EURJPY trade idea:EJ was shorting for most of the week. I believe it ended the week by collecting enough liquidity which lead to the break in structure and a continue to the upside.
This is a trade idea.
EJ
EURJPY 4hour Analysis December 4th, 2022EURJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking more bearish on EJ now as we saw a break of our major support level around 143.000.
Going into this week we’re looking for lower highs to form below 143.000 so we may target lower.
Trade scenario 2: For us to see EJ as bullish again it would require a break back above 143.000 with confirmed higher lows above. This move would invalidate any short potential we had for the time being.
EURJPY 4hour Analysis November 27th, 2022EURJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Overall we are bullish as long as we are holding above 144.000.
This 4hour timeframe shows a large amount of consolidation near 144.000 support which brings me to believe this has a strong chance of falling lower.
If we are to turn bearish, look for a confirmed lower high below 144.000.
Trade scenario 2: If we are to consider EJ bullish again we need to break this consolidation.
Look for 1hour higher lows + convincing bullish variations to enter long.
EURJPY 4hour Analysis November 20th, 2022EURJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are still overall bullish but this chart is showing us it’s getting ready to break lowe.
Going into this week we are looking for reactions from our 144.000 zone.
Ideally, price action breaks below 144.000 and forms a lower high below. If this plays out it could send us into a massive short opportunity.
Trade scenario 2: The other likely scenario is a bounce off 144.000 sending EJ back into the range. Look to target higher resistance levels.
EURJPY 4hour Analysis November 13th, 2022EURJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: We are looking bearish on the 4hour timeframe but higher timeframes point to bullish still.
With our eyes on our key zone, 144.000, we’re looking for reactions to better understand where price action is going next.
Ideally, if we continue bearish we want to see a lower high below 144.000 support with convincing bearish variations to short on.
Trade scenario 2: The other likely scenario is price action rallying from 144.000 support up to higher resistance zones.
EURJPY 4hour Analysis November 6th, 2022EURJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: We have been very bullish on EJ but as of lately we are seeing a 4hour bearish trend.
Going into this week we’re looking for the classic break and retest. Price action is currently resting at our 146.250 zone and we’re waiting for reactions.
If we are to continue bearish, look for rejection that confirms this lower high and target lower toward 144.000
Trade scenario 2: If we are to look for bullish setups we would need EJ to break back above 146.250 and form a convincing higher low.
EURJPY long - swing tradeEURJPY on Friday session has successfully bounced again from significant support - together with 4H 200 moving average.
Further bullish sign that we closed above 4H 50 as well.
Expecting a pullback on lower timeframes then entering a position targeting 147.800 then the 149.300 range with significant resistance.
EURJPY 4hour Analysis October 30th, 2022EURJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: EJ is still holding at this high and is still overall bullish.
Going into this week we’re looking for bullish rejection from 146.250 minor support. Essentially we want to see a clear continuation up to 148.000 resistance.
Trade scenario 2: If we are to consider EJ bearish this week we would need to see a break below 146.250 with a confirmed lower high below.
EURJPY 4hour Analysis October 23rd, 2022EURJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1:EJ is looking closer to a long scenario than anything else. We need to see a higher low above this minor level 146.250 with some bullish variations then we’re long.
Trade scenario 2: Another scenario is EJ falling back to our 144.000 zone where we will have to re-analyze and look for a bounce or break from that level.
EURJPY 4hour Analysis October 16th, 2022EURJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: All timeframes are back to bullish trends and price action is now right near a key zone, 144.000.
Going into this week it’s more likely that we will continue bullish and see price action break 144.000 and form a higher low above. Look to target toward 148.000 if this happens.
Trade scenario 2: If price action falls back through 144.000 look for strong rejection + bearish variations to confirm a new bearish trend.
EURJPY ShortPrice has returned to a 5M supply on an overall HTF bearish chart. I'm looking for further bearish moves until I see signs of a shift in market structure
EURJPY 4hour Analysis October 9th, 2022EURJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: EJ has been overall very bullish but here on the 4hour timeframe we’re looking more bearish, especially after the recent break of our 142.000 zone.
