Eur-jpy
EURJPY - Buy BiasHigher highs & higher lows. Looking for the price to return to our psych level creating a higher low off this 61.8% fib or even come a bit lower to the 50% before a proper move. Waiting for these impulses is key as it can identify where the market is going. We want price to come up and test these highs again.
EURJPY - Setting up for SHORTWe first require a few confirmations before entering this trade. Await an impulse down and wait for correction. Ideally correction should retest the area marked.
EURJPY - Setting up for SHORTWe first require a few confirmations before entering this trade. Await an impulse down and wait for correction. Ideally correction should retest the area marked.
Short to weekly PPIn this post you can see how ona may use the Least Square Moving Average (LSMA) of the highs, lows and the median along with Camarilla pivot points.
The new LSMA is one of the most sophisticated moving averages which incorporates linear regression. It appeared on the market in 2000s.
You may use LSMA weekly, monthly or daily channels. MAC (Moving Average Channel of highs and lows) was introduced by Jake Bernstein. Periods can be changed of course. I applied 45 as in geometry the right angle is 45 degrees and backtesting shows that values slightly below 50 tend to give more accurate signals.
I this trade I target Camarilla L3 weekly reversal level / weekly PP (central Pivot Point - typically price rarely misses those, its a strategy of its own). Price is below monthly close (= camarilla monthly pivot) - didnt plot that. And is also rejecting from 45 weekly LSMA of the lows.
Good luck in your trading!
FOR EDUCATIONAL PURPOSES
EURJPY can break the monthly resistance? 🦐EURJPY after the break below the 125.800 structure bounces over the 0.5 Fibonacci level of the previous leg.
The market from there started a new impulse and now testing a strong resistance level .
If the price will break above, according to Plancton's strategy, 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 February, 7th, 2021EURJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall price action has been bullish on all major timeframes. We recently saw resistance break at 126.500 and Ideally we want to see a higher low form above 126.500 with strong bullish setups. Target higher toward negative fib levels.
Trade scenario 2: For us to consider short opportunities we first need to see price action break support at 126.500 with a lower high below. Look to enter short on bearish conviction and target lower toward major support levels.
EURJPY could shoot up further on trendline support!EURJPY could shoot up further on trendline support!
EURJPY CALLlooking for downtrend to start
consolidating between 15 min sup/res
and 4hr sup. eventually testing up
through the 1hr res then possibly back
down to the 15 min support for a buy
dont focus on the blue lines but more
so the concept of testing through the
1hr res then back down to the 15 min
sup for a buy
could take an earlier move than anticipated
but general concept would still be in tact
EUR/JPY to Rise to Trend LineI have been monitoring this for a few days and it has just retraced to the support level marked by the blue line. This could be a good time to long from here. There is a major trendline just above the current price so TP can be set at this line or at the previous high, it depends how long it takes to reach this point. Environment is still bullish as seen on MACD is not below 0.
EURJPY - SWING - 02. FEBR. 2021Welcome to our weekly trade setup ( EURJPY )!
-
1 HOUR
Bearish closure below main sr level.
4 HOUR
Expecting more downside movement..
DAILY
Overall good market structure with sideways waving structures.
-
FOREX SWING
SELL EURJPY
ENTRY LEVEL @ 126.770
SL @ 127.250
TP @ 125.790
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: Is the price BACK to its ASCENDING CHANNEL?Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
EUR/JPY
⚪ Technical Analysis :
Since December 2020, the price has been following a clear ascending channel, bouncing many times on its dynamic S/R line.
On the 14th of January 2021, the price broke through the channel, collapsing down until the main weekly trendline.
It re-tested few times the same trendline before moving up again with a strong bullish impulse.
Few days ago the price reached an important resistance zone, getting a really quick rejection. It's currently on the level 126.500, re-testing its previous ascending channel.
The next price action will be essential to understand the next market movement.
If you would like to have a quick look on my previous EURJPY analysis, click the link below:
🔴 Conclusion :
In the daily perspective, the price is following a rising wedge and a couple of weeks ago it reached its dynamic trendline.
The price is actually moving with a bullish impulse and I'm confident to see now a new rejection on the support zone at about 126.500 and a new bullish impulse until the next resistance zone at about 127.300.
I'll be waiting the next few h4 sessions before planning my long position on this trade.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
EURJPY triple top on daily chartEURJPY formed triple top on daily chart. The daily trend is still upward, but now the price can break this uptrend line and fall to nearest support zone at 123. This is a good entry at market price for a low risk trade. Take SL around 128, and TP around 123.
EURJPY bounces at the 0.5 fib level 🦐EURJPY after the break of the ascending channel bounces over the 0.5 Fibonacci level of the previous leg.
The market from there started a new impulse and now testing a strong resistance level.
If the price will break above, according to Plancton's strategy, 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 January 31st, 2021EURJPY Long Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall this pair has been very bullish on higher timeframes. We recently saw a large bullish leg breaking resistance at 126.500. Now we want to wait for a confirmed higher low near structure at our 38.2% fib level. Look to enter long on strong bullish setups and target higher toward key resistance and negative fib levels.
Trade scenario 2: For us to consider short scenarios we ideally want to see a break and retest of support at 126.000. Look to target lower after a confirmed lower high and strong bearish setups.
EURJPY is facing bearish pressure, potential for further drop Price is facing bearish pressure from our first resistance in line with our horizontal swing high resistance, 78.6% fibonacci retracement where we could see a further drop below this level to our first support target. A break below our downside confirmation level would provide the bearish acceleration to our first support target.
EURJPY is approaching resistance| 28 Jan 2021Price is approaching resistance in line with our fibonacci confluences where we could see a reversal below this level.
EURJPY is approaching resistance| 28 Jan 2021Price is approaching resistance in line with our fibonacci confluences where we could see a reversal below this level.
EUR/JPY - LongPossible long opportunity on EUR/JPY.
Price has shown signs of rejection at support around the 126.00 level. If rejection continues and we get confirmation of bullish momentum I believe price could reach the resistance at the 126.70 level.
I will look for strong bullish 4H candles as well as signals from the MACD and RVI.
Remember there is important EURO news out tomorrow at 10:00 AM GMT so be careful if entering this trade before this time.
EURJPY EURJPY follows an uptrend. The price broke out the ascending wedge and straight to the support line. I wait for a rebound once it touches the support line with continuing rising.
Best regards EXCAVO
