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D-ej

EURJPY "potentially" forming false trnedline breakout....Alright so, you'll see I have two red zones drawn, I am bullish on this pair but I'm not sold on the idea it is ready to pump 150+ pips upwards yet. This is a riskier sell potential so it's best to wait for the confirmations. Right now a position is being built at 130.20. The question is...is this position going to be truly bullish or is it a manipulation move to entice people long? That I don't know yet. I look for trap/manipulation setups so i'm analyzing based on what I'd like to see. I'd like to see price break the tiny bearish trendline, and spike above atleast one of the swing points within the trendline, best case scenario is we break just above march's high. If price breaks above one of those, and we get a BULLISH engulfing, that gets reversed on, I will start looking for shorts to 129.20 That will confirm enough for me that they pulled liquidity above the march high, and we should see a sell off. Just watching for now. Let's Elevate, -Gio
by elevatedinvestor
EURJPY 4hour Analysis April 11th, 2021EURJPY Long Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Price action is currently very bullish and recently found support at 130.000 before rallying. Now we’re mid rally and need to wait for a pullback with a confirmed higher low to enter long. Look to target toward our -27% fib level. Trade scenario 2: For us to consider short opportunities on EJ we need to first see a break back below 130.000 with a lower high below. Look to target lower toward key support levels.
Long
by ForexLeague
EURJPY 4hour Analysis April 5th, 2021EURJPY Long Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: All relevant timeframes point bullish and we plan to continue with that overall trend. Currently price action is breaking resistance and testing as new support around 130.000. From the current level we ideally want to see some strong bullish setups we can enter long on. Look to target higher toward key levels of resistance. Trade scenario 2: For us to consider EJ bearish again we need to see a break of support at 130.000 first. Look to enter short on strong bearish setups after a lower high below 130.000. Look to target lower toward key levels of support.
Long
by ForexLeague
EURJPY 4hour Analysis March 21st, 2021EURJPY Long Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: Still overall very bullish but price action is currently pulling back with strong bearish volume. We are looking for strong reversals from key levels like 128.850 & our 61.8% fib level. Look to enter long on strong bullish confirmations and higher lows and target higher toward prior highs and negative fib levels. Trade scenario 2: For us to consider EJ bearish we need to see a lower high below 128.850 with strong bearish setups. Enter short and target lower toward key levels of support.
Long
by ForexLeague