FX_IDC:EURJPY   Euro / Japanese Yen
72 views
1
72 0
Daily -> Bearish
4H -> Bearish

- Strong Zone of Resistance formed and rejected off of multiple times
- Trend Line Opportunity
- Ascending Triangle Price Pattern Opportunity

Trade is in the direction of the Daily Trend

TP is below the current Daily Lower Low

The expectation is for price to make a NEW Lower Low on the Daily (Trend) timeframe


Comment: Nice Impulse down just now.
- Break of Descending 1H and 2H Triangle
- Break of 1H Line Chart Support

4H break of Diagonal Support (Trend Line) possibly en route
Comment: - 4H Candle close JUST NOW confirms broken 4H Trend Line.
- Today’s candle could print a bearish engulfing on the Daily timeframe.
- 2H line chart structure confirms downtrend price action. Lower High Created and Lower Low created
- Price is back into trend structure (Daily & Bearish)
- Expectation is for price to make a new Lower Low on the Daily Trend Structure
Comment: H4/Daily Zone respected, Stop Loss above the zone still in tact.

Nice bearish impulse just now on H4 through H1.

Price is now stalling a bit, where there was an inverse head & shoulders to the left on H4->H1. But the clues are still pointing to the downside.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out