Eurjpybuy
EUR/JPY to Rise to Trend LineI have been monitoring this for a few days and it has just retraced to the support level marked by the blue line. This could be a good time to long from here. There is a major trendline just above the current price so TP can be set at this line or at the previous high, it depends how long it takes to reach this point. Environment is still bullish as seen on MACD is not below 0.
EURJPY BUYTake a buy on eurjpy as it consolidated few hours and showing rejection candles , it is expected to go long . Its a high quality trade and will give atleast 50 pips .
If you want to learn this strategy just drop a comment 🙏
( Falcon Strategy )
EURJPY W2 Jan 2021EURJPY
Long Setup
After a long correction, a 4th wave can be seen. expecting a impulse wave up on the lower timeframe to compete the 5th wave
EJ Long opportunity Waiting for a break out of the range before taking this trade. Been sideways trending since December 2020 so hopefully looking for it to break through the current 23 line on the fib.
EURJPY, 4hr tf, EMA-200 support to fuel buying pressureHello everyone,
As you can see EURJPY has been moving in a sideways direction for the whole December.
It is moving in a tight 80 pips range and i think we might soon get a real buying pressure.
If you look at the daily chart, EURJPY previously broken above an inverted head and shoulders pattern.
The measured objective of this pattern count should be around 128.20 area.
EURJPY has managed to closed above 126.60 resistance twice on 4hr tf.
The next time it closed above it i think we will see some strong buying pressure.
For now, we will try to trade inside this range because it still offer a good trading opportunity.
We could also consider this sideways movement as a flag pattern and i think it will be a bullish flag.
Buy limit EURJPY 125.85
Stop loss 125.60
Take profit 126.60 (3R)
RR Ratio 1 : 3
Use only 1-2% risk
Good luck
EURJPY MASSIVE SWING ( DONT MISS THIS ONE)Through back, we had a price that was trapped inside a bearish channel and then price changed direction immediately after tested the overall support, Currently price has break the channel and has provided impulse move to the upside let's wait for a RETEST before Longing EURJPY
EurJpy needs to make a decision For almost a month now, EurJpy is trading in a tight consolidation just under 127 important resistance. Since May the trend for the pair is clearly up and now we also have a rectangle continuation pattern. I expect a break above 127 sooner rather than later and the pair should accelerate gains to 130 next important resistance.
I'm bullish as long as the price stays above 125.50
EURJPY - SWING - 21. DECE. 2020Welcome to our weekly trade setup ( EURJPY )!
-
1 HOUR
Sideways moving market structure!
4 HOUR
Expecting another push to the upside..
DAILY
Overall bullish market in consolidation now.
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FOREX SWING
BUY EURJPY
ENTRY LEVEL @ 126.210
SL @ 125.770
TP @ 126.860
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EURJPY - SWING - 14. DECE. 2020Welcome to our weekly trade setup ( EURJPY )!
-
1 HOUR
Bullish closure above main sr level.
4 HOUR
Prices moving sideways, expecting another push towards the upside!
DAILY
Overall bullish market structure in consolidation..
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FOREX SWING
BUY EURJPY
ENTRY LEVEL @ 126.100
SL @ 125.840
TP @ 126.630
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EurJpy- I maintain my 130 targetFor almost 2 weeks now, EurJpy is consolidating gains just under important horizontal and long-term trend line resistance.
As I said before, I expect a new leg up from this pair and 130 zone is my target.
125.50 zone should be very well defended by bulls and a break above consolidation should bring continuation and confirmation
EURJPYUpdate to my previous chartwork: I believe the overall trend for this pair is bullish bias, however there will be be a moderate retracement below the 125 handle. I left out indicators as I trade purely based off naked charts/candlestick analysis more often these days as they've been playing up to par.
EurJpy- consolidation in descending trendlineAs I said yesterday I expect EurJpy to continue higher.
As we can see from the daily chart the pair is consolidating for 7 trading days now just under this important and definitory resistance and in my opinion, we will have a break to the upside.
125 is very strong support now and 125.50 zone should hold for the bulls to be in total control
EurJpy- Can break above 127In my last EurJpy, I said that I expect 125 resistance to be broken and the price to reach 127 zone. This happened and we may ask, now what?
As we can see from the chart, the impulse for EurJpy is strong and although we have a normal correction from 127 zone, this is forming a flag.
I expect the bulls to defend 126 zone and eventually EurJpy to break above 127.
Also, a break above 127 would be a signal for a long term change of trend.
P.S: UsdJpy looks like will go above 105 and also EurUsd is in a strong uptrend on the medium-term, so would mean a perfect situation for buying EurJpy
EURJPY [D1] Breakout Next step @ TOP 🚀🚀🚀EURJPY Breakout Next step @ TOP 🚀🚀🚀
✅ Now EUTJPY is Detroy channel trend use mini timeframe to find entry buy and TP focast on TOP resistance
Goodluck
Ton Trader
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🙏🙏🙏
EurJpu- to break above 125- 200 pips possible tradeThe drop from 127 to 122 is clearly corrective in nature and, after finding strong support at 122, the EurJpy has risen in a constructive way.
Now the pair is trading just under 125 important resistance and neckline of an H&S and I think a break up is inevitable.
That being said my strategy for this pair is buying dips and 127 could be a reasonable target.
EurJpy- Near important support, I favor longsAfter finding local support in 121.50 zone, EurJpy rose quickly to 125 resistance where it found strong asks.
Now the pair is correcting this up move and is near 122.50 important support.
I favor long trades and a buy trade in this zone can have a more than 1:2 R:R
