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Eurjpytrade

EURJPYThe overall trend is bullish. But right now the price is in the state of uncertanty. There are chances that we can see a pull back to the downside as the the price cannot break the upper trendline. So we should act as usual depending on the price action at the moment. Don't forget about risk management and always leave space for little mistakes. Remember nobody knows where the price will go next. But there is 100% assurance that it will either go to the upside or to the downside. Cheers!
by Stan_Leimanis
2
EURJPY AnalysisPrice is currently bearish overall so I am only looking for sells. Price has made a double bottom and created a support level. I am going to wait and see what price does because there wasnt a lower low made yet and I do not want to enter a sell at just anywhere. There are three ways I am looking to enter a trade: 1. Price closes below the support showing bearish pressure in the market and signs it will make a lower low 2. I am going to wait for price to test the resistance level and look to get in a sell after 2/3 rejections of that level on the 15 min or if there is a double top formed on the 5 min. I will put my SL above market structure so that I will have a small stop loss with a great 1-3 RR trade setup to target the support level just in case it starts ranging. 3. If price breaks that resistance level and stops me out I will likely be looking for buys as that will mean a higher high was formed and look to enter on the higher low. Hope this helped give you an insight to how I currently see the structure of EURJPY. Make sure to drop a like and leave a comment below :)
by DNiceChampion
EURJPY Analysis: Bearish Signals Showing...EURJPY has a clear double top pattern as we can see more clearly in the daily timeframe which I circled in my chart. We saw a nice rejection off the top level starting to form a possible bearish downturn. Interestingly, as price level falls, we saw a nice bullish retracement to the 123.60 price level resistance level and if we were to use fibonacci retracement for this we can see a nice rejection off 61.8 fib level which starts to show us possible BEARISH continuation. On the other hand, MACD shows an interesting outlook for EURJPY showing that a BEARISH movement may start to take place soon. As of now, I am BEARISH on EURJPY however I will be observing a nice breakout from the trendline I drawn to confirm my BEARISH bias. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!!
Short
by YGForex
EURJPY| STILL BULLISH FOR MEAfternoon Traders, We have clear uptrend momentum, Id be very interested in seeing how price action responds to the last quarterly highs, (dark blue ray line) At the moment price action is clearly indicating to me further moves to the upside, signified by the large buying that is coming in every time price action tries to push lower, I've highlighted my area of interest this is where i will be setting my order long if price action confirms it. if we start showing signs of trend reversal this will usually be significant by large bearish candles, I will of course flip my bias and I will seek an entry to short this pair. do you agree? let me know. Thank you.
Long
by NK008
EURJPY| EARLY MORNING BUY OPPORTUNITY (That I did not take)Afternoon Trader, I will be honest and say this IS NOT a trade I managed to take, I simply just missed it. Ill talk you through my thoughts on why I would potentially take this as a trade, we had multi bullish candle closes from the 121.917 level all the way up to the highs of 122.501 level with a swift sell off, initially I was not interested as price action had pushed down too quickly for me showing we may potentially have some non tradable volatility and clear rejection of the most recent high level signalling very little momentum. However, over the course of the Asian session price action continued to form into a tight range/channel that then hit my key level of interest and my entry would have been triggered and impulsed away. but as stated I did not enter this trade but for the purposes of being fully transparent I thought It may help fellow traders. let me know your thoughts if you agree or disagree. Thank you.
by NK008
EURJPY Trade Setup(confirm)EURJPY been making step movements for last couple of days in upward momentum. This analysis is intraday for long term holders ans now at point 120.032 eurjpy has strong supports as you can see in H1,H4 time frame.According to the upcoming fundamentals EUR should be again high with steps movement like corrective momentum. EURJPY still is on my watch list and now again making steps movement towards buy direction .The recent price action had a really strong bullish move up from previous history as if you see in the monthly time frame the last month EUR had fallen and made wick .The larger continuation correction on the high time frame is developing further, and we see price continues to go up towards the top of the technical structure, hitting a recent double tops. for further details you can ask us directly
by TradingSwirls