Market seems to be setting up for JPY strength and potential validation of higher timeframe trend change. Lets see if it plays out
The pair has a head and shoulders formation with price confirming the breakout of the neckline and previous structure support on min15 has turned into a resistance thus we will be looking for shorts around 147.45 to 147.49. Stops above: 147.74 Targets at 147.30 & 147.08
Mid term outlook on GJ and EJ bullish and now we have a potential setup to join the trend. Classic break and retest. Lets see what happens
A flag or triangle pattern formed in EJ wait for the breakout and take the trade. !! Trade safe !!
Breakout playbook used in this retest sell to try to catch bearish momentum for at least 1:2 RR
Second and last trade activated in this London session was a reversal setup and entry with all playbook criteria met. Lets see how it goes its moving fast
EJ has reached a strong zone where price reacts on the Daily and Weekly. Looking for a small risk trade with risk of 1:2.
JPY pairs seem content to continue to push upward and we can set a buy stop in case this hypothesis is correct, to join the next short term move up for at least twice our risk
Hello Traders! BoJ (Bank of Japan) has not raised rates since 2016. The current rate is negative. ECB (European Central Bank) has recently raised rates over the years. The current rate is positive. It is reflected in the price action. Central bank traders want the best ROI (rate of return).
A flag pattern formed in EJ wait for the breakout and take the trade... !! Trade Safe !!
OANDA:EURJPY Initial DXY dollar reaction to Fed Chair, bullish move. So looking for plays and took the EUR/JPY Easy 10pip short hard TP When all triggers align, don't second guess, jump in, do or die. They key is TRADE MANAGEMENT. Trade well
Hi Traders, A possibility for Price to rally upwards making a 3rd touch on the bullish channel and respecting the Fib. Entry Price: 143.9 Target Price: 145 Hit the Boost and Follow me if u agree. Trade Safe! Thank you.
OANDA:EURJPY Friday! Normal it means slow chop (after London session, into NY) after a weeks of news, but today, we have PMI coming up and wanted to steal TP at 10 hard pips. Another reason why 10 pips TP, because I wanted to get out before PMI news release, price action forming a triple bottom, and 10 pips right around the 3rd bottom. So thats my reason, and...
Bias: Open Market Cycle: n/a I'm going to hold on to the short bias from yesterday for now, but HTF is still bullish,, Accumulation is evident just above the weekly level, this could also get rejected and we move bullish from here, so I want a strong break out and retest before shorting..
EurJpy Bias: Long Market Cycle: 2 Potential longs from the green marked area, Will follow the GFX strategy blueprint, look for an SR & CC from 144.86
With the reversal of several majors against the dollar, lets see if EJ harmonic setup has enough gas to get us to 2R
Taking a quick market execution long on EJ following a break of our RSI moving average with confidence that EUR is showing strength and JPY weakness across the board. Used our playbook setup "BOBBI" (Break Out Break Back In) with momentum as our entry criteria. Asia and London have treated us well, lets see what NY has in store
Requirements met for a break and retest setup using buyer depletion