{"id":11775,"date":"2022-01-28T10:53:37","date_gmt":"2022-01-28T10:53:37","guid":{"rendered":"https:\/\/tradingshot.com\/?p=11775"},"modified":"2023-05-08T10:56:13","modified_gmt":"2023-05-08T10:56:13","slug":"eurjpy-buy-opportunity-on-higher-lows","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/01\/28\/eurjpy-buy-opportunity-on-higher-lows\/","title":{"rendered":"EURJPY Buy opportunity on Higher Lows"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>EURJPY has been trading within a long-term Channel Down since the June 01 2021 market top. Since January 05 2022 it has seen a strong downfall within this wide pattern but this week could have found Support on this internal Higher Lows trend-line (dashed) as it turned sideways. The 1D MA50 (blue trend-line) is acting as the Resistance.<\/p>\n<p>Last time we saw a similar Higher Lows structure within the long-term Channel Down, was on September 22 to October 06 2021 and that was the Low that initiated a massive rally towards the top of the Channel Down. As a result, as long as the Higher Lows trend-line holds and breaks above the 1D MA50, we should be expecting a similar rally towards the 0.786 Fibonacci retracement level as part of the Lower Highs pricing.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/EURJPY\/wTIEQ9Nv-EURJPY-Buy-opportunity-on-Higher-Lows\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/EURJPY\/wTIEQ9Nv-EURJPY-Buy-opportunity-on-Higher-Lows<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; EURJPY has been trading within a long-term Channel Down since the June 01 2021 market top. Since January 05 2022 it has seen a strong downfall within this wide pattern but this week could have found Support on this internal Higher Lows trend-line (dashed) as it turned sideways. The 1D MA50 (blue trend-line) is<\/p>\n","protected":false},"author":611,"featured_media":11776,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-11775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=11775"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11775\/revisions"}],"predecessor-version":[{"id":11778,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11775\/revisions\/11778"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/11776"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=11775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=11775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=11775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}