EURJPY | Perspective for the new week

Despite price action being caught within a channel between the 143.000 and 138.000 level since the beginning of the year; We have identified a flat channel on the 4H timeframe which we shall be using to guide our trading activities for this week.

Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.

Trade active:

Waiting for signal in the form of a breakout of the current structure identified on the chart.

G0od morning

Trade active:

Outlook on 15 minutes timeframe

Trade active:

We discussed the management of this trade at length during our live session this morning (video on my channel); Secure the buy position.

Trade closed manually:

Price action takes out the buy position at break even. Still looking forward to buying opportunities above the 141.600 level but it is important to note that we might be going through a retracement phase that could plunge to as far as between 50 and 78.6% of the previous bullish impulse leg in anticipation of another wave of bullish momentum. So, we have identified a buy zone within 141.300 and 140.900 for buying opportunities (reversal pattern).

Trade active:

Price action is now within the buy zone identified in the previous update. So, a reversal pattern within this zone will welcome buying opportunities. Set-up on lower timeframes will be shared in a moment as buying pressure is noticed at the 141.000 level.

Good morning

Comment:

Outlook on the 15 minutes timeframe

breakout/retest of the trendline and 141.200 level will be a good signal for buying opportunities

Comment:

Bullish expectations are negated as selling pressure continues. Update coming up soon

Trade active:

buy pressure resumes, the option of buying a breakout/retest of the 141.200 level remains open

Trade active:

Secure buy positions

Trade active:

Trade active:

Secure the current buy position

Happy new month!

Trade active:

Taken out of the buy position with about 10pips profit as selling pressure resumes to breakdown the trendline. Watch the replay of our live session on my channel for details

Trade active:

Buy pressure resumes

Trade active:

Secure the buy position as selling pressure resumes at the 141.600 level.

Good morning

Trade active:

Second buy position was triggered at the breakout of 141.600 level; secure all positions

Trade active:

Just as discussed during our live session today, price action triggers the sell position at the breakdown of the trendline and the 140.800; secure all sell positions; update coming up soon

Trade active:

Secure sell position

Good Morning