ilmscore | PTS (episode - 4) What is next for the EURJPY?

PTS (episode - 4) What is next for the EURJPY?

Published: 2017-08-04
Status: Available | Analyzed

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Topic
Status
The next resistance level for EUR/JPY is around 131.74. A powerful support level was identified on the 4-hour chart, and a double bottom entry was sought on the 1-hour chart.
"the next level of resistance is around the 31.7 4 area and on the 4our chart we located this powerful level of res resistance that we expected could turn into support possibly if we got that right kind of Entry reason here at that level and the 1our chart we were actually looking for some type of double bottom entry reason before getting involved in this specific trade"
EURJPY
Pending
A long bias is maintained for EUR/JPY, expecting a push towards the 131.71 zone as structure levels act as market magnets.
"I still have a long bias on this pair reason being because we have not quite touched our 131 1.71 Zone and these structure levels often times act as magnets for the market so I think we can see a push into that level"
EURJPY
Pending
If EUR/JPY closes below the support level within the next 53 minutes, a bearish rotation is anticipated.
"we have a break of a previous level of structure showing us that if this Market does close in the next 53 minutes below our support level some type of bearish rotation"
EURJPY
Pending
The next long opportunity for EUR/JPY is identified as an advanced Bat pattern.
"this is going to be the next thing that I'm looking for here on the Euro Yen my next long opportunity is coming in way of an advanced bat pattern"
EURJPY
Pending
For the advanced Bat pattern on EUR/JPY, the stop loss will be placed below X or the previous swing low.
"for my stop I'll be looking at right under X or right under the previous swing low something like that"
EURJPY
Pending
If EUR/JPY does not violate point X by Monday's open, a trade will be taken expecting a push to at least first targets or the daily resistance level at 131.7.
"if this Market pushes down and does not violate X by the time we open on Monday then this will be a trade that I'll be taking advantage of to see if I can get a pushup to at least first targets if not all the way up to our daily resistance level at 1 31.7"
EURJPY
Pending
If EUR/JPY breaks below point X today or by Monday's open, the trade will be disregarded, and shorting opportunities will be considered if the market breaks down significantly on the 4-hour chart.
"if this Market breaks below X today or by the open on Monday then I will not be considering this a trading opportunity and you might be asking what I'm going to do if that's the case and if I delete some of these tools here going back to what I was saying earlier about being prepared for any situation let's say that this is something the market does the market breaks below the X leg of our bat pattern before the open on Monday well if that's the case then we'll take a look at the 4H hour chart and if we're breaking all the way down there then I'll be considering shorting opportunities"
EURJPY
Pending
If EUR/JPY breaks below the X leg of the Bat pattern and closes below 127.75 (identified as a support level), shorting opportunities will be sought on lower time frames.
"we'll be looking for this level here to actually be support our blue line at 27.75 to be support if we get a push strong enough to break below and close below the X leg of our bat pattern and that being the case that big bearish push down will give us an opportunity to possibly wait for shorting opportunities on this pair on Lower time frames like the 4H hour and hourly"
EURJPY
Pending