Eurjpytrade
EUR/JPY Tapering To a PointI have previously mentioned that this is near a major downward trendline. There is also a lower trendline which has the price on this tapering to a point. Price is looking more likely to breakout higher from here providing it breaks the resistance. If it does then we can look for a long after a retrace, keep in mind there could be a false breakout although with this being so close to the point I think this is unlikely. Either way confirmation of a rejection from the support level needs to be waited for.
EUR/JPY Now Rising Off SupportThis is now rising from the support I marked out on this pairing 3 days ago. Unfortunately for those that may have entered the long when I posted it may have just touched the SL, hopefully it just avoided as it is now rising again. MACD is set to go bullish above 0 and EMA's are about to cross over. I have set TP at the previous high of 127.344. SL just below the recent lows on support. Keep in mind there is a very major downward trendline just above.
TP - 127.344 or at trendline
SL - 126.050
EUR/JPY to Rise to Trend LineI have been monitoring this for a few days and it has just retraced to the support level marked by the blue line. This could be a good time to long from here. There is a major trendline just above the current price so TP can be set at this line or at the previous high, it depends how long it takes to reach this point. Environment is still bullish as seen on MACD is not below 0.
EURJPY, Big Picture..!T.A Review:
Symmetric Channel Formation
127 seems to be rejection zone
Falling Wedge on Lower TF.
If 127 holds then we'll be dipping hard till
122-123 atleast
Else
If breaks above and holds then 130 incoming.
F.A Review:
Dollar strengthens and Covid can't be ignored.
FED decisions, NFP,ISM and PMI are on the way
as well. Market will be highly manipulative this
month.
EURJPY Buy SignalHey traders, here is the analysis for the EURJPY. NOTE - Please do your own analysis before taking the 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- Sell Trade Start << Lets WatchDisclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management.
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Thank you for your support!
EURJPY CRASH ?We can see eurjpy breakout the big consolidation as well
and now he just making some pattern like bearish flag
so we can see on my chart
i will waiting for third touch for bearish flag or waiting bearish flag at lower timeframe to execute
the clear chart might can reversal as well
thankyou
EURJPY Price In Asecending TriangleEURJPY Price at the resistance breakout above will send price higher
Price makes same structure as the Ascending Triangle and now touching the resistance here need clear close above the resistance for next upward movement
Price can have resistance here and come down to trend line support zone.
||ARE YOU THE SHEEP OR THE WOLF ? (EURJPY)At first glance when you look at this trade you clearly think its going down , which isn't wrong but its the timing that's off by a bit
over time you will come to realise the same eyes you use to see the market are what every body uses too, and that makes you part of the herd and a sheep
and boy are you destroyed !!
this is what I see yet, many of you see bearish sentiment , my hope here is to challenge your first sight instinct but not deter its initial intent
as you will observe we will be shorting this trade but for now we are looking for buying positions ,contradictory but walk with me maybe I can breach a barrier in your assumptions
expecting a pullback in price all the way back to 126.6x and then triggering my shorts to see some off loading of buyers
EURJPY ANALYSISEURJPY ANALYSIS
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EURJPY Buy Idea | Entry details in description Entry - 126.048, SL- 125.644, TP- 127.263 | 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 - Wipe and DieThe main structure has been manipulated with, I will be selling this pair aggressively if we manage to get a clean cross-over.
EURJPY Drop expectationsSorry for the messy chart BUT:
The blue bars representing strong Weekly Resisitance and support zone's
As seen on the daily timeframe we can see that prices are currently being rejected ( see orange trendline which is drawn on the 4H)
The Fib tells us that prices are currently within the Golden zone (0.618 and 0.5)
Via the 1H Timeframe i personally think prices will drop again and EURJPY will make long runs again like the rest of this week.
We can see on the 1H hat prices are consolidating right now . but i think we can drop back to the 126.150 Support area again and probarly even further down to 125.900 support before going upwards again.
See picture below :
Its a messy chart but basicly pretty simple and logic price action/movement.
Have a great weekend!
EURJPY / LONGPrice bounced off the trendline so we can go long, if the trendline is broken we can look for shorts
Quick scalp (22 pips) on EURJPY- 21Jan2021Please check the chart for the analysis and trade breakdown.
