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JPYEUR trade ideas

Strong Confluence Zone – Is EURJPY Ready to Fly?EURJPY is currently respecting a strong ascending trendline that has acted as dynamic support for several years. Price recently rebounded from both the horizontal support zone and the rising trendline, indicating strong buying interest at this confluence area. Now, the pair is attempting to break above a key resistance zone marked by a descending trendline. A successful breakout above this area could signal a potential continuation of the long-term bullish trend. The RSI is also showing a bullish divergence, which adds confluence to the bullish bias. However, rejection from resistance could trigger a retest of the support zones. Found this helpful? Like & follow us for more high-quality market insights.
Long
by unichartz
EURJPY Weekly Forecast: Triple Bottom Breakout & Bullish Target Overview of the Chart & Market Structure The EUR/JPY daily timeframe chart presents a Triple Bottom Pattern, a powerful bullish reversal formation that suggests a potential shift in market sentiment. This pattern occurs when price tests a key support level three times and fails to break lower, indicating strong buying interest at that zone. Historically, a Triple Bottom leads to a significant trend reversal as sellers lose strength and buyers gain control. If confirmed by a breakout above resistance, this setup could provide a high-probability trading opportunity for swing traders and position traders. Key Chart Components & Price Action Analysis 1. Triple Bottom Formation The three bottoms marked on the chart represent repeated failed attempts by sellers to push the price lower: Bottom 1 (August 2024): The first rejection from the support zone (~155.000) led to a temporary bounce. Bottom 2 (October 2024): Price retested the same level, but buyers stepped in again, preventing a breakdown. Bottom 3 (March 2025): The final test of support confirmed a strong accumulation zone, setting the stage for a potential bullish breakout. In technical analysis, a Triple Bottom is considered a stronger reversal signal than a Double Bottom, as it represents prolonged buying pressure at key levels. 2. Support & Resistance Levels Support Zone (~155.086): This level has been tested multiple times and remains a solid demand zone, where buyers have consistently entered the market. Resistance Zone (~166.000): This level represents the neckline of the pattern, which must be breached to confirm a bullish reversal. Breakout Target (~179.233): If price breaks out above 166.000, the projected target is set at 179.233, based on the height of the Triple Bottom pattern. Trading Strategy & Entry Plan 1. Entry Point – Waiting for Confirmation A buy trade should be initiated ONLY after a confirmed breakout above the resistance level (~166.000). Traders should wait for a daily candle close above this level, preferably with high volume, to confirm the breakout. 2. Stop Loss Placement A stop-loss should be placed below the third bottom (support level) at 155.086 to minimize risk. This placement ensures that if price invalidates the pattern by moving below the support level, the trade is exited early. 3. Profit Target Calculation The measured move technique is applied to estimate the target. The height of the pattern (distance from support to resistance) is projected upward from the breakout point. Target price: 179.233, aligning with historical resistance. 4. Risk-to-Reward Ratio & Position Sizing The risk-to-reward ratio (RRR) for this setup is favorable, making it an attractive swing trade opportunity. Traders should adjust position sizes based on risk tolerance, ensuring proper money management principles are applied. Additional Confirmation Factors 1. Volume Analysis A breakout with increasing volume will confirm strong bullish momentum. Weak volume during breakout could indicate a false breakout, requiring caution. 2. RSI & Momentum Indicators RSI trending above 50 suggests growing bullish strength. Bullish divergence on RSI or MACD would add further confidence to the trade. 3. Retest of Resistance as Support Often, after breaking resistance, price retests the breakout level before moving higher. This could offer a secondary entry opportunity for traders who miss the initial breakout. Potential Risks & Market Conditions to Watch False Breakouts – If price fails to sustain above resistance, the pattern could be invalidated. Macroeconomic Events – Major news events, such as ECB or BOJ policy decisions, could impact EUR/JPY movement. Geopolitical Uncertainty – Unexpected events may cause volatility and deviation from technical patterns. Conclusion – High-Probability Bullish Setup The Triple Bottom Pattern in EUR/JPY is shaping up as a strong bullish reversal setup. If the price successfully breaks above 166.000, a rally toward 179.233 is expected. 📌 Trading Plan Recap: ✅ Entry: Buy above 166.000 (confirmed breakout). ✅ Target: 179.233 (measured move projection). ✅ Stop Loss: 155.086 (below support). ✅ Risk-Reward Ratio: Favorable for swing traders. This setup aligns well with technical and price action strategies, making it an attractive trade idea for the upcoming weeks.
Long
by GoldMasterTrades
EURJPY Confirmed Pennant Pattern BreakoutOANDA:EURJPY Long Opportunity Price has made a Breakout of the Falling Resistance of the Pennant Pattern it has been forming the past couple of weeks. The Breakout meets all the requirements needed to be validated as a True Breakout! With Price trading above the 200 EMA, this adds more confirmation that the Bulls are in-control and we can reasonably expect to see price move to the Upside. At the Start of the Following Hour ( 09:00 CST ), I will enter a Long Position on OANDA:EURJPY with my SL below the Retest of the Break!
Long
by Novi_Fibonacci
4
EURJPY - Expecting The Price To Bounce Higher FurtherH4 - Bullish trend pattern in the form of higher highs, higher lows structure Strong bullish momentum Expecting retraces and further continuation higher until the two key Fibonacci support zones hold. If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 -------------------------------------------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VladimirRibakov
TRADE THE BREAKOUTOur analysis is based on multi-timeframe top-down analysis & fundamental analysis. Based on our view the price will rise to the monthly level. DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you. Please support our analysis with a like or comment! Let’s master the market together. Please share your thoughts and encourage us to do more by liking this idea.
Long
by dkb14246
EURJPY Setup IdeaLooking for a long entry, limit order set.... Here is my logic from left to right: we have an short term "double top" forming inside a higher time frame up trend, I'm looking for a run on the stops of traders going short. We found support at a bullish liquidity pocket (bottom red spot) = Bullish sign Price completed a bullish harmonic (that grey double top structure is a harmonic) = Bullish sign Price gave me entry signal with H1 break of structure (blue zone) = Bullish sign We have equal lows sitting just above the blue line (X's) = Bullish sign My target is the next red zone even though im projecting this pair to go much higher. Earlier this week in my newsletter, I gave two zones to look for buy reactions in for EURJPY. (the huge purple zone on the left, and the bottom red zone within it which currently has a +75 pip reaction.) Feel free to check it out, the link is in my post signature, and profile bio. Cheers 🍻
by elevatedinvestor