EURJPY - Patterns and Corrections Indicating a Long Term Buy Potential but it Failed to Breakout the S / R Level
Eurjpyforecast
EUR/JPY Long Trade UpdateHey Guys!
The current eur/jpy weekly bias is short. Or in other words, price is likely to reach 124.41 before reaching 148.44.
So if I get a pullback to the 147.44 price level, I'm willing to take a short entry with a stop loss at 148.44 and its main target
at 124.41. That said, since this pair has overarching long strength on it, I am ultimately waiting for long confirmation for this pair.
In this post I explain the reasoning for my decisions.
That's it !
I'll keep you guys updated!
Have a great day!
Ken
EURJPY Breakout Short! EUR-JPY broke the rising support line
So we are locally bearish biased
And so after the pullback and retest
horizontal resistance at 142.405
Further move down is expected
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY
- Currently there is an UP SIDE BIAS for EURJPY. XXXJPY CURRENCIES BUYED VERY FAST IN THE PREVIOUS WEEKS WITH JPY WEAK AFTER THE INTERVENTION. Somehow it is being RECOVERED again. MARKET RISK is still ON. VIX is going DOWN, XXXJPY CURRENCIES SHOULD BE BUY FAST NOW.
- Some NEWS coming for the USD will help strengthen the EURO. Because the reason for that is because the NEWS related to USD is quite weak and USD has got a weak SENTIMENT. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. For that, the support of EURO STOCKS and VIX must be received. We have no more confirmation that the EURO is likely to be WEAK.
EURJPY can sell at 141.070 level before BUY. After that you can BUY at 150.00 LEVEL. If the MAIN STRUCTURES BREAK anyway, EURJPY price can definitely be BUY at 147.00 LEVELS.
EURJPY (High Probability BUY SetUp SOON)!!!!Here we can see clearly the next move for EURJPY pair, With the current move lower is expected to continue, Indecisive price action action has resulted in sideways congestion on the intraday chart, Short term bias is mildly bullish, We therefore, Prefer to fade into the dip with a tight stop in anticipation of a move back higher.
We've got our EP(blue line) &our TP(golden lines),
Happy pip hunting traders.
EURJPY Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EUR/JPY SHORT TRADE ...According to SMC , EUR/JPY has good entry point for short trade as follow :
ENTRY @ 144.985
SL @ 145.242
TP @ 144.243
RRR IS 1:2.89
GOOD LUCK GUYS ...
20 reasons for Sell EURJPY 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: Multi years Sideways market current candle bullish and tao upper side resistance
2 📆Monthly: Rejected by monthly Resistance, and the current candle is Bearish
3 📅Weekly: Clear Up trend, but the price is Corrective phase now
4 🕛Daily: structural bear toward FVG or Ob
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: Bear
6: 2 Pattern Candle Chart: Big Doji /higher low lower low
7: 3 Volume: good Volume at selling candles
8: 4 Momentum UNCONVENTIONAL Rsi: Sideways
9: 5 Volatility measure Bollinger bands: Below middle band bearish w type formation
10: 6 Strength ADX: strength in for bearish side
11: 7 Sentiment ROC: Currently, JPY perform well against Eur
✔️ Entry Time Frame: H4
12: Entry TF Structure: Bear
13: entry move: Impulse
14: Support resistance base: rejected at previous Resistance
15: FIB: Done trigger event
☑️ final comments: Sell right now
16: 💡decision: Sell
17: 🚀Entry: 144
18: ✋Stop losel:145.2
19: 🎯Take profit:140.8
20: 😊Risk to reward Ratio:1:3.5
🕛 Excepted Duration:5 days
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY
- Currently there is an UP SIDE BIAS for EURJPY. XXXJPY CURRENCIES BUYED VERY FAST IN THE PREVIOUS WEEKS WITH JPY WEAK AFTER THE INTERVENTION. Somehow it is being RECOVERED again. MARKET RISK is still ON. VIX is going DOWN, XXXJPY CURRENCIES SHOULD BE BUY FAST NOW.
- Some NEWS coming for the USD will help strengthen the EURO. Because the reason for that is because the NEWS related to USD is quite weak and USD has got a weak SENTIMENT. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. For that, the support of EURO STOCKS and VIX must be received. We have no more confirmation that the EURO is likely to be WEAK.
EURJPY can be SELL at 145.56 level before BUY. After that you can BUY at 152.00 LEVEL. If the MAIN STRUCTURES BREAK anyway, EURJPY can definitely buy at 150-151 LEVELS.
