EURJPY trade ideas
Pullback: EURJPY Short Using My RSAI Blueprint StrategyIn this video, I'll be discussing a potential short position on EURJPY using my effective RSAI Blueprint strategy. This trade aims for a 100 pip gain during a pullback before EURJPY resumes its upward trend, showcasing the strategy's precision in capturing short-term opportunities within larger movements.
I’ll walk you through my analysis and the factors influencing my decision to short EURJPY. You'll see how the RSAI Blueprint strategy identifies key indicators that signal profitable pullback trades.
Join me as I break down the specifics of this potential trade, demonstrating how the RSAI Blueprint strategy can consistently capture winning trades even during market pullbacks. Don't forget to like, comment, and subscribe for more insights and updates on profitable trading strategies.
EUR-JPY Local Bullish Bias! Buy!
Hello,Traders!
EUR-JPY is trading in an
Uptrend and the pair
Already made a bullish
Rebound from the horizontal
Support of 170.730 and as
We are bullish biased we
Will be expecting a further
Bullish continuation
Buy!
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Check out other forecasts below too!
EURJPY SHORT - Long the strong, short the weak.Hi all,
This week I am sharing my play on EURJPY.
With JPYBASKET showing both accumulation and some weakness (another liquidity grab today), with Japan Bank saying - increasing interest rates is an option now, with strong long positions on JPY by commercial banks and short positions advantage on EUR, the EURJPY pair is my safest pair to trade this week.
I am both managing a major short there and scalping the range to the downside.
I am expecting return to 168.1 - 168.2 area at minimum!
Good luck and play safe!
EURJPY: Short Signal Explained
EURJPY
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short EURJPY
Entry Point - 170.82
Stop Loss - 171.51
Take Profit - 169.73
Our Risk - 1%
Start protection of your profits from lower levels
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EUR/JPY SELLThe short-term outlook for the EUR/JPY currency pair is positive, although the overbought technical condition may indicate a correction. Fundamental factors such as ECB and BOJ policy and economic data continue to have a significant impact on the exchange rate. It is worth keeping an eye on the upcoming ECB and BOJ decisions, as well as global economic news that may affect the exchange rate.
The support level shown in the picture is the ATH level. I'm waiting for a boost now.
EUR/JPY may fall 57 - 85 pipsOur pivot point is at 171.61.
Our preference
The downside prevails as long as 171.61 is resistance.
Alternative scenario
The upside breakout of 171.61, would call for 172.09 and 172.37.
Comment
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 171.16 and 171.22).
Supports and resistances
172.37 **
172.09 *
171.61 **
171.42
171.13 last
170.56
170.28 **
169.99 *
169.71 **
Number of asterisks represents the strength of support and resistance levels.
EURJPYThe trend of this asset is clearly bullish, so this trade needs to use small lots.
If during monday the pair has not gone a little higher to pick the sell order I´ll remove it.
Blessings.
thks.
EURJPY ANALYSISEURJPY closed at 171.250 yesterday and the 4hr made a HH and the pair is currently in a retracement and we could expect a HL to form in the confluence area listed in the video
Week 26 OutlookGold
- Short bias
- Premium zone
- No interest in Gold today
EJ
- Long bias
- Premium zone
- No interest in EJ today
Today is Monday and on Monday's we don't trade. A strike rate of 20% on my trading plan on Monday's so we're keeping it short today.
EURJPY: The Bullish Trend Is IntactEURJPY: The Bullish Trend Is Intact
EURJPY: Bullish trend intact
From our previous analysis, EURJPY rose as expected and reached all three targets.
So far, the price is above a strong structure zone and the chances are that it will continue and go higher.
Everything is related to BOJ.
They are not taking any further steps on their currency.
They did not change the interest rate during the last meeting.
On the other hand, they have already stopped the foreign exchange intervention in the market, thus leaving the JPY at the mercy of fate.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
EURJPYSupport: The key support levels to watch are around 128.00 and 127.00. These levels have held as support during recent pullbacks.
Resistance: Immediate resistance is seen around 130.00. A break above this level could indicate a potential bullish reversal.
200-day Moving Average: EURJPY is below the 200-day MA, indicating a bearish long-term sentiment.
50-day Moving Average: The 50-day MA is below the 200-day MA, confirming the bearish bias.
The RSI is around 45, suggesting neutral to slightly bearish momentum. It's not oversold or overbought, indicating potential for further consolidation.
Head and Shoulders Pattern: There are indications of a potential head and shoulders pattern forming on the daily chart, with the neckline around 128.00. A break below this neckline could signal further downside.
Short-term: Traders might consider short-term sell trades on rallies towards resistance levels (e.g., around 130.00) with targets at key support levels.
Long-term: For investors looking at longer-term positions, waiting for a clearer bullish signal such as a break above the 200-day MA or a significant support confirmation might be prudent.
Monitor economic data releases from both the Eurozone and Japan, as well as broader market sentiment and geopolitical developments, which can influence the EURJPY exchange rate.
EURJPY is currently in a bearish phase with potential for further downside, though it is consolidating in the short term. Traders should watch key support and resistance levels, as well as broader market factors, to assess the next directional move.
Always consider using risk management strategies and conducting your own analysis or consulting with a financial advisor before making trading decisions.
EURJPY LONG IDEA FOR THE NEW WEEK EURJPY saw a really bullish close from last weeks trading and we could expect that momentum to continue for the early parts of this week following the break of the daily area of structure resistance.
EURJPY Anticipations as we approach ATHEURJPY have been in a strong bullish trend in recent days and very close at the ATH of the pair, Price action at the all time high will determine if there will be bullish continuation or bearish reversal. stay around as we watch. am not expecting much pull back this week market open, am expecting bullish continuation and have possible bullish continuation setup in LTF.
EURJPYAnticipating EJ to retrace to the 5m FVG after taking out the 4h buyside liquidity. A buy from 170.169 targeting the buyside liquidity residing above 171.587.
EURJPY (24 June 2024)Long opportunities are still possible as long as there is no setup that displays the Liquidty Injection formation.
