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EJ

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
EURJPY 4hour Analysis December 19th, 2021EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Ranging Trade scenario 1: We are technically still within a high volume range so it’s hard to trade with the overall trend. For us to enter short we need to spot structure forming lower highs which are completely absent right now. Play it safe and be patient with this one. Trade scenario 2: We could catch a potential long position after spotting a higher low above 128.000 but our max target would be 128.850. After that look for higher lows above 128.850 to continue buying.
Short
by ForexLeague
EURJPY 4hour Analysis December 12th, 2021EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Ranging Trade scenario 1: We’re seeing a bit of ranging on the 4hour timeframe but overall we’re still mainly bearish on the higher timefrrames. From here we’re looking for strong reversals near 128.850 with bearish setups to follow. Look to target lower toward 127.500 support. Also look for lower highs below 127.500 for entries. Trade scenario 2: For us to consider EJ we need to see a higher low above 128.850.
Short
by ForexLeague
1
EURJPY 4hour Analysis October 31st, 2021EURJPY Bullish Idea Weekly Trend: Bearish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: We are also overall bullish on EJ with new structure formation. Only issue is we can see what seems to be an expanding pattern meaning price action is stuck in high volume consolidation. Ideally we want to wait for the pattern to break and in our favor of the trend. This means we will wait for a higher low to form above 132.700. Trade scenario 2:. It is likely price action will continue in this pattern for a while so look for strong reversals off our 132.700 resistance.
Long
by ForexLeague
EURJPY 4hour Analysis October 24th, 2021EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: The daily timeframe is bullish but we can see clearly on the 4hour that price action is retracing and still needs to form structure before we look to higher targets. Ideally we see a higher low form near 131.300 which is a great confluence area. Trade scenario 2: If we see a break of 131.300 with a lower high below we can begin looking for short opportunities.
Long
by ForexLeague
EURJPY 4hour Analysis October 17th, 2021EURJPY Bullish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bullish Trade scenario 1: Over extended seems to be the theme of the week and EJ is no different. The good thing here is that we appear to be finding resistance near 132.700, our new high. From here we’re looking for structure forming pullbacks. Ideally we can spot a reversal near support around 131.300 where we can spot some potential long entries. Trade scenario 2: For us to truly be bearish on EJ we would need to see an absolute break of support around 130.000 because price action can fall to 130.000, reverse and still be overall bullish.
Long
by ForexLeague
EURJPY 4hour Analysis October 10th, 2021EURJPY Neutral Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bullish The X’s represent failed breaks of support & resistance levels which helps highlight a high volume range. Trade scenario 1: We’re seeing some mixed signals here on EJ so we’re staying with a neutral outlook into the week. The most likely scenario is that price action reverses at resistance around 130.000 and heads lower toward support around 128.900. Trade scenario 2: If we’re to consider EJ bullish we would need to see a confirmed higher low above 130.000 with bullish setups to follow.
by ForexLeague
EURJPY SellsEURJPY is looking good for a short, continoius down trend on higher time frames, with price reacting to the downtrened outlined in chart mark up. Additionally price is at a level of resistance, where it is acting positivaly. Fib shows us that price is addtiionally reacting to a key level,, again giving us an indication of the market staying bearish. recent wicks left on multiple time frame show heavy bottom candles, supporting the decision to short. Finally, the 200 EMA is at price. TP is set to a previous high where market has reacted, and SL the same.
Short
by Moss_Fettes