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Eurjpysignal

W Formation on EURJPY showing strong upside to 157.57W Formation formed on EURJPY. Broke out and now is showing upside momentum. 7>21>200 RSI>50 (Higher Lows) Target 157.57 SMC Sell Side LIquidity Order block where SM is sweeping sells and buying into them. Hence we placed a stop loss just below this order block... NOTE: This formation is a W Formation and NOT a Cup and Handle because the second rounding bottom is more than 50% of the first rounding Bottom. If the height was less than 50% then it'll deem it as a Cup and Handle
Long
by Timonrosso
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. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
1
A 1,000 Pip+ Move On The Cards ???Huge potential for this trade to move down with well over 1,000 pips on the table for the long term swing. On the Monthly charts we are at a long term SUPPLY/SELL zone and the weekly charts is showing us that this area is getting respected with the sideways distribution period that has been in play most of this year indicating buyers are getting exhausted and sellers are positioning themselves to turn the tide downwards. One thing I notice is the gap up on the weekly charts at the beginning of this week/month this is a good indication that we should be looking to sell this pair very soon because the GAP is occurring at long term SUPPLY/SELL zone at the top of a move this is a sign of buying exhaustion. Hence I will start looking for SELL signals on the 8hr to Daily chart using my TRFX king indicator first easy target for this pair should be the bottom of the distribution zone that I have marked in green where we will likely get a reaction upwards before moving downwards towards 133. This is a long term swing play and may take a while to work out though the indications are looking very clear that we will be moving down off course a clear break and close above the Monthly SUPPLY/SELL zone will invalidate this position.
Short
by TheFxAce
4
EURJPY 1HR CHART SIGNALWe have a nice head and shoulders pattern on the 1hr time frame for EURJPY, there is also double confirmation coming from a good rejection from the 4hr resistance @144.486. we also see the breakout of the uptrend we currently had going on for the past week making it even better opportunity for the sell coming up. A nice point of entry would be around @144.000, putting our SL right above the right shoulder which would be around @145.500 giving us a good space incase we see a small pullback allowing us to stay inside our trade. For our TP I am looking at 1-1 risk/reward so the first TP would be @142.500 and to maximize our profits I would aim for the seconde TP down to the 4hr support which would be around the @140.317.
Short
by Juliansd
1
EurJpy- All eyes on 143 zoneTwo days ago I've said that I expect a rise for EurUsd and also a rise for UsdJpy (Stronger than Usd Euro, but also stronger than Jpy Usd) and this will give us a double effect on EurJpy. Indeed, this happened, and EurJpy rose 300 pips in these two days. Technically speaking, at this moment, the pair is above 143 resistance, which is now support and is correcting from the very important 145 resistance. In my opinion, after this correction, EurJpy will resume its rise towards 150, and dips from this possible drop should be considered good opportunities for bulls. As said, the 150 zone remains my target for the medium term and a drop under 142 would negate this bullish scenario
Long
by Mihai_Iacob
13