EURJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Looking very bearish overall here on EJ as well but we are bouncing a bit between 135.500 and 134.500. The most likely scenario is price action falling to 134.500 before we see any further reactions. Look for structure below 134.500 to continue shorting. Trade...
EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: EJ is looking super bearish after a massive fall off from our 137.000 resistance level. Ideally, we can confirm structure and a lower high now or near 135.500 to consider short scenarios. Trade scenario 2: For us to consider EJ more bullish we need to see...
Following previous chart patterns I think will drop but will watch closely due to other candles which could suggest a long. Currently sat nicely in profit.
EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Looking bullish again on EJ as this consolidation is seeming to end. We are looking to enter long once we can confirm this higher low above 137.000. Look to target higher toward key resistance levels. Trade scenario 2: For us to consider EJ bearish we would...
EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: We’re looking bearish on the 4hour! Good news to use as EJ is due for a pullback on the higher timeframes. Ideally, price action continues with 4hour bearish volume and forms a lower high below 137.000 that we can enter on. Look to target lower toward 135.500...
Hopefully going to try and catch the short on EJ, following previous patterns. Trying to recover some losses after being wrecked by GJ whilst scalping. :)
EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are looking very bullish on EJ this week. At this point we’re looking for structure formation closer to 137.000 as support. Look to enter long on a confirmed higher low with strong bullish setups. Trade scenario 2: For us to consider EJ bearish again we...
EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Consolidating Trade scenario 1: We are still bullish on EJ and price action has formed an ascending triangle near 137.000 resistance. How price action reacts at 137.000 will determine where we look for trades. The most likely scenario is price action breaking 137 and forming structure...
EURJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Ranging Trade scenario 1: Overall EJ is bullish on the higher timeframes but we can clearly see price action is in a 4hour range at the moment. Currently there is no trend on the 4hour so we will have to wait for one. Ideally, we see price action break resistance around 135.500 with a...
EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: EJ is looking newly bearish on the 4hour as we just saw a break of a higher low and price action is currently retesting. From here we’re looking for strong bearish candles to enter short on. Trade scenario 2: For us to consider EJ bullish again we ideally...
POTENTIAL sells if price breaks back below this level with momentum making a new LL from a LH
EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: So EJ is also super bullish however we do see a very tight and steep 4hour channel. This is not ideal given how overextended the higher timeframe seems but the most likely scenario here is that price action actually pushes toward resistance around 137.000...
EURJPY Bullish Idea Weekly Trend: Bullish With Large Bullish Flag Daily Trend: Bullish Price action pushing toward upper flag 4hour Trend: Bullish (Current Chart) Trade scenario 1: Price action has been overall bullish on EJ on the higher timeframes. We can see that on the weekly timeframe, price action has been bouncing within what looks like a very...
EURJPY Neutral Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking overall bearish here on EJ but we can clearly see a 4hour inverse head & shoulders which is a known reversals pattern. We have yet to break anything but the likely scenario if we are to go bullish would be to see a higher low above 129.000 with...
EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: EJ is on the move! Looking very bearish here we’re just waiting for our next point of structure to enter short on. Ideally we can spot a lower high close to 126.500 after price action pulls back. Trade scenario 2: If we are to consider EJ bullish we first...
EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We’re now looking bearish on all major timeframes and could see price action continue to drop. The most likely scenario is that we see price action retest 130.000 resistance and form a lower high for us to enter short on. Trade scenario 2: For us to consider...
EJ is trending to the upside so we could see a potential move to take out the highs going into next week. With all the news over the weekend setups maybe change as we may have a more RISK OFF sentiment in the markets
Selling eurjpy using tight tight stop loss would be advseable