Final push on EURJPY
Monthly timeframe
- Bullish M not completed yet
- Flat wall
- Targeting at least the 166.000 region
Weekly timeframe
- Bullish indicational candle
- Selling region/weekly high could've been used as resistance, instead we are trading back above
- Bullish market structure
Daily timeframe
- Bullish impulse followed by a bearish correction
- 90% rule kicked in
- Bullish M (we can see the break on the 4H timeframe)
- Precise tap of the last weekly high and using it as support
4H timeframe
- Deceleration -> given the strong bullish reaction within the deceleration I go to the lower timeframe (2H/1H) to see whether a pattern has formed there
1H timeframe
- Bullish M without break of structure
- Bullish M not completed yet
- Flat wall
- Targeting at least the 166.000 region
Weekly timeframe
- Bullish indicational candle
- Selling region/weekly high could've been used as resistance, instead we are trading back above
- Bullish market structure
Daily timeframe
- Bullish impulse followed by a bearish correction
- 90% rule kicked in
- Bullish M (we can see the break on the 4H timeframe)
- Precise tap of the last weekly high and using it as support
4H timeframe
- Deceleration -> given the strong bullish reaction within the deceleration I go to the lower timeframe (2H/1H) to see whether a pattern has formed there
1H timeframe
- Bullish M without break of structure
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