EURJPY - Sell StopBearish Divergence + Double Top, we'll sell if it breaks the previous HL Entry Price: 169.925 Stop Loss: 170.560 Take Profit: 169.2900Shortby Alee_Kolachi2
EURJPY : SET FOR A CORRECTION- The market has been registering higher highs and lows since beginning of May ; the short-term trend is then bullish. - The sharp market rally that saw prices climbing 4.14% higher from 164.000 to 170.800 seems to be losing momentum. Indeed, the bearish divergence displayed by the RSI indicator, and the fact that new highs were registered with less and less strength tends to indicate a trend slowdown here. Since the impact below 170.800, sellers have taken control of the market, in a price action also fueled by take profit moves. The market now trades slightly above the 169.33/169.18 zone, the first major short-term support for prices. The RSI now evolves far below its 50% level, while the moving averages are reversing to the downside. - It is hard to say if the correction will continue deeper or if the market will keep on rebounding over the 23.6% Fibonacci zone for now. However, in the even of a break-out of the 169.33/169.18 level, a new bearish potential towards 168.18 and 167.38 would be unlocked. That said, tomorrow's EU CPI figures should bring more market volatility, especially as investors already anticipate firmer inflation numbers. Pierre Veyret, Technical Analyst at ActivTrades The information provided does not constitute investment research. The material has no been prepared in accordance with the legal requirements designed to promote the independence of investment research and such is to be considered to be a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.by ActivTrades1
EURJPYEUR/JPY is showing strong bullish momentum with potential for further gains, and a strong uptrend, with moving averages indicating a continuation of this bullish momentum. Key support levels are noted at 169.05 and 167.31. On the upside, resistance is likely at 170.62 and 171.58. A break above these resistance levels could signal further upside potential towards 172.00 and possibly 175.00 in the longer term. The euro has been strengthening against the yen due to the interest rate differential between the European Central Bank and the Bank of Japan. The latter's dovish stance continues to exert downward pressure on the yen, making the euro more attractive to investors. Short-term pullbacks in the pair are viewed as buying opportunities.Longby TFXBR1
EURJPY BEARISH - May 30📢 Signal: SELL EURJPY 📉 Entry Point: 169.700 🔍 TP1: 169.400 🎯 (30 pip TP) TP2: 169.100 🎯 (60 pip TP) TP3: 168.800 🎯 (90 pip TP) SL: 170.050 ⛔️ (35 pip SL) Ensure proper risk management when following signals! 💡 @Mr_Bombastic_Signal Shortby mr_bombastic_signal1
EURJPY Bullish Move**Monthly Chart (Bullish)** Last month's candle closed bullish suggesting a continuation of the bullish trend at least to break the monthly high of Oct 1998 at 164.536 and move ahead towards testing the high of July 2008 at 169.96. **Weekly Chart (Bullish)** Last week's candle closed bullish. However, it is still within the range of the previous week’s candle after slightly testing the high of Oct 1998 at 164.536 and rejecting the price from it. This week we are going to see if the price breaks the high again and moves towards the first target at 166 and then 168 levels. There is also a high probability chance that break the July 2008 high at around 170 level (round number). **Daily Chart (Bullish)** Tuesday - 2nd April 2024 The candle closed as a key reversal creating a swing low that bounced after grabbing the liquidity and swiping the price higher, this indicates the high momentum for EURJPY to continue moving higher. This week, I will be looking for an entry to go long if the price gives a corrective structure with good risk-to-reward parameters.Longby PropSignalsUpdated 2
EURJPY Analysis (31st May 2024) EURJPY Analysis(1HR TF) Price is at 1 hour Bearish OB Key level. BUY/SELL SCENARIOS: 🟢BUYS: Price breaks above the 169.979 level with a body candle close. If this happens. A retest of the Failed 1 hour OB to Buy to target 170.251 first before targeting 170.800. 🔴SELLS: Price Dumps below the 169.734 level with a body candle close. This creates a bearish Pattern to continue to look for sells targeting the 169.400 level. by CallistoFX1
Eurjpy buyEurjpy looking for uptrend continuation trade safe use Stop-loss bcz of jpy pairs ontop spikes may possible...use SL and TP ...jpy looking more weakLongby DNA_Trader_Officials1
EURJPY Is Bullish! Long! Take a look at our analysis for EURJPY. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 170.021. Considering the today's price action, probabilities will be high to see a movement to 170.485. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 113
TRADE SIGNAL: EURJPY LONG 21 May 2024Factoring in some learning from my previous 2 trade signals, i have strong conviction that EJ might pullback to immediate past resistance(now support) to gather some liquidity before pushing up. Hence i'd recommend long positions for the pair. See details below Position Parameters; Entry BUY @ 169.500 - 169.223 Flex SL 169.060 Final TP 170.496 Note: i'd share updated confluences from next post. Warning: 1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose. 2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk. 3. You are advised to apply proper risk management while trading derivatives...!!! BR, Kings Learn how to trade. See my signature below or visit my profile for more detailsLongby Kingsley_lotannaUpdated 6
EURJPR BEARISH - May 23📢 Signal: SELL EURJPY 📉 Entry Point: 169.900 🔍 TP1: 169.550 🎯 (35 pip TP) TP2: 169.200 🎯 (70 pip TP) TP3: 168.700 🎯 (120 pip TP) SL: 170.200 ⛔️ (30 pip SL) Ensure proper risk management when following signals! 💡 @Mr_Bombastic_SignalShortby mr_bombastic_signal3
