Euro / Japanese Yen

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Euro / Japanese Yen forum

EURJPY Cpi news impact 300 pips

EURJPY potential buy if there is a break above the 61.8%
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EURJPY rejected from 38.2% now just waiting for LL close
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EURJPY just posted a 100 pips sell signal , link below for the set

Idea:EURJPY bears will dominate 100…

EURJPY so bullish. Why so?

EURJPY looking for sells following a rejection from the 38.2% or a break and retest of the 160 level
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EURJPY Last week condition for EJ, TOTALLY SMASHED....
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EURJPY looking for new push to downside
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EURJPY Buy Strategy:
Entry: Look for a bullish reversal signal around the 0.5 Fibonacci level (161.929) or the 0.382 level (161.630932).
Take Profit 1 (TP1): 162.227068 (0.618 Fibonacci level) - approximately 30 pips.
Take Profit 2 (TP2):162.44683 (0.705 Fibonacci level) - approximately 50 pips.
Stop Loss (SL): Below the 0.382 Fibonacci level (161.630932) - approximately 30 pips

Sell Strategy:
Entry: If the price breaks below the 0.382 Fibonacci level (161.630932) with strong bearish momentum.
Take Profit 1 (TP1): 161.000 (psychological level) - approximately 60 pips.
Take Profit 2 (TP2):160.800 (support level) - approximately 80 pips.
Stop Loss (SL): Above the 0.5 Fibonacci level (161.929) - approximately 30 pips.

EURJPY held 200sma on the 4hr… acting like a spoiled brat[as always] i’m taking long positions when market opens!