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Long

EURJPY H4: XABCD BULLS +100/+150 pips (SL/TP)(NEW)

FX:EURJPY   Euro / Japanese Yen
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EURJPY H4: XABCD BULLS +100/+150 pips (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because I expect short-term
gains before reversal from point C (BEARS)


🔸 Summary and potential trade setup
::: EURJPY H4 chart review and outlook
::: speculative XABCD setup / SHORT from C
::: recommended strategy: BUY LOW 123.60-70
::: SL 40 pips TP1 +100 pips TP2 +160 pips
::: higher risk setup: SHORT point C / 125.60
::: SL 40 pips TP 123.70
::: for best results wait for setup to get
::: validated (point C and point D)
::: SWING TRADE setup / do not expect fast/easy
::: overnight gains in here
::: BUY/HOLD IT and get paid later
::: please mind the swap rates at your broker
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS
::: Sentiment mid-term: PULLBACK/PRZ D
::: 50 000 lots SHORT / 15 000 lots LONG
::: OUTLOOK: BULLISH / BUY DIPS
Order cancelled: SETUP FAILED.
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Comments

SETUP FAILED.
Reply
SIR SL ??
Reply
Nice analysis.
Reply
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