EURJPY Retrace Triangle After BreakoutTechnical analysis shows major and minor trend are bullish. But bearish RSI divergence raises scope for some weakness.
Eurjpyprediction
EURJPY Next Possible Move#EURJPY ( Euro / Japanese Yen )
- BULLISH CHANNEL in Long Time Frame #LTF
- Breakout of Lower Trend Line #LTL and Retracement at Fibonacci Level - 78.60
- Expanding Diagonal as Corrective Pattern in Short Time Frame #STF
- Impulse Correction Impulse - Completed " ABC " Corrective Wave
EURJPY Distribtuion phase indication short for 142.6021st October daily key reversal bar made a new high closed towards the low. Price consolidated ahead due to key reversal bar closing towards the low. short with low risk, add more short if pulls back upside. Target: 142.60, stop loss above key reversal bar high.
EURJPY - Sell-off started ✅Hello traders!
‼️ This is my analysis on EURJPY .
Here we can see that price broke the market structure, so I am looking for shorts now. I expect to continue bearish price action as price mitigated bearish orderblock and rejected.
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EURGBP - FUNDAMENTAL AND TECHNICAL VIEW#EURGBP
- Currently the MARKET SENTIMENT for EURGBP is slightly on the DOWN SIDE. The main reason for that is the NEGATIVE RISK SENTIMENT for EUR. And we can mention the BOE intervention. The reason for NEGATIVE SENTIMENT in EUR is USD BUY. Due to this reason, all MARKETS including STOCKS can be seen UP due to MARKET RISK OFF. It affects the EUR in a big way.
- EURGBP can definitely go up to the SUPPORT LEVEL below. EUR may be slightly WEAK due to USD STRONG at the moment. Accordingly, EURGBP can go up slightly until the 0.9200 LEVEL. And before that EURGBP can be SELL to 0.8565 LEVEL.
EURJPY ShortHello guys.
This price has been forming a rising channel/flag, which might be a strong indication that there might be a strong bearish momentum (1D).The price has retested the upper trend line, and if it fails to break it, then a bearish momentum is inevitable.
Foe my long term strategy, I anticipate that the price will be bearish. For the upcoming analysis of the price, I will discuss in-depth on how I will enter my trade, my targets and stop loss using a shorter time frame.
Remember, only risk 1-2% of your account.
EURJPY LongList of confluences:
1: Falling Wedge Breakout
2: Trendline Breakout
3: Key Level Breakout and Change in Market Structure
When looking at the larger time frames, we can see that EURJPY remains in a uptrend. We have also seen the market pull back which signalled a chance to
enter in the direction of the bigger picture trend. We have listed 3 reasons as to why we will be looking to Buy/Long the pair. We are expecting a potential
return of between 12.12 % to 24.24% at 1 - 2 % risk per trade.
EURJPY - Retracement to bullish orderblock ✅Hello traders!
⁉️This is my analysis on EURJPY .
Here we are in a bullish market structure, so I am looking only for longs. I expect price to make a retracement after rejecting from institutional big figure 147.000. I am looking for a long position from bullish orderblock 142.000 or 139.500.
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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
EURJPY Will Go Up!EUR-JPY broke a falling
Resistance lines which make me think
That after the pullback and retest
The price will go up
EURJPY R:R 1:6 Try to catch 600 PipsThis is for short term
And this is risky too.
Please DYOR before entering the trade.
EURJPY Next Possible MoveTechnical Analysis Chart Update
EUR / JPY ( Euro / Japanese Yen )
Time Frame - H4
BULLISH CHANNEL in Short Time Frame #STF
Symmetrical Triangle in Long Time Frame #LTF and Rejecting from the Lower Trend Line #LTL
It is Following Corrective waves " ABC "
It can Follow Some Bullish moves till its Demand Zone at Fibonacci Level - 61.80%
EURJPY Will it fall?This is for short term
Always place yor order where you place stoploss.
Wait for manipulation at the Equal High and Low Areas.
Please DYOR before entering the trade.
