#EURJPY Weekly Chart analysis .
This is looking like a very very sweet trade . Using multi timeframe price action analysis we can see and Ascending Purple trendline that has being respected and touched multiple times on the bull run .
Both of our moving average are Green and Sloping up . the 200 sma is far away from the candles showing us strong bulls are dominating the market .
When we drop to the 4hr chart , which is the chart you are currently looking at , we can see in more detail the strength of the trend . Now if we use our fibb retrace tool from the august low , we can the Golden Zone line up beuaitfully with a daily level of structure , a 4hr level of structure the ascending trendline and if the candles pull back to it like i predict they will the 50moving average will be close enough to it to perform a Moving average bounce .
This Green circle is a little sweet spot and we will be entering on this pair once the candles align. We do not want to enter if the candles are closing very very bearish
This is looking like a very very sweet trade . Using multi timeframe price action analysis we can see and Ascending Purple trendline that has being respected and touched multiple times on the bull run .
Both of our moving average are Green and Sloping up . the 200 sma is far away from the candles showing us strong bulls are dominating the market .
When we drop to the 4hr chart , which is the chart you are currently looking at , we can see in more detail the strength of the trend . Now if we use our fibb retrace tool from the august low , we can the Golden Zone line up beuaitfully with a daily level of structure , a 4hr level of structure the ascending trendline and if the candles pull back to it like i predict they will the 50moving average will be close enough to it to perform a Moving average bounce .
This Green circle is a little sweet spot and we will be entering on this pair once the candles align. We do not want to enter if the candles are closing very very bearish