EUR/JPY: Sell on the break of the mini channelThe price reached an important descending trendline and showed signs of rejection. Wait for the price to break the mini channel on the 1-hour chart to enter a short position.
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Eurjpyprediction
EURJPY SHORTEJ has seen huge bullish oves the last 3 days braking out of a downtrend with little to no retracement. I expect bullish pressure will become exhausted at the 118.5 zone and the leg down will begin.
EURJPY potential reversal!
EURJPY expected to rise up to 1st resistance at 118.705 where it could potentially react off and drop down to 1st support at 116.667.
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EUR/JPY long-buy weekly analysisEUR/JPY long-buy weekly 120-125 break target profit resistance
700 pips potential profit and 30 pips stoploss support with 20 rr
Indicators and oscillators are oversold weekly, rsi, demarker and bb etc.
EMA, MA and MACZ-Vwap etc.crossing for bullish movement
Economic calendar release are all bearish and hawkish
EUR/JPY Short PositionHypothetical scenario (18/05 - 22/05):
(1) Entry @ 116.500 (Sell Limit)
(2) Stop Loss @ 116.800 | 30 pips
(3) Target @ 115.900 |60 pips
(4) R:R = 1:2
EURJPY Long Potential DailyNote: Idea is to complement your research.
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POTENTIAL BEARISH RUN ON EURJPY Price is showing potential to respect current resistance and move bearish.. Entry,stop loss and take profit have been marked..
EURJPY- Potential Move Buy ___
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EURJPY potential reversal!
EURJPY expected to rise up to 1st resistance at 115.900 where it could potentially react off and drop down to 1st support at 115.280.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
LONG EURJPY & MARKET 117.05 12:17 22/04/202011I've been watching EURJPY as its approached a significant trend line and this line has now broken and with the aid of several 200 sma on maller time frames supporting - this looks a reasonable BUY trade.
My in-house indicator is also flagging this as a moderate BUY.
I have a STOP at 166.66 and a TAKE PROFIT at 118.26.
EUR is mildly BULLISH across the board so I'm hoping I can get this trade to BREAK EVEN to lock in a free trade.
More on my website.
POTENTIAL BULLISH PULLBACK BEFORE SELL OFF EURJPY is showing a potentially great setup. Price still has some bearish momentum before it finds some support and the marked grey line. From this zone we should potentially expect a pullback, maybe sharp or flat correction. Should price move to our marked entry point, there is potential for our set up to move bearish to our take profit zone. Stop loss level invalidates this pattern.#=
No more than 2% risk should be taken.
EURJPY technically based forecast
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💡 EURJPY technicaly based idea, we can see price is bounce from bottom trend line, technicaly indicators showing we can expect higher recovery phase, expecting to see push in up in price till supp zone.
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EURJPY Market Outlook | Daily Forex Market BreakdownEURJPY
I’m not liking how this is looking. A bit to choppy for my liking. EURJPY is floating around support it will be key to wait and see if support is going to hold or if we are going to roll over to the downside. Seeing a clean rejection off the 78.6 fib right now. Staying on the sidelines for now.
EURJPY at critical Support LevelEURJPY has reached a very important Support Level. Although I expect a bounce here, a breakdown can not be ruled out as well.
If price rebounds from the Support Level, we could see 119 very soon.
But, a breakdown below this all-important Support Level could be pretty catastrophic for the EURJPY Bulls.
EURJPY Let me know your thoughts. I'm thinking long as the market forms falling wedge pattern. also it is at the major support zone.
EUR/JPY, Best Place for Sell Entry Japanese Yen has been showing us it's power this week and it looks like big players are accumulating volume before they can break this strong Level and the price will drop again heavily.
EURJPY 4HR. Price at Buy-Zone; Long w/ Confirmation OR Counter! Failure/ rejection at Buy-Zone could see retest of trendline through lower targets:
116.663
115.602
115.221
113.389
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