EURJPYHey EJ looks bearish if we look at the structure... for an explanation and details of this trading idea, check my latest FX video analysis ( 22.7 - x ) Have a great week!
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EUXJPY trade ideas
EURJPY continuationAs you can see, we had two possible scenarios on EurJpy, either for a price to follow the trend - a continuation or break of the low and possible shift in direction of the market which can happen any time as a price is trading very high (recorded in previous video) Price made a nice and weak recovery - pull to the downside on the market open in asian seson - towards our marked buy zone. From there it just pushed back up and with high being taken out we can see that as first market objective completed. Curently we are in an up trend so we will still be monitoring price once it taps buy zone and look for buys or if we get a break of the previous low - look for sells - if. I do not trade that pair a lot so if I don't like it I will stay away.
Bullish Opportunity in EUR/JPY After Break of StructureMarket Overview:
In the 15-minute timeframe, the EUR/JPY pair has shown a Break of Structure (BOS) to the upside, indicating a potential bullish momentum. The price has created a new high and is now retracing to the M15 demand zone. This zone also aligns with an Order Block (OB), reinforcing its strength as a potential entry point.
Entry: Monitor the M15 demand zone for bullish confirmation before entering.
Stop-Loss (SL): Place below the M15 demand zone to protect against a false breakout.
Take-Profit (TP): Target the next significant resistance level for a favorable risk-to-reward ratio.
Recommendation:
This setup offers a good risk-to-reward ratio. Traders should watch for bullish price action in the M15 demand zone for entry confirmation. Proper risk management is essential, and adjusting the stop-loss to break even once the trade is in profit is advised.
Happy trading!
Technical Analysis for EJ on July 8 (Supply and Demand)Market Conditions:
Daily, H4, H1 are in an uptrend.
M15 is in a downtrend, and the price has broken below the previous high of M15. This suggests that the price may return to the M15 demand zone. However, the price might not move directly downwards but could first hit the M15 supply zone before moving towards the target.
Setup (as shown in the chart):
Price is around 174.226.
Expect a short-term move up to the M15 supply zone, then a drop to the H4 = H1 demand zone near 173.200.
Entry:
Set up as shown in the chart, entering short positions after touching the M15 supply zone.
Exit:
Take partial profits as the price moves toward the H4 = H1 demand zone.
Recommendation:
Closely monitor price movements and be prepared for potential fluctuations, adjusting your strategy as necessary.
EURJPY Breaking Bullish Structure on H1The H4 timeframe shows a bullish trend has broken and turned bearish.
Similarly, the H1 timeframe has shifted from bullish to bearish.
Plan A: Price is retracing to a potential liquidity pool area - this is a corrective wave, so we'll set up a sell order at the liquidity pool area. Only sell with confirmation of entry here.
If Plan A hits stop loss, continue to watch for selling opportunities according to Plan B . Only sell with confirmation of entry.
Correction wave Eur/JpyElliot wave counts correction is running c wave 🌊🌊🌊 waiting for impulse waves 🌊 to Trade 🎯📉📈
EURJPY- JPY BULLET TRAIN MAY TAKE A HALT & REVERSE ITS DIRECTIONSymbol - EURJPY
EURJPY is currently trading at 168.200
I'm seeing a trading opportunity on sell side.
Shorting EURJPY pair at CMP 168.200
I will be adding more if 168.600 comes & will hold with SL of 169.000
Targets I'm expecting are 165.400 & beyond.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
EURJPY MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Moving to the upsideEURJPY is looking for a movement to the upside, wait for the correction & expecting target to reach at 165.350
EURJPY Long again bullish in daily
can't close below 4H low and also reversed again in 30M
so took this trade again
EURJPYbullish in HTF, so went down to 4H checked for reversal in 30M.
also revesered in 30M and we have good support in that area.
so i took this trade
Lets see how this trade goes
Movement to the downsideEURJPY is looking for the downside expecting target at 162.600 & clear movement to the downside.
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EURJPY SHORTHI GUYS all of doing good we are now binged up with EURJPY short for more further updates stay tuned guys
EURJPY 4H sell opportunity | on imbalance areaConfirmation:-
1] Market structure shift
2] Imbalance area
3] M pattern target complete
Target confirmation:-
1st target - imbalance area
2nd target - equal lows liquidity with imbalance
EURJPY 4H buy setup | took out the liquidity - updateThis is the update on the previous post, beautiful 1:3.4 RR
EURJPY 4H buy setup | going to take the buyside liquidity Confirmations:-
1] strong bullish strength from weekly to 4h time frame
2] break of structure
3] Fibonacci 50% zone
4] imbalance area
Target confirmations:-
1] buyside liquidity - 1:3.4 RRR
EURJPYGreetings!
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EURJPY BULLISH EURJPY :-Ascending triangle pattern breakout and retest
Entry =159.200
Sl=158.200
Tp=162.200
SELL 160.600, SL- 161.700, TGT- 158.00Dear traders,
as EURJPY now breaks its choch and given a block order 161.400 and so
it will go down and i am watching last monday to wednesday in 4 H chart and target
158.00, sell points is 160.600, price may be come at 161.500, today is also a NEWS day
SELL 160.600, SL- 161.700, TGT- 158.00
BUY EURJPY 158.000, SL 157.600, TGT- 161/162BUY EURJPY 158.000, SL 157.600, TGT- 161/162
Dear Traders as I mentioned yesterday buy EURJPY 157.600, and SL 157.200, TGT 159.00/ 162.00
So, price do same as i said now EURJPY there is correction and price will come down at 158.000 and there is a strong support also a support at 158.500, but that support is breakable so wait till 158.00 and when 15 minutes chart gives breakout ema30, 50 than buy
