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Eurjpyprediction

EURJPY profit target reached perfectly, prepare to buy for a bouBuy above 129.54. Stop loss at 129.20. Take profit at 130.50. Reason for the trading strategy (technically): Price has dropped from our selling area perfectly and reached our profit target. We prepare to buy above major support at 129.54 (Fibonacci retracement horizontal overlap support, Fibonacci extension) for a push up to at least 130.50 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (21,5,3) is seeing strong support above 7.5% where we expect a bounce from that corresponds to the bounce we’re expecting on price.
Long
by MEX_Exchange
1
EURJPY right on major resistance, prepare to sellSell below 130.50. Stop loss at 130.81. Take profit at 129.61. Reason for the trading strategy (technically): Price is reacting off major resistance at 130.50 (Fibonacci extension, horizontal swing high resistance, bearish pride action) and we expect to see a reaction off this level for a drop towards 129.61 support (Fibonacci retracement, horizontal pullback support). Stochastic (21,5,3) is seeing a reaction off our 95% resistance with good downside potential to play the drop in price. Correlation analysis: We are seeing JPY strength with AUDJPY, EURJPY and USDJPY expecting drops.
Short
by MEX_Exchange
EURJPY profit target reached perfectly, time to sell for a shortSell below 125.13. Stop loss at 125.36. Take profit at 124.63. Reason for the trading strategy (technically): Price has shot all the way up and reached our profit target perfectly. We prepare to sell below 125.13 resistance (Fibonacci extension, Elliott wave theory) for a short term setback to at least 124.63 (Fibonacci retracement, horizontal pullback support). Stochastic (55,5,3) is seeing major resistance below 99% where we expect a reaction from.
Short
by MEX_Exchange
What lies for Euro-Japanese Yen's future?For quite some days, the Euro-Japanese Yen has been solely consolidating within this range despite the further decline of other Euro Forex pair. That being said, this may be qualified to be an NR7 trade; it is also called as Narrow Range 7 day bar. With the NR7-qualified trade, we can also see a possible formation of a triple-top-double-bottom... or a possible formation of a head & shoulder... and the consolidation is just sitting at the neckline! With a tight range running, a high risk-reward ratio setup may be placed upon this! With such consolidation, I am expecting a huge move!
by bearvsbullmarket
Short EURJPY Short Term based on 30M + 1H Charts H&S Pattern I have a longter term Short setup for the EURJPY but here we see a shorter term H&S pattern setup forming for anyone interested in a shorter, possible intraday trade. Wait for a break of the neckline before entering and a more conservative approach would be to wait for a pullback and re-test, however, from experience we know this does not always happen. If you are interested in a more longer term trade, check out my related idea for a longterm short on the EURJPY with potential of around 200pips. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Short
by AEFX786
EURJPY profit target reached. Turn bullish above major supportBuy above 124.35. Stop loss at 123.65. Take profit at 125.25. Reason for the trading strategy (technically): Price has reached our profit target from last week. We prepare to buy above 124.35 support (Fibonacci retracement, horizontal overlap support) for a push up to at least 125.25 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (21,5,3) is seeing strong support above the 5% level where we expect a strong bounce from. Correlation analysis: We’re expecting overall JPY weakness with bounces expected on AUDJPY, USDJPY and EURJPY. Hence this falls very nicely into a correlated move.
Long
by MEX_Exchange
This is Crazy Man!!! EURJPY is a Buying Crap!! Don´t believe me?Crazy things happen!!! I believe that successful trading strategies rely heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. Consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be a continuation or reversal. It requires attention and care. Rather than turning out to be a factory of producing signals, it is better to sit down and look for a setup. Setups are important because we are planning a trade and execute them on time. If you fail to plan a setup, then you are planning to fail. Another advantage of trade setup is that we know where to get out and the right time to go in. Know the market. Study the price movements and make your trades. My charts use price movements, patterns, structures and indicators such as moving averages and oscillators. Trading intelligence is combining multiple knowledge to produce a favorable trade setup and plans.
Short
by Dinkan
EUR/JPY To 127.00 First target Then 128.00 OverallMonthly - we can see some reasonably bullish price action with the MA's converging to cross. Showing a longer term bullish direction Weekly - It's the first time in around 12 months that the weekly price action has managed to close above 124.00. Price action is above the MA's; which are crossed to the upside. Daily - We have had a morning star formation at 124.00 - indicating that the price did not like being below 124.00. The bottom of the morning star also touches a 61% Fibonacci retracement. I have 3 Fib's on this pair, one monthly, one long term daily/weekly and the one you can see on this 4hrly chart. The two shorter term fibs both give a D1 extension around the 127.00 area - the reasons behind my first target on this pair. The longer term monthly fib has a target a lot higher, but it just gives me an added bullish conlfuence to the pair. I am looking for a long entry on this pair, using the indicated CTL for an extra reason for going long. I have indicated what I think could possibly happen (see the arrows on the chart) with a pullback and another bounce of the 124.00 level before continuation to the upside. If this does happen it would be a bonus giving us a better risk:reward ratio. I will update when the market opens.
Long
by buykinisuk
2