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EJ

EURJPY 4hour Analysis July 25th, 2022EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: EJ has been looking very bearish on the daily and 4hour timeframes and we’re looking to continue with that bearish trend. Going into this week we’re looking for lower highs below 140.000. If we can spot a good example of rejection + a lower high we will consider short setups into our 137.000 support zone. Trade scenario 2: For us to consider EJ bullish we first need to see a strong break of 140.000 resistance with key structure above.
Short
by ForexLeague
1
EURJPY 4hour Analysis July 17th, 2022EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Overall bearish on EJ but price action is resting at a critical zone. From here we’re ideally looking for a strong reversal near 140.000 with bearish setups we can enter short on. Look to target lower toward key support levels. Trade scenario 2: For us to consider EJ bullish we would first need to see a break of 140.000 with a higher low above. Look to target high toward key resistance levels.
Short
by ForexLeague
EURJPY 4hour Analysis July 10th, 2022EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are now bearish on all major timeframes on EJ. This week we’ll be looking for bearish continuations. Ideally, price action reverses closer to 140.000 and forms a 4hour lower high. If this happens we will look to enter short on strong bearish setups confirming the lower high. Look to target lower toward major support levels. Trade scenario 2: For us to consider EJ bullish again we would need to see a break above 140.000 with a significant higher low above.
Short
by ForexLeague
EURJPY 4hour Analysis June 12th, 2022EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Looking very bullish on EJ still but we can see price action is pulling back to our 140.000 level. From this level we’re looking for some sort of bullish reaction with strong setups to enter long on. Look to target higher toward 144.000 resistance if can spot a clear higher low above 140.000 Trade scenario 2: For us to consider EJ bearish we need to start seeing structure below 140.000 support.
Long
by ForexLeague
EURJPY 4hour Analysis June 5th, 2022EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are extremely bullish on EJ once again and we do have daily structure that formed near 134.300. This could be the rally to new highs & our -27% fib level. This is a big if, so to be safe want to exclusively enter long scenarios on 4hour structure forming higher lows. Trade scenario 2: For us to consider EJ bearish again we would need to see a break below 137.000 with lower highs below.
Long
by ForexLeague
1
EURJPY 1hour Analysis May 22nd, 2022EURJPY 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 scenario 2: For us to consider EJ bullish we need a higher low above 135.500 with strong bullish setups to enter long on.
by ForexLeague
EURJPY 4hour Analysis May 15th, 2022EURJPY 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 price action shoot back up toward 137.000 and start forming some serious 4hour bullish structure.
Short
by ForexLeague
EURJPY 4hour Analysis May 1st, 2022EURJPY 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 support. Trade scenario 2: If we are to consider EJ bullish again we would need to see a higher low above 137.000.
Short
by ForexLeague
EURJPY 4hour Analysis April 17th, 2022EURJPY 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 above. Trade scenario 2: If we are to consider EJ bearish we need to see a break of the most recent 4hour higher low and this pattern. Look to enter short on lower highs and target toward 135.500
Long
by ForexLeague
EURJPY 4hour Analysis April 10th, 2022EURJPY 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 higher low above. Look to target higher toward 137.000 resistance if this happens. Trade scenario 2: For us to consider EJ shorts we need to see a bearish break of 134.550 support with a lower high below.
by ForexLeague
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