TomHall
Long

EUR.JPY - Multiple Bullish Opportunities

FX:EURJPY   Euro Fx/Japanese Yen
On the EUR.JPY 1hr chart we have 3 potential trade opportunity's at the D leg completion of x2 Bullish Bat setups & x1 Bullish Cypher Setup.

Bullish Cypher Setup ( Blue ) - D leg completion 114.535
Target 1 - 115.664
Target 2 - 116.363

Bullish Bat Setup ( Grey ) - D leg completion 115.538
Target 1 - 116.280
Target 2 - 116.744

Bullish Bat Setup ( White ) - D leg completion 116.376
Target 1 - 116.806
Target 2 - 117.076

Bullish Bat Setup's: Stop loss would be placed below X leg structure support .
Bullish Cypher Setup: Stop loss would be placed below X leg structure support .
Comment: Bullish Bat setup at 116.376 now invalid due to a break above the A leg.
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Hey mate! I've got a professional question. Sorry to bother you, but i'll be gratefull to you, if you can answer. There's a screener service of Forex Finviz. In this Finviz i see a performance on daily or weekly etc. For example, right now the AUD has a worst trend and CAD the opposite. Does it means that i have to sell AUDCAD authomatically? Or the JPY and CAD on weekly. Does it means i have to buy CADJPY? I don't know. Maybe it is bullshit, because the trends are changing quickly?
+2 Reply
TomHall TOP MarkSterensohn
@MarkSterensohn, Hi Mark, that's a very good question.

There are multiple ways to approach this topic as it all depends on your trading experience, strategy, trading timeframe ect.

Every morning you can run a tick sheet giving a (X) to currencies that from your analysis are weak and (o) to those currencies that are strong.
e.g from your technical / fundamental analysis the JPY is weak, and on the other side of your analysis the GBP is strong, so you would look to take a position on the GBP.JPY long.

Of course the information above will only be beneficial depending on your strategy and other key factors.

I hope that helps a little and answers your question.
+3 Reply
Thanks tom
+1 Reply
TomHall TOP albertos
@albertos, My pleasure, i hope you have a great week.
Reply
nice
+1 Reply
TomHall TOP DeathYen
@DeathYen, Thanks very much.
Reply
tom can you tell me little bit about this , you said it bullish ,now the market higher than target so we waiting for pullback and buy position??? thanks mate I'm newbe
+1 Reply
TomHall TOP HengkiTjen
@HengkiTjen, Hi, That is correct.
We can only look to take positions once price pulls back to a D leg completion.
If the market continues in the opposite direction we simply close any pending orders.

If you have anymore questions don't hesitate to contact me.
Reply
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