ForecastCity

Excellent Long-Term Hunting Opportunity in EURJPY, Don't miss it

Short
FX:EURJPY   Euro / Japanese Yen
Midterm forecast:
.There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 134. 40 would begin in Midterm.
.Price may also reach 134. 40 , if price reaches this level, we may enter by Daily-Trading-Opportunities.

Trading suggestion:
Price is in the Sell Zone (134. 40 to 136.65), we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

.Beginning of entry zone (134. 40 )
.Ending of entry zone (136.65)

Technical analysis:
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index ( RSI ) is 51.

Take Profits:
TP1= @ 133.25
TP2= @ 131.65
TP3= @ 129.65
TP4= @ 128.20
TP5= @ 126.80
TP6= @ 124.10
TP7= @ 122.30
TP8= @ 118.45
TP9= @ 114.85
TP10= @ 111.25
TP11= @ Free
Comment: TP1 HIT! ---> All SLs moved to Break-even.
Technical analysis:
.A trough is formed in daily chart at 134.15 on Tue, 01/30/2018, so more gains to more heights is expected.
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
.Relative strength index (RSI) is 39.

Close Profits:
TP1= @ 133.25

Take Profits:
TP2= @ 131.65
TP3= @ 129.65
TP4= @ 128.20
TP5= @ 126.80
TP6= @ 124.10
TP7= @ 122.30
TP8= @ 118.45
TP9= @ 114.85
TP10= @ 111.25
TP11= @ Free
Trade active: TP2 HIT!!
Technical analysis:
.A peak is formed in daily chart at 137.50 on Fri, 02/02/2018, so more losses to support(s) 131.65, 129.65, 128.20 and more depths is expected.
.Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
.Relative strength index (RSI) is 39.

Closed Profits:
TP1= @ 133.25
TP2= @ 131.65

Take Profits:
TP3= @ 129.65
TP4= @ 128.20
TP5= @ 126.80
TP6= @ 124.10
TP7= @ 122.30
TP8= @ 118.45
TP9= @ 114.85
TP10= @ 111.25
TP11= @ Free
Trade active: TP3 HIT!!!
Closed Profits:
TP1= @ 133.25
TP2= @ 131.65
TP3= @ 129.65

Take Profits:
TP4= @ 128.20
TP5= @ 126.80
TP6= @ 124.10
TP7= @ 122.30
TP8= @ 118.45
TP9= @ 114.85
TP10= @ 111.25
TP11= @ Free
Trade active: EURJPY weekly update:Total profit 2270 pips in 45 days
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Comments

I congratulate you for the work you are doing for the community. However if such trades are opened one at a time instead of opening them all prematurely as you had implied, you won't think that it would be even safer, since the swing is very large here, but compensating by increasing the lot size! The market trend NEVER offers a guarantee and no one can ever predict the real path taken by the market, not even with our best tools.
Reply
pmifsud pmifsud
@pmifsud, So for the TPI you are saying that you risked 225 pips to be awarded just 115 pips....with a sl of 136.5 and a tp of 133.25
Reply
@pmifsud, I think you did not read their strategy from their website!

10 trade at once not equal to increase your investment!

actually, you have to calculate your lot based on your Money Management then divide it to 10!

therefore each trade lot size = 0.1

Reply
Beautiful Work as always :)
Reply
ForecastCity easy_trades
@easy_trades, Thanks.
Reply
Do I have to close Each target or I have to keep the trade open until all targets reached
Reply
@mazin88, According to our Trend Hunter Strategy, we don't open one trade, but the count of targets plus one, in this pair, we had 10 targets, so we open 11 trades, and we close one by one at each target, we keep the last one open while the trend continues...
Reply
mazin88 ForecastCity
@ForecastCity, thanks very clear answer
Reply
@mazin88, You're welcome
Reply
Nice work!!!
Reply