EURJPY - Potential Bearish Control 🐻Hello TradingView Family / Fellow Traders,
📈 EURJPY been overall bullish , trading inside the blue channel and it is currently approaching the upper blue trendline.
Moreover, the zone 159-160 is a robust resistance zone.
🎯 Therefore, the highlighted red circle represents a significant area to consider for potential sell setups , as it marks the intersection of the red resistance and upper blue trendline.
📚 As per my trading style:
As EURJPY approaches the blue circle zone, I will be actively searching for bearish reversal setups to capture the next bearish impulse movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
EURJPY
Sell EURJPY Channel Breakout1. European underperformance relative to the US should weigh on the shared currency.
2. The Japanese currency was a significant underperformer during the global tightening phase, and so we believe the currency can become a significant outperformer during the global easing phase.
3. A likely hawkish monetary policy shift from the Bank of Japan later this year, combined with a weak US economy and lower US interest rates next year, should see the Yen strengthen
Thank you
EURJPY H2 / LOOKING FOR A SHORT TRADE OPPORTUNITY 📉Hello Traders!
This is my idea related to EURJPY H2. I see a retracement from the resistance level of the channel and also a small retracement (15M - 30M), to close the imbalance and to react from OB. Now I see a good opportunity to execute a short trade until the price of 155.800.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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EURJPY → False resistance breakdown and a weak euro FX:EURJPY is forging a false resistance breakout amid a global bearish trend. Bearish volume is forming in the 158.38 zone
Based on the fundamental background and strengthening of the Index dollar ( TVC:DXY ), the euro ( FX:EURUSD ) may lose ground. In such a case, on the background of euro weakening, Japanese yen ( FX:USDJPY ) may strengthen.
Globally, the currency pair stands in the range of 158.5 (157.9) - 154.0. In such a case, from resistance, within the range, the price may head towards flat support.
Technically, we have a local ascending channel and a false breakdown of the resistance area. The price consolidation below 158.38 and the break of the support at 157.5 will form the market decline to 155.0
Resistance levels: 158.38, 159.0
Support levels: 157.5, 156.3, 155
I expect the price decline within the channel to the support of 155.0. Fundamentally, the euro, as well as the yen are unstable, so the market can behave unpredictably and stand still for a long time
Regards R. Linda!
EUR/JPY Sell Idea based on Price Channel reversalHello traders and the entire Tradingview community! Hope you had a great weekend!
Taking a look at the EURJPY, we can see a price channel as indicated in my chart.
The price channel has been working for more than 4 weeks now. As you can already see,
price has reversed after hitting the upper trend line of the channel many times in the past.
This time too, EJ is showing signs of reversal after hitting the upper TL of the channel.
I am already holding sell positions in EJ@158.50 and I expect EJ to fall further in the
next few days.
EURJPY: Price Action Based Short 🇪🇺🇯🇵
EURJPY formed a head and shoulders pattern after a strong bullish impulse.
The violation of its neckline signifies the exhaustion of the market
and a highly probable initiation of a correctional movement.
I expect a retracement at least to 157.1
❤️Please, support my work with like, thank you!❤️
EUR/JPY BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
The BB upper band is nearby so EUR-JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 156.381.
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EURJPY - Upside Trend Continuation?The EURJPY pair was trending quite steadily over the past year. After peaking in November 2023, there was a pretty sharp pullback in anticipation that we're exiting out of a high-rate environment.
Those expectations seem quickly quashed as we enter 2024 and the upside breakout signifies further upside potential, especially as the upper range boundary continues to hold for the week ahead.
EURJPY | Long setupEURJPY get rejected by the resistance zone at the 158.500 level and closed red for the day.
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I have a feeling it is going to break out the upcoming week and make new highs.
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We might see some kind of small pullback before EURJPY blasts trough this zone.
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Will be looking for long positions when this happens.
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Let me know what you think!
EUR/JPY I need to see a 4h Close above daily resistance and a HH close on a smaller time frame to validate an entry to go long. However from a fundamental point I would prefer to go short as I think that has a higher probability.
In order to look for the short I would be looking for a 4h close below the 38.2% and the blue zone
GBPJPY Bullish Fibonacci Analysis for 08-15 Jan 2024Hello traders,
I’m Dragos, I’ve been trading the markets for 4 years and I’m a profitable trader.
