🔸 DAILY CHART EXPLANATION: . . 🔸Price bounced at the Resistance Zone. . 🔸It has been consolidating since then without a clear direction. . 🔸We consider that this pair has bearish potential towards the Support Zone. After that, we will wait for a definition based on the two scenarios in the chart. . 🔸 Will look for a lower timeframe setup when the direction is clear.
Watch and understand my reasons within my ideas.
GBP/JPY, GBP/USD and EUR/JPY on watch for me today.
Trapped sellers (from 30m) inside a larger 4h zone - will have an urge to exit when price comes back to them - resulting in a long entry!
Overall, EUR/JPY is ranging across. EUR/JPY’s next support zone is at 124.600 and the next resistance zone is at 126.700. Look for buying opportunities of EUR/JPY.
EURJPY Long Idea Overall this pair has been extremely bullish on all major timeframes. Currently we’re looking to continue with this trend and will be looking to enter on long opportunities only. Ideally a higher low formation above 125.300 with strong bullish setups would be enough to enter long. Look to target higher toward key resistance and fib levels.
Price is still showing signs that we will continue the push to the downside. We have broken the trendline, also had that liquidity grab back into that key resistance area, which was really nice!
Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** In the event that it reaches the support and does not break it, the trend may be to the upside, as is evident. *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of...
EURJPY is forming a head and shoulders pattern around resistance. we also have a trendline and divergence adding more confluence to our setup. our trigger would be after a momentum candle close below the neckline. and the stop loss would go just above the right shoulders. we always target double our stop loss!
Bullish Bat trend trading opportunity on EURJPY. A trading setup I will be waiting at the consolidation zone within the black box.
- We need time to answer. This situation is extremely sensitive, we -have to wait and see if the buyers or sellers have more power! - Economic news is also very important
Head formed the Double bottom (double wick). level 124.43 respected few times before price rejected and go rocketing with bullish sentiment. Right shoulder formed the lower bounced, great kick for bull to breakthrough the neck line. Still observing the PA at neck line level, if break, this analysis will go. Entry point: Neck line.