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EURJPY trade ideas

Buy EUR/JPY Head & Shoulder PatternThe EUR/JPY pair on the M30 timeframe presents a potential Buying opportunity due to formation Head & Shoulder pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 167.12. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 169.38 2nd Support – 171.10 Stop-Loss: To manage risk, place a stop-loss order below 164.60. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
4
short EURJPY Analysis: 1. Supply Zone: We identified a key supply zone at the top of the chart, where sellers were expected to enter the market. 2. Early Sellers: As price approached the supply zone, some sellers entered early, causing a brief pullback then market reversed hitting stop losses and break evens. 3. Breakout Trap: Price then broke above the supply zone, likely triggering many buy orders and stop losses. However, this move proved to be a trap for breakout buyers. 4. Fakeout: The breakout was quickly reversed, creating a fakeout scenario. This is a common occurrence in forex, where price briefly pierces a key level before reversing. 5. True Sellers: The actual strong selling pressure came in after the fakeout, as indicated on the chart. This is where the "smart money" likely entered their short positions. 6. Current Situation: Price has now fallen significantly from the supply zone, trapping breakout buyers and potentially offering good short opportunities for those who recognized the fakeout. Key Takeaways: - Always be cautious of breakouts, especially near strong supply/demand zones. - Fakeouts can offer excellent entry points if identified correctly. - Volume and price action around key levels can provide valuable insights into market intentions.
Short
by KaizenOnCharts
EURJPY Possible Short Position BBMA OA Zone Zero Loss4H - Re-Entry 1H - 50 EMA Rejection + Bollinger Band Rejection 15m - Entry in MAHI Note: * Cancel trade or cut-loss when candle close Above MAHI (2 Grenn Color Lines) in 4H * 1:3 RRR * TAYOR A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
Short
by GreggiBond
EURJPY -4hrs ( Sell Trade Target Range 400 PIP ) ☑Pair Name : EUR/JPY Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Break 169.500 Area Reasons - Major Turn level - Visible Range HVN - Channel Break Out - Fixed range Value - Day / week low Bullish Reversal 165.500 Area Reasons - Major Turn level - Visible Range lvn - Fixed Range Poc Area - Quarters Area - Fibo Golden - Major Choch Zone
Short
by GoldenEngine
6
EURJPY: HTF CURVE ANALYSIS (12D) - DOWNTREND✨ EURJPY: HTF CURVE ANALYSIS (12D) ✨ (DOWNTREND) SLO3 @ 172.50 ⏳ SLO2 @ 172.153 ⏳ SLO1 @ 171.05 - TRIGGERED SSO @ 169.05 ⏳ SSO2 @ 165.528 ⏳ TP1 @ 152.915 TP1a @ 145.15 (secret TP) TP2 @ 134.509 TP3 @ 122.449 BLO1 @ 119.552 ⏳ BLO2 @ 112.516 ⏳ 🔑 BLO = BUY LIMIT ORDER HTF = HIGH TIME FRAME SLO = SELL LIMIT ORDER SSO = SELL STOP ORDER TP = TAKE PROFIT NOTE: I believe I've got confirmation on the turn I've been anticipating on this pair. Time to see if the analysis will reveal the same. This is a long term trade that should be treated as a wealth opportunity. There will be little to no updates on this for at least a year, barring a nice black swan event or something to move the market drastically in our favor. Let's see what happens. Long-term time frames (1 week to 1 year): — Shows the big picture, revealing major trends and economic factors. — Less volatile, price movements are slower and smoother. — Suitable for long-term trend trading and position trading. — Requires less frequent monitoring but may offer fewer trading opportunities.
Short
by oktane
EURJPY Long Position: A Strategic Approach with Promising UpsideIntroduction: In the complex world of Forex trading, one of the most intriguing currency pairs to consider is the EUR/JPY. As a Smart Assistant, I am here to provide you with a compelling argument as to why going long on EUR/JPY might be a lucrative trade opportunity. While it's important to conduct thorough research and analysis before making any trading decisions, let's explore some key factors that make EUR/JPY an appealing choice for a long position. Divergence in Monetary Policies: The European Central Bank (ECB) and the Bank of Japan (BOJ) have followed distinctly different paths when it comes to monetary policy. The ECB has been adopting a more accommodative stance, with low interest rates and quantitative easing measures, aimed at stimulating economic growth. On the other hand, the BOJ has pursued a more cautious approach, maintaining ultra-low interest rates and implementing yield curve control to manage the yield on Japanese government bonds. This divergence creates potential opportunities for traders, as it can lead to significant fluctuations in the EUR/JPY exchange rate. Economic Indicators: It's crucial to closely monitor economic indicators to gauge the health of the respective economies. By analyzing key indicators such as GDP growth, inflation rates, unemployment rates, and consumer sentiment, traders can gain insights into the overall economic performance of the eurozone and Japan. Positive economic data in either region can serve as a catalyst for a strengthening currency, thereby providing an opportunity for traders to go long on EUR/JPY. Geopolitical Factors: Geopolitical events can have a profound impact on currency pairs. As the eurozone and Japan are major global players, developments such as trade disputes, political instability, or changes in regulations can significantly affect the EUR/JPY exchange rate. Traders who carefully analyze geopolitical factors and their potential impact on the currency pair can capitalize on market volatility and potentially profit from long positions. Technical Analysis: Technical analysis is an essential tool for Forex traders. By studying historical price patterns, chart formations, and utilizing various technical indicators, traders can identify potential entry and exit points. Combining technical analysis with fundamental analysis can provide a more comprehensive view of the market, aiding in making informed decisions when going long on EUR/JPY. Conclusion: While no trade comes without risks, going long on EUR/JPY offers potential opportunities for profit. Factors such as divergence in monetary policies, economic indicators, geopolitical events, and technical analysis can contribute to the attractiveness of this trade. However, it's crucial to remember that successful trading requires proper risk management, discipline, and continuous learning. As always, it is advisable to consult with a financial advisor or conduct thorough research before making any trading decisions.
Long
by FtradeFXArabic
What will EURJPY do ?, 4hrWe have been having a lot of buying momentum on EURJPY for the past few weeks. The weak Yen gave Euro enough strength to push up and make new highs. We can expect more buying momentum from EURJPY as it has been consistent in being a long term bullish pair. But when something goes up eventually it will go down. With the strong bullish momentum the market needed to breath and make a correction before the impulse movement can happen again. Last week EURJPY fell very hard to the support zone of the uptrend. Price action says we are going to buy but all eyes on EURJPY on its next move because anything can happen.
by AnalysisExpert
EURJPY Bearish Outlook Technical Factors Chart Patterns: Bearish chart patterns such as head and shoulders, double tops, or descending triangles can signal potential downside in EURJPY. Technical Indicators: Overbought conditions on oscillators like RSI or Stochastic can indicate a potential reversal. Conversely, bearish divergences between price and indicators can also be a bearish sign. Support and Resistance Levels: Breaking below key support levels can confirm a bearish trend, while resistance levels can act as potential targets for short positions. Risk Management It's crucial to remember that no trade is guaranteed to be profitable. Implementing a robust risk management strategy is essential. This includes: Stop-Loss Orders: To limit potential losses Take-Profit Orders: To secure profits Position Sizing: To manage overall risk exposure Disclaimer: This information is intended for educational purposes only and does not constitute financial advice. Trading involves risk. Would you like to explore specific technical indicators or chart patterns in more detail? Or perhaps you're interested in discussing potential entry and exit points for a short EURJPY position?
Short
by FtradeFXArabic
2