eurjpy“So be wise, because the world needs more wisdom, and if you cannot be wise, pretend to be someone who is wise, and then just behave like they would.”
— Neil Gaiman
EURJPY trade ideas
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
Risk Disclaimer
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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
EUR/JPY reach the FAIR VALUE GAP in H1Observing the momentum over an extended timeframe reinforces this viewpoint. Good luck with your trading endeavo
EURJPY ShoortBased on the previous analysis, I do anticipate that this currency will continue with the bearish momentum, so that it can finish the falling flag pattern.
Entry at 161.0, SL at 162.0 and TP at 159
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
EURJPYThe potential sell scenario for the pair next week:
The pair is to be monitored as it approaches the designated sell zones on the chart.
EUR/JPY POSSIBLE SELL OPPORTUNITY!Price broke the support level of 162.334 this is an insight there could be a possible sell opportunity from this asset. We’ll keep a close watch on this pair for a trading opportunity that’ll come up soon
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
EURJPY daily viewEURJPY is running and completing its daily down trend with formation of lower low , am expecting more down move up to the next lower low with good RR ratio short trade
EURJPY BULLISH CONTINUATIONOne of our most Volatile instruments is signaling to us that the mean retracement is almost done... Bulls have joined the markets already. Confirm your entries in H4, and refine from H1.
Risk Management is still crucial as we keep the consistency.
EUR/JPY H12 AnalysisAfter testing and rejecting 162 several times over October, price finally closed below the level during the 3rd week of November.
In the new week, there is potential for price to either retest and reject the level for potential short trades or we may see a retest and continuation upwards if the move lower was a false break
Either way, a retest should give opportunities to trade, if your strategy rules are agreed to.
#010 DCA EURJPY ShortI think I could maximise my margin and potential by entering on another trade that is not correlated (or at least doesn't have any currency that I have already opened with this DCA method.).
Besides taking trades on a pullback, I think I could also maximise the markets 50 50 potential by entering trades on its push wave aka Impulse Wave. Pull wave being Pullback or retracement.
So, here's the plan. I enter on a push for 100 units (0.001 lot / 1 cent SGD) and if price hits my TP, all is good. If price pulls back, and goes into a drawdown, I would enter on the pull wave for 100 units also.
If I enter on both push and pull waves, I have the option to exit on the 1st trade's breakeven, which equates to my 2nd trade taking profit which means I make money on EURJPY.
If I go into a further drawdown, and enter on my 3rd or subsequent positions, I would look to exit at the middle point of all the open positions. The middle point would provide me an opportunity to exit for a breakeven on all my positions. I would also still continue to risk 100 units on all other positions.
I have the option to enter on a bigger lot size, so that I could compensate for all the losses quicker and not have to wait for price to hit the middle point before I could breakeven. But that has its risk.
I could also enter on a bigger lot size and hope to get out for a small profit, but that is even riskier.
I would hope to enter and exit as soon as possible to minimise the stress I have to handle.
2008SGT 22112024
EUR/JPY BULLS ARE STRONG HERE|LONG
Hello, Friends!
EUR/JPY pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 1H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 162.784 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
EURJPY still bearish expectations
EURJPY first analysis we are be highly accurate, here is new view on EJ. Currently what we can see, price is break CHANNEL pattern and EUR is the weakest with many. Here now new bearish push expecting
SUP zone: 164.150
RES zone: 160.400, 159.500
EURJPY SHORT: PMI Data came out lower than expectedEuro slumps to near two-year low as PMI data disappoints.
Eurozone November flash services PMI 49.2 vs 51.6 expected
Trade happened to fast to post beforehand.
