EURJPY potential sell setup.Here at Burnt Candle, we are bearish on EURJPY, we are currently waiting to end the current trend and look for selling opportunities.
JPYEUR trade ideas
Short EUR/JPYMy Trade Idea:
I'm looking to capitalize on supply and demand zones in the EUR/JPY market.
Supply Zone: I've identified a strong supply zone around 163.580. This area saw a lot of selling pressure in the past, and I expect the price to encounter resistance here again.
Demand Zone: Below that, I've marked a demand zone that saw strong buying pressure previously, and I expect the price to find support here.
Entry Strategy:
Short Entry: If the price approaches or breaks below the supply zone at 162.330, I'll initiate a short position.
Take Profit Target:
My take profit target is set at 161.434. This level represents a significant price move from my entry point and offers a good reward-to-risk ratio.
Stop-Loss:
For Short Entry: I'll place my stop-loss above the supply zone at 163.960. This limits my potential losses if the price moves against my position.
Timeframe:
I'm analyzing this on a 4-hour chart.
Risk Management:
I'll strictly adhere to my stop-loss orders.
Next Steps:
I'll monitor the market closely and wait for the price to approach my entry points. I'll also keep an eye on any news or events that could impact the EUR/JPY pair.
Disclaimer:
Trading involves risks, and past performance is not indicative of future results. I've carefully considered my risk tolerance and will only trade with capital I can afford to lose.
Let me know if you'd like to discuss any specific aspects of your strategy in more detail!
EUR/JPY "The Yuppy" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the EUR/JPY "The Yuppy" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📈 : You can enter a trade at any point,
however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low level should be in retest.
Stop Loss 🛑: Using the 4H period, the recent / nearest low or high level.
Goal 🎯: 166.500
Scalpers, take note : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
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EURJPY LOOKS BEARISH Hi people
I can see seller interest on the market, Possible some sellers will
Hit the market this week
For me is sell
Lets see what happens
Best of luck
EUR_JPY WILL GROW|LONG|
✅EUR_JPY is already making
A bullish rebound from the
Horizontal support level
Of 162.500 while trading
In an uptrend so we are
Bullish biased and we will
Be expecting a further
Bullish move up
LONG🚀
✅Like and subscribe to never miss a new idea!✅
EUR/JPY Targets 170.505 ResistanceHello,
FX:EURJPY is poised for further upward movement, with strong one-year resistance at 170.505. We can expect price action to gravitate toward this level!
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
EUR-JPY Will Go UP! Buy!
Hello,Traders!
EUR-JPY is trading in an
Uptrend and the pair made
A breakout of the key
Horizontal level of 162.230
Then made a pullback and
A retest and is going up again
Now so we are bullish biased
And we will be expecting a
Further bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
EURJPY Under Pressure! SELL!
My dear friends,
Please, find my technical outlook for EURJPY below:
The price is coiling around a solid key level - 163.20
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 161.54
Safe Stop Loss - 164.03
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK
EURJPY: Significant Breakout and Bullish PerspectiveThe EURJPY pair has successfully broken and closed above a key horizontal resistance on the intraday chart.
The highlighted blue zone represents the neckline of a cup and handle pattern, signaling a potential bullish continuation.
This breakout could pave the way for further upside, with targets set at 163.64 and 164.47.
Traders may view the broken resistance level as a potential entry point for long positions.
Falling towards overlap support?EUR/JPY is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 162.11
1st Support: 160.37
1st Resistance: 164.43
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
buy ... EUR/JPYthis is for my practice only.
I will be watching this pair carefully and see how it will move
EURJPY MARKET ANALYSIS AND PRICE PREDICTIONEURJPY, has finished consolidation at the Institutional Renegotiation zone, at 79% Discount Price. Decision has been taken in favor of the Bulls, Price has already broken the renegotiation trend line with a shift candle. Another order has taken place already. Price will retrace a bit to mitigate the order block and give the Bulls a perfect entry at 61.6% discount price. First Target is the Renegotiation resistance To sweep the buyside liquidity, and there will be a liquidity run from there to mitigated the unmitigated order block ahead as the second target. I believe this is the move we will see next week.
Entry, Take Profit 1 &2 and Stop Loss are clearly marked on the Chat.
GOOD LUCK GUYS!
EURJPY: Important Breakout & Bullish OutlookThe EURJPY pair successfully broke and closed above a strong horizontal resistance on the an intraday chart.
The highlighted blue area also marks the neckline of a cup and handle pattern, indicating a potential bullish trend.
This violation could lead to further price increases, with the next targets being 163.64 and 164.47.
Traders looking to enter the market should consider the broken resistance as a potential entry point.
Planning EURJPY IF there's a news spike. The JPY interest rates come out soon and this might cause a big move in the Yen.
Yen is on major supports and my bias has started to turn from always bearish (via long USDJPY) to feeling rather, potentially, bullish on the Yen.
Something I'd love to see for a trade entry would be a massive move into the resistance levels on the news. Maybe some bad news for JPY and JPY crashes.
That's the sort of thing that usually happens in currency reversals.
I don't have any positions on in Yen trades heading into the news. It's too much of a punt. But I plan to be active after it. Following a Yen rally or fading a crash if it hits my predetermined levels.
It's possible JPY could make a low in the crash move it has been in. While this is still very much contingent on what happens at support, the amount of money that could be made in XXXJPY shorts if this did happen is so extreme it seem wise to plan for it. Just in case.
