Get started

Japanese Yen/Euro

No trades
See on Supercharts
Overview
Ideas
Discussions Technicals Seasonals Economic Calendar

JPYEUR trade ideas

#010 DCA EURJPY ShortI think I could maximise my margin and potential by entering on another trade that is not correlated (or at least doesn't have any currency that I have already opened with this DCA method.). Besides taking trades on a pullback, I think I could also maximise the markets 50 50 potential by entering trades on its push wave aka Impulse Wave. Pull wave being Pullback or retracement. So, here's the plan. I enter on a push for 100 units (0.001 lot / 1 cent SGD) and if price hits my TP, all is good. If price pulls back, and goes into a drawdown, I would enter on the pull wave for 100 units also. If I enter on both push and pull waves, I have the option to exit on the 1st trade's breakeven, which equates to my 2nd trade taking profit which means I make money on EURJPY. If I go into a further drawdown, and enter on my 3rd or subsequent positions, I would look to exit at the middle point of all the open positions. The middle point would provide me an opportunity to exit for a breakeven on all my positions. I would also still continue to risk 100 units on all other positions. I have the option to enter on a bigger lot size, so that I could compensate for all the losses quicker and not have to wait for price to hit the middle point before I could breakeven. But that has its risk. I could also enter on a bigger lot size and hope to get out for a small profit, but that is even riskier. I would hope to enter and exit as soon as possible to minimise the stress I have to handle. 2008SGT 22112024
Short
by ProfessionalDuckHunter
EURJPY to find buyers at current swing low?EURJPY - 24h expiry We are trading at oversold extremes. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Preferred trade is to buy on dips. The hourly chart technicals suggests further downside before the uptrend returns. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Although the anticipated move higher is corrective, it does offer ample risk/reward today. We look to Buy at 162.20 (stop at 161.18) Our profit targets will be 164.70 and 164.95 Resistance: 164.90 / 167.40 / 170.90 Support: 162.45 / 159.40 / 154.40 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
EUR/JPY ShortAfter a long time, I am placing a short trade on EUR/JPY. This is a short position where I’m risking about 5% of my account size on this setup. The key level I’ve been watching for quite some time is the supply-demand zone at **166.79**, which has been consistently pushing the market towards a sell. Now, there are two possible scenarios: 1. The market could experience a significant downturn, dropping sharply. 2. Alternatively, the market might enter a sideways zone. If the market moves sideways, I anticipate it could range between **166.79** and **153.94**. Either way, whether the market sees a sharp decline or consolidates sideways, this setup is designed to remain profitable. Thank you, everyone! That’s my take on this pair and setup for now. **Date:** 21/11/2024
Short
by Adrian_Rahssan
EURJPY SHORT 200PIPSKey Levels: Resistance Zone: Identify a strong resistance level where price shows repeated rejection (e.g., Fibonacci retracement level, previous swing high). Support Zone: Ensure the 200-pip target aligns with a significant support zone or pivot area. Indicators: RSI/Overbought: Look for RSI divergence near overbought levels (>70). Trend Indicators: Check moving averages (e.g., 50 EMA and 200 EMA crossover) to confirm a bearish bias. Chart Patterns: Patterns like double tops, head & shoulders, or a trendline break may provide confirmation. Example Setup: Entry: Near a resistance zone at 158.50 (example level). Stop Loss: 50 pips above at 159.00. Take Profit: Near 156.50 (200-pip range). 2. Fundamental Factors Monitor: JPY Fundamentals: Look at Japanese monetary policy or interventions from the Bank of Japan, as they often impact JPY pairs. EUR Sentiment: Analyze ECB statements, European economic data, or geopolitical news that could weaken the euro. Risk Management With a 1:4 risk/reward ratio, this setup is attractive if it aligns with broader trends. Use position sizing to limit exposure to 1-2% of your trading capital per trade.
Short
by LORDOFTHETRADERS
EURJPY bottomed on the 1D MA50. +5.40% upside potential.The EURJPY pair has been trading within a Channel Up pattern since the September 16 Low. Yesterday it made a Higher Low on the 1D MA50 (blue trend-line) and rebounded. This is identical to the post December 07 2023 Channel Up, which was also supported by its 1D MA50 until its very top (July 11 2024). The 1D RSI sequences between the two fractals are also similar and even more importantly the Channel Up patterns appear to have a high degree of symmetry. So far the two Bullish Legs have risen by +5.40%. As a result, we are expecting another +5.40% from yesterday's bottom, so our Target is just below it at 170.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
EurJpy Trade Idea I personally just took some shorts on EJ to get the week started ! EJ was in a small range before retesting a level at 165 while still being bearish on the higher time frame. Price not only flipped bearish on the higher time frame but also crashed back below a daily level of resistance. Smaller time frames gave a clean flip at the daily level of resistance with the bullish run after the pullback being over. I'm looking for a 1:3rr on this set up. If all goes well price could tap back into the low at 162.300. We'll see what happens.
Short
by OfficialJ23
1