EURJPY - FOREX - 26. APR. 2021Welcome to our weekly trade setup ( EURJPY )!
-
1 HOUR
Bullish reaction towards main sr level.
4 HOUR
Expecting bearish pressure now.
DAILY
Looking forward a bearish price break..
-
FOREX SETUP
SELL EURJPY
ENTRY LEVEL @ 130.420
SL @ 130.900
TP @ 129.750
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
Eur-jpy
EURJPY ready for a break to the upside? 🦐EURJPY is moving inside an ascending channel.
The market after a consolidation move between 2 structures broke below and perfectly tested the lower trendline.
From there the price created a nice bullish impulse and close the daily candle below the resistance zone at 130.500.
According to Plancton's strategy if the price will break above we can 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 4hour Analysis April 25th, 2021EURJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall we are bullish on EJ but we are clearly within a large range. Playing toward the bullish scenario we want to wait for a higher low above 130.600 and outside the range. Look to enter long on bullish setups after the higher low and target higher toward key resistance around 132.000.
Trade scenario 2: You could short within the range if we can spot a strong reversal at 130.600 but for us to consider EJ bearish we need to see a lower high below 130.000. Look to target lower toward key levels of support.
Will the EURJPY breakout?EURJPY is currently in an uptrend on pretty much all timeframes.
It has been trading sideways for 2 weeks now without a succesful breakout.
In order to continue, we should see a break above 130,65.
This will give us an entry opportunity on the retest of this level. Our target after a breakout will be 131,69!
We expect to see some progress on this situation throughout this week.
Wish you all a succesful trading!
EURJPY 4hour Analysis April 18th, 2021EURJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall we are bullish on EJ but we can clearly see that we are stuck in a range. I am favoring a bullish breakout here because this heavy consolidation is occurring at a high and also at key resistance. Wait for a break above resistance at 130.600 with a higher low to confirm. Target higher toward our -27% fib level.
Trade scenario 2: For us to comfortably short EJ we need this range to break bearish. Enter short on a lower high below 130.000 and target key levels of support.
EURJPY testing the recent highs 🦐EURJPY is moving near the 130.600 area at the recent highs.
The market after a new test of the resistance created a triple top.
According to Plancton's strategy if the price will break below we can set a nice short 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 facing bearish pressure, potential for reversal!Price is holding below the Ichimoku cloud and descending trendline resistance,, showing bearish pressure in line with our bearish bias. We could potentially see price reverse at 1st resistance, in line with 50% Fibonacci retracement and horizontal pullback resistance, and drop further towards 1st support, in line with 100%, 127.2% 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 - FOREX - 12. APR. 2021Welcome to our weekly trade setup ( EURJPY )!
-
1 HOUR
Strong bearish market open..
4 HOUR
Expecting more bearish price action.
DAILY
Overall bearish market structure..
-
FOREX SETUP
SELL EURJPY
ENTRY LEVEL @ 130.260
SL @ 130.630
TP @ 129.700
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EURJPY 4hour Analysis April 11th, 2021EURJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Price action is currently very bullish and recently found support at 130.000 before rallying. Now we’re mid rally and need to wait for a pullback with a confirmed higher low to enter long. Look to target toward our -27% fib level.
Trade scenario 2: For us to consider short opportunities on EJ we need to first see a break back below 130.000 with a lower high below. Look to target lower toward key support levels.
EURJPY on a double top 🦐EURJPY created a double top below a daily resistance at the previous highs.
The price is now moving inside a minor channel at the top and according to Plancton's strategy if the price will break below we will set a nice short 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 for new recent highs 🦐EURJPY is consolidating below a daily structure near to the previous recent highs.
According to Plancton's strategy if the price will break above and the conditions will be satisfied 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 facing bullish pressure, potential for more upside!Prices are facing bullish pressure from 1st support which is in line with ascending trendline support, horizontal swing low support, 78.6% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards 1st resistance, which is in line with horizontal swing high resistance, -27.2% Fibonacci retracement, 127.2% Fibonacci retracement. If prices push even lower, prices might hit 2nd support which is in line with horizontal swing low support, 100% Fibonacci extension and 127.2% Fibonacci retracement. Ichimoku cloud is also below prices, showing a bullish pressure for prices.
BUY on EURJPYHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price is inside its Ascending Channel and also broke and did a Retest.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand.
So let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
EURJPY 4hour Analysis April 5th, 2021EURJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: All relevant timeframes point bullish and we plan to continue with that overall trend. Currently price action is breaking resistance and testing as new support around 130.000. From the current level we ideally want to see some strong bullish setups we can enter long on. Look to target higher toward key levels of resistance.
Trade scenario 2: For us to consider EJ bearish again we need to see a break of support at 130.000 first. Look to enter short on strong bearish setups after a lower high below 130.000. Look to target lower toward key levels of support.
🔄 update: 4H TF: EURJPYhello guys, EURJPY been in a long uptrend on the daily TF, we believe the pair just finished a complete impulsive wave, at the top, the price been rejected from a resistance zone, that area rejected the price 130 points on the 18th of March, check out our Youtube video, so we will short this pair, our entry is the market price, stop loss any daily close above the red zone, target 127.000, good luck.