EURJPY In the long-term picture, the outlook will stay bullish for the upcoming session.
Confluence for buying side momentum in EURJPY:
1) On the daily chart the price has reached the demand zone where buyers are more interested to buy calls at discount prices.
2) The Daily candle is indecisive towards the selling pressure, so to gain further selling pressure, the price needs to sustain below the 142.00 area
3) On 15min TF, we can see a Hammer Candle (low probability)
4) Rejection from 143.00 on 4H TF
This confluence must not be so favorable to our analysis but with my experience and price action, I personally look for buying side momentum in EURJPY. but will also wait for the confirmation.
Significant Levels -144.00, 144.60, 145.30, 146.00
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Grace
Confluence for buying side momentum in EURJPY:
1) On the daily chart the price has reached the demand zone where buyers are more interested to buy calls at discount prices.
2) The Daily candle is indecisive towards the selling pressure, so to gain further selling pressure, the price needs to sustain below the 142.00 area
3) On 15min TF, we can see a Hammer Candle (low probability)
4) Rejection from 143.00 on 4H TF
This confluence must not be so favorable to our analysis but with my experience and price action, I personally look for buying side momentum in EURJPY. but will also wait for the confirmation.
Significant Levels -144.00, 144.60, 145.30, 146.00
🟢 If you have any questions please contact us via Private Message or Comment. Get the link to join our FREE GROUP.
🟢 Stay Safe, StayTuned, Trade Safe.
Grace