EUR-JPY - SHORT SETUPEur-JPY looks nice for a short setup, but first, we need a break suport ( white line ) and confirmation on 15min tf to enter in this short setup.
Eurjpyshort
EUR/JPY +120 Pips 0 Drawdown From last Free Entry , UpdatedThis 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.
Nikkei break out? - China's JapanificationThe recent Nikkei rally is bringing it ever closer to that "magical" 30,000 level which it hasn't touched since the late '80s collapse.
IFF a breakout occurs, expect a collapse in all XYZ/JPY pairs - since, true to form, every equity/hedge fund in the world is expected to pile in.
Internal Chinese (export/import) numbers are showing a fair pick up in exports - post Covid - BUT a very anemic internal demand, with import numbers steadily surprising to the down-side (by a lot!). Simultaneously Japanese heavy industry is racking up some solid numbers lately, especially in regard to steel, automobile and electronic components.
All of this is fueled by an abating chip shortage, giving world wide car production a boost.
E.g. Watch the Nikkei price action and fully expect a blinding YEN rally should that 30,000 level get blown away!
Finally Good Bearish P.A On EURJPY,Let`s Sell It To Get 200 PipsThis 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.
SHORT - EURJPY (H4) (27 May 2023)Swing Trade - EURJPY
In Weekly Chart,
- Price broke historical high. The danger of it is that it is vulnerable to news and may be over-heated.
- Hence, to be on the more conservative side, wait for price to break a zone or TL to know what it will do
- Expecting price to come down in future
In Daily Chart,
- Wait for price to do something.
- SHORT opportunities are more probable than more LONG trades
- There will be massive pips to gain if price reverse back to SUPPLY zone/s.
💡 EUR/JPY Short setup. 🔻Hello traders.
Looking into this pair I can see that EUR longs are becoming exhausted. Currently we are in extremely overbought territory. On the daily we have the RSI coming out of overbought and on the 4H we have massive divergence. Also on the 4H we have broken support. However we have now come in contact with a daily support zone. I am expecting price to bounce around for a while as long positions take profit.
EURJPY: Despite the alarming inflation figures from Germany and.The EUR/JPY pair extended its losses for the second consecutive day, sliding to 157.40. Strong retail sales data from Japan contributed to the strengthening of the Japanese Yen. Despite hot inflation figures reported in Germany, with CPI rising to 6.4% (compared to the expected 6.3%), and in Spain, with CPI reaching 1.9% (compared to the expected 1.7%), the EUR/JPY pair still faced pressure. However, the increased interest rates in Germany limited the potential depreciation of the Euro.
EUR JPY Short Setup - Bearish Divergence Play Well. OANDA:EURJPY EUR JPY Short Setup - Bearish Divergence Play Well in 1hr
EURJPY Daily Hanging Man Candle Pattern#EURJPY Has been in uptrend for long enough time and the pair has started to show some exhaustion by creating this beautiful reversal pattern at the top. We have a potential opportunity for a short trade. + Don’t Forget To Match With Your Strategy.
Like + Comments Will Be A Big Support.
Disclaimer: Buying OR Selling is your own decesion.
This is just my personal view of the market for educational purposes.
EURJPY Pullback Sell Opportunity- Price is in an overall uptrend, creating higher highs and higher lows
- Price made a bullish push and broke above the initial resistance/supply zone (blue rectangle), which now acts as a form of support/demand zone.
-Price previously closed as a hanging man candlestick pattern which also hints at a possible reversal.
- If the next candle ends in a bearish candle, I will anticipate price to sell off and test and find support near the 50.0-61.8 fib level.
EURJPY is building a bearish case EURJPY has sold off on the day with terrible PMIs and that plays into the BoJ and ECB narrowing of the divergence theme as well. Looking for an area to short from.
EURJPY - Bearish Setup - Hight TF Supply AreaPrice has tapped into weekly supply area and a market structure shift on LTF confirming a retracement to 0.382 Fib level and 4H demand level.
