EUR JPY - Bullish updates
ที่อัปเดต:
Hello traders and analysts,
Key:
Blue = Monthly
Purple = weekly
Orange = Daily
Grey = 4hour
Pink = 1 hour
Here is our original idea for Euro Japanese Yen back in December 2020. [We are still holding]
Here is the weekly time frame of where the price imbalances are taking us:
At the current daily chart;
We are currently experiencing a great bullish momentum for the Euro, where the Euro is seeing strength against the US Dollar and Yen a like due to the imbalances identified on the weekly time frame - which is shown by our weekly [purple zones].
The weekly ray is included to provide us a strong trendline, as time has moved on - the lows created are higher lows, whereby daily closes are showing us a bullish move. Be wary of this pair as the Yen is a safe haven so expect pullbacks and sell offs to occur on a 4hour and daily timeframe. However, with this bullish movement the creation of a divergence is created between the trendline as oppose to the weekly blue trend.
A bullish scenario:
Pay attention to the consolidation block on the left [in the blue ellipse at 129.00, there is an inefficiency here where price can easily be broken to create a path for the upper imbalance and use this consolidation as a demand zone.
A Bearish scenario:
The Fibonacci can complete the pattern to 129 completing the -0.27 target on a daily level and from here using the consolidation as a selling fractal, the fresh zone at the orange zone can be the profit point for a sell off scenario. Keep in mind the imbalance pr
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise and clears your mind.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Regardless we will continue producing analysis.
Thanks,
Team LVPA MMXXI
Key:
Blue = Monthly
Purple = weekly
Orange = Daily
Grey = 4hour
Pink = 1 hour
Here is our original idea for Euro Japanese Yen back in December 2020. [We are still holding]
Here is the weekly time frame of where the price imbalances are taking us:
At the current daily chart;
We are currently experiencing a great bullish momentum for the Euro, where the Euro is seeing strength against the US Dollar and Yen a like due to the imbalances identified on the weekly time frame - which is shown by our weekly [purple zones].
The weekly ray is included to provide us a strong trendline, as time has moved on - the lows created are higher lows, whereby daily closes are showing us a bullish move. Be wary of this pair as the Yen is a safe haven so expect pullbacks and sell offs to occur on a 4hour and daily timeframe. However, with this bullish movement the creation of a divergence is created between the trendline as oppose to the weekly blue trend.
A bullish scenario:
Pay attention to the consolidation block on the left [in the blue ellipse at 129.00, there is an inefficiency here where price can easily be broken to create a path for the upper imbalance and use this consolidation as a demand zone.
A Bearish scenario:
The Fibonacci can complete the pattern to 129 completing the -0.27 target on a daily level and from here using the consolidation as a selling fractal, the fresh zone at the orange zone can be the profit point for a sell off scenario. Keep in mind the imbalance pr
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise and clears your mind.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Regardless we will continue producing analysis.
Thanks,
Team LVPA MMXXI
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