Jpy pairs have been tricky to trade as of the last week!! We had sell signals on early time frames and still lost the trade because the corrections were not finished on some jpy pairs... like chf/jpy and gbp/jpy This pair made a 786 retracement , then rejected that area This pair needs a swing low I would put my stop loss above the daily candle and not...
See Picture for analysis. Very weak JPY but will this be the turning point? Thouhts?
taking a trade for EURJPY with good RR zone to zone trade simple
Bullish continuation pattern detected(Triangle)... Wave E currently on the move... Lets hope to bank good pips from this setup
Buy above 132.01. Stop loss at 130.45. Take profit at 134.15. Reason for the trading strategy (technically): Price continues to bounce up nicely from our buying area. We remain bullish looking to buy above major support at 132.01 (Fibonacci retracement, horizontal overlap support, Fibonacci extension, bullish divergence) for a push up to 134.15 resistance...
very good risk/reward ratio Entry: 124.15 SL: 125.85 TP1:121.58 TP2: 119.00 TP3: open BreakEven @TP1
Divergence on Monthly Chart + S/R level ----> Possible reversal? Trend line is broken further validates the reversal happening. ****************No need to rush******************* Wait for any possible consolidation to be over. Consolidation is finished when it breaks the R1 (blue zone) Aggressive : Enter Conservative: Wait for retracement
1h chart, buy at breakou & confirm at monthly resis, it have to close positive above the resis for confirm sell breatrough if it bounces of the resis, sell under last low