Entry: 155.864
TP:153.196
SL: 156.516
RR: 1:4
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EURJPY Day Trade SellFX:EURJPY Sell
Day Trade today
EURJPY Sell 155.969
Top 155.600
It has reached the resistance and moving horizontal so good opportunity to sell
EURJPY - BEARISH DIVERGENCEBased on the Relative Strength Index (RSI) indicator, there is currently a divergence present. Once the first HL (Higher Low) is broken, and first LH (Lower High) and LL (Lower low) are formed this would confirm the formation of a bearish trend. I plan to enter a short trade with a 1:1 risk/reward ratio.
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
EURJPY EXPECTATION (WEEKLY CHART) Hello everyone. The above chart is my weekly analysis for the EURJPY pair. Do note that this is my long term analysis for the next/couple of years to come.
This is my personal view. Let me know what you think.
Trade with care. God bless you.
EURJPY: New events!Asian stock markets could fall in Monday's trade as investors await to see if the recent sell-off in long-dated bonds will last and could ease pressure on the dong. Dollar.
The MSCI index of Asia-Pacific shares (excluding Japan), was down 0.02% at 562, but still near the January high of 574.52.
Japan's Nikkei (N225) fell 0.4% after hitting a six-month high on Friday, as Japan recorded a record economic contraction in the second quarter.
E-Mini futures for the S&P 500 were up 0.25%, well below a record-high close of 3,386.15.
US second-quarter earnings season will end with major retailers reporting this week, including Walmart Inc (N: WMT), Home Depot Inc (N: HD) and Kohls Corp (N: KSS).
Politics will be in the spotlight as the Democratic National Convention kicks off the 2020 presidential election season.
EUR/JPY potential triple top pattern : Time to sell?Dear traders, we can see the formation of a potential triple
top pattern in EUR/JPY.
EUR/JPY is currently in the resistance level. So, if we see bearish
price action that this resistance zone, we can consider selling
EURJPY@ 151.30-151.60 with SL above resistance and TPs
at 148.73, 146.60.
EURJPY bullish - longEURJPY looks bullish.
Price remains in the channel.
It has retested the lower boundary of the channel and confirmed it as a support once again.
We're expecting the price to rise from here and retest the upper boundary of the channel which is a final target for longs and entry for shorts.
Take profit: 151,319
stop loss: 147,038
EURJPY ShortOANDA:EURJPY
The price has reached the upper trend line and Gartley pattern has also been formed. I expect the price to fall to the specified areas.
Have EurJpy topped?From the recent low under 140 and the important 143 resistance break, EurJpy has risen more than 1000 pips.
However, in the past months seems like the pair lost its power to the upside and could enter in a range trading phase with a top above 150 and a bottom slightly under 147.
The price action in the past 2 trading weeks is drawing a H&S pattern on our charts and in a case of a break under the 148.50-148.70 zone, this pattern is confirmed.
The target in such an instance is, as said, in 147 zone and negation comes with a daily close above 150.
EURJPY - Time for a Bearish Trend! 🐻📉
Looking at the graph, we can clearly identify the formation of the shoulders and the head pattern. The pronounced thickening marked in yellow indicates a significant support and resistance (S/R) level. Once this level is broken, it confirms a downward trend with substantial profit potential. 📉💰
Based on this analysis, the target for the downward movement lies within the liquidity zone at the 146.30 level. Keep a close eye on the price action as it approaches this area, as it could present a lucrative opportunity for traders. 🎯💼
Furthermore, it's worth noting that the JPY has been weak for an extended period. This can add to the likelihood of a correction in the near future. Let's face it, things have been a bit monotonous with the persistent weakness. So, buckle up and get ready for some potential excitement ahead! 🎢😄
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Remember, this contribution serves as an informative analysis and should not be construed as financial advice. Stay informed, stay connected, and happy investing! 🌟📈
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EURJPY is bearish!!Price continue to make lower highs and lower lows which means a reversal has started
EURJPY 2June2023the possibility of wave 5 cannot continue bullish to go higher than wave 3 and now the price looks like a reversal I marked with a bearish confirmation level line. you can go short at this time.
