EURJPY BUY SETUPPrice closed strong above structure ion the daily. Looking for the pull back or retest to take the next wave up! Yen index is now making a bearish move...
JPYEUR trade ideas
IDEA EURJPY LONG POSITION HI TRADERS
Pair : EURJPY
Position : LONG( BUY )
Entry Price :159.400
STOP LOSS @ 159.000
TP 1 @159.800
TP 2 @160.200
TP 3 @160.600( Trailing SL )
EURJPY long idea !Used Fibonacci Retracement on daily graph, saw a good support on 78.6. It broke the last lower high and created new higher high. Therefore, if it pulls back to 61.8 area on 4hr chart, I ,ight go long. Risk and Reward 1:3.5
High probability for a bullish move on EURJPYAfter a clear breakout of an obvious daily level, we expect a minor retracement before the bullish move.
Long Japanese Yen?!The Japanese Yen is showing strength. I expect one of these pairs (NZD/JPY, AUD/JPY, EUR/JPY, GBP/JPY) to reach its September low as the first target. USD/JPY, however, is too far from that level, so I wouldn't consider entering a trade on that pair.
There is a possibility of a retracement, which is why I’ve split the risk across different pairs in case one of them retraces significantly
EURJPYTrade idea .
Still following the trend .It may be a swing trade. My hope is that price takes out the previous week High , I will be looking only to sell if and look to scale in . I could even scalp those sells , but the EURJPY is volatile and turns to mostly spike after price has manipulated . I am looking for price to fill the previous week candle and maybe create a new low.
ii trade the SMC concept in line with price action and some modifications i have added to my strategy over the years .
EURJPYThe potential sell scenario for the pair this week:
A strong opportunity to sell EURJPY from the current levels.
EURJPY Buy Pending PP ConfirmationHello,
FX:EURJPY remains a buy; however, confirmation from the pivot point (PP) is still required along the way.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
ROADMAP!Hello traders. EURJPY is on a temporary uptrend. it will accumulate the orders and will go up. after this uptrend market will fall. be happy (wink)
Extreme Bullish EUR/JPY1. Swing Low Zone is tested with 3 times which makes this zone extremely strong. It's very unlikely break out this zone.
2. 3rd touch on Swing Low Zone has formed Morning Star Pattern candles which indicates the down trend is finished. The bulls is entering the market.
3. Sto-RSI indicates strong buy as well.
Note: Waiting for the trend to react on downtrend white line. Most likely the trend will break out this white trendline because the Morning Star Candles (Reversal Candles) are printed if the candle is valid. If not, we will see the bounce to the downside.
This entry is based on 1 hour time frame.
Entry $159.009
SL $158.20
TP 1 & TP2 (TP not set yet because waiting for reaction of the trend to the white trendline.)
EUR/JPY ECN Leg Spread quick capture strat bullish strategy comes from the variety of markets experiencing high volatility right now... with a further push of ECN data to accomodate the volatility AUssie dollar expected to be very bullish but EUR JPY is also a safe bet so SEIIV strategy counters the weak EUR business consumer confidence and aim to take advantage of a jpy push
[EUR/JPY] Negative vibe on weekly chartOANDA:EURJPY looks very negative on weekly chart :
1.EMA showing downtrend
2.MACD showing downtrend
3.Failed attempt to test the trendline it broke down few weeks earlier
Pay attention for 156 which act as support. If breaks, possibly slide further.
Cherio...
EURJPYJapanese yen continues to get stronger across all pairs due to timely intervention of its monetary policies.
yen is driving market and reversing trend direction across all pairs.at 159.310 sell supply triggered where we expect more bearish days ahead on sentiment.
EURJPY - Student ExerciseThis is an educational and instructional video on how a student of the markets can practice a top-down analysis approach using ICT Concepts.
I offer some valuable information and tips in the video as well, so don't miss out!
- R2F
EURJPYthere's been a spike, slowing down, consolidation and a v-formation in 5-min time frame. I think we can expect this pair to make an upward move from here
EURJPYWe can attempt to buy EURJPY from specified level as it break LH , also bullish divergence occur indicate that it moves upward.
SL , TP mention in charts
EURJPY Wave 4 Correction Sets the Stage for Further DeclineIn EURJPY, it appears that the 4th wave correction has completed in the form of a Zigzag. I anticipate further downward movement. Consider entering short positions after a confirmed break below Wave B.
Euro-yen unlikely to move much lower immediately¥155 remains the key support for EURJPY on the daily chart; however, the latest downward movement has paused before reaching that area. Participants have mostly discounted recent political instability in France since the government’s collapse had been widely expected. Meanwhile in monetary policy the European Central Bank is likely to cut the deposit facility rate to 3% on Thursday 12 December.
Euro-yen’s bounce in recent days seems to have a bit more energy than GBPJPY, but this is partially a function of the latest round of losses here having reached lower. The structure of most indicators between the two pairs is quite similar; the main difference driving slightly greater recent losses by EURJPY is fundamentals for the euro and pound.
While the death crosses of the 20 SMA below the 50 and 100 can’t be discounted, another push lower in the next few days is questionable because this is the third unsuccessful test of the area around ¥155 in only a few months. Usually, second and subsequent tests of a possibly important area are less likely to break through unless fundamentals align. Volume doesn’t support any clear direction here so traders might be biding their time until the ECB’s meeting.
EURJPYTRADE IDEA
If only price moved as our fantasies .Maybe sometimes it does.We just get too carried away to notice ,Maybe price really does repeats itself .
EURJPY Wave Analysis 5 December 2024
- EURJPY reversed from key support level 156.00
- Likely to rise to resistance level 160.00
EURJPY currency pair recently reversed up from the key support level 156.00 (which has been reversing the pair from the start of August) standing close to the lower daily Bollinger Band.
The upward reversal from the support level 156.00 created the daily Japanese candlesticks reversal pattern Morning Star Doji.
Given the strength of the support level 156.00, EURJPY currency pair can be expected to rise toward the next resistance level 160.00 (target for the completion of the active wave iv).