EURJPY: TECHNICAL PROFESSIONALISM IS COMBINED WITH PATIENCELets be mindful of how we apply the use of SUPPORT AND RESISTANCE, for it holds 90% secret of the market directions
EURJPY Wave Analysis 19 December 2024
- EURJPY broke resistance zone
- Likely to rise to resistance level 165.00
EURJPY currency pair recently broke the resistance zone located between the key resistance level 162.00 (which stopped the previous minor wave 2) and the 50% Fibonacci correction of the downward impulse 1 from October.
The breakout of this resistance zone accelerated added to the bullish pressure on this currency pair.
EURJPY currency pair can be expected to rise further to the next resistance level 165.00 (which reversed the price multiple times in November).
EUR/JPY restructure into an ascending channelHi guys, we will be looking again in the EUR/JPY Pair as it has broken it's structure quite heavily compared to my previous analysis. Currently we have two options because the pair has dropped towards the lower support level, which we find big amount of support coming in from the buyers.
Option 1 - Entry from the current price with two targets :
Target 1 : 159.453
Target 2 : 162. 500
After the 2nd target is reached we should be fully in the ascending pattern then we would revisit with new targets towards the upper resistance
Option 2 - Entry at 155.300 when we physically touch the strong support level and then enter in a full on ascending / bull trend all the way to 162.500
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
EURJPY: Long againRegarding the Consumer Price Index (CPI) of Euro, we should expect a bearish move. However, since the difference between the predicted and actual was negligible, I expect more BULLISH move.
Take profit at levels and consider the potential bearish move from the zone.
EURJPY SELL PROJECTION Price was in an uptrend so we can see price breakout of the trend line, with a very strong impulsive move downwards and we expect price to retest to the zone and go short
eurjpy short resultseurjpy short results
targets 1 done
30% LEVX 100
6% LEV X 20
💎Please don't be greedy
ENTRY : yellow point
TP : blue lines
SL :
below red line for LONG position
above red line for SHORT position
⛔️INSTRUCTIONS 1:
Please respect the yellow entry point, otherwise you risk entering too early before my strategy or too far, thus reducing gains and aggravating losses in the event of a stop loss
⛔️INSTRUCTIONS 2:
For risk and money management:
5% of your wallet for LEV X ≤20
And
3% of your wallet for LEV X ≥ 20
Bearish drop off overlap resistance?EUR/JPY has reacted off the resistance level which is an overlap resistance and could drop from this level to our take profit.
Entry: 162.13
Why we like it:
There is an overlap resistance level.
Stop loss: 164.38
Why we like it:
There is a pullback resistance level that aligns with the 138.2% Fibonacci extension.
Take profit: 159.34
Why we like it:
There is an overlap support level that aligns with the 50% Fibonacci retracement.
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EUR JPY Trade Setup Daily Timeframe EUR JPY has formed a break and retest pattern breaking a key support level and retesting it turning support into resistance.
So we will be looking for selling opportunities to get our entry lets scale down to the lower timeframe to identify patterns and entry confirmations.
EUR/JPY 4H Timeframe AnalysisEUR/JPY 4H Timeframe Analysis
Trend Analysis:
The EUR/JPY pair is currently in an uptrend, having successfully broken the downtrend with a breach of minor key resistance at 158.000, which has now turned into support. The formation of higher highs and higher lows confirms this trend change and indicates bullish momentum. The recent break of the next minor resistance at 159.4 confirms that buyers have stepped in, with price action moving towards the next major key level at 161.100.
Additionally, the concept of manipulation or liquidity grabs at key levels is crucial. The price has temporarily broken through significant levels, hunting stop losses before reversing direction. This stage has already occurred, and the price is now poised to break the major key resistance.
Price Action Expectation:
We are observing liquidity forming below the major key level. We are waiting for a breakout above 161.100 to confirm the continuation of the uptrend. The plan is to place a buy stop order at 161.430, just above the major resistance, allowing entry once a move beyond this level is confirmed. A stop loss is considered below the liquidity at 160.700, which is a strategic location for risk management.
Trade Setup:
Trade Type: Buy Stop
Entry Price: 161.430 (just above the major resistance after a breakout)
Stop Loss: 160.700 (below the liquidity zone)
Take Profit: At the next major resistance level
Additional Considerations:
You also mentioned a potential bearish flag pattern, which suggests a possible short breakout in the future. However, more confluence or confirmation is needed before placing sell orders. The flag pattern could signal a potential reversal, so it’s important to wait for confirmation, such as a break below a support level or a bearish candlestick pattern, before acting on a short setup.
Conclusion:
The USD/JPY pair is exhibiting bullish momentum, supported by technical indicators and a favorable fundamental outlook. Key economic indicators from the US, such as PMI, retail sales, and the Federal Funds rate, will significantly influence market sentiment and the USD's strength against the JPY. Traders should remain vigilant for potential breakouts and ensure proper risk management strategies are in place.
Fundamental Outlook:
The upcoming BOJ (Bank of Japan) Policy Rate decision this Thursday is likely to impact the EUR/JPY pair. If the BOJ maintains its ultra-loose monetary policy with no changes to rates, we could see the JPY remain weak, supporting the continuation of the EUR/JPY uptrend. However, if the BOJ signals a shift towards tightening or offers hawkish commentary, we might see JPY strength, leading to a pullback in EUR/JPY.
Market sentiment will be crucial—hawkish news from the BOJ could trigger a risk-off move, benefiting the JPY, while dovish news may encourage a risk-on sentiment, driving EUR/JPY higher.
Traders should remain cautious around the BOJ release, as volatility could lead to price manipulation or liquidity grabs, particularly near the 161.100 resistance level.
