🟦 EURJPY 4H Analysis Bearish Idea
📅 August 3, 2025
🔹 Top-Down Trend Bias:
• Monthly – Bullish
• Weekly – Bullish
• Daily – Bullish
• 4H – Bearish
EURJPY has pulled back through the previous support zone around 171.000 and is currently consolidating after a sharp bearish move. Short term trend remains bearish, but higher timeframes suggest this may be a corrective phase.
🔍 Key Zone: 171.00 – 171.70
This zone represents the 38.2% fib retracement and prior structure. A rejection from this area could trigger further downside, while a break above may confirm a higher low.
✅ Scenario A: Bearish Continuation (Blue Path)
1.If price taps into 171.00–171.70 and rejects
2.Look for bearish confirmation (rejection wick, bearish engulfing, BOS)
Target: 169.60 (key support)
This setup follows short term momentum and offers clean R:R into prior liquidity.
⚠️ Scenario B: Bullish Break & Hold (Orange Path)
1.If price breaks and closes above 172.250
2.Watch for continuation toward 173.750, our extended fib target
3.Structure shift + bullish PA would align with HTF bullish trend
This would confirm strength returning to the pair, ideal for HTF trend continuation traders.
🧠 Final Notes
• 171.00–171.70 is the reaction zone to watch
• HTFs remain bullish, but 4H momentum must flip to validate upside
• Let price confirm direction
📅 August 3, 2025
🔹 Top-Down Trend Bias:
• Monthly – Bullish
• Weekly – Bullish
• Daily – Bullish
• 4H – Bearish
EURJPY has pulled back through the previous support zone around 171.000 and is currently consolidating after a sharp bearish move. Short term trend remains bearish, but higher timeframes suggest this may be a corrective phase.
🔍 Key Zone: 171.00 – 171.70
This zone represents the 38.2% fib retracement and prior structure. A rejection from this area could trigger further downside, while a break above may confirm a higher low.
✅ Scenario A: Bearish Continuation (Blue Path)
1.If price taps into 171.00–171.70 and rejects
2.Look for bearish confirmation (rejection wick, bearish engulfing, BOS)
Target: 169.60 (key support)
This setup follows short term momentum and offers clean R:R into prior liquidity.
⚠️ Scenario B: Bullish Break & Hold (Orange Path)
1.If price breaks and closes above 172.250
2.Watch for continuation toward 173.750, our extended fib target
3.Structure shift + bullish PA would align with HTF bullish trend
This would confirm strength returning to the pair, ideal for HTF trend continuation traders.
🧠 Final Notes
• 171.00–171.70 is the reaction zone to watch
• HTFs remain bullish, but 4H momentum must flip to validate upside
• Let price confirm direction
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.