EUR/JPY – 2H – BUY

BUY 14× UPDATED CLOSED

2026-08-07 20:00 UTC 41 days ago

⚠ Opened against the trend in 7 of 8 timeframes. Target hit 4.5 % vs 17.9 % average · stopped out 10.0 % vs 9.2 % (Forex, 110 closed runs). Not a reason to act — a reason to watch.

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Signal evolution

Conviction, candle by candle

conviction per candle 50% — below this the other side leads

Holding up. Conviction has not dropped below the halfway mark since entry.

Signals Fired

These are the triggers as captured when the signal opened (9 Aug 2026, 20:00 UTC, updated 14× since). They are not recalculated — the chart shows current candles.

	Signals Fired	Category	Weight
▲	BOP Zero Cross Up	indicator	1.88
▼	Fibonacci Break DownTrend (0%)state only	fibonacci	1.68
▲	SMA 50 Retreat Up	indicator	1.66
▲	MIDPRICE Retreat Up	indicator	1.46
▲	Belt Hold Bullish	candlestick	1.15

Trend Context

15M

UPTrend forming

30M

DOWNSolid trend

DOWNTrend forming

DOWNVery strong trend

12H

DOWNSolid trend

DOWNTrend forming

Analysis

🎯 Key Takeaways

Bullish signals on 2H suggest a short-term bounce within a larger downtrend.
Fibonacci break and Belt Hold Bullish add confluence to the reversal attempt.
Higher timeframes (8H, 12H) remain bearish, so treat this as a counter-trend move.
Watch resistance at 187.467 and support at 179.364 for direction.

The 2H signal fires a cluster of bullish triggers — BOP Zero Cross Up, MIDPRICE Retreat Up, SMA 50 Retreat Up, Fibonacci Break DownTrend (0%), and a Belt Hold Bullish candlestick — suggesting a short-term bounce within a broader downtrend. The Fibonacci break of the down-trend line (0%) adds confluence, indicating a potential reversal from oversold conditions. However, the higher timeframes (8H, 12H) remain firmly bearish, so this is best viewed as a counter-trend pullback rather than a full reversal.

Key levels to watch: nearest resistance at 187.467 and nearest support at 179.364. A sustained move above the resistance would signal stronger bullish momentum, while a break below support would invalidate the bullish case. The mixed lower timeframe trends (15m bullish, 30m/1h bearish) suggest choppy price action, so traders should wait for confirmation before committing.

Catalysts

▲ Multiple bullish signals fired simultaneously on 2H (BOP, MIDPRICE, SMA 50, Fibonacci, candlestick).
▲ Fibonacci break of down-trend line (0%) indicates potential trend change.
▲ Belt Hold Bullish pattern suggests strong buying interest at lows.
▲ 15m trend is bullish, providing some intraday alignment.

Risk Factors

▼ Higher timeframes (8H, 12H) are strongly bearish, which could overpower the 2H bounce.
▼ Mixed lower timeframe trends (30m, 1h bearish) signal a lack of clear momentum.
▼ If price fails to hold above support at 179.364, the bullish setup is invalidated.
▼ Resistance at 187.467 may cap upside, limiting profit potential.