Eurjpy!
EURJPY Tradingidea 🚀 according to my edge 👉 @patsedgeSimilar to the trading idea I recently posted, I also observe a potential price pullback or a strong buying zone here, due to the high volume and the newly formed support. I plan to implement my strategy to trade this pullback.
EURJPY Trading Idea @patsedgeWhen examining the EUR/JPY chart, a clear support level at the price of 159.615 can be identified, which formed around January 15th. More recently, a support level was established around 160.786. However, this level has been breached and now serves as a resistance level for future price movements. The last interaction in this price range, observed in the 15-minute timeframe, ended with a narrow range, followed by a significant price drop. In the coming days, I anticipate a trend in the aforementioned price range, particularly at the point where the highest trading volume occurred. In my opinion, there's a high likelihood that the price will drop at this juncture.
#EURJPY
EURJPY - READY FOR THE BULL TO CONTINUE?!EJ has some amazing bullish momentum behind it- and I am looking to continue to ride this trend and long it!
I am waiting for at least a 50% retracement and price coming into the daily fair value gap (this is a must for my system!)- then we look for market structure shift on the hourly and attack!
This is looking like a very yummy LONG!
Follow and Stay tuned my friends ;)
EURJPY → Consolidation. What's next? Growth or decline?FX:EURJPY tests resistance and forms a false breakout, but now the price is stuck inside the range and forms consolidation on which the further scenario depends.
On D1 the price stops at one of the intermediate resistance levels - 161.4. Euro as well as Japanese Yen are getting weaker against the general background, the strong fall of Japanese Yen will squeeze the currency pair and apparently the growth of the pair after the correction may continue.
On H4 the price tests resistance and forms a false breakdown, after which it forms a range between resistance 161.4 and the downtrend line (blue dotted line). It can be assumed that consolidation will continue until the price goes beyond it. Thus:
1) against the backdrop of the rising trend, we have a chance to see a retest of resistance from the previously broken trendline, which could lead to a breakout of 161.4 and further strengthening of the pair.
2) As the price has returned to the channel boundaries, the correction may extend all the way to the uptrend support, but after the breakout of the zone: 160.0
Support levels: 160.0
Resistance levels: 161.4
The further scenario at the moment depends more on who wins the market as part of the fight within the consolidation. The bulls should consolidate above 161.4 to continue rising and the bears below 160.0 to continue the correction.
Regards R. Linda!
#EURJPY #UPDATE WAVE BIn the daily time and H4, an ascending channel is completing wave B. This corrective wave can be completed in two areas. The first PRZ range or the second red box range, which is 1.618 Fibo and the resistance range and daily supply. After the end of this wave, we should wait for a sharp correction wave C. After completing this wave (b), we will check the range of wave C.
⚡️Strifor || USDJPY-24/01/2024Preferred direction: BUY
Comment: The previous trading idea for the yen is in progress. We are considering further purchases here. The main buy level is located at the level of 147.801.
Everything is unchanged here and we expect to approach 150 exactly. It must be said that in the more medium term, the instrument will most likely trade above this important value for the Japanese yen.
Thank you for like and share your views!
✅EUR_JPY BEARISH SETUP|SHORT🔥
✅EUR_JPY broke out of
The rising wedge pattern
And the breakout is confirmed
So I think that the pair will
Go further down
SHORT🔥
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EURJPY H4 | Bearish breakoutEURJPY is trading close to an overlap support and could potentially break break this level and continue to descend to the take profit level.
Sell entry is at 160.439 which is an overlap support level.
Stop loss is at 161.737 which is a level that sits above a swing-high resistance.
Take profit is at 158.601 which is a swing-low support level.
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EURJPY H4 | Approaching pullback supportEUR/JPY is falling towards a pullback support and could potentially bounce higher towards our take-profit target.
Entry: 160.176
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 158.608
Why we like it:
There is a pullback support that aligns close to the 50.0% Fibonacci retracement level
Take Profit: 162.091
Why we like it:
There is a pullback resistance that aligns with the 78.6% Fibonacci retracement level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
⚡️Strifor || EURUSD-22/01/2024Preferred direction: SELL
Comment: At the start of the new trading week, our market mood remains unchanged. Last week passed virtually without changes in medium-term trading. The priority for purchasing American currency remains.
In principle, everything is formed for the euro , and we are ready for a fall. However, only the market itself knows when exactly this will happen. The target for the fall is located at the level of 1.08000 , then we can consider the level of 1.07000.
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EURJPY Short setupEURJPY looks heavy. It has broken down the main trendline, and i can see bearish divergence on H4 and H1 timeframe. Actually is stuck in a small range, and it looks like it's accumulating to perform an explosive move. 159.000 is a daily support, so i expect the price there as a target for a short
EUR/JPY +100 Pips , Clear Closure Mean Second Chance To Sell !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Missed Trade on Shark EURJPY no pressure theres always moves!So based on my last theory I got clipped, there was a lot of news combined with heavy consolidations within price. For me that's a no-go to trade, I saw this set-up and thought mehn! but it's okay.
A Strong confluence to confirm is the reversal wedge pattern in the (D ZONE) between 2.00 and 2.618 amongst price action.
EUR/JPY BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
EUR-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 159.865 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/JPY pair.
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EURJPY - 4hrs ( Sell Trade Target Range 180 PIP ) 💵Pair Name : EUR/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Short )
Type : Mid Term Swing
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This is the best entry point ( 160.900 )
All the reasons for our deals are based on the Golden Engine course + our educational content
Please review the chart carefully
You may agree or disagree with me
But most likely we provide everything, all the available information and the finest details
The Duality of PatternsEURJPY presents an interesting scenario with a potential combo trade, or is it? Let's break it down:
1. 4-Hourly Bearish ABCD Pattern:
- Retest completion at 161.74.
2. Daily Bearish Bat Pattern:
- Completion at 162.55.
Two patterns, two different starting points. Is it a combo or a dual setup?
Share your thoughts and let's navigate this intriguing trade opportunity together!
EURJPY Sell opportunity 160.41EURJPY Sell opportunity 160.41. Confirmation after the breakout support level.
If didn't breakout support EURJPY will reach to 4H resistance level 163.74. The support level is 4H 157.74. Wait for confirmation.........
#EURJPY UpdateAfter not being able to move up to the specified area as mentioned in the previous analysis, it is currently in wave C due to the breakdown of the structure, which has continued to correct up to the 1.618 area. If an upward correction is made up to the failure zone, in the absence of a failure, a sell position can be entered up to the green zone.
The formation of a wedge pattern in the EURJPY We see a wedge pattern in the EURJPY and a negative divergence in the RSI indicator. If the wedge pattern breaks, we expect the price to fall to the range of 160.00.
Excellent Chance To Sell EUR/JPY To Get Easy 200 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EURJPY shorts now in play.As per my longer term EURJPY video idea last week I have now entered short waiting for the 73% fib to be hit which is my preferred level on retracements. It's a longer term trade so need to let it play out
EURJPY Longer term shorting opportunityAs per the video entries around now or next week looking to hold on to the short for a while stops where you're comfortable but great risk reward.
