AshleyWeyers
Long

EURJPY Counter Trend Long

FX:EURJPY   Euro / Japanese Yen
43 0 1
1. You can see from each of the highlighted zones, starting in September 2015 (A.) the pair has made lower highs and lower lows (B. and C.)
2. Mid September to mid October there was price compression, where there was a lower high, but higher lows as well until the breakdown on the 22 October forming a new low (D.)
3. Price retraced to previous structure at (E.)
4. Price has now made a new low, but found support at previous structure (F.)
5. There is now a bullish rejection bar at (F.)
6. If price breaks up on the next day candle, consider going long to point (G.) which is previous structure
7. (G.) will be a great point to look for bearish Price Action for a short trade with the trend

If price does not hold here, or break up past rejection bar, then idea is invalid
Trade closed: target reached
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
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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 My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out