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Eurjpyforecast

EUR/JPY Trade set-up, sell the double topOverview - EUR/JPY has reversed from the double top at 130.60. So, let us take a look at a possible sell entry which might play out in the next few days. Analysis - As you can see from the chart, 130.60 level is a resistance for EUR/JPY which the bulls could not break previously. Price has reversed from the double top with bearish candlestick formation. Probable trade set-up - Based on the above analysis, selling EURJPY@130.15-130.60 with SL above 131 and TP at 128.20 is a good sell set-up. Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be executed only if it meets the required criteria.
Short
by MarcellusLUX
16
EURJPY SHORT TERM SELL, LONG TERM BUY ProjectionTechnical Analysis 1. Rising Wedge forming 2. Hit Level 1 of Fibonacci Expansion Level 3. Completion of a Flag Pattern Take Profit (Of the Flagpole breakout) on shorter timeframe smaller timeframes (Circled in WHITE) 4. Market is expected to break out of the trendline, hitting our Fibonacci Expansion Level of 1.618 which would push down the market to an area of confluence 5. Using the new Highest Point from the Fibonacci Expansion Level of 1.618 and Rising Wedge Peak, we would project the fall to the new Fibonacci Retracement Level How I would approach this. 1. Sell to 127.150 2. Buy from 127.150 to 136.250 3. Sell from 136.250 to 124.270
Short
by traderprosignals
EURJPY: short on h4Hi Traders, This is my view on this cross for the next few days. #EURJPY SELL 128.62 SL 129.05 TP 127.81 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Trading Kitchen
Short
by kitchen_trading
EURJPY | Perspective for the new week | Follow-upThe price continues to hover around our previous Supplication area (see link below for reference purposes); The Euro has been unable to sustain its move to a new high following price inability to Break above the Y130.600 area. After culminating @ Y130.680, a Double Top pattern emerges with tendencies that support the beginning of a Corrective phase. We finally experience a Breakdown of Ascending channel during last week trading session a sign that the price no longer respects the Channel. I am of the opinion that this sudden Breakdown might be a Temporary dimension to price action (Corrective phase) in anticipation of a rally continuation in the nearest future. Tendency: Temporary Downtrend ( Bearish ) Structure: Breakdown | Supply & Demand | Double Top (Reversal pattern) | Ascending Channel Observation: i. EURJPY appears to be bullish from the perspective of a long-term outlook; Price has respected the Ascending Channel since late January 2021. ii. The Breakdown of the Neckline coinciding with a breakdown of the Channel is a signal that Buyers have lost their momentum and a new direction is evolving. iii. In the last 17days, Y129.750 has been a significant area as a Breakdown/Breakout of this area has dictated the prevailing direction of price action. iv. The Neckline @ Y129.750 shall be my Key level in the coming week(s) as I anticipate a correction (retest) after the Breakdown that happened last week to join the decline train. iv. This been said, after completion of the correction of the Breakdown in the coming week(s); any area below Key level will be good for me to join the decline train. Trade consciously :)! Trading plan: SELL confirmation with a minimum potential profit of 170 pips. Risk/Reward : 1:4 Potential Duration: 4 to 10days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
EURJPY Potential Sell?G'day Guys. Here our EJ potential trade setup. Let me explain. 1. In bigger time-frames showing unhealthy market movement. Remember, every time we acting unhealthily we will receive another side effect that cause effecting our life. Same goes to market perspective. As i always mentioned, Market is Human Behavior. 2. In hourly time-frames, am seeing that market looking for supply zone. Before continue bearish rally. I suggest to read about * Human Behavior & Markets Movement * Policy & Markets Movement. "The Books NOT in the Markets yet." I believe you guys will understand how exactly market move.
Short
by EYFMarkets
EURJPY - DON'T MISS OUT!During this mark up, I will be providing you with a visual break down of my prediction of EURJPY ! Before you take a look at this mark up, please be sure to understand that everything is color coordinated to make it easier for you to understand my prediction and perspectives of the market. BE SURE TO ZOOM IN AND ZOOM OUT TO SEE THE DIRECTION OF THE MARKET!! 😊 Listed below are the steps to my prediction… 1. Yellow Trend Line = Support and resistance mark up 2. Green Lines = represents the higher high and higher lows of the market 3. Blue = The kill zone. Where I am looking for price to make its move. During my analysis for EURJPY , I went from the 1-hour chart to the 4-hour chart. During that time, I was able to identify a 3-bar reversal looking to go bearish. Starting from March 11th to March 16th on the 1-day chart is where I was able to identify this reversal. If you have any questions about my mark up, please be sure to leave comments below and I will answer your questions as quickly as possible. Thank you for taking time to view my mark up!
by investwithk