Price Altitude: Middle/Low
Daily Trend: Downtrend
4H Trend: Downtrend
Analysis: EURJPY has aggressively dropped without major pullbacks toward the daily demand. Currently it is sitting at 25% resistance line and has touched the overlying nearest supply @ 127.01
Prediction: I will be waiting for a pullback toward either 127.01 4h supply zone or 127.77 4h supply zone.
However, if price continues its downward move without stopping, then a long at 125.368 would be favourable as long as the approach stays aggressive.
Price Points of Interest:
4h Supply @ 127.01
4h Supply @ 127.77
4H Demand stacked inside daily demand @ 125.368
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure.
Daily Trend: Downtrend
4H Trend: Downtrend
Analysis: EURJPY has aggressively dropped without major pullbacks toward the daily demand. Currently it is sitting at 25% resistance line and has touched the overlying nearest supply @ 127.01
Prediction: I will be waiting for a pullback toward either 127.01 4h supply zone or 127.77 4h supply zone.
However, if price continues its downward move without stopping, then a long at 125.368 would be favourable as long as the approach stays aggressive.
Price Points of Interest:
4h Supply @ 127.01
4h Supply @ 127.77
4H Demand stacked inside daily demand @ 125.368
This analysis is meant to be educational, inspirational and confirming of your own analysis. Trade carefully, trade wisely by managing your risk exposure.
Anmerkung
Upon Sunday open, EURJPY continued its descent toward the daily Demand. Price turned at around 125.368 as predicted. Any long trades taken from here, are counter trend. Expect some whipsawing before a move higher toward 127 and 128 price points.Trade geschlossen: Ziel wurde erreicht
Pullback occurred, targets reached.
Haftungsausschluss
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.