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EURJPY trade ideas

EURJPY Bullish Breakout with IFC Confirmation | MMC Retest Play🔍 Market Structure & Price Behavior Explanation 🔹 1. Channel Structure and Bearish Trap: The pair was previously trading within a downward sloping channel, forming lower highs and lower lows. This structure was respected for several sessions, creating a bearish bias for most retail traders. However, as per Mirror Market Concepts, such channels often act as liquidity traps — designed to build sell-side liquidity before a strong reversal. 🔹 2. IFC Candle Break — Smart Money Confirmation: A powerful bullish impulse candle (IFC - Institutional-Filled Candle) broke through all previous swing highs formed inside the channel. This is a critical sign that institutional buyers have stepped in and the bearish trend is likely over. This candle is not just a breakout but also a signature of smart money transitioning the market structure from bearish to bullish. The breakout occurred with high momentum and volume, piercing through the upper channel boundary, invalidating the bearish trend. 📘 Key Note: IFC candles usually represent imbalance, strong directional intent, and are often followed by continuation after retest. 🔹 3. Retesting Phase – Key to Confirmation: After the breakout, price retested the broken structure, which is now acting as a new demand zone. The retest is clean, holding firmly above minor support — giving confirmation of bullish control. This zone is also aligned with a QFL (base structure) concept, where price returns to the base before a new leg of the trend begins. 🔹 4. Current Price Action: Building for Next Leg Price is now consolidating just below the next key reversal zone (marked in green). This zone represents potential supply or resistance. There are two likely outcomes here: Rejection at the reversal zone, with a potential pullback before continuation. Clean break above, followed by "Demand Doubling", where price re-tests this level again, confirming further upside momentum. In case the second scenario plays out (as marked on the chart), EURJPY could aggressively rally toward 174.400 and beyond. 🔹 5. Demand Zones & Key Levels: ✅ Minor Demand Zone (~173.00): Currently respected — origin of last bullish move. ✅ Major Demand Zone (~171.200): Acts as macro support in case of deep retracement. ✅ Reversal Zone (~173.800 – 174.200): Price may slow down, reject, or consolidate here. Smart money usually decides at this level. 📈 MMC Trading Plan (Mirror Market Concept Approach): Buy Bias is active as long as price remains above the minor demand zone. Any rejection from reversal zone with wick traps followed by bullish engulfing setups = potential long entries. Break & hold above 174.200 will likely trigger momentum-based entries, targeting extended bullish continuation. 💹 Trade Setup Parameters: 📥 Entry #1: After successful retest and bullish confirmation at demand 🛑 Stop Loss: Below retest structure (~172.850) 🎯 Take Profit 1: 173.950 (within reversal zone) 🎯 Take Profit 2: 174.350+ (post-demand doubling continuation) 🧠 Trader’s Mindset – What to Expect Next: The chart is a classic example of MMC in real-time, where: Price traps sellers inside a fake bearish channel Breaks structure using high-volume impulsive moves Retests demand zone cleanly Builds up toward the next decision-making zone Patience is key here. Let price either break and confirm above the reversal zone or give us another deep retest for the best R:R long setup.
by GoldMasterTrades
Lower Timeframe Analysis on EUR/JPYIn this trade, I intend to open a long position. Looking at the lower timeframes (15-minute chart), I see a potential buying opportunity. After reaching the area near the 173.609 level, the pair reversed down to around 172.978, and then bounced back up. This movement may indicate the start of a reversal followed by a pullback. Moving on to the higher timeframes (daily and weekly), the bullish candles are showing some strength, and the following technical indicators: * 45-period Exponential Moving Average * 70 and 95-period Simple Moving Averages * Parabolic SAR Are moving in line with the intended direction and objective, which may suggest a continuation of the upward trend. That said, it's important to remember that despite this technical analysis, it's crucial to monitor economic data, news, and other fundamental factors that could affect this pair, since this assessment focuses solely on the technical side. The long position tool displayed on the chart is just an additional aid to help support the entry decision.
Long
by faluacuz_fx
EURJPY Technical Analysis! SELL! My dear subscribers, EURJPY looks like it will make a good move, and here are the details: The market is trading on 173.19 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 172.73 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EURJPY BUYJust an idea for short term target with SL and TP. Timeframe: H1 Price: 173.049 SL: 172.509 TP: 174.669 SL will move to breakeven at 1:1 Close 50% at 1:2 Remaining will run till 1:3 Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Long
by shakeels07
2
EURJPY Q3 | D25 | W30 | Y25📊 EURJPY Q3 | D25 | W30 | Y25 Daily Forecast🔍📅 Here’s a short diagnosis of the current chart setup 🧠📈 Higher time frame order blocks have been identified — these are our patient points of interest 🎯🧭. It’s crucial to wait for a confirmed break of structure 🧱✅ before forming a directional bias. This keeps us disciplined and aligned with what price action is truly telling us. 📈 Risk Management Protocols 🔑 Core principles: Max 1% risk per trade Only execute at pre-identified levels Use alerts, not emotion Stick to your RR plan — minimum 1:2 🧠 You’re not paid for how many trades you take, you’re paid for how well you manage risk. 🧠 Weekly FRGNT Insight "Trade what the market gives, not what your ego wants." Stay mechanical. Stay focused. Let the probabilities work. FRGNT OANDA:EURJPY
Short
by JCFRGNT
EURJPY Will Explode! BUY! My dear subscribers, My technical analysis for EURJPY is below: The price is coiling around a solid key level - 171.82 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 172.34 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1