EURJPY ShortThis pair, which had a fast bearish momentum back in 22nd September, needed to fill the gap / neutralize the long wicks which were formed at that point.
The price is now at a major support zone (the zone where the breakout initiated) and offered some resistance. I anticipate that the price might not break out of the pivot point as it acted as a zone where the big players need to activate the sell orders which were not initiated.
My entry point is @142 and My stop loss @baspui1436
My target is at the next major market zone, @138.0
My Take Profit point are 141.0, 140.0, 139.0, and 138.0
My R:R IS 1: 4
Remember, risk only 1 - 2 % of your account.
EURJPY ShortAccording to the higher timeframes (W,M), the price has been forming a rising channel / flag, which might be a major indication of a bearish momentum.
Also, according to the market sentiment, 65% of the traders are net short and the percentage is decreasing each week, suggesting many are shifting to the long term position of the price.
According to how I interpret this, then the price will have a bearish momentum, to move out of favour for the traders who are shifting to the bullish strategy.
My long term strategy is 134.3, and the next series of analysis will be to come up with entry positions using smaller timeframes.
EURJPY possible short for 141.1013th September daily inside bar. 14th September daily insurance bar. 20th September daily key reversal bar made a new high closed towards the low. supply zone for short 143.20-65. stop loss above 143.60 i.e 143.90. target: 141.10
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY
- There is currently a DOWNSIDE BIAS for EURJPY. With JPY being STRONG, XXXJPY CURRENCIES are selling very fast right now. MARKET RISK is still being OFF. EVEN IF VIX UP, XXXJPY CURRENCIES BUY VERY FAST WITH JPY WEAKNESS. Maybe EURJPY can reach 138.651 LEVEL and it has gone down.. 138.65 is a very good SUPPORT LEVEL..
- Some NEWS coming for the USD will help to weaken or strengthen the EURO. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. For that, the support of EURO STOCKS and VIX must be received.
- Anyway, the price can move to the area I mentioned and after that the EURJPY price can move back to the 147.692 LEVEL. For that, VIX should be DOWN and JPY should be WEAK.
Eurjpy bullish forecasteurjpy bullish trend .wait for retest demand zone .when market retest the demand zone we will bullish
EURJPY possible buy zone!!EURJPY 4H has formed a doji on the weekly timeframe. This market is long-term bullish and weekly doji has created another opportunity for buyers as prices currently rejecting weekly support. It is highly likely price will continue to rise and, with a higher low on the support level on 4H, a bullish trade is highly probable.
EURJPY is preparing for a rise!!EURJPY (4H) is forming a strong bullish price action with a double Doji and liquidity grab from the daily support zone. As long-term price action is bullish, it is a high probability that eurjpy will continue to rise as JPY is weakening, lower timeframe price action is bullish.
A buy trade is high probable from this level of support.
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Eurjpy ready to big drop enter with beginning trendEurjpy ready to big drop enter withthe beginning trend we expect market ready to drop we will enter from supply zone.
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY
- EURJPY currently has an UPSIDE BIAS. With JPY WEAKNESS, XXXJPY CURRENCIES are BUYING very fast right now. EVEN IF VIX UP, XXXJPY CURRENCIES BUY VERY FAST WITH JPY WEAKNESS. Maybe it can reach 143.711 LEVEL. 143.711 is a very good resistance limit.
- Some NEWS coming for the USD will help to weaken or strengthen the EURO. But if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more.
- Anyway, the price can move to the area I mentioned and after that the EURJPY price can move back to the 137.06 LEVEL. For that VIX should be UP and JPY should be STRONG. eurjpy
EURJPY: Dips keep getting bought!EURJPY
Intraday - We look to Buy at 141.30 (stop at 140.35)
We are trading at overbought extremes. A lower correction is expected. With the Ichimoku cloud support below we expect dips to be limited. We look to buy dips.
Our profit targets will be 144.10 and 144.30
Resistance: 144.30 / 147.25 / 151.00
Support: 141.70 / 138.85 / 135.
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