Going into this week we’re looking for the 4hour trend to continue bearish. We will look for short scenarios after a confirmed lower high forms below 142.000.
Look to target lower toward 140.000 support.
Trade scenario 2: For us to consider EJ bullish again we would first need to see a break back above our 142.000 zone with a higher low above.
EURJPY 4hour Analysis October 2nd, 2022EURJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are generally bullish on EJ again but we are resting at key resistance right around 142.000.
If we break above 142.000 look for a higher low to enter long on and target higher toward 144.000.
Trade scenario 2: If EJ rejects from 142.000 look for clear bearish setups to enter short on and target lower toward 140.000.
EURJPY 4hour Analysis September 25th, 2022EURJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bearish
Trade scenario 1: EJ has been overall bullish for a while but recently we have been seeing a major down trend since rejecting our 144.000 zone.
If we are to continue bearish we ideally need to see a bit of consolidation with significant bearish variations to follow. Look to target toward lower support levels.
Trade scenario 2: If we are to consider EJ bullish again we would first need to see a break back above 140.000 with a higher low above.
EURJPY 4hour Analysis September 18th, 2022EURJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1:We are still overall very bullish but we are currently forming a head and shoulders pattern near 144.000 resistance.
Going into this week we need to wait and see if the head and shoulders will complete or if price action will remain bullish.
Look for a break of 142.000 with a lower high below to enter short.
Trade scenario 2: If price action breaks above 144.000 look for a higher low above to consider long scenarios.
EURJPY 4hour Analysis September 11th, 2022EURJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: EJ is unshakeably bullish and is currently resting right near our 144.000 zone.
Going into this week we’re hoping for a reversal from 144.000 to form structure near 142.000.
If this happens look for a higher low with strong bullish setups to enter long on. Target back toward 144.000
Trade scenario 2: For us to consider EJ bearish again we would need to see a break below 142.000 with structure forming lower highs below.
EJ short setupWe have a CHoCH which means now we can look for short positions.
As I think it's in a good level to enter this position.
Lets see what will happen...
EURJPY 4hour Analysis September 5th, 2022EURJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bullish
Trade scenario 1: We are looking more bullish lately but we can see price action is at major resistance around 140.000, a daily zone.
From here we’re looking for a break above 140.000 with a higher low above.
Trade scenario 2: For us to consider EJ bearish again on the 4hour timeframe we would need to see a sharp reversal and push below 139.000
Look for lower highs on the way down toward 137.000 if this happens.
EURJPY 4hour Analysis August 21st, 2022EURJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We have been pretty bearish on EJ lately but price action seems to be struggling near our 137.000 zone at the moment.
From here we’re looking for reactions to determine what to do next. Ideally, price action reverses from 137.000 and starts heading lower with significant lower highs.
Trade scenario 2: For us to consider EJ bullish we would need to see a break above 137.000 with structure forming higher lows above. If price action pushes through it will also confirm an inverse head and shoulders pattern.
EURJPY 4hour Analysis August 14th, 2022EURJPY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking super bearish on EJ and we seem to have broken a key zone near 137.000
Look for strong bearish variations right now and look to enter short on confirmation below 137.000. Target lower toward key support levels.
Trade scenario 2: For us to consider EJ bullish again we would need to see a significant break of 137.000 with a higher low above.
EJ daily/4hr/1hr chart mark up for a sell positionMy analysis is that on the daily time frame i am looking for over all buys because its an uptrend. so for a swing move i will be looking for price to get into my sweet spot zone on the ( 0.5- 0.618) for a buy
however on the 4hr hour i can take an intraday position sell position since i see that price respected that channel i would re enter when price re touch my 10 ma for the sell to continue
and on the 1hr time and the 30min i would be waiting in the same thing to enter the trade.
EURJPY 4hour Analysis August 7th, 2022EURJPY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Clearly bearish on EJ going into this week. Ideally we can find some structure and a continuation.
We are looking for price action to reject our 137.000 zone and start forming lower highs below. Look to enter on a significant lower high and target lower toward 133.000 support.
Trade scenario 2: For us to consider EJ more bullish we would need to see higher lows above 137.000 first.
