EURJPY to push higher to 133.500 and (perhaps) beyond1. Uptrend.
2. Market is testing a horizontal support level around the 133.000 area.
3. Market is testing a Demand zone that was not tested before.
4. Price action illustrating the rejection of lower prices.
5. Increase in Volume -> Extensive buying.
Eur-jpy
EURJPY continue to the next target After last success trade on EURJPY (see related ) my advisor Miraclemarket gave a new bullish signal for the euro exchange yen
Signal given to 133.27 with a target of 133.97 or a potential profit of 0.52%
Graphically it is compatible with the signal therefore I expect that the price action follows a path similar to that from me traced.
This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
EURJPY for new recent highs 🦐EURJPY after the break retraced exactly over the support at the 0.382 Fibonacci area.
the price is now breaking the counter trendline and according to Plancton's strategy if the price will break above we will set a nice long order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURJPY analysisEURJPY is currently in an uptrend, and that's what we see on every timeframe above the H1.
That's why we will wait for an end of the consolidation period and therefore expect another upside move.
It looks like this will happen soon.
A close above the 133,05 level will be the first sign.
Once it happens we can get involved in the next move which should continue to 133,59
and in case we see a strong impulse in price action then we could expect a continuation up to 134,28
EURJPY 4hour Analysis May 23rd, 2021EURJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: EJ has been very bullish on all timeframes and was actually a bit overextended on this 4hour timeframe. Thankfully we’re seeing a pullback where we will be looking for structure formation. Ideally, we want to see a strong reversal at our 38.2% fib level with strong bullish setups. Look to target higher on a bullish variation breaking the 132.750 level.
Trade scenario 2: For us to consider EJ bearish we first need to see a break of support at 132.420 with a confirmed lower high below. Look to target the bottom of the range then re-analyze as price action develops.
EURJPY for new highs 🦐EURJPY on the 4h chart is consolidating between an ascending trendline and a resistance structure.
According to Plancton's strategy if the price will break above we will set a nice long order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EUR/JPY, some more upside movement is anticipated🚀The red line indicated on the chart is a weekly resistance. We are expecting the price to continue growing and reach that level. After we reach that specific zone, we will close our positions and look for signs of a bullish continuation or a reversal🙌🏻
Share your opinions with us, fam!
EURJPY 4hour Analysis May 16th, 2021EURJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: EJ is extremely bullish and is showing no signs of slowing down. Ideally we would like to see resistance at 132.750 break with a higher low above. Look to enter long on strong bullish setups and target higher toward negative fib levels.
Trade scenario 2: Price action could fall at current resistance and aim to form structure at a key fib level. Keep in mind, as long as price action is above support at 132.000 we are generally bullish on this timeframe.
EUR/JPY Analysis Welcome back! Please support this idea with a LIKE if you find it useful.
*** EUR/JPY - Correction is due and it will head downward soon!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURJPY 4hour Analysis May 9th, 2021EURJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall we are very bullish and EJ is currently executing last week’s analysis perfectly. So in order to enter long on this pair we need to see a pullback and higher low formation at 131.400. Look to enter long on strong bullish setups and target higher toward our -27% fib level & weekly resistance near 132.750.
Trade scenario 2: As long as price action is above 131.400 we are overall bullish. So for us to consider EJ bearish we need to see a confirmed lower high below 131.400. Look to target lower toward support at 130.600.
EUR/JPY - Break In Bearish Structure!What Is The Market Telling Us?
Euro long accumulation phase has expanded since 26th of April
Break of market structure validates bullish momentum incoming
62% Fib retracement held price for continuation on bullish run
What Are Market Participants Doing'?
EUR longs rose +13.1% in past 24 hours as JPY shorts dropped -10.3%
81% of retail traders are going short on this pair
COT Data shows over 10,000+ lots has been added to the EUR over the past week
EURJPY bearish breakout, potential for further drop!Price has just seen a bearish breakout from the ascending trendline support-turned-resistance, and is now facing bearish pressure as it holds below the Ichimoku cloud. We could see a reversal at 1st resistance, in line with 61.8% Fibonacci retracement and horizontal pullback resistance, and further downside towards 1st support, in line with 38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal swing low support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURJPY 4hour Analysis May, 2nd, 2021EURJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall we are very bullish on this pair and are looking to continue with that trend. At the current level we are a bit over extended so we are going to wait for a higher low before entering long. Look for the higher low to form at our 61.8% for 38.2% fib level with a strong reversal and bullish confirmations. Enter long and target higher toward prior highs.
Trade scenario 2: For us to consider EJ bearish we ideally need to see a break back below 130.600. Look to enter short after we can confirm a lower high below 130.600.
EURJPY - How And Where To Enter This Beautiful Short 🎯Ascending patterns are usually reversal patterns. We can clearly see that on the daily timeframe , EURJPY has been within an ascending wedge and is now losing momentum. We may see one more move up before dropping. However, it can drop from here. Either way, it's okay as we're not trying to be proactive. We want the market to show it's hand and be REACTIVE. By being reactive, we give ourselves a higher chance of executing great trades with great entries.
See the diagram in the chart as to how to enter. We want the ascending wedge to break and retest the daily level before dropping. We can have a really tight entry above the correction and ride this trade down atleast 500pips!
See links below for more information and smaller timeframe analysis.
Goodluck and trade safe!
EURJPY - How And Where To Enter This Beautiful Short 🎯Ascending patterns are usually reversal patterns. We can clearly see that on the daily timeframe, EURJPY has been within an ascending wedge and is now losing momentum. We may see one more move up before dropping. However, it can drop from here. Either way, it's okay as we're not trying to be proactive. We want the market to show it's hand and be REACTIVE. By being reactive, we give ourselves a higher chance of executing great trades with great entries.
See the diagram in the chart as to how to enter. We want the ascending wedge to break and retest the daily level before dropping. We can have a really tight entry above the correction and ride this trade down atleast 500pips!
See links below for more information and smaller timeframe analysis.
Goodluck and trade safe!
💡Don't miss the great buy opportunity in EURJPY
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (131.10).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURJPY is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 77.
Take Profits:
TP1= @ 131.75
TP2= @ 131.95
TP3= @ 132.40
SL= Break below S2
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