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EJ

EURJPY 4hour Analysis August 29th, 2021EURJPY Short Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bullish Trade scenario 1: Overall we’re bearish other than this 4hour bullish leg. Good thing to spot here is that this bullish move looks to be filling this large channel. This is good because we can spot a potential short scenario on a confirmed reversal near 130.000 & this upper trendline. Look to enter short after this 4hour bullish trend is broken and we can clearly see a lower high. Trade scenario 2: For us to consider EJ bullish we would need to break above resistance around 130.000. Look to enter long on a confirmed higher low.
Short
by ForexLeague
EURJPY 4hour Analysis August 22nd, 2021EURJPY Short Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Overall very bearish on EJ but we need to see structure form. A good confluence area with our 38.2% & major resistance around 128.900 is where we’re looking for a strong reversal with signals to enter short on. Trade scenario 2: For us to consider EJ bullish we would need to confirm higher lows above 128.900 where we will look to target higher toward major resistance levels.
Short
by ForexLeague
EURJPY 4hour Analysis August 15th, 2021EURJPY Short Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Definitely still bearish here on EJ. Ideally we would like to enter on a strong reversal off resistance at 130.000 but we’re really looking for lower highs for entries at this point. We have a strong bearish trend with great structure forming so if we see confirmations we’re entering. Look to enter short if we get a retest and reversal of the recently broken triangle pattern. Trade scenario 2: For us to consider EJ bullish we need to see a break above resistance at 130.000 with a higher low above.
Short
by ForexLeague
EURJPY 4hour Analysis August 1st, 2021EURJPY Long Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bullish Trade scenario 1: Higher timeframes point bearish while the 4hour is now newly bullish as we have confirmed the transition above 130.000 The only thing we’re waiting for now is bullish conviction for us to enter long. Ideally that needs to happen sooner than later because if price action begins to consolidate it becomes more likely for a reversal. Trade scenario 2: For us to consider EJ bearish again we would need to see a break back below 130.000 with a lower high below.
Long
by ForexLeague
EURJPY 4hour Analysis July 24th, 2021 EURJPY Short Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: EJ again is somewhat difficult to analyze this week as there is potential for a lot of movement. We have narrowed down the most likely scenarios here as price action rests at resistance near 130.000. Ideally we’d like to continue with the overall bearish trend as it’s more likely that we will see a strong reversal at the current level. If we spot a reversal with good bearish setups we will enter short and target toward lower support levels. Trade scenario 2: If we see a break above 130.000 with a significant higher low we will consider taking long setups into key resistance levels.
Short
by ForexLeague
EURJPY 4hour Analysis July 18th, 2021EURJPY Short Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: EJ is looking very bearish and honestly because of the high volume and how price action is forming it’s making our options more risky. We want to continue with the trend so we want to try to enter on high probability trades only. Either EJ will push lower now and could present a good short opportunity but confirmations will be limited. Or price action will pullback to resistance near our 38.2% fib level and present short opportunities after a confirmed lower high. Trade scenario 2: For us to consider EJ bullish we ideally need to see price action break above 132.000 with a confirmed higher low.
Short
by ForexLeague
EURJPY 4hour Analysis July 11th, 2021EURJPY Short Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are definitely overall pretty bearish on EJ and the trend looks like it could continue this next week. Ideally we see resistance and broken structure tested and rejected around 131.300 with strong bearish setups to follow. This will confirm the lower high, new structure and the continuation of the trend, target lower toward major support levels. Trade scenario 2: For us to consider EJ bullish we need to see a major resistance level broken. Conservatively we will wait for price action to break 132.000 resistance and for higher lows to form above this level.
Short
by ForexLeague
EURJPY 4hour Analysis July 5th, 2021EURJPY Short Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We’re looking very bearish on this pair and as we generally remain below 132.000 we’re going to favor bearish scenarios only. Look for a clear lower high to form below 132.000 with strong bearish setups and target lower toward key levels of support. Trade scenario 2: For us to consider EJ bullish we need to see a higher low above 132.000. Look to target higher toward key resistance levels.
Short
by ForexLeague