EJ has been heavily, bearish within - not just - the last few hours, but days. Sells have most definitely taken over and have resulted in continuous breaks of structures downwards. The last BOS on the far right - once it happens (Seeing as lows just keep being attacked, with liquidity continuously being left behind) - will confirm the overall sell into demand...
A lot of the JPY pairs have been recently moving similarly (not surprising due to their obvious relationship). I’ve been keeping an eye on UJ, GJ and my personal favourite EJ - for me to notice their recent similarities. Anyway, price successfully reached the supply zone and instantly began to dump, successfully shown by the initial displacement. This signalled...
BUY/LONG ZONE (GREEN): 161.550 - 166.700 DO NOT TRADE/DNT ZONE (WHITE): 159.750 - 161.550 SELL/SHORT ZONE (RED): 155.710 - 159.750 Monthly: Bullish Weekly: Bullish Daily: Bullish 4H: Bullish Previous bearish trend has been labeled along with the DNT area and the initial bullish zone that price broke into to flip the trend. Currently price is onto the next...
Have a trade floating open on EJ currently I'd like to explain why I took this trade I have 5 questions I needed to get answered, they are as follows Question 1 - Is EURJPY in momentum (bullish or bearish)? Question 2 - Who is interested (at this time)? Question 3 - Where are their stop losses? Question 4 - Have those stop losses been taken out? Question 5 -...
Price broke out of a descending channel impulsively that's more visible in 1HTF, but Currently on 4HTF, OANDA:EURJPY is trading in an ascending channel, I'm expecting price to test and validate the upper trendline of the channel, then a continuation flag pattern which will serve as an entry opportunity. If you found this helpful please support your fellow...
EUR JPY falling wedge pattern. We had a break and retest and exhausted at the lower timeframe based on candlesticks formations on the retest level
Hi everyone. As we have a BOS to the down in 1H TF, now it's time for a pull back. I think around 161 is a good area to look for CHoCH in lower TF(like 5min) to go short. Or you can set a limit order by your own risk. Please consider the risk management. Lets see what will happen... Good luck.
EJ broke structure - I would wait for the price to return to the point of interest and begin working. If it breaks upwards eventually - let the idea go, however if it breaks the second structure? Take the sell. NOTE: This is not financial advice, please do your own research and be aware that any risks are being taken solely by you, the individual.
You can sell from this Level its a Good level for your short position
Price broke out the resistance zone and it's heading to the support zone in which price has tested so many times, and price might head to the 140.780 zone, but note that the price zones listed on the short projector isn't valid as a limit order or stop order, but just to display where I want price to head to.
Price has returned to a 5M supply on an overall HTF bearish chart. I'm looking for further bearish moves until I see signs of a shift in market structure
EURJPY has been selling from the 137.500 area every time it touches that area of resistance! The euro is weak and that is why I'm bearish as well! Also we see that every time price breaks through the 136.550 area, price fall +70 to +160 Pips! so we will take these easy pips EJ are giving us!
I GAVE THIS ISGNAL FOR FREE! This was an insane drop that we anticipated way before nut got stopped out! so we waited for confirmation & rode the wave down!
After a week off, taken some time trying to find any movement/ entries for any trades. EJ bounced of its resistance and looks to be falling. Following bank of Japan news
my view on eurjpy possible sells. The price is at a critical supply level . The beak of structure on min timeframe, price the went up to collect momentum.
Following previous chart patterns I think will drop but will watch closely due to other candles which could suggest a long. Currently sat nicely in profit.
CONFIRMATIONS FOR THE TRADE Institutional move Fib retracement level 78.6% - 88.6% 15m break of structure R:R over 1:4 imbalance fill
This has nothing to do with fundamentals. But nice reaction in price. I took this short here. Lets see how it plays out shall we? Liquidity is all around you.