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EJ

EURJPY 4hour Analysis March 27th, 2022EURJPY 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 before we see any sort of serious reaction. Trade scenario 2: For us to consider EJ bearish and start looking for short opportunities we need to see our 133.000 support level break. Look for structure forming lower highs below 133.000 for high probability setups.
Long
by ForexLeague
EURJPY 4hour Analysis March 20th, 2022EURJPY 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 large bullish flag. This suggests price action will continue higher on a macro level but we need to find what is more accessible to us for the week ahead. On the 4hour we can see price action is a bit overextended and needs to form structure. Look for a structure forming higher low above 130.650 support to enter long on. Trade scenario 2: For us to consider EJ bearish we would need to see a lower high below 130.650 support.
Long
by ForexLeague
EURJPY 4hour Analysis March 13th, 2022EURJPY 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 strong bullish variations to enter long on. Trade scenario 2: For us to consider EJ bearish we would really need to see a lower high below 129.000
by ForexLeague
EURJPY 4hour Analysis February 20th, 2022EURJPY 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 target lower toward key support levels. Trade scenario 2: For us to consider EJ bullish we would need to see a massive reversal off 130.000 support with structure forming higher lows to enter long on.
by ForexLeague
EURJPY 4hour Analysis February 14th, 2022EURJPY 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 with bullish rejection off 130.000 support. Ideally, a higher low above 131.450 would be perfect. Trade scenario 2: The other likely scenario is that price action will find rejection near 131.450 and head lower toward 130.000 support once again.
Long
by ForexLeague
EURJPY 4hour Analysis February 6th, 2022EURJPY 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 some consolidation followed by a structure forming higher low before continuing with the trend. Trade scenario 2: Price action could also pullback quite a bit due to the previous volume. Look for price action to fall back below 131.450 and form a lower high below.
by ForexLeague
EURJPY will reverseEURJPY 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 discipline. This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading. Good trades to All.
Short
by miketiger
2
EURJPY 4hour Analysis January 23th, 2022EURJPY 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 it is likely price action will continue higher toward the next zone near 130.000.
Short
by ForexLeague
EURJPY 4hour Analysis January 16th, 2021EURJPY 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 buy entry wait for a higher low to form above 131.350. Target higher toward key resistance levels if this happens. Trade scenario 2: For us to consider EJ bearish we would need to see a lower high below 130.000. Look to target lower toward key support levels if this happens.
Long
by ForexLeague
EURJPY 4hour Analysis January 9th, 2021EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are looking steady bullish here on EJ and it looks like it will continue this way for the week ahead. Ideally we can spot a higher low above 131.350 with strong bullish setups to enter on. Look to target higher toward 132.750 Trade scenario 2: If we see a reversal from current resistance look for a lower high below 130.850 before entering short.
Long
by ForexLeague