Market Overview Part 30!Me Going Over My Full Strategy In deep Detail And Trades That Im Currently In As Well!
JPYEUR trade ideas
EURJPY: HTF CURVE ANALYSIS (12D) - DOWNTREND✨ EURJPY: HTF CURVE ANALYSIS (12D) ✨ (DOWNTREND)
SLO3 @ 172.50 ⏳
SLO2 @ 172.153 ⏳
SLO1 @ 171.05 - TRIGGERED
SSO @ 169.05 ⏳
SSO2 @ 165.528 ⏳
TP1 @ 152.915
TP1a @ 145.15 (secret TP)
TP2 @ 134.509
TP3 @ 122.449
BLO1 @ 119.552 ⏳
BLO2 @ 112.516 ⏳
🔑
BLO = BUY LIMIT ORDER
HTF = HIGH TIME FRAME
SLO = SELL LIMIT ORDER
SSO = SELL STOP ORDER
TP = TAKE PROFIT
NOTE: I believe I've got confirmation on the turn I've been anticipating on this pair. Time to see if the analysis will reveal the same. This is a long term trade that should be treated as a wealth opportunity. There will be little to no updates on this for at least a year, barring a nice black swan event or something to move the market drastically in our favor. Let's see what happens.
Long-term time frames (1 week to 1 year):
— Shows the big picture, revealing major trends and economic factors.
— Less volatile, price movements are slower and smoother.
— Suitable for long-term trend trading and position trading.
— Requires less frequent monitoring but may offer fewer trading opportunities.
EURJPY ANALYSISAfter seeing a massive drop for the week and still pushing to the downside we could see EURJPY continue to the downside as no sign of any major retracement yet and a view into the monthly and weekly view shows signs of more downward move
EURJPY Long Position: A Strategic Approach with Promising UpsideIntroduction: In the complex world of Forex trading, one of the most intriguing currency pairs to consider is the EUR/JPY. As a Smart Assistant, I am here to provide you with a compelling argument as to why going long on EUR/JPY might be a lucrative trade opportunity. While it's important to conduct thorough research and analysis before making any trading decisions, let's explore some key factors that make EUR/JPY an appealing choice for a long position.
Divergence in Monetary Policies: The European Central Bank (ECB) and the Bank of Japan (BOJ) have followed distinctly different paths when it comes to monetary policy. The ECB has been adopting a more accommodative stance, with low interest rates and quantitative easing measures, aimed at stimulating economic growth. On the other hand, the BOJ has pursued a more cautious approach, maintaining ultra-low interest rates and implementing yield curve control to manage the yield on Japanese government bonds. This divergence creates potential opportunities for traders, as it can lead to significant fluctuations in the EUR/JPY exchange rate.
Economic Indicators: It's crucial to closely monitor economic indicators to gauge the health of the respective economies. By analyzing key indicators such as GDP growth, inflation rates, unemployment rates, and consumer sentiment, traders can gain insights into the overall economic performance of the eurozone and Japan. Positive economic data in either region can serve as a catalyst for a strengthening currency, thereby providing an opportunity for traders to go long on EUR/JPY.
Geopolitical Factors: Geopolitical events can have a profound impact on currency pairs. As the eurozone and Japan are major global players, developments such as trade disputes, political instability, or changes in regulations can significantly affect the EUR/JPY exchange rate. Traders who carefully analyze geopolitical factors and their potential impact on the currency pair can capitalize on market volatility and potentially profit from long positions.
Technical Analysis: Technical analysis is an essential tool for Forex traders. By studying historical price patterns, chart formations, and utilizing various technical indicators, traders can identify potential entry and exit points. Combining technical analysis with fundamental analysis can provide a more comprehensive view of the market, aiding in making informed decisions when going long on EUR/JPY.
Conclusion: While no trade comes without risks, going long on EUR/JPY offers potential opportunities for profit. Factors such as divergence in monetary policies, economic indicators, geopolitical events, and technical analysis can contribute to the attractiveness of this trade. However, it's crucial to remember that successful trading requires proper risk management, discipline, and continuous learning. As always, it is advisable to consult with a financial advisor or conduct thorough research before making any trading decisions.
Scalping for 5 pipsBased on my analysis, if price closes below 166.315 , scalping for 5 pips. Price should prove to have enough momentum to push a little further! OANDA:EURJPY
What will EURJPY do ?, 4hrWe have been having a lot of buying momentum on EURJPY for the past few weeks. The weak Yen gave Euro enough strength to push up and make new highs. We can expect more buying momentum from EURJPY as it has been consistent in being a long term bullish pair.
