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
EURJPY
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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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.
✅LIKE AND COMMENT MY IDEAS✅
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.
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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,
A short increasing in USDJPYHi guys,
USDJPY currency has been decreased as we told you 2 months ago until support level.
Now we expect to increasing it until 147-148 and after that we will sell it again.
You could buy it with low volume until 146-147 and with decreasing signs (probably 1-2 months later) enter in sell positions.
Write your opinion here :-)
EURJPY H4 | Reacting off 38.2% Fibo levelThe price of EURJPY could reverse from the sell entry and fall to the take profit level.
Sell entry is at 156.240 which is an overlap resistance level that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 157.934 which is a level that sits below a pullback support.
Take profit is at 153.843 which is a swing-low support 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.
Bearish Continuation?? - EJHere I have EUR/JPY on the Daily Chart!
Ever since price made its High on Nov' 15th, it has been in a decline.
With current Price Action making a series of Higher Lows into Higher Highs all while the RSI is below 50 leads me to believe we are looking at a very convincing continuation pattern called a Bear Flag!!
With the Bear Flag, we suspect Price will give us a Solid Bearish Break below the Support Leg of the Rising Channel to continue LOWER!
Strengthening my Bearish Bias is the Flattening of the 200 EMA with Price working LOWER out of the Consolidation Zone and the Interaction of the EMA with price showing strength possibly switching!
*Still waiting for Break and Close BELOW 200 EMA to confirm*
Be Aware! Price is still playing within the Parameters of Consolidation so I've marked the potential reversal area as the Support Zone.
Fundamentally this week:
EUR - Holiday (Mon) PMI (Wed) CPI (Thur)
JPY - Holiday (Mon)
*Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!
-Pattern Prediction-
**If Price Breaks and Closes above Rising Channel, Pattern INVALIDATED!
**If Price Breaks and Closes below Rising Channel, Pattern CONFIRMED!
EURJPY - Following The Bulls ↗️Hello TradingView Family / Fellow Traders,
📈 EURJPY has been overall bullish, trading inside the rising channel in blue and it is currently approaching the lower blue trendline.
Moreover, the zone 150.0 is a robust round number and demand zone.
🎯 Therefore, the highlighted blue circle represents a significant area to consider for potential buy setups , as it marks the intersection of the green demand and lower blue trendline.
📚 As per my trading style:
As EURJPY approaches the blue circle zone, I will be actively searching for bullish reversal setups to capture the next bullish 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
While Everyone is Selling EUR/JPY, It Looks Like It Will RetraceIf you trust math and geometry then there should be a small retracement for eur/jpy. Harmonics indicator says there will be a small push up, taking out many stop losses of those who expect it to continue falling. Big banks will profit, and then continue the actual direction - down.
What do you think?
The EURJPY still bearish – Analysis – 13-12-2023 The EURJPY still bearish – Analysis – 13-12-2023
Trend strong bearish
new sell signal today
The EURJPY pair confirmed its affection by the domination of the bearish bias due to the frequent negative closings below 157.60 resistance, forming sideways fluctuation near 157.00 due to the continuous contradiction between the major indicators.
Note that it is important to gather the negative momentum to manage to activate the bearish attack, to expect crawling towards 155.90 level soon, while breaking this obstacle will push the price to 155.40 as a next main target.
The expected trading range for today is between 157.35 and 155.90
The expected trend for today: Bearish
EUR/JPY H4 | Potential bearish breakoutEUR/JPY is falling towards a multi-swing low support and could potentially break off this level to fall towards our take-profit target.
Entry: 156.244
Why we like it:
There is a multi-swing-low support level
Stop Loss: 157.853
Why we like it:
There is a pullback resistance level
Take Profit: 154.415
Why we like it:
There is a swing-low support 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.