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Japanese Yen/Euro

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JPYEUR trade ideas

EUR/JPY May Rise#trading_idea 💡 💸Pay Attention to #EURJPY ! On the 1H chart, you can see an Ascending Flag pattern forming. The Stochastic is in the overbought zone, yet still suggests potential upward movement. Meanwhile, the price trading above the MA(20) also bodes well for further growth. 🔼 If the price stays above key level 167.579, a rise towards resistance 168.035 or 168.623 is possible. 🔽Overwise the price may slide to support at 167.167. ✔️ Click "👍" if you think the price will rise and "👎" if you think it will slide.
Long
by sabiotrade
EURJPY TRADE IDEAHey Traders, Here's a detailed look at my EURJPY setup on the 15-minute chart. Market Context: The pair has been moving sideways after a significant drop, suggesting potential accumulation before another move. Key Levels: Resistance Zone: 167.234 - This is a critical resistance level where the price has previously turned down. Support Zone: 166.362 - This marks the low of the recent consolidation area, providing a solid base for potential long entries. Volume Analysis: Notice the spike in volume around 03:00, indicating strong participation and interest at these price levels. The subsequent candles show a decrease in volume, suggesting that the aggressive selling might be slowing down. Trade Setup: Entry: I am looking for a long entry around 166.362, the bottom of the consolidation zone. This area also coincides with a demand zone (highlighted in grey). Stop Loss: Below the demand zone, around 166.293. This gives a tight stop to manage risk effectively. Take Profit: The initial target is set at the resistance zone of 167.234, aligning with the previous high. This gives a good risk-reward ratio. Rationale: The market structure shows a potential reversal pattern forming, with the price respecting the demand zone. The volume profile supports the idea of accumulation at these levels. The risk-reward ratio is favorable, making this a high-probability setup. I'll be monitoring the price action closely to see if it aligns with my expectations. Always remember to manage your risk and trade responsibly. Happy Trading!
Long
by KaizenOnCharts
EURJPY - buy to sell setup?There is some glitch and previous 2 posts shall be deleted as soon as possible. Okay, onto the EJ - As price finally dropped down to the daily buy zone, while breaking the structures with a big drop and creating it's own ITR, I am bearish on EJ but before that I am looking for buys prior to sells. That would make sense, knowing that liquidity can come into the market from higher buy/sell zones and price is increasing from the daily buy zone. Lets's watch it closely as the setup seems great!
Long
by Tilen_FX
Buy EUR/JPY Head & Shoulder PatternThe EUR/JPY pair on the M30 timeframe presents a potential Buying opportunity due to formation Head & Shoulder pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 167.12. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 169.38 2nd Support – 171.10 Stop-Loss: To manage risk, place a stop-loss order below 164.60. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
4
short EURJPY Analysis: 1. Supply Zone: We identified a key supply zone at the top of the chart, where sellers were expected to enter the market. 2. Early Sellers: As price approached the supply zone, some sellers entered early, causing a brief pullback then market reversed hitting stop losses and break evens. 3. Breakout Trap: Price then broke above the supply zone, likely triggering many buy orders and stop losses. However, this move proved to be a trap for breakout buyers. 4. Fakeout: The breakout was quickly reversed, creating a fakeout scenario. This is a common occurrence in forex, where price briefly pierces a key level before reversing. 5. True Sellers: The actual strong selling pressure came in after the fakeout, as indicated on the chart. This is where the "smart money" likely entered their short positions. 6. Current Situation: Price has now fallen significantly from the supply zone, trapping breakout buyers and potentially offering good short opportunities for those who recognized the fakeout. Key Takeaways: - Always be cautious of breakouts, especially near strong supply/demand zones. - Fakeouts can offer excellent entry points if identified correctly. - Volume and price action around key levels can provide valuable insights into market intentions.
Short
by KaizenOnCharts
EURJPY Possible Short Position BBMA OA Zone Zero Loss4H - Re-Entry 1H - 50 EMA Rejection + Bollinger Band Rejection 15m - Entry in MAHI Note: * Cancel trade or cut-loss when candle close Above MAHI (2 Grenn Color Lines) in 4H * 1:3 RRR * TAYOR A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
Short
by GreggiBond