EUR FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE In recent weeks, the persistently high inflation has seen the ECB take a more hawkish turn with the bank hiking rates by 50bsp at their July meeting. But the bank quelled any hawkish excitement by explaining they are frontloading hikes and not signalling a higher terminal rate with their bigger than expected...
EUR FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE In recent weeks, the persistently high inflation has seen the ECB take a more hawkish turn with the bank hiking rates by 50bsp at their July meeting. But the bank quelled any hawkish excitement by explaining they are frontloading hikes and not signalling a higher terminal rate with their bigger than expected...
EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking super bearish on EJ and we seem to have broken a key zone near 137.000 Look for strong bearish variations right now and look to enter short on confirmation below 137.000. Target lower toward key support levels. Trade scenario 2: For us to...
Eur jpy short. Break of prev lows and break retest trendline
The EURJPY pair has been trading exactly as the plan we first posted here a month ago: As you see, the break below the Channel Up, along with the 1W MACD Bearish Cross, kick-started a sell sequence that eventually found Support and rebounded exactly on the 1D MA200 (orange trend-line). This continues to be a similar pattern with that of May - October 2020. As...
EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Clearly bearish on EJ going into this week. Ideally we can find some structure and a continuation. We are looking for price action to reject our 137.000 zone and start forming lower highs below. Look to enter on a significant lower high and target lower toward...
Hey traders, in the coming week we are monitoring EURJPY for a selling opportunity around 137.6 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
EURJPY - Intraday - We look to Sell at 137.30 (stop at 138.25) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for sentiment and the downtrend has potential to return. The hourly chart technicals suggests further upside before the downtrend returns. We therefore, prefer to fade into the...
EURJPY on the 4h chart is trading above a minor support. The market after the lrecxent low retraced to the 0.5 fibonacci level. How can i approach this scenario? I will wait for the EU market open and check for a possible break of the support area. In that case i will check the opportunity for a nice short order according to the Plancton's strategy...
EUR FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE In recent weeks, the persistently high inflation has seen the ECB take a more hawkish turn with the bank hiking rates by 50bsp at their July meeting. But the bank quelled any hawkish excitement by explaining they are frontloading hikes and not signalling a higher terminal rate with their bigger hike. At their...
URJPY on the 4h chart is trading above a minor support. The market after the last bullish impulse creates a lower lowe high move. How can i approach this scenario? I will wait for the EU market open and check for a possible break of the area. In that case i will check the opportunity for a nice short order according to the Plancton's strategy rules. --–– Follow...
EURJPY - Intraday - We look to Sell at 136.85 (stop at 138.00) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for sentiment and the downtrend has potential to return. The hourly chart technicals suggests further upside before the downtrend returns. We therefore, prefer to fade into the...
It turned out that EURJPY managed to break and close below a solid daily demand cluster. The next support on focus is 132.66 - 133.24 area. I believe that the price will manage to reach that structure soon. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking bearish this week! We just saw a break of our 137.000 zone and now we’re looking to continue lower. Ideally, price action rejects our 137.000 zone and forms clear structure we can enter short on. Look to target lower toward 133.000 Trade...
DXY is going to test the support and head for another peak upwards. It is always good to pay attention to the index as it can improve our forex trades. If everything goes as planned we can look for GBPUSD short as it is in an area of value and with the DXY and fundamentals on our side, it will be a high probability of TP trade.
EURJPY LONG Why are we entering? - Expecting JPY Weakness & EUR Strength - Price is approaching a structure level & 1.38 fibonacci level - We are at the end of our ABC correction What are we waiting for to happen? - rejection of structure level & fibonacci level - break of WFB trendline / RISK trendline Entry SAFE Entry: Rejection of structure level & fibonacci...
EUR FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE In recent weeks, the persistently high inflation has seen the ECB take a more hawkish turn with the bank hiking rates by 50bsp at their July meeting. But the bank quelled any hawkish excitement by explaining they are frontloading hikes and not signalling a higher terminal rate with their bigger hike. At their...
Hey traders, in today's trading session we are monitoring EURJPY for a selling opportunity around 137,5 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.