Euro / Yen giapponeseAggiornato EUR/JPY Long/Short 4 Week Scenarios and Chart Feedback
Hello,
This is 4 week period plan that I personally will follow, based on my strategy and trading style.
P.S i never follow a single bias (bullish or bearish), my trading style is flexible and adaptable to momentum changes.
Chart Feedback (Daily Time Frame)
There are a few key takeaways from the daily chart.
- Price action in a box since August '24 with no clear trend direction.
- Head and Shoulder fully formed, as mentioned on my previous EJ report at the begging of January.
- The price has reached a strong support first tested in December 2023 and then re-tested and always rejected in August '24, September '24, December '24 and now, making it very hot spot for the pair.
- Main trend line(Up-slopping) was crossed
- Internal turmoil in the Euro Zone could indicate weaker EURO for some more time.
Key Levels (4 Hour Time Frame)
LWL(last week low) and Bottom of Support - 155.000/155.850
First support - Which acts as last LH, Current Trend line cross and Main Trend line re-test 158.150/158.650
LWH(last week high) - 160.722
Sub Trend line - 161.419
Trend Scenarios(4h and Daily)
Long Scenarios:
For long scenarios confirmations I will be looking for a rejection from the current level, followed by re-entry in the main trend channel, cross of the sub-trend line and re-test of that area or similar movements. For any long entry I would like to see bullish price action and chart patterns being formed. With targets in rallies up to the head of the head and shoulder pattern.
Short Scenarios:
For short scenarios instead, the confirmation I need is a CTR(Cross,Test,Reject) performed at the current support level, then turning into resistance level. There are two targets I'm aiming at 151.500 and 148.650.
Trade Ideas(1 hour time frame)
For any kind of entry long and short I always use the 1 hour time frame. For confirmations I use EMA100 cross or reject, Swing/Turning points cross/reject + chart and candle patterns usually u-turns, stars, engulfing and pin bars are my favourite signs.
I will try to update my trades as soon as they happen.
Thank you for reading,
Have a profitable week,
Any feedback is welcome!
This is 4 week period plan that I personally will follow, based on my strategy and trading style.
P.S i never follow a single bias (bullish or bearish), my trading style is flexible and adaptable to momentum changes.
Chart Feedback (Daily Time Frame)
There are a few key takeaways from the daily chart.
- Price action in a box since August '24 with no clear trend direction.
- Head and Shoulder fully formed, as mentioned on my previous EJ report at the begging of January.
- The price has reached a strong support first tested in December 2023 and then re-tested and always rejected in August '24, September '24, December '24 and now, making it very hot spot for the pair.
- Main trend line(Up-slopping) was crossed
- Internal turmoil in the Euro Zone could indicate weaker EURO for some more time.
Key Levels (4 Hour Time Frame)
LWL(last week low) and Bottom of Support - 155.000/155.850
First support - Which acts as last LH, Current Trend line cross and Main Trend line re-test 158.150/158.650
LWH(last week high) - 160.722
Sub Trend line - 161.419
Trend Scenarios(4h and Daily)
Long Scenarios:
For long scenarios confirmations I will be looking for a rejection from the current level, followed by re-entry in the main trend channel, cross of the sub-trend line and re-test of that area or similar movements. For any long entry I would like to see bullish price action and chart patterns being formed. With targets in rallies up to the head of the head and shoulder pattern.
Short Scenarios:
For short scenarios instead, the confirmation I need is a CTR(Cross,Test,Reject) performed at the current support level, then turning into resistance level. There are two targets I'm aiming at 151.500 and 148.650.
Trade Ideas(1 hour time frame)
For any kind of entry long and short I always use the 1 hour time frame. For confirmations I use EMA100 cross or reject, Swing/Turning points cross/reject + chart and candle patterns usually u-turns, stars, engulfing and pin bars are my favourite signs.
I will try to update my trades as soon as they happen.
Thank you for reading,
Have a profitable week,
Any feedback is welcome!
Nota
Good week for the euro, because of positive war talk.
The price is back in the main channel.
I will look for a long position at HL formation on the daily chart, then add more to it if crosses the previous high at 161.2.
On the short side, I will be looking for rejections at 161.2 or LH formations, additional short entries at 155.75* CTR.
Trade attivo
Nota
Half positions closed at 85% from the target 156.660 for a total of 435 pips.
I will be looking to close both positions entirely today.
Trade chiuso manualmente
All positions closed.
Amazing run.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.