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Eurjpytrade

EURJPY ShortHello guys. In my previous analysis, I have suggested that the price might move in a bearish momentum because the price seems to not break the upper trend line of the rising channel. As we can see here, the price is trying to fill the bearish imbalance created on Friday. It might retest the resistance zone again, maybe to liquidate sellers who had stop losses on that zone. My entry is at 146.2, and I have used the pullback strategy to place my entry position. My stop loss is at 147.6, a place which is 1% of my account and also it is above the trend line/ resistance zone. My TP1 is at 144.8, Tp 2 at 143.4 and Tp 3 at 142.0. I have placed my targets according to my R:R. I am targeting a R:R of 1:3 in this scenario. Kindly, I advice that incase our trade is activated and the price hits the first Tp, secure your trades by moving the stop loss above the entry zone. Risk only 1-2% of your account.
Short
by Vapari_Inc
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.
Short
by Vapari_Inc
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.
Long
by NDOBObanks
Looking To SELL EURJPY Above 145 On This Siganl.....We are now approaching a big Monthly SUPPLY/SELL which starts around 145 which we have more or less touched twice so expecting an impulse rallly up through this level towards the 146 level which is actaully a nice Weekly SUPPLY/SELL zone inside the Monthly so is a nice area to get in to a short on a R/R basis. I will be waiting for a break of 145 and then for my Trend Reversal King indicator to give a SELL signal on timeframes above the 4hr stop loss will be well above the Weekly SUPPLY/SELL zone marked on the chart. Target for this position will the DEMAND/BUY zone that starts around 136 and lower. Again will only enter this position if the signal occurs
Short
by TheFxAce
EURJPY: Can bulls maintain?EURJPY Intraday - We look to Buy at 142.40 (stop at 141.70) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 144.40 and 147.25 Resistance: 144.30 / 147.25 / 151.00 Support: 141.70 / 138.85 / 135.95 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Long
by VantageMarkets
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.
Short
by Vapari_Inc
2
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.
Short
by Vapari_Inc
1
EUR/JPY Long Trade UpdateHey Guys! The current weekly bias on the Eur/Jpy is short. Or in other words, price is likely to reach 124.38 before reaching 145.63. However, like I've been mentioning over the last couple months, the EurJpy has overarching long strength, thus I am waiting for the weekly bias to revert back to long so I can take a long entry. As of today, there is a possibility that the weekly bias may go back to long. In this post I explain the reasoning behind the long entry and the possible confirmation of the weekly bias reverting back to long for the long entry. That's it! I'll keep you guys updated! Ken Disclaimer: This is not Personal Financial Advice.
Long
by TradingForexPriceAction
1
EUR/JPY Long TradeHey Guys! The current weekly bias on the Eur/Jpy is short. Or in other words, price is likely to reach 124.38 before reaching 145.63. However, like I've been mentioning over the last couple months, the EurJpy has overarching long strength, thus I am waiting for the weekly bias to revert back to long so I can take a long entry. In this post I explain the reasoning behind the long entry as well as what I'll be looking for, for the long entry. That's it! I'll keep you guys updated! Ken
Long
by TradingForexPriceAction
3
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.
by benny_marshall