khansalarehsan
Long

A great opportunity to go Long EURJPY (R-R 1:1)

FX_IDC:EURJPY   Euro / Japanese Yen
Dear Friends,
I think this is going to be a good trade.
Here are the reasons that why I like this trade..



1) EURO Weighted average daily- Euro is bearish but look at this Long term blue wedge . I think it should visit the upper band of the wedge and then continuation.



2) EXY broke the topside of the wedge formation too


3) EURO Futures is self-explanatory



4) Fresh low on DXY , Daily RSI . (see red dotted line)

RSI trend diverges the price trend




5) YEN Weighed average visited the resistance and see how many times it tried to break the topside and could not. See the bearish engulfing candle.



6) Enough room for Yen futures to visit the rising trend line and trap shorts


7) Beautiful false breakout of the Japanese Bonds


8) Finally I like this 4 hours candle as it spiked the falling trend line and EMA 14


Thanks for your time friends,
With kind regards,

KHAN


Comment: YEN Weighted average


Comment:
Comment: EXY

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Comment:
Comment:
Trade closed: target reached: Thanks for following me.
KHAN
Comment: We are out of this trade but YEN got to where we wanted it to be.

Comments

You monster, thanks!
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Just wait for retracement and yes
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So you closed the trade Khan?, I'm still in, still see more potential for longer term, yen is falling a lot
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khansalarehsan EilderJorgeGarcia
@EilderJorgeGarcia, I am in the trade. Waiting for the target. Lovely days mate. Love Yen too
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My view EURJPY
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@khansalarehsan, I have a short question regarding the (A great opportunity to go Long EURJPY (R-R 1:1) 1D)

At what price did you place the Fib (was it at 137.521 ???)
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@MAS-Trading, yes :)
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Thank you @khansalarehsan for your insights and idea's to trading, I just hope i can trade like you one day that would be cool. I will read and study your examples by following you, and try to learn as much as I can, please keep up the good work. from a poor trader (hehehehe, like me) to an awesome trader like you.
Reply
@MAS-Trading, Many thanks for your kind words mate. Thank you very much. I will :)
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MAS-Trading khansalarehsan
@khansalarehsan, Hey! That kind word "mate" is a famous Australian way to chat with people, are you an Australian???
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