Eurjpyprediction
EURJPY BUYTake a buy on eurjpy as it consolidated few hours and showing rejection candles , it is expected to go long . Its a high quality trade and will give atleast 50 pips .
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( Falcon Strategy )
EURJPY Buy Plan | Entry details in description EURJPY Buy - Entry- 126.755 SL- 126.086 TP- 128.762 NOTE - Please do your own analysis before taking this trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
EURJPY MASSIVE SWING ( DONT MISS THIS ONE)Through back, we had a price that was trapped inside a bearish channel and then price changed direction immediately after tested the overall support, Currently price has break the channel and has provided impulse move to the upside let's wait for a RETEST before Longing EURJPY
EURJPY H4 view PREPARE TO TRIPPLE YOUR ACCOUNTS WITH EURJPY EURJPY Will go short after RETEST however in overall we are looking for BUYING ( SWING)
EURJPY BullishAs we can see a range market since 2/12/2020. Now market showed us a Elliiot wave bullish sign.
1st it will touch support line or TL then it will shoot.
EUR/JPY Technical Analysis
The counter has broken out of the critical resistance of 126.8-127.
Further, it has broken out after strong consolidation in the form of flag patterns in price action and RSI indicator.
Hence, we expect the breakout to sustain and catapult the prices higher.
EurJpy needs to make a decision For almost a month now, EurJpy is trading in a tight consolidation just under 127 important resistance. Since May the trend for the pair is clearly up and now we also have a rectangle continuation pattern. I expect a break above 127 sooner rather than later and the pair should accelerate gains to 130 next important resistance.
I'm bullish as long as the price stays above 125.50
EURJPY: Don't Miss the Great Sell OpportunityThere is still a possibility of temporary retracement to suggested resistance line (126.75). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Hi traders. Possible bull trap formingHello Traders, Avramis Swing has suggested a possible Bull Trap forming on EUR/JPY H4 Chart @125.774. The Fibonacci levels outline potential targets, with an invalidation level at around 126.729. Let us know your thoughts in the comment section below. We will execute this trade once all our rules are aligned. We suggest keeping this pair on your watchlist.
Trade Details
Entry: Sell Stop @125.774
Stop: 126.729
Target 1: 125.211
Target 2: 124.256
Target 3: 122.699
Time Frame: H4
Trend: Down
Pattern: 11
Overall score: 5
We suggest closing half your position @Target one and moving your stop loss to the breakeven level.
Leave the remaining position for Target two.
EurJpy- I maintain my 130 targetFor almost 2 weeks now, EurJpy is consolidating gains just under important horizontal and long-term trend line resistance.
As I said before, I expect a new leg up from this pair and 130 zone is my target.
125.50 zone should be very well defended by bulls and a break above consolidation should bring continuation and confirmation
EURJPYUpdate to my previous chartwork: I believe the overall trend for this pair is bullish bias, however there will be be a moderate retracement below the 125 handle. I left out indicators as I trade purely based off naked charts/candlestick analysis more often these days as they've been playing up to par.
EURJPY – The Uptrend with the target of 128In weekly chart, the wave of 2 / B has ended in the range of 94.11, the price is currently in wave 3 from point 3 / C.
( Weekly Chart )
In sub- waves of wave 3, the wave 2 is completed with a Diagonal pattern in the range of 114.39.
In the daily chart, with the completion of wave 2 in the range of 114.39, the first ascending wave in 3 is ended in the range of 127.07, and its retracement movement is finished in the range of 121.51.
(Daily Chart )
In the 240-minute chart and by reviewing the details, it is clear that the price is in the wave 3 of iii, which should be a long wave. The confirmation of this uptrend will be received by the price crossing the range of 126.73.
EurJpy- consolidation in descending trendlineAs I said yesterday I expect EurJpy to continue higher.
As we can see from the daily chart the pair is consolidating for 7 trading days now just under this important and definitory resistance and in my opinion, we will have a break to the upside.
125 is very strong support now and 125.50 zone should hold for the bulls to be in total control
EurJpy- Can break above 127In my last EurJpy, I said that I expect 125 resistance to be broken and the price to reach 127 zone. This happened and we may ask, now what?
As we can see from the chart, the impulse for EurJpy is strong and although we have a normal correction from 127 zone, this is forming a flag.
I expect the bulls to defend 126 zone and eventually EurJpy to break above 127.
Also, a break above 127 would be a signal for a long term change of trend.
P.S: UsdJpy looks like will go above 105 and also EurUsd is in a strong uptrend on the medium-term, so would mean a perfect situation for buying EurJpy
EUR/JPY Wave Analysis
The counter is currently in a short-term bull cycle.
It is now in a consolidation phase which could be termed as wave 4.
We expect the pair to surge to the high to complete wave 5.
Crazy Long Opportunity for Swing EUR JPY +700 pips !!!According to Breakout downtrendline + Fibo Ext +Price Action
EURJPY - The completion of the first uptrend from point iiiIn continuation of the analysis for this currency, and in the chart of 240 -minutes, the price has been able to reach the range of 126.65 with 5 ascending waves. Also, it has entered the corrective phase of this uptrend. Since the price is located in wave iii and from its sub-waves located in 2nd wave, we may probably encounter a short corrective movement and then the uptrend in 3rd wave. The intended range to complete this correction is 125.75 to 125.20, if it crosses the range, it can be extended up to the range of 124.30. As it can be seen in the picture, the range of 122.84 is a very important range, by crossing this range, we should think of the uptrend doubtfully.
4HR Analysis for EURJPYI believe the overall trend for this pair is bullish bias, however there will be be a moderate retracement to and below the 124 handle. I'll keep it short on this post and let the audience do some digging on my chartwork to see if it makes sense. I based this chartwork solely off pure market movement and left out indicators. Please feel free to ask me any questions.
EurJpu- to break above 125- 200 pips possible tradeThe drop from 127 to 122 is clearly corrective in nature and, after finding strong support at 122, the EurJpy has risen in a constructive way.
Now the pair is trading just under 125 important resistance and neckline of an H&S and I think a break up is inevitable.
That being said my strategy for this pair is buying dips and 127 could be a reasonable target.
