Hi Traders, The top trend line of the parallel channel had been tested multiple times. Expecting price to break above reaching 145.9. Target price: 145.9 Thank you. Trade Safe
Price broke out the resistance zone and it's heading to the support zone in which price has tested so many times, and price might head to the 140.780 zone, but note that the price zones listed on the short projector isn't valid as a limit order or stop order, but just to display where I want price to head to.
EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking bearish overall but we still need to see a few things before we can confirm more downside movement. Ideally price action continues bearish and proves so by breaking 143.000 support. Look for a confirmed lower high below to enter short. Trade...
EJ was shorting for most of the week. I believe it ended the week by collecting enough liquidity which lead to the break in structure and a continue to the upside. This is a trade idea.
EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking more bearish on EJ now as we saw a break of our major support level around 143.000. Going into this week we’re looking for lower highs to form below 143.000 so we may target lower. Trade scenario 2: For us to see EJ as bullish again it would...
EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Overall we are bullish as long as we are holding above 144.000. This 4hour timeframe shows a large amount of consolidation near 144.000 support which brings me to believe this has a strong chance of falling lower. If we are to turn bearish, look for a...
EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are still overall bullish but this chart is showing us it’s getting ready to break lowe. Going into this week we are looking for reactions from our 144.000 zone. Ideally, price action breaks below 144.000 and forms a lower high below. If this plays out it...
EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: We are looking bearish on the 4hour timeframe but higher timeframes point to bullish still. With our eyes on our key zone, 144.000, we’re looking for reactions to better understand where price action is going next. Ideally, if we continue bearish we want to...
EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: We have been very bullish on EJ but as of lately we are seeing a 4hour bearish trend. Going into this week we’re looking for the classic break and retest. Price action is currently resting at our 146.250 zone and we’re waiting for reactions. If we are to...
EURJPY on Friday session has successfully bounced again from significant support - together with 4H 200 moving average. Further bullish sign that we closed above 4H 50 as well. Expecting a pullback on lower timeframes then entering a position targeting 147.800 then the 149.300 range with significant resistance.
EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: EJ is still holding at this high and is still overall bullish. Going into this week we’re looking for bullish rejection from 146.250 minor support. Essentially we want to see a clear continuation up to 148.000 resistance. Trade scenario 2: If we are to...
EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1:EJ is looking closer to a long scenario than anything else. We need to see a higher low above this minor level 146.250 with some bullish variations then we’re long. Trade scenario 2: Another scenario is EJ falling back to our 144.000 zone where we will have to...
EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: All timeframes are back to bullish trends and price action is now right near a key zone, 144.000. Going into this week it’s more likely that we will continue bullish and see price action break 144.000 and form a higher low above. Look to target toward 148.000...
Price has returned to a 5M supply on an overall HTF bearish chart. I'm looking for further bearish moves until I see signs of a shift in market structure
EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: EJ has been overall very bullish but here on the 4hour timeframe we’re looking more bearish, especially after the recent break of our 142.000 zone. Going into this week we’re looking for the 4hour trend to continue bearish. We will look for short scenarios...
EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are generally bullish on EJ again but we are resting at key resistance right around 142.000. If we break above 142.000 look for a higher low to enter long on and target higher toward 144.000. Trade scenario 2: If EJ rejects from 142.000 look for clear...
EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: EJ has been overall bullish for a while but recently we have been seeing a major down trend since rejecting our 144.000 zone. If we are to continue bearish we ideally need to see a bit of consolidation with significant bearish variations to follow. Look to...