The price is approaching the 159.000 level, a psychologically significant number that often acts as a magnet for buyers and sellers.
This level aligns closely with my Buy Zone, increasing the probability of a bullish reversal.
Trade Plan
Entry (Buy):
159.300, slightly above the Buy Zone, to capture the expected bullish reversal.
Stop Loss:
158.800, placed below the Buy Zone and the most recent swing low to avoid potential stop hunts.
Take Profit (TP):
TP1: 161.000 – The nearest resistance level, where price could encounter selling pressure.
TP2: 162.000 – A key resistance zone, ideal if bullish momentum continues strongly.
Why do I anticipate this move?
The Buy Zone is a strong support area, confirmed by Fibonacci confluence, bullish CHoCH, and prior liquidity being filled.
The Fibonacci is drawn from an accumulation zone that led to a structure break, further reinforcing the Buy Zone’s significance.
My bullish bias for the week aligns with these technical confirmations, suggesting that buyers will likely regain control at this level.
A combination of liquidity grab, CHoCH, BOS, and imbalance zones adds additional layers of confidence to this trade idea.
Disclaimer:
This is solely a trading idea based on my personal analysis, knowledge, and thought process. This is NOT financial advice. Please conduct your own research and implement proper risk management. Trading carries significant risks, and you should never risk more than you can afford to lose.
Tilen Safaric
EURJPY Pattern FormationThis price has been forming a rising flag for the past few years (according to monthly and weekly timeframes) and I do except that the price will continue with the bearish momentum to complete pattern.
An analysis will follow using a shorter time frame to know the entry position.
EURJPY - short
weekly candle looks good.
EJ seems like it's starting a fresh downward trend here. look at the other chart and see. this structure calls for a big short move
origin - looking for price to pull into VA / POC and then sellers to step in. if this happens tomorrow i.e. monday, I will go for delta over avg candle volume.
EUR/JPY at Key Support: Bullish or Bearish?Hello,
FX:EURJPY pair is at a pivotal juncture. Long-term buyers remain confident in the continuation of bullish momentum. Currently, the price signals a potential bearish continuation, with further downside likely if the support level at 160.690 fails to hold. However, if this support proves strong, a rebound to the upside could be expected.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
EURJPY - 2 Overlapping Trades - A Fundamental & Technical LookLet's take both a fundamental & technical look at the EURJPY.
On the fundamental side, after a week full of data, the markets are now expecting a larger than normal interest rate cut on December 12th, while on the other side, the Bank of Japan is expected to give us another (rare) rate hike.
On the technical side, we have 2 potential setups occurring in the same location. One in form of a 2618 (which is a retest of a double bottom), and the other being a potential bullish Cypher pattern.
Hope you found value in this video. if you did please show your love in the comment section and by SMASHING that like button.
If you have any questions or want to share your views it's much appreciated, so I encourage that you do so below.
Akil
Price Action Analysis - EUR/JPY Weekly Chart- Result: BearishHi Traders,
The current trend seems slowly forming head and shoulders pattern. Will it play out? Yes, it will if the price is break below $155 zone.
The price is respecting the major trendline since 2012 which was the first touched, followed by second touched in 2020. Will the third touch happen? who knows. If it destined to touch the third time, maybe around $135 - $140 Zone.
Let's open discussion and hear your voice.
Thanks,
Red Panda Trader