JPYEUR trade ideas
EUR/JPY – Double Top with RSI Divergence (Bearish Setup)Technical Analysis (Short Trade Idea)
EUR/JPY is forming a textbook double top pattern with notable bearish signals:
First top: 173.242
S econd top: 173.111 (lower high, indicating weakening bullish pressure)
Neckline: 171.650 – key support level, potential breakdown trigger
RSI divergence: Bearish divergence observed as RSI prints lower highs while price forms nearly equal tops, signaling momentum loss
This structure suggests a potential reversal from recent highs. A short opportunity may arise if price breaks below the neckline at 171.650 with confirmation.
Trade Setup
Sell Stop: 171.650
Stop Loss: 173.148
Take Profit 1: 170.180
Take Profit 2: 168.642
EURJPY Hits Major Weekly Supply | Is the Bull Run Over?EUR/JPY – Institutional Macro Context (COT)
EUR (Euro)
Non-commercials net longs increased by +16,146 → strong buying.
Commercials added +25,799 long positions.
✅ Bias: Moderately bullish.
JPY (Japanese Yen)
Non-commercials decreased longs by -4,432.
Commercials cut -20,405 long contracts.
❌ Bias: Bearish pressure remains on JPY.
Conclusion (COT): EUR remains fundamentally strong, JPY structurally weak. Institutional flows favor long EUR/JPY, but positioning is stretched.
Seasonality (July)
EURJPY shows strong bullish seasonality in July, especially over the 2Y and 5Y averages (+1.03% and +0.66% respectively).
✅ Seasonality bias: Bullish.
Retail Sentiment
89% of traders are short on EUR/JPY.
Contrarian bias = bullish confirmation.
Technical Analysis (Weekly View)
Price is pushing into a major weekly supply zone around 172.50–173.00.
RSI still elevated but showing signs of weakening momentum.
Potential double top structure forming in confluence with liquidity grab.
First downside target sits around 169.50 (daily demand zone).
Awaiting a reaction in supply and confirmation for short.
Trading Plan (Top-Down)
Wait for price to reject the 172.50–173.00 area
Watch for bearish confirmation on Daily (engulfing or lower high)
Target: 169.50 zone
Risk: tight above 173.20 (invalidating supply zone)
EURJPY – WEEKLY FORECAST Q3 | W30 | Y25📊 EURJPY – WEEKLY FORECAST
Q3 | W30 | Y25
Weekly 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 FOREX ANALYSIS 📊
EURJPY / Euro – Japanese Yen (2H) – Bullish Structure Rebuilding
Hello awesome traders! 👋
Wrapping up the week with one more setup review — this one’s moving step by step, and now testing a critical level. Let's break it down.
📌 Pattern Breakdown
We had a clean multi-leg impulse and harmonic rotation:
🔹 D-leg reversal formed at 170.809, right inside the PCZ
🔹 Strong rally into the 23.6% fib zone (172.895)
🔹 Partial profits were taken at that first resistance
🔹 Price is now testing that same level as resistance turned support (R→S)
This is the decision point — a confirmed hold above 172.89 signals potential continuation toward TP1.
🎯 Targets Ahead
📍 TP1 Zone:
• 78.6% = 173.694
• 100% = 174.215
💡 But first — 23.6% is the gate. If it holds as new support, momentum should carry this back into the higher fibs.
🧠 What to Watch
✅ Structure respected from PCZ
✅ Partial taken on first reaction
🟡 Now watching reaction at 23% for direction:
• 🔼 Break + hold → continuation toward TP1
• 🔽 Failure + breakdown → reversion back into PCZ
🗝 Final Thoughts
This is how measured setups evolve — from structure → to reaction → to resolution.
You’ve got the edge — now it’s about letting price show the hand.
“The 23% isn’t just a pullback — it’s a pressure point. Hold it, and the next move builds.”
EURJPY Short Swing TradeOANDA:EURJPY Short trade, with my back testing of this strategy, it hits multiple possible take profits, manage your position accordingly.
This is good trade, don't overload your risk like greedy, be disciplined trader, this is good trade.
Use proper risk management
Looks like good trade.
Lets monitor.
Use proper risk management.
Disclaimer: only idea, not advice
"Three Drives" And EURJPY Bulls Could Be Out!!OANDA:EURJPY has potentially been forming quite a rare Reversal Pattern, the Three Drives Pattern, after making a Bullish Breakout of the Triangle, lets break it down!
Three Drive Patterns are very similar to ABCD patterns except for one thing, a Retracement instead of a Reversal after the CD Leg is finished!
In the CD Leg, Price creates quite a Trading Volume Gap between 172.1 - 171.8 and after Price declines from Point D (normally a Short Opportunity on an ABCD Pattern), Price actually makes a 61.8% Retracement of CD, creating Point E in that very Price Range and moves up, which "drives" a strong case that we potentially could be looking at a Three Drive Pattern!
Now that we have Point E, we can use the Fibonacci Retracement Tool to help give us an idea on where the Extension of the EF Leg could potentially end and the Fibonacci Levels suspected are:
123.6% --> 173.585
138.2% --> 173.795
161.8% --> 174.134
Once Price has made an Extension, shows Reaction, and moves Down from these levels; this could generate a great Short Opportunity!
EURJPY Is Going Up! Long!
Here is our detailed technical review for EURJPY.
Time Frame: 7h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 172.355.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 174.222 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Clear Entry, Clear Targets! Strategy Kicks Off with EUR/JPYHey everyone 👋
📌 SELL LIMIT ORDER / EUR/JPY Key Levels
🟢 Entry: 172,779
🎯 Target 1: 172.598
🎯 Target 2: 172.389
🎯 Target 3: 171,775
🔴 Stop: 173.097
📈 Risk/Reward Ratio: 3.17
I double-checked the levels and put together a clean, focused analysis just for you. Every single like seriously boosts my motivation to keep sharing 📈 Your support means the world to me!
Huge thanks to everyone who likes and backs this work 💙
Our goals are crystal clear, our strategy is solid. Let’s keep moving forward with confidence and smart execution!
EURJPY - Still Over-Bought!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURJPY has been overall bullish trading within the rising channel marked in blue. However, it is currently retesting the upper bound of the channel.
Moreover, the green zone is a major weekly supply.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper blue trendline and weekly supply.
📚 As per my trading style:
As #EURJPY approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EUR_JPY WILL GO UP|LONG|
✅EUR_JPY is trading along the rising support line
And as the pair is going up now
After the retest of the line
I am expecting the price to keep growing
To retest the supply levels above at 173.166
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.