EURJPY Pressure: Support 159.552, Interest Rate ResistanceEURJPY is declining after hitting strong resistance at 163.000, causing a price pullback.
The 34 and 89 EMAs are acting as resistance levels, adding selling pressure in the market.
The MACD indicator shows that downward momentum is slowing, but there is no clear signal of a strong reversal yet.
If the price holds above the 159.552 support and shows signs of recovery, investors may consider opening buy positions with a target around 161.000 - 162.000.
Regarding news: Interest rate decisions from the ECB and BOJ will significantly impact EURJPY. Tightening from the ECB may push EUR higher, while BOJ's negative rates could weaken JPY.
Trade ideas
EURJPY SHOWING A GOOD UPWARDMOVE WITH 1:10 RISK REWARD EURJPY SHOWING A GOOD UPWARD MOVE WITH 1:10 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
EURJPY LONG - 15MFOREXCOM:EURJPY
Hello 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 Smart Money 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...
Keep trading
Hustle hard
Markets can be Unpredictable, research before trading.
Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
EURJPY(h1) : Entry Buy Now Hello Traders,
📈 EJ chart review :
- D1 candle has got a strong reversal
- H1 has got a swing higher high and higher low, so it is a uptrend on h1 timeframe
🎯In my trading opinion:
- You can buy here, now.
📚 Remember that: Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
EURJPYSHOING A GOOD UP MOVE WITH 1:10 RISK REWARDEURJPYSHOING A GOOD UP MOVE WITH 1:10 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction
niw it trying to break the strong resistant lable
B. after the break of this rectangle it will bost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout
BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capital
follow risk reward and tradeing rules
that will help you to to become a better trader
thank you
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction
niw it trying to break the strong resistant lable
B. after the break of this rectangle it will bost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout
BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capital
follow risk reward and tradeing rules
that will help you to to become a better trad
EURJPY SHOING A GOOD UP MOVE WITH 1:10 RISK REWARD EURJPYSHOING A GOOD UP MOVE WITH 1:10 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction
niw it trying to break the strong resistant lable
B. after the break of this rectangle it will bost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout
BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capital
follow risk reward and tradeing rules
that will help you to to become a better trader
thank you
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction
niw it trying to break the strong resistant lable
B. after the break of this rectangle it will bost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout
BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capital
follow risk reward and tradeing rules
that will help you to to become a better trader
thank you
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.
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.
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