EUR/JPY Technical Analysis: Identifying Bearish OpportunitiesThe EUR/JPY presents a compelling price action scenario with notable opportunities. Recently, the pair encountered strong absorption at the 171.500 level, evidenced by a significant spike indicating substantial seller presence in this price area. This absorption led to a pronounced bearish impulse driving the price down to the 164.000 level. Since then, the price has been on a recovery trajectory, creating an area of imbalance that the market may seek to revisit for potential retests of previous price levels. In addition to these observations, technical analysis reveals a divergence on the RSI, which suggests a potential double top formation. This divergence indicates weakening bullish momentum, strengthening the case for a bearish outlook. Given these conditions, we have positioned our stop loss at 171.000 to protect against any attempts by the price to retest higher absorption levels above the current range. This strategic setup highlights a promising bearish opportunity, supported by the significant absorption at the 171.500 level, the initial bearish impulse around 164.000, and the divergence observed on the RSI. Traders should closely monitor these technical indicators and price levels to capitalize on potential market movements. This analysis underscores the importance of vigilance in managing positions and adjusting strategies as the market evolves.Shortby FOREXN16611
EURJPY: Bullish Run May Continue 🇪🇺🇯🇵 A recent bullish violation of a key daily resistance on EURJPY makes me think that it has a nice potential to go up again. The broken structure now turned into support. The price may reach 171.0 level soon. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader117
EURJPYWe can attempt to buy EURJPY from specified level as HL ,0.5 FIB also occur , and no bearish divergence. SL , TP mention in chart.Longby SignalEdgeUpdated 1
EURJPY| Bearish Candlestick Signals DowntrendHi there, A bearish candlestick close below 169.510 could signal a bearish trend for EURJPY, and the price may fall onto the daily solid trend line. There is also an open demand area that may attract prices near the 168-167.936 areas. At the moment, the price might pulse up for potential entry points, but we are not considering that. Happy Trading, and have a great week. K.Shortby KhiweUpdated 7
EUR/JPY For Bullishyou can wait for break current resistance area at red Arrow and go long or wait for creating higher low at blue arrow or between range of 50 : 61 fibo and go long with it or make hedge technique by open two trade one for long and other for short if price back to blue arrow then close short trade and wait to back to any target and close long trade if price fail to break current resistance area at red arrow and success to break support area at orange arrow then it will pull-back to area at blue arrow and try to make higher low so you can make short with small lot ant take profit after creating higher low at blue arrow and out with start new trade with long and take any target have fun :) Longby maxbayne1
EURJPY acending triangleEURJPY is forming ascending triangle with indicated continuatino of bullish pattern.Longby arslanjaved2123
EURJPY BEARISH- May 21📢 Signal: SELL EURJPY 📉 Entry Point: 169.650 🔍 TP1: 169.300 🎯 (35 pip TP) TP2: 168.950 🎯 (70 pip TP) TP3: 168.600 🎯 (105 pip TP) SL: 170.050 ⛔️ (40 pip SL) Ensure proper risk management when following signals! 💡 @Mr_Bombastic_SignalShortby mr_bombastic_signal3
EURJPY Still bullish. Continue buying the dips.The EURJPY pair gave us a textbook buy-low-sell-high two-way trade last time we looked at it (March 25, see chart below) and hit both targets: Right now it may be shifting into a new Channel Up (dashed), diverging slightly from the (blue) long-term one. The 1D MA50 (blue trend-line) has been holding as Support basically since the January 10 bullish break-out, so technically the long-term trend remains bullish. Our Target is 173.500, the top of the (blue) long-term Channel Up. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot5
SIGNAL BUY EURJPY - ENTRY BELOWFind my confluences below; ✅Price at psychological level? ✅Has there been a recent intraday range? ❌Do you see 30 mins or 1 hr price bar closure outside recent range? ✅Will position be in the direction of 4hr and Daily trend ? ✅Has nearby wicks to the lefthand side been identified and marked as potential problem area/TPx? Go long the moment the pending condition is met; Position details Flexible Entry 169.526 Flexible SL 169.309 Target 170.001 area Warning: 1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose. 2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk. 3. You are advised to apply proper risk management while trading derivatives...!!! BR, Kings Learn how to trade. See my signature below or visit my profile for more detailsLongby Kingsley_lotannaUpdated 3
EURJPY BuysI am waiting on EJ to break and close this resistance in the 1 hr to buy for next week. Longby tallbroketraderUpdated 1
Predict price movement on the EURJPY currency pairWe are waiting for a very important daily closing on the EUR JPY currency pair... because the price reaches the highest level and at the resistance of the ascending channel.by Ahmad_Milhem2
EURJPY DAILY SETUPHello traders here is a setup of EURJPY as you can see the price has been in a bullish form for the past years and months for the EURJPY pair. The price has reached 170.000 for the first time since 2008 so I placed a resistance zone from that year to today, so now I will wait for the price to break this resistance zone and do a pullback then I will look for bullish opportunities. Longby dlaminisya225
EURJPY TRADE SETUPWait for retest the key level then take a trade for Buy otherwise skip this setupLongby JinnatAlamSumon3