EURJPY Date: 31/03-01/04/19
News: USD News 1:30 PM GMT
Daily: (sunday candle) Open above Smooth, 33 pips above Friday's close.
ROMAR: Resistance
EMA: Resistance
PSAR: Resistance
Checklist:
Last MACD 0 crossing: Down,
Lat EMA alert arrow: down
Last DB attachment: Bottom, 123.645. Lime Tag, and both Divergence.
Fibo: Green and up from 0.0
Notes: Romar downtrend. With 4hm turned down, and purple at the crossing of white with the open above smooth with Sundays candle, Indicating a potential cross in the near future and the beginning of an up swing Ema Resistance, 31 pips above and Romar 100 pips above.
4HR:
ROMAR: Resistance
EMA: Support
PSAR: Support
Checklist:
Last DB attachment: top 124.646, thistle tag and standard divergence at 38.2 fibo
Fibo: Green and Up from the 0.0
Notes: Romar resistance 36 pips away. 4hm turned up, psar trend up, ema trend up.Db attached to current candle at the 38.2 fibo. Ema/ smooth cross up.
2HR: Open above Romar Resistance.
Opening Price: 124.633
ROMAR: Resistance
EMA: Support
PSAR: Support
Checklist:
Last MACD 0 crossing: up, bigger bar.
Lat EMA alert arrow: up on previous candle
Last DB attachment: 124.667, Thistle tag with both Divergence attached
Fibo: green and up from the 0.0
Notes: Romar resistance, with ema and psar trend up. The opening above Romar with both divergence indicates a retrace back to support which would be the 4hm about 32pips away and not enough for the short trade in consolidation. BB’s closing in with Market at the top of the BB.
1HR:
ROMAR: Support/Resistance
EMA: Support/Resistance
PSAR: Resistance
Checklist:
Last MACD 0 crossing: up
Lat EMA alert arrow: up
Fibo: Red and down from the 0.0
Notes: Romar and 4hm are in a tight squeeze moving sideways. Opening candle, pierced the upper BB, now showing a wide opening. Ema/macd arrows up in sequence however psar hasn’t flipped yet.
Final Notes: Daily, downtrend with open above smooth. H4 and h2 ema/psar trend up.
H2 open above Romar resistance.and h1 moving sideways. We are in a consolidated uptrend,with market showing signs of the beginning of an upswing on the daily. The gap from Fridays close is around 33 pips.
Projected Entry:In consolidation trading is both ways, however The risk for a short is too high, with support being less than 40 pips.
I will wait patiently, for a retrace to support, before entering a Long provided there is 40 pips to daily ema resistance. If market continues to consolidate against h2 Romar, brining the 4hm up and opening the BB’s, I will consider taking the long trade at Romar, with the purple cross up.
If market continues to Go up, with no Retrace, I will look to enter a short trade from h4 Romar.
News: USD News 1:30 PM GMT
Daily: (sunday candle) Open above Smooth, 33 pips above Friday's close.
ROMAR: Resistance
EMA: Resistance
PSAR: Resistance
Checklist:
Last MACD 0 crossing: Down,
Lat EMA alert arrow: down
Last DB attachment: Bottom, 123.645. Lime Tag, and both Divergence.
Fibo: Green and up from 0.0
Notes: Romar downtrend. With 4hm turned down, and purple at the crossing of white with the open above smooth with Sundays candle, Indicating a potential cross in the near future and the beginning of an up swing Ema Resistance, 31 pips above and Romar 100 pips above.
4HR:
ROMAR: Resistance
EMA: Support
PSAR: Support
Checklist:
Last DB attachment: top 124.646, thistle tag and standard divergence at 38.2 fibo
Fibo: Green and Up from the 0.0
Notes: Romar resistance 36 pips away. 4hm turned up, psar trend up, ema trend up.Db attached to current candle at the 38.2 fibo. Ema/ smooth cross up.
2HR: Open above Romar Resistance.
Opening Price: 124.633
ROMAR: Resistance
EMA: Support
PSAR: Support
Checklist:
Last MACD 0 crossing: up, bigger bar.
Lat EMA alert arrow: up on previous candle
Last DB attachment: 124.667, Thistle tag with both Divergence attached
Fibo: green and up from the 0.0
Notes: Romar resistance, with ema and psar trend up. The opening above Romar with both divergence indicates a retrace back to support which would be the 4hm about 32pips away and not enough for the short trade in consolidation. BB’s closing in with Market at the top of the BB.
1HR:
ROMAR: Support/Resistance
EMA: Support/Resistance
PSAR: Resistance
Checklist:
Last MACD 0 crossing: up
Lat EMA alert arrow: up
Fibo: Red and down from the 0.0
Notes: Romar and 4hm are in a tight squeeze moving sideways. Opening candle, pierced the upper BB, now showing a wide opening. Ema/macd arrows up in sequence however psar hasn’t flipped yet.
Final Notes: Daily, downtrend with open above smooth. H4 and h2 ema/psar trend up.
H2 open above Romar resistance.and h1 moving sideways. We are in a consolidated uptrend,with market showing signs of the beginning of an upswing on the daily. The gap from Fridays close is around 33 pips.
Projected Entry:In consolidation trading is both ways, however The risk for a short is too high, with support being less than 40 pips.
I will wait patiently, for a retrace to support, before entering a Long provided there is 40 pips to daily ema resistance. If market continues to consolidate against h2 Romar, brining the 4hm up and opening the BB’s, I will consider taking the long trade at Romar, with the purple cross up.
If market continues to Go up, with no Retrace, I will look to enter a short trade from h4 Romar.