But when something goes up eventually it will go down. With the strong bullish momentum the market needed to breath and make a correction before the impulse movement can happen again. Last week EURJPY fell very hard to the support zone of the uptrend. Price action says we are going to buy but all eyes on EURJPY on its next move because anything can happen.
EURJPY Bearish Outlook Technical Factors
Chart Patterns: Bearish chart patterns such as head and shoulders, double tops, or descending triangles can signal potential downside in EURJPY.
Technical Indicators: Overbought conditions on oscillators like RSI or Stochastic can indicate a potential reversal. Conversely, bearish divergences between price and indicators can also be a bearish sign.
Support and Resistance Levels: Breaking below key support levels can confirm a bearish trend, while resistance levels can act as potential targets for short positions.
Risk Management
It's crucial to remember that no trade is guaranteed to be profitable. Implementing a robust risk management strategy is essential. This includes:
Stop-Loss Orders: To limit potential losses
Take-Profit Orders: To secure profits
Position Sizing: To manage overall risk exposure
Disclaimer: This information is intended for educational purposes only and does not constitute financial advice. Trading involves risk.
Would you like to explore specific technical indicators or chart patterns in more detail? Or perhaps you're interested in discussing potential entry and exit points for a short EURJPY position?
EUR/JPY At Old Support Now , You Think It Will Go Up ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EURJPY Trading Journal EURJPY Trading Journal
July 23
Price is delivering to discount market on the daily range. I still thing this pair is still a Premium market and my bias is bullish. Price is in a deep discount on the hourly and its likely to see that Price would gravitate to the 50% 171.501 for the weeks high target.
I suspect that Price could lower to the sell stops 167.516 level before potentially seeking the 50% equilibrium for the weeks high target.
EURJPY ANALYSISAfter seeing a massive drop on EURJPY yesterday we could expect the momentum to continue but a slight pull back to broken areas of support for that confirmation would be wise
EUR JPY BUYCurrently long on the bullish price action at the significant level marked on the chart. You can see resistance is now acting at support at a 50% retracement level.
Sell EURJPYprice already broke the trendline and is heading downwards, it's currently oversold on the support so i expect the support to hold for a while before price breaks the support and then we'll have a clear sell signal
EURJPY ANALYSIS After seeing EURJPY retracement from yesterday, we could see a sell off into 170.000 as the weekly has seen rejections at that area before
Is EURJPY going to turn around? the week of 22 July, 2024Many of us never realized that the current bull run in this pair began more than 4 years ago. Is anything going to change soon? I don’t think so, not until the recent low at 167.520 is convincingly taken out.
At this time, my bias is therefore bullish and I am only looking for the conclusion of the current pullback. Once that is established, I will be looking to take an entry long. Price is finding support at the 50ema and Ichimoku holds a bullish view as well.
This is not a trade recommendation, it is just my analysis.
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 if/when you trade.
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EURJPY - Potential long !!Hello traders!
‼️ This is my perspective on EURJPY.
Technical analysis: We are bullish and price rejected from trendline + LZ, as well we have hidden divergence. On H4 we have regular divergence, so I wait price to break the structure for a long position.
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Eurjpy Bullish reversal The Bulls injected more Buy orders @170.342 to Fuel the price back again on its bullish trajectory making that zone a valid demand order block as the price ran through that zone making it a valid order block so currently taking 1st on supply order block @172.386 this Tp is for moderate traders for aggressive traders we can expect a slight reversal.
EURJPY: Long Signal Explained
EURJPY
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy EURJPY
Entry Level - 170.66
Sl - 169.46
Tp - 172.75
Our Risk - 1%
Start protection of your profits from lower levels
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EURJPY Looong!Following the breakout at the 0.5 fib level, as analysed in the previous post, it retested and the bullish momentum continued.
My entry point is at 171.9, target is at 174.4 and SL at 171.1
My R:R target is 1:3
EURJPY at Fibonacci 0.618Overall, the price is in a bearish trend. We anticipate that there is still potential for the price to decline further.
TP: 169.905 (+2)
SL: 172.155 (75 pips)
EURJPY WEEKLY After seeing a rejection of the 170.000 last week and the weekly closing really bearish we could expect the selling momentum to continue
Market Overview Part 28Trade Lord Going Over The Robin Trap Strategy On How And When To Get In A Trade And Live Examples
EURJPY Will Continue Its Upward TrendEURJPY has reached the weekly fair value gap. The price grabbed the liquidity in the 4-hour timeframe and showed signs of reversal.
On Friday, the price moved back into the 4-hour order block and surpassed the low of the 2-hour candle range before closing back in the range. This has established a new bullish order block and there is potential for it to trigger a move to surpass the high of the 2-hour candle range.
