Mission briefing

• The price when the report was produced – EUR/JPY 140.49

• “Our preference: Bearish” on the trend and pivot point. Alpha1’s favored outcome is illustrated by the directional arrow on the chart image.

• Pivot (Purple horizontal line): is the key level within every Technical Analysis Report. It is a key technical level (support or resistance), where Alpha1 would turn bullish from bearish, or bearish from bullish.

• A comment that briefly describes the arguments underlying the strategy and how Alpha1 formed its opinion.

• A comment that briefly describes the arguments underlying the strategy and how Alpha1 formed its opinion.
  • Daily chart: Look for price reject SMA 200, bearish confirmation candles, and closing below the most recent support level.
  • The pair has been trending downward on the daily chart.
  • Price is making lower highs and lower lows.
  • Price recently rejected EMA21 in a downward path.
• The ST and MT trend summarizes Alpha1’s opinion and is Short Term (ST) over one week or Medium Term (MT) over a one-month horizon.
  • Short Term – A1’s opinion within two weeks- Bearish
  • Medium Term – A1’s opinion within one month – Bearish

Trading rules & checklist

☐Clear directional scenario with price targets

• Entry: Look for an entry on 1-hour chart, price rejects EMA21, Bearish candlestick confirmation.

• Exit:

☐Stop loss level and alternative scenario

• Stop Loss Level:

• —–

• Alternative Scenario:

• Price could gain support at daily SMA 200 and reverse trend higher. If this happens, we will look to get out of a losing trade quickly. If the price breaches current resistance and/or EMA 21 and closes to the upside, we need to exit a short position.

☐Clear risk management plan

• Limit for a single position – 2%    

                       Chart Analysis:

DAILY CHART

• Graphical indicators and technical commentary
• Short-term and mid-term trend overview
• Details on the significance of key supports & resistance levels
• A chartist approach to assessing directional moves and price targets
• Japanese candlesticks to confirm trend reversal or acceleration

        4-hour chart

• Graphical indicators and technical commentary
• Short-term and mid-term trend overview
• Details on the significance of key supports & resistance levels
• A chartist approach to assessing directional moves and price targets
• Japanese candlesticks to confirm trend reversal or acceleration

1 Hour chart

• Graphical indicators and technical commentary
• Short-term and mid-term trend overview
• Details on the significance of key supports & resistance levels
• A chartist approach to assessing directional moves and price targets
• Japanese candlesticks to confirm trend reversal or acceleration

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