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
JPYEUR trade ideas
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.
EURJPY Possible buy How can I manage risk?
• Use stop-loss to limit losses.
• Do not risk more than 1-2% of capital per trade.
• Only trade with money you can afford to lose.
EURJPY Short: Targeting 158.7The EURJPY pair is showing signs of exhaustion at current levels, with technical indicators suggesting a potential reversal. Negative momentum which is peaking again and declining from the zero level favour short positions. Entry around current market price with a tight stop offer a favorable risk-reward ratio. The target of 158.7 aligns with a previous support level.
EURJPY to find buyers at current swing low?EURJPY - 24h expiry
We are trading at oversold extremes.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Preferred trade is to buy on dips.
The hourly chart technicals suggests further downside before the uptrend returns.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
We look to Buy at 162.20 (stop at 161.18)
Our profit targets will be 164.70 and 164.95
Resistance: 164.90 / 167.40 / 170.90
Support: 162.45 / 159.40 / 154.40
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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EurJpy Trade UpdateI sent out EJ shorts yesteday! Price ended up playing out beautifully. I spoke about pricing coming back down into the daily support where price had flipped structures to the downside. Once price pulled back to confirm the flip that's when we had our clean push to the downside. Solid risk to reward as always. Longs could happen here if price decides to continue ranging. A bit over 7% secured for the week.
Trade idea - EURJPY Long4H time frame
Deceleration box received at entry zone.
Instant market execution Buy.
1.5% risk.
Aiming to take full profit at Daily TP level.
EUR/JPY ShortAfter a long time, I am placing a short trade on EUR/JPY. This is a short position where I’m risking about 5% of my account size on this setup.
The key level I’ve been watching for quite some time is the supply-demand zone at **166.79**, which has been consistently pushing the market towards a sell.
Now, there are two possible scenarios:
1. The market could experience a significant downturn, dropping sharply.
2. Alternatively, the market might enter a sideways zone.
If the market moves sideways, I anticipate it could range between **166.79** and **153.94**. Either way, whether the market sees a sharp decline or consolidates sideways, this setup is designed to remain profitable.
Thank you, everyone! That’s my take on this pair and setup for now.
**Date:** 21/11/2024
Short-term long opportunity EURJPYThe price is showing strong support near the 163.500 level. On the 1-hour timeframe, we can observe a nice bounce off this level. Set your stop-loss (SL) at 163.122 and target your profit at 164.640.
EurJpy Trade IdeaWith EJ coming back down into a daily resistance I decided to short the pair after the retest. Longs ended up stopping me out in profit on the last trade I executed on EJ. With EJ bullish structures being over on both high and lower time frames we could expect price to tap back into 162.3. For now I'm personally targeting a 1:4rr to end my week. We'll see what happens.
EURJPYif the price reaches this supply zone, I will go short for a tp 2. the higher time frames are in a strong down trend which gives me some confidence about this area for shorting this pair in 15 min time frame
EURJPY SHORT 200PIPSKey Levels:
Resistance Zone: Identify a strong resistance level where price shows repeated rejection (e.g., Fibonacci retracement level, previous swing high).
Support Zone: Ensure the 200-pip target aligns with a significant support zone or pivot area.
Indicators:
RSI/Overbought: Look for RSI divergence near overbought levels (>70).
Trend Indicators: Check moving averages (e.g., 50 EMA and 200 EMA crossover) to confirm a bearish bias.
Chart Patterns: Patterns like double tops, head & shoulders, or a trendline break may provide confirmation.
Example Setup:
Entry: Near a resistance zone at 158.50 (example level).
Stop Loss: 50 pips above at 159.00.
Take Profit: Near 156.50 (200-pip range).
2. Fundamental Factors
Monitor:
JPY Fundamentals: Look at Japanese monetary policy or interventions from the Bank of Japan, as they often impact JPY pairs.
EUR Sentiment: Analyze ECB statements, European economic data, or geopolitical news that could weaken the euro.
Risk Management
With a 1:4 risk/reward ratio, this setup is attractive if it aligns with broader trends.
Use position sizing to limit exposure to 1-2% of your trading capital per trade.
