EURJPY sell setupeurjpy is at strong resistance area a move to the down side expected
look for bearish confirmation on lower time frames and sell with your own money management
patience is the key
Eurjpyanalysis
EURJPY SELL AGAINHi fellow traders, EURJPY has formed a new corrective structure after the last drop. Look for a sell opportunity from this area. The trade will be invalidated if we break the red line. Target the support levels. Good luck and trade safe!
EURJPY shorts on Global Macro expectations The reasons that back my case are simple.
First of all, we need to take into consideration that Yen is a high risk off asset, with yen longs taking place whenever there is a big uncertainty in the world, or a black swan event unfolding.
If you believe that a big crisis is yet about to be seen then you need to consider shorting EURJPY , I personally do for the reasons below.
Yen Long Factors
-New Governor UEDA taking head and within the next meeting of 28th of April along with market expectations Yen is expected to appreciate on expectations that the bank will widen the Yield curve band or even
will take it off. Any positive tone on Interest rates will be considered at the meeting as well.
-Sharp decreases in headline inflation such as the one from 6 down to 5% are signs of a big incoming crisis. Usually, when we run into recession, inflation is drastically moving to the downside, this drugs US Yields lower on expectations for more rate cuts taking place from FED this year.
-U.S. NFIB Small Business Optimism showing a bleak picture. Even though this indicator is considered a 1-star indicator from calendar news, it is the omen of the US unemployment rates and Jobless claims climbing up while US NFP and Jolts data moving lower. So on the aggregate, it is the first sign before US Labor data start showing a very bad picture.
EUR Short Factors
-EUR Large Speculators are overbought on EUR across the board and this shows that if and when they are about to unfold their positions we are going to see a big short playing on EURO , it just needs a big catalyst to take place for them to follow through.
EURJPY Trading Plan - 27/April/2023Hello Traders,
Hope you all are doing good!!
I expect EURJPY to go Down after finishing the correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
EURJPY sell setupEURJPY is making series of efforts to break the significant area of resistance ahead
we are expecting a move to the downside before any further continuations to the upside
look for bearish confirmation on lower time frame and sell EURJPY with your own money management
always remember patience pays
EURJPY Bearish Scenario (H4 Timeframe)I have been bearish on JPY for a couple of days but there is no way we can ignore this head and shoulder pattern on EURJPY!
If this pattern holds then our possible destination is 145 price level!
EURJPY Bearish Breakout! EUR-JPY broke the rising
Support and the breakout
Is confirmed so after a
Retest of the broken line
Which is now a resistance
We are likely to see
A bearish move down
EURJPY 1HEURJPY near the weekly high point and is overextended, it is expected to retrace back to the 147.717 zone ..
EURJPY sell setupeurjpy is testing a strong resistance area on multiple time frames
look for bearish confirmation on lower time frame around mentioned reaction area above and sell eurjpy with your own money management
always remember that patience pays
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.
EURJPYThis decline could have widespread effects on global financial markets and trade, and could potentially lead to increased export costs for eurozone member countries. In these conditions, it is recommended that exporters and investors, if possible, use various financial tools such as currency exchanges and the stock market to reduce the effects of this decline and achieve greater profits.
GBPJPY and EURJPY top-down analysis Hello 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.
DeGRAM | EURJPY breakout of the resistance levelEURJPY is making higher highs and higher closes, indicating a bullish trend. Price rebounded from the kill zone by printing pinbar.
The market is about to break the small range zone and potentially create AB=CD pattern.
We expect a breakout of the level, a pullback to it, and then a continuation of the trend.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
EURJPY: Adjustment tempo!Hi trader, you look great today!
This is a correction before discovering the peak of 2022
EURJPY - Short IdeaEURJPY will stay cautiously bullish as long as 142.53 support holds. If it breaks this point, EURJPY will change the trend to bearish until 138.9. We have a good risk:reward ratio for a sellers.
EURJPY Target HitA smooth and consistent buying we saw in this pair ...
As I mentioned in my previous post about EURJPY our Target of 146 achieved.
Congratulations to those who took benefit out of this analysis
250+ pips of pure profit 📈
Broke Resistance ie 143.50 and now looks GoodAs I told you guys in my previous Chart (Link attached)
That after placing low around 142.50 EURJPY mentioned resistance was 143.50 and after breaking it successfully now price is in our favor and running in 150+ Pips of Profit...
Eyeing towards its Ultimate Target of 146...
Congratulations to those who took profit out of this analysis...
Follow me to have more Ideas like this...
EURJPY SHORTAs we can see on 4H PEPPERSTONE:EURJPY chart forming SMC BAED another sell setup. Within this week I'm accepting to price slowly move to our entry point & then price will drop to next liquidity level.
DeGRAM | EURJPY test of the psychological levelEURJPY is testing the dynamic resistance and psychological level at 144.000 .
Price action iprinted a double top indicating that bulls are running out of steam .
The trend is bearish on 1H timeframe, the market broke and closed below the level and pulled back to it .
We expect breakout pullback continuation trading opportunity.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
EURJPY - My view on EJ for this week!Hello everyone! Hope you all had a great weekend and Ramadan Kareem all.
For this week I am looking for sells on FX:EURJPY . Waiting for multiple confluences in LTF before entry. Expecting price to move as drawn in lines where market will test previous high region from monthly resistance.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. Together we win!
Regards,
Enzo
EUR/JPY Running In 140 Pips 0 Drawdown, New Entry Added Now !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
