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
EURJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: We are still technically bearish on the 4hour while the higher timeframes remain bullish. The most likely scenario given price action formation is that we will see a break of support near 130.000 with a lower high below. If this happens look to enter short and...
EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: We have recently seen a huge amount of volume here on EJ and are looking bearish on the 4hour timeframe. The higher timeframes are looking bullish so we need to see some more confirmations before we can enter on a trade. Look for price action to follow through...
EURJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are looking extremely bullish as well as over extended here on EJ. When we see this much volume and lack of structure it makes it difficult to find a trade opportunity. We essentially need to wait for the market to resume normal movement. Ideally, we can see...
EURJPY will reverse Pendent order - Short Stop EURJPY SHORT - lowterm (longterm TP is 126.30 and 125) EP: 131.300 ratio: 1: 2.26 SL: 132.055 TP: 129.596 I will short at 131.667 after the break of that red pattern, but 131.30 is safer because is bellow the pivot, but you will choose what you fill is better Targets on Chart Be carefull, patient and...
This has nothing to do with fundamentals. But nice reaction in price. I took this short here. Lets see how it plays out shall we? Liquidity is all around you.
Liquidity is all around you... Keep eyes open for a good pullback here on EJ. It's looking for liquidity :)
Liquidity is all around you. Beneath and above, look at where the stops are. Counters like this are lower probability so keep that in mind.
EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are also looking very bearish here on EJ and how price action reacts at this 129.000 level will determine what we do next. Ideally, we see a break of 129.000 with a lower high below to enter short on. Trade scenario 2: If price action bounces off 129.000...
EURJPY fell for us nicely last week, I want to see price pull back a little to retest support and turn it into resistance so we can sell again
EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Looking very bullish here on EJ although we did see a fairly large pullback to 130.000 support. From this level we’re looking for strong bullish candles to reject off support which could present a slightly aggressive entry opportunity. For a more conservative...