Get started

EJ

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
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