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Eurjpyanalysis

EUR/JPY Short Trade UpdateHey Guys! Just a quick update! As you guys know the current weekly bias on the Eur/Jpy is still short. Or in other words, price is likely to reach 114. 40 before reaching 133.68. (Though the main target has changed. Explained in the video.) In this video, I explain the short position I'm currently holding and the reasons why I took the entry, as well as how I plan to trade this set up in the coming days and weeks. That's it! I'll keep you guys updated! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Short
by TradingForexPriceAction
4
EUR/JPY Short Opportunity: Heading to its trendline resistanceFundamentally EUR is under pressure because of the Russia-Ukraine war. But JPY is also weak a lot. As a result EUR/JPY has advanced nearly 650 pips from its recent swing lows. There is no credit for EUR in such up. Just because the JPY is too weak. "The longer the war continues, the more likely it becomes that the real economic and inflationary effects for the eurozone will be significant. And that is why that prospect is negative for all EUR-related pairs. EUR/JPY is one of the major indicators for the stock. If EUR/JPY drops, I have seen the stock also drops. That's why investors use EUR/JPY as a stock indicator. European countries invest more in the military, defense, and security sectors than their economy. So, if the Russia-Ukraine war keeps continuing, the European economy will harm a long time. So, I don't think EUR will remain strong against JPY based on the present condition. So, if we get EUR/JPY in trendline resistance level, there could be a good chance to short EUR/JPY. ER/JPY short zone ( Trendline Resistance Zone): 132.50/133.00 Stop Out level: Above the trendline resistance level and high swing zone: 134.30/134.50 Target zone 1: Immediate trendline support: 130.00/129.85 Target Zone 2: 127.50/127.00
Short
by Gold_Trading_Expert
1
EUR/JPY Short Trade UpdateHey Guys! Just a quick update! As you guys know the current weekly bias on the Eur/Jpy is short. Or in other words, price is likely to reach 114.40 before reaching 133.68. In this video, I explain the short position I'm currently holding and the reasons why I took the entry, as well as how I plan to trade this set up in the coming weeks. That's it! I'll keep you guys updated! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Short
by TradingForexPriceAction
1
EURJPY | Perspective for the new weekSince my last publication on this pair (see link below for reference purposes), prices have continued to spiral downwards thereby emphasizing a downtrend momentum as the JY129 area remains the significant level keeping price under. Despite hawkish ECB, the meeting might fail to offer the Euro a lift anytime soon as I suspect that the bears are about to project into the lows in the region of 124.00 area in the coming week(s). Tendency: Downtrend (Bearish) Structure: Supply & Demand | Trendline | Reversal pattern (Double Bottom & Breakdown) Observation: i. Jumping in on our 4H timeframe; it is obvious that price action has continued to find lower lows since the 10th of February 2022. ii. A visual representation of a trend after connecting a series of prices with a line drawn above pivot highs shows the prevailing direction and speed of price in the last month. iii. The successful breakdown of the JY129 areas which has held price "supported" since the last quarter of last year emphasizes the seller's power at this juncture in the market. iv. During the course of last week's trading session, we witness the Euro grow 3.70% against the JPY only to find a significant resistance at the key level (JY129) on Thursday and Friday with a reversal set-up emerging within an area that is peculiar with selling potentials. v. Now, the appearance of a Double Top structure within the identified Supply zone which also shares a confluence with the bearish trend describes a potential trend continuation if we finally see a breakdown of the Neckline around JY127.5 in the new week. vi. In as much as anywhere below key level appears to be a comfortable area to sell considering current structure, it is advisable that we hold and wait for a breakdown of neckline to join the potential decline... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 350 pips. Risk/Reward : 1:5 Potential Duration: 4 to 8days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored... I shall be sharing a video of how I am going to take advantage of this trade if the price goes as planned on my new jou tube channel. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
EUR/JPY - Wait for BreakMonthly: 1. Very strong push to the upside after break 2. The price now face stron resistance Looks Neutral for now Weekly: 1. Double Top 2. Break of strong support level 3. Neckline test with rejection Looks bearish for the moment. If see bearish signals on lower timeframe i will sell. Daily: 1. Morning star formation from the bottom 2. Inverted Head and Shoulders pattern Inverted Head and Shoulders pattern is trend reversal structure so I will watch carefully what will happend next week. 4H: 1. Inverted Head and Shoulders If brake up will be good chance for buy when pullback for test. If brake down will be good chance to sell when pullback for test.
by Trader_Petrov
2
EUR/JPY Short Trade UpdateHey Guys! Just a quick update! As you guys know the current weekly bias on the Eur/Jpy is short. Or in other words, price is likely to reach 133.68 before reaching 114. 40 . In this video, I explain the short position I'm currently holding and the reasons why I took the entry, as well as how I plan to trade this set up in the coming weeks. That's it! I'll keep you guys updated! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Short
by TradingForexPriceAction
1
EURJPY LONGS📉📉📉📈 Expecting bullish price action on EURJPY as price takes out sell stop liquidity where a lot of retail stops where, also price takes out liquidith below the psychological area 128.000 and closed above with a high bullish momentum on H4, i see a retracement on the JPY INDEX meaning JPY should go down and EJ would go up. RSI/Stochastich Indicator are below 20 area meaning a reversal should occur because price is oversold from a mathematical standpoint. 7 What do you think ?
Long
by AnonimFXRO