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EURJPY trade ideas

Short on EUR/JPY: Analysis and Trading Strategy Dear readers, my name is Andrea Russo, and today I want to share my upcoming short setup on EUR/JPY, based on a combination of technical indicators and market signals. The trade is not yet active, but it will follow the direction indicated by the arrow on the chart. The goal is to take advantage of a potential bearish reversal while maintaining an optimal risk/reward ratio. --- Technical Analysis Wave Trend Breakout (1H): I identified a clear bearish breakout on the Wave Trend in the 1-hour chart. This signal highlights a loss of bullish momentum, suggesting a possible downward move. Overbought on the 4H timeframe: On the 4-hour chart, the price is in an overbought zone. This makes me think that a reversal is imminent, as the market could correct to more sustainable levels. Alligator in a bearish phase (1H and 4H): The Alligator confirms this thesis: on both timeframes, the lines show bearish crossovers and open downward, a typical signal of a developing downward trend. --- Trading Strategy My plan is to enter after a slight pullback following the initial expected drop. This will allow me to enter at the best possible price, optimizing the position. Entry Point: 162.839, after a brief technical rally. Stop Loss: 163.249, placed 50 pips above the entry level to limit risk. Take Profit: 159.047, targeting a key support level with a realistic and well-defined profit target. --- Risk Management For this trade, I’ve set a risk/reward ratio of 1:3: Risk: 0.5% of capital. Potential Return: 1.5% of capital. This setup allows me to keep risk limited while maximizing potential gains. --- Conclusion I’m confident this analysis has identified an interesting opportunity on EUR/JPY. As always, the market may surprise us, but a strict risk management approach and attention to confirmation signals will be crucial for the trade's success. Thank you for reading! Let me know your thoughts in the comments! Andrea Russo
Short
by Andrea_Russo_SwipeUP
Bullish bounce off 50% Fibonacci support?EUR/JPY is falling towards the support level which is an overlap support that is slightly below the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 162.04 Why we like it: There is an overlap support level that is slightly below the 50% Fibonacci retracement. Stop loss: 160.32 Why we like it: There is an overlap support level that lines up with the 50% Fibonacci retracement. Take profit: 164.46 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
EUR/JPY Trading Analysis: Short Buy OpportunityThe current EUR/JPY chart indicates a potential short buy opportunity based on a well-defined trend line analysis. The pair is currently holding above a key support grid, which aligns with previous price action, confirming its strength as a critical level. As per the analysis, the support line is unlikely to break under current market conditions, suggesting a bounce-back scenario. This setup provides a favorable entry point for short-term buying, with the trend line serving as a guide for potential upward movement. Traders should monitor market sentiment and price action closely, ensuring the support line remains intact before executing trades. A break below this level could invalidate the analysis, signaling a need for reassessment.
Short
by Mohammad_Zain01
Bullish bounce off overlap support?EUR/JPY is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance. Pivot: 162.11 1st Support: 160.33 1st Resistance: 164.78 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: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. 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.
Long
by ICmarkets
EURJPYEUR/JPY is respecting a key support level, demonstrating strong buyer interest at this zone. The pair is currently trading within an ascending channel, characterized by a series of higher highs and higher lows, reflecting a sustained bullish trend. Price action suggests that the pair is maintaining its upward momentum, with the channel's boundaries providing dynamic support and resistance. Traders should watch for potential breakout or reversal signals near the channel edges, as well as any confirmation of continued bullish momentum above resistance levels.
Long
by mwananukachabota
1
Still looking to short EURJPYI had the same idea last week, but the bullish move continued. My trade therefore did not trigger and I abandoned the idea. Price is now being held below the 200dma. Exercising the same caution due to low liquidity holiday period, I an looking for a short on the following basis: Risk - 50% of your normal. Entry - below the low of Fri candle (& below the resistance at 164.50). Stop - above the recent high. Target - above the next support at 155.80 If the stop gets hit before I get an entry, I will cancel the order. This is not a trade recommendation, merely my own analysis. If you decide to trade this, you should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Short
by Trading_Vista