EURJPY IS SELL FOR SHORT TERMEURJPY IS SELL FOR SHORT TERM, take a short entry and i am sure that the price will fall till my target today
EURJPY Resistance Cluster! EUR-JPY is trading in a downtrend
And the pair is approaching
A resistance cluster of the falling
And horizontal resistance levels
So as we are bearish biased
We will be expecting a bearish
Reaction and a move down
After the pair retests the cluster
EURJPY Next Possible Move#EURJPY ( Euro / Japanese Yen )
- Following BEARISH CHANNEL as a Corrective Pattern in Long Time Frame #LTF
- Rejecting from the Lower Trend Line #LTL and can possibly Reject from the DEMAND ZONE
- RSING WEDGE Pattern in Short Time Frame #STF Buy if Breaks the Upper Trend Line #UTL and Sell in Breaks the Lower Trend Line #LTL
- Selling Divergence
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY
- Currently there is an UP SIDE BIAS for EURJPY. XXXJPY CURRENCIES BUYED VERY FAST IN THE PREVIOUS WEEKS WITH JPY WEAK AFTER THE INTERVENTION. Somehow it is being RECOVERED again. MARKET RISK is still ON. VIX is going DOWN, XXXJPY CURRENCIES SHOULD BE BUY FAST NOW.
- Some NEWS coming for the USD will help strengthen the EURO. Because the reason for that is because the NEWS related to USD is quite weak and USD has got a weak SENTIMENT. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. For that, the support of EURO STOCKS and VIX must be received. We have no more confirmation that the EURO is likely to be WEAK.
EURJPY can be SELL at 143.195 level before BUY. After that you can BUY at 151.00 LEVEL. Anyway, if MAIN STRUCTURES BREAK, EURJPY price can definitely BUY at 151 LEVEL.
EURJPY Bearish Bias!EUR-JPY went up to retest
A horizontal resistance level
After breaking the rising support
From where I think we will see
A move down towards
The target below
eurjpy falling after support breakout
Hi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about Eurjpy
We can see formation of support breakout
So we are expecting a strong fall near support.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
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EURJPY target below 145As per harmonics pattern formed in 4hrs chart. change to trade below 145 level in upcoming days.
EURJPY Retrace Triangle After BreakoutTechnical analysis shows major and minor trend are bullish. But bearish RSI divergence raises scope for some weakness.
EURJPY Next Possible Move#EURJPY ( Euro / Japanese Yen )
- BULLISH CHANNEL in Long Time Frame #LTF
- Breakout of Lower Trend Line #LTL and Retracement at Fibonacci Level - 78.60
- Expanding Diagonal as Corrective Pattern in Short Time Frame #STF
- Impulse Correction Impulse - Completed " ABC " Corrective Wave
EURJPY ! Trading in rising wedge, long trade idea.Looking at the 1-hour chart, EURJPY is trading in a rising wedge. If the wedge breaks down, it can reach 145.700. Right now, EURJPY has reached the resistance zone of 146.500-146.300. If this zone can be broken upwards, eurjpy up to previous high 147.360
EUR/JPY Long SetupHey Guys!
The current weekly bias on the eur/jpy pair, (though yet to be fully confirmed) is long. Or in other words, price is likely to reach 148.44 before reaching 124.41.
In this post, I explain the reasoning for the long bias, as well as what I'll be looking for in terms of full confirmation of the weekly long bias.
That''s it! I'll keep you guys updated!
Ken
Disclaimer: This is not Personal Financial Advice.
EURJPY Distribtuion phase indication short for 142.6021st October daily key reversal bar made a new high closed towards the low. Price consolidated ahead due to key reversal bar closing towards the low. short with low risk, add more short if pulls back upside. Target: 142.60, stop loss above key reversal bar high.
EURJPY - Sell-off started ✅Hello traders!
‼️ This is my analysis on EURJPY .
Here we can see that price broke the market structure, so I am looking for shorts now. I expect to continue bearish price action as price mitigated bearish orderblock and rejected.
Like, comment and subscribe to be in touch with my content!
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY
- EURJPY currently has an UPSIDE BIAS. XXXJPY CURRENCIES are being BUY very fast with JPY WEAK after the INTERVENTION. The reason is that the JPY INTERVENTION has become PRICE. Somehow it is being RECOVERED again. MARKET RISK is still being OFF. VIX is going DOWN, XXXJPY CURRENCIES are BUYING fast now with JPY WEAKNESS. Perhaps the EURJPY 151.00 LEVEL can be reached and BUY higher.
- Some NEWS coming for the USD will help to weaken or strengthen the EURO. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. For that, the support of EURO STOCKS and VIX must be received. We have no more confirmation that the EURO is likely to be WEAK. EURJPY can be SELL at 145.66 level before BUY. If the MAIN STRUCTURE is BREAKED, it should be SELL at 139.68 LEVEL.
