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Eurjpyidea

EURJPY – The Uptrend with the target of 128In weekly chart, the wave of 2 / B has ended in the range of 94.11, the price is currently in wave 3 from point 3 / C. ( Weekly Chart ) In sub- waves of wave 3, the wave 2 is completed with a Diagonal pattern in the range of 114.39. In the daily chart, with the completion of wave 2 in the range of 114.39, the first ascending wave in 3 is ended in the range of 127.07, and its retracement movement is finished in the range of 121.51. (Daily Chart ) In the 240-minute chart and by reviewing the details, it is clear that the price is in the wave 3 of iii, which should be a long wave. The confirmation of this uptrend will be received by the price crossing the range of 126.73.
Long
by NirmataFX
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
Long
by Mihai_Iacob
5
EURJPY Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of EURJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 50 - Dec 07 M > Price is respecting downward resistance trend-line, it has tested the same and monthly resistance. We can expect a rejection to the downside. W > Price has returned back to test monthly resistance creating an over extended W formation. D > Price made an impulsive bullish move breaking weekly supply zone and after rejection at resistance it dropped and made another attempt to break it to the upside but ended last week with a bearish pin bar. As per COT EUR saw addition of Long and closure of Short, slightly enhancing net positions further. Open interest in EUR has increased by about 27K positions since start of November. EXY has been strengthening for past 3 weeks. JPY again saw addition of major Long and some Short positions improving net positions to highest in this year. JXY however weakened during the said period and was indecisive last week ending in a Doji. We can expect strengthening of JPY this week. 4H > We have rejection at resistance level however this is not a bearish confirmation, creation of a LL will provide the same. Pair Correlation > EURJPY has positive correlation with CHFJPY and CADJPY. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Short
by AP17FX
EURJPY - The completion of the first uptrend from point iiiIn continuation of the analysis for this currency, and in the chart of 240 -minutes, the price has been able to reach the range of 126.65 with 5 ascending waves. Also, it has entered the corrective phase of this uptrend. Since the price is located in wave iii and from its sub-waves located in 2nd wave, we may probably encounter a short corrective movement and then the uptrend in 3rd wave. The intended range to complete this correction is 125.75 to 125.20, if it crosses the range, it can be extended up to the range of 124.30. As it can be seen in the picture, the range of 122.84 is a very important range, by crossing this range, we should think of the uptrend doubtfully.
Long
by NirmataFX
EUR/JPY BUY IDEAHey tradomaniacs, welcome to a new free trading-setup. Note: This is meant to be a preparation for you. As always we will have to wait for a confirmation. EUR/JPY: Day-Swingtrade-Preparation Market-Buy: 123,260 Stop-Loss: 122,770 Target 1: 123,710 Target 2: 124,020 Target 3: 124,490 Stop-Loss: 49 pips Risk: 0,5% - 1 % Risk-Reward:2,72 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
3
We are waiting for a strong uptrend in 3rd Wave.In the daily chart, the downtrend has ended in the range of 109.21 and the price has completed the first 5 wave in the range of 137.50. The downtrend in the B / 2 wave with a form of 3 structure and the Ending Diagonal pattern has been completed in the range of 114.42. Then the first wave from point C / 3 is completed and its corrective movement has ended in the range of 121.61 and 3rd wave from this point has started. Currently, we can have a buy order on this currency with a loss limit in the range of 119.50 and the first target can be 133.07. which is too long-term target.
Long
by NirmataFX
EURJPY long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
3
EURJPY Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of EURJPY (Monthly, Weekly, Daily for direction and 4H for entry) for Week 45 - Nov 02 M > Market is moving in a triangle. It moved up to test monthly resistance that coincides with monthly supply zone and resistance of triangle trend-line. We saw a W formation and price dropped to test its neck and complete the formation. This level also coincided with 0.382 Fib level on last monthly bullish impulse and 0.618 Fib level on weekly impulse. W > We saw an M formation and as expected price moved up to test its neck and complete the formation. Price in fact moved further up to test weekly support and faced rejection. D > Price created a double top at daily supply zone and is now dropping in its bearish move. We can see an M formation and expect price to reverse to test its neck and complete the formation before continuing with bearish move. We can see loss of momentum. As per COT EUR saw closure major Long and few Short, reducing net positions further. EXY however gained strength during the said week but it weakened a lot last week. JPY saw closure of Long and major Short positions improving net positions however N-R added major Long and few Short positions, improving cumulative net positions. Commercials have added both Long and Short positions, bringing their Shirt positions to highest in current year, in effect increasing total open interest in JPY. JXY improved its position during the said week and further improved it last week. Institutions, since last month, have been reducing their EUR portfolio of Long and increasing Short positions, with about 50K Long positions closed and 11K short positions opened so far. In Long term EUR pairs will go bearish specially EURUSD whereas in short term institutions are building the market for their gains by capturing Short and exiting Long position at higher price. With Institutions currently holding about 217K Long positions against 61K Short, will continue to sway market in short term either way. Hence for all EUR pairs we continue to recommend following short term trend with good risk management. 4H > We currently have bearish trend with price creating LH and LL, however we can see signs of reversal. We expect market to open with downward move till daily demand zone before trend reversal. We can also observe bullish divergence. Pair Correlation > EURJPY has positive correlation with CHFJPY, CADJPY and AUDJPY. Thank You AP17FX
Long
by AP17FX
EUR/JPY BUY IDEA Hey tradomaniacs, welcome to a new free trading-setup. EUR/JPY: Daytrade-Preparation Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation! Market-Buy: 124,070 Stop-Loss: 123,810 Target 1: 124,310 Target 2: 124,460 Target 3: 124,670 Target for One-Target-Trader: 124,460 Stop-Loss: 26 pips Risk: 0,5% - 1% Risk-Reward: 2,33 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
5
1000 Pips Movement BonusWith price ascending to the area of 127.05, three corrective uptrends have been completed and the price is ready to drop further. The range of 127.07 is a very important area: In weekly time frame, this range hits the bearish trendline, which is located in the 50% Fibonacci range, which increases the advent of a downtrend. To confirm the downtrend, the price requires to cross the range of 123.01, when this happens, the downtrend line will break out (the red dotted line). However, if the price can be closed above the range of 127.07, this analysis will be nulled.
Short
by NirmataFX
3