I've been closely monitoring the GBPJPY pair and wanted to share some insights from my recent analysis.
Here's a brief overview of my findings:
1. Weekly -The weekly has changed to bearish at the begining of december, but daily trends are showing bullish signs, which aligns well with my analysis because the price is trying to reach the 61.8% fibonnaci retracement level.
2. Daily - Recently, I've observed the price is ready for a pull back to 60-100% Fib Ret area(or simply Swing Zone) before continuing it's bullish trend.
3. Post Non-Farm Payroll weeks often lead to more predictable market structures. I've noted a higher success chance in trades following this pattern.
While I've shared the broader strokes of my analysis, the finer details of entering and exiting trades are something I've developed over time. I encourage you to look at this analysis and consider how they fit into your trading strategy.
The red line is 6EMA projected from daily chart on any timeframe (this is a custom indicator I’ve made)
And the orange line line is 8EMA
Let's discuss and grow together!
Disclaimer: This analysis is a personal interpretation of the market trends. Always do your research and consider multiple sources before trading.
EURJPY H4 / TRADE ANALYSIS, LONG OPPORTUNITY 📈 Hello Traders!
This is my idea related to EURJPY H4. I expect a retracement until the resistance level at the price of 154.000 and after that a Bullish move until the price of 158.400.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
____________________________________
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www.tradingview.com
EUR/JPY BEST PLACE TO BUY FROM|LONG
Hello,Friends!
We are targeting the 157.692 level area with our long trade on EUR/JPY which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
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EURJPY H4 | Bullish breakoutThe price could continue rising and break the buy entry and could continue to rise to the take profit level.
Buy entry is at 158.329 which is an overlap support level.
Stop loss is at 156.286 which is a level that sits below an overlap support.
Take profit is at 161.536 which is an overlap resistance level that aligns with the 78.6% Fibonacci retracement level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
EURJPY, USDJPY, GBPJPY: Thoughts and AnalysisWelcome to 2024 Traders and Tradingview community. So far this week, we have seen plenty of volatility to start the new year. Crypto has seen solid moves, and the USD has been mainly positive into the first week of the year.
The JPY has also been seeing movement, but mainly to the downside into 2024. It's the majors that have caught our attention today as we have watched higher moves contnue. We have run over the USD, GBP, and EUR to the JPY and reviewed what we like and what we are looking for to see further higher moves and possibly new trends or continuations develop.
What do you think? Could we see new continuations if we see pullbacks and new higher highs?
EURJPY Next Sell opportunity 158.00 - 158.52EURJPY Next Sell opportunity 158.00 - 158.52
Target will be +270 pips. get for as a 2 targets.
Current situation
Running with near the 4h resistance level. Pressure level is 158.50 and support level 153.85
If broke 4h resistance 158.50 enter for buy trade immediately.
EUR/JPY H4 | Bullish bounceEUR/JPY is rising towards a swing-high resistance from the overlap support level.
Entry: 156.225
Why we like it:
There is a overlap support level.
Stop Loss: 155.268
Why we like it:
There is a pullback support level.
Take Profit: 158.360
Why we like it:
There is a swing-high resistance 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.
EURJPY Day | Bullish bounceThe price has bounce off the buy entry and could continue to rise to the take profit level.
Buy entry is at 155.951 which is a pullback support level.
Stop loss is at 153.088 which is a level that sits below a swing-low support.
Take profit is at 163.504 which is a swing-high resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Two ideas of analysis: bullish and bearishHello there,
I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones.
I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering various scenarios that are likely to occur in the market.
Although I'm going to share my analysis with you, please note that I won't be providing a buy or sell signal. My goal is to share my unbiased analysis so that you can use it as a guide to make an informed decision.
To give you confidence in my analysis, I'll always share my previous analysis from the same market so that you can compare. All the details of my analysis are clearly labeled, making it easy for you to understand.
I hope my analysis will be useful to you in your business journey, and I wish you the best.
I'm waiting to hear from you. Finally, I'd like to remind you that like-mindedness and support, comments, and likes are the most important pillars of progress, like support points in the financial markets. They give me the energy to continue and share more ideas with you.
Sincerely,