{"id":105177,"date":"2017-04-24T05:55:18","date_gmt":"2017-04-24T09:55:18","guid":{"rendered":"http:\/\/countingpips.com\/?p=105177"},"modified":"2017-04-24T05:55:18","modified_gmt":"2017-04-24T09:55:18","slug":"eurjpy-huge-marubozu-after-french-elections","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/04\/eurjpy-huge-marubozu-after-french-elections\/","title":{"rendered":"EUR\/JPY Huge Marubozu After French Elections"},"content":{"rendered":"
April 24, 2017<\/div>
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By Admiral Markets<\/b><\/p>\n

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The EUR\/JPY had formed a huge marubozu candle (purple highlight) on 4h time frame after it was announced that Emmanuel Macron won the first round of the French presidential elections. If you followed my Price Action Trading School<\/a>, than you should know that marubozu candle appears during high momentum in the market. Equities and EUR\/USD went bullish, especially CAC40 as I predicted and analysed in the blog post<\/a> before the elections.<\/p>\n

Today POC zone comes within 117.50-80 (W H3, M L3, order block, inner trend line, 78.6 fib of marubozu candle, ATR low) and if the pair retraces we should see another spike to the upside targeting 118.54 and 119.90 followed by 120.30 and 121.00 (M L4). If we don’t see a retracement to POC, than pay attention to a retest of W H4 and close above (118.54) as it could also spike the pair towards above mentioned levels.<\/p>\n

Follow @TarantulaFX<\/a> on twitter for the latest market updates<\/p>\n

W L3 – Weekly Camarilla Pivot (Weekly Interim Support)<\/p>\n

W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)<\/p>

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W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)<\/p>\n

W L4 – Weekly Camarilla Pivot (Very Strong Weekly Support)<\/p>\n

M L3 – Monthly Camarilla Pivot (Monthly Support)<\/p>\n

M H4 \u2013 Monthly H4 Camarilla (Very Strong Weekly Resistance)<\/p>\n

POC – Point Of Confluence (The zone where we expect price to react aka entry zone)<\/p>\n

Article by Admiral Markets<\/b><\/p>\n

Source: EUR\/JPY Huge Marubozu After French Elections<\/a><\/p>\n

<\/a><\/p>\n

Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Admiral Markets The EUR\/JPY had formed a huge marubozu candle (purple highlight) on 4h time frame after it was announced that Emmanuel Macron won the first round of the French presidential elections. If you followed my Price Action Trading School, than you should know that marubozu candle appears during high momentum in the market. […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-105177","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/105177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=105177"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/105177\/revisions"}],"predecessor-version":[{"id":105178,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/105177\/revisions\/105178"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=105177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=105177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=105177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}