EURJPY 124.633 + 1.57 % SHORT IDEA * CORRECTION & PRICE ACTION
HELLO EVERYONE
Another idea this time looking at the EURO / YEN which just spiked with the bull on this one looking at it from the third strike stratergy since well:
1. we where in a down trend.
2. multiple swing lows
3. failed to break resistance structure
will be taking this market execution or pending orders targeting correction of this move by the bears the Fibonacci level aligning well with structure is 78.6% will be looking for confirmations and definitely price.
for entries we scale down to smaller time-frames to determine entries and so forth.
many stars must align with the plan before executing the trade, kindly follow your rules.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
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ENTRY & SL - FOLLOW YOUR RULES
here's some of my rules if they help.
1. look at structure be it descending channels, pennants and so forth.
2. RSI is overbought/oversold so will be looking for a pull back to structure before continuation.
3. will be looking for entries from 30M , 1H, 2H & 4H time-frames if taking the trade long term.
4. aggressive trades can be executed on the pull back
5. price action must definitely align with the plan.'
6. structure definitely
7. the 20 EMA must be respected as support / see a bounce at this structure
8. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S .
9. CANDLE STICK PATTERNS.
so i will most like's enter this one in a bit but i hope this idea assists in any way on your trading plan.
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Another idea this time looking at the EURO / YEN which just spiked with the bull on this one looking at it from the third strike stratergy since well:
1. we where in a down trend.
2. multiple swing lows
3. failed to break resistance structure
will be taking this market execution or pending orders targeting correction of this move by the bears the Fibonacci level aligning well with structure is 78.6% will be looking for confirmations and definitely price.
for entries we scale down to smaller time-frames to determine entries and so forth.
many stars must align with the plan before executing the trade, kindly follow your rules.
LET'S SEE HOW IT GOES..
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
here's some of my rules if they help.
1. look at structure be it descending channels, pennants and so forth.
2. RSI is overbought/oversold so will be looking for a pull back to structure before continuation.
3. will be looking for entries from 30M , 1H, 2H & 4H time-frames if taking the trade long term.
4. aggressive trades can be executed on the pull back
5. price action must definitely align with the plan.'
6. structure definitely
7. the 20 EMA must be respected as support / see a bounce at this structure
8. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S .
9. CANDLE STICK PATTERNS.
so i will most like's enter this one in a bit but i hope this idea assists in any way on your trading plan.
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Trade active:
1. TARGET 1 SUCCESSFUL
ADJUST SL TO BREAK EVEN & HOLD RISK FREE
ADJUST SL TO BREAK EVEN & HOLD RISK FREE
