EURJPY 3.13.21 |Backtest + Markup
Based on market structure, we can see that buyers are in control. Over the last week, price has been in a bullish market, after being in a consolidating period. Price has continued to respect my trendline and the 50 ema, showing strong continuation to the upside. A strong confluence is my 4hr red zone being broken and retested, along with the impulse up.
Next Week's Outlook: Using the market structure, Price has broken the zone and retested as support - along with it heavily respecting the trendline, and the 50 ema, // Signaling possible buy
Confluences: Market Structure, Trendlines , Zones/Key Levels, and Candlestick Pattern/Price Action
DISCLAIMER: My analysis is for me to track my own growth, process, and journey as a Fx Trader. I am not sharing to have anyone take this trade - as you should be marking up your charts and trusting your own analysis. Please note, that this is solely for educational purposes. If you agree with my analysis - PLEASE LIKE/COMMENT your input!
Next Week's Outlook: Using the market structure, Price has broken the zone and retested as support - along with it heavily respecting the trendline, and the 50 ema, // Signaling possible buy
Confluences: Market Structure, Trendlines , Zones/Key Levels, and Candlestick Pattern/Price Action
DISCLAIMER: My analysis is for me to track my own growth, process, and journey as a Fx Trader. I am not sharing to have anyone take this trade - as you should be marking up your charts and trusting your own analysis. Please note, that this is solely for educational purposes. If you agree with my analysis - PLEASE LIKE/COMMENT your input!
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