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EJ

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
EURJPY 4hour Analysis October 3rd, 2021EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Looking very bearish here on EJ and it does not look like it’s stopping. The most likely scenario is that price action will drop to support around 128.000 before we see any sort of reaction. Look for lower highs below 128.900 for a potential entry. Trade scenario 2: If we are to consider EJ bullish again we would first need to see a break back above 128.900 with a confirmed higher low above.
Short
by ForexLeague
⚡️EURJPY - BUY - 1 OCT⚡️Hello Traders!! I have analyzed EURJPY and this is my opinion -My technical analysis indicates a possible bullish setup -The risk to reward on this trade is 1:2 -It is closely related with GJ which is currently bullish ⚡️Exercise Good risk management⚡️ ⚡️ Split your position so you can partials as the move progresses⚡️ ⚡️Updates will be added on this post, stay tuned⚡️ Slick✨ Let me know what you think in the comment section
Long
by Slickpapi
EURJPY 4hour Analysis September 19th, 2021EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We’re definitely looking bearish here on EJ and we’re looking to continue with that trend into this week. At the current level we’re waiting for price action to break and retest our 128.900 level so we can enter short on a lower high. Trade scenario 2: For us to consider EJ bullish we first need to see a strong reversal here at 128.900 and ultimately a break above 130.000.
Short
by ForexLeague
EURJPY 4hour Analysis September 12th, 2021EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We’re looking full bearish now! We just saw a perfect lower high right after a break of 130.000. We can find some lower timeframe entries now or in the next few hours if price action pullsback again. Trade scenario 2: For us to consider EJ bullish we ideally need to see a break above 130.000 with a higher low above. We’ll look to enter long after we see bullish confirmations following the higher low.
Short
by ForexLeague
EURJPY 4hour Analysis August 29th, 2021EURJPY Short Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bullish Trade scenario 1: Overall we’re bearish other than this 4hour bullish leg. Good thing to spot here is that this bullish move looks to be filling this large channel. This is good because we can spot a potential short scenario on a confirmed reversal near 130.000 & this upper trendline. Look to enter short after this 4hour bullish trend is broken and we can clearly see a lower high. Trade scenario 2: For us to consider EJ bullish we would need to break above resistance around 130.000. Look to enter long on a confirmed higher low.
Short
by ForexLeague
EURJPY 4hour Analysis August 22nd, 2021EURJPY Short Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Overall very bearish on EJ but we need to see structure form. A good confluence area with our 38.2% & major resistance around 128.900 is where we’re looking for a strong reversal with signals to enter short on. Trade scenario 2: For us to consider EJ bullish we would need to confirm higher lows above 128.900 where we will look to target higher toward major resistance levels.
Short
by ForexLeague