EURJPY moving in a channel and not able to break the channel upwards.
Good to short this pair and also you can short USDJPY as well. I have shared the chart idea.
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries.
Disclaimer :- This is just my view....
Hey Guys!
As you guys know the current weekly bias on the Eur/Jpy is short. Or in other words, price is likely to reach 133.68 before reaching 114. 40 .
In this video, I explain the short position I'm currently holding and the reasons why I took the entry, as well as how I plan to trade this set up in the coming weeks.
Moreover, I review how I have been trading...
Hi TRADERS this is my trade set up for the EUR/JPY
EUR/JPY Looking for a pull back in to the order block zone and I am expecting a rejection for a sell trade
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading...
EURJPY hrly short
shortstop @ 131.162
TP #1 @ 131.054 82.61% wr
TP #2 @ 130.754 50% wr
SL @ swing high 131.904 10.87% hr
WR and HR determined from past trades on this pair.
More trades like this on my profile and on Bifrost Trades.
Hey Guys!
Due to 1h weakening of long strength. I aborted the counter bias long entry and simultaneously entered a short position at 131.50 with the stop loss at 133.68 and the main target at 114. 40.
That's it!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.
Hi again guys!
I just took a counter bias trade long at 131.16 with a stop loss at 130.87. The target, due to this being a counter bias trade, will be decided on short term price action .
If there are any signs of short strength on the lower time frames, I will abort this counter bias entry.
Ok Guys!
Have a great day!
Ken
Disclaimer: This is not Personal...
Hey Guys!
I just aborted all 3 short positions due to possible 1m extreme long strength kicking back in.
However the weekly bias remains short for the time being, and am planning to re-enter short after a pullback and long strength begins to wane.
That's it!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.
Hi TRADERS this is my trade set up for the EUR/JPY for the new week ahead
EUR/JPY I am expecting a pull back into the order block zone for a sell trade
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
please...
Hey Guys!
Like I mentioned yesterday, I took a 3rd short entry on the Eur/Jpy with the same risk parameters as the previous 2 short entries with stop losses at 133.68 and the main target at 114. 40
Again, I took this 3rd short entry due to 5M extreme short term short strength like I mentioned I will be doing in the last post.
I'll keep you guys up to...
Hey Guys!
As you guys know I currently have 2 short entries at 131.67-70 levels with both stop losses at 133.68 and the main target at 114. 40 .
Upon my 2nd entry, due to the failure of long strength retaining its pivot low, long strength began to kick back in with a recovery of price
back to the 1h minor pivot high. Then furthermore, a 1h upward trendline...
Hey Guys!
As you guys know, last Friday I took a Short Entry at 131.67 with a stop loss at 133.68 and the main target at 114. 40 .
2 hours ago, I took another short entry at 131.70 with the same risk parameters.
The reason for the 2nd entry short was due to short term short strength coming back in .
As you can see on the chart, first there was a 1m fake...
📉 I see bearish price action on EJ as price takes out weekly high liquidity and old high buy side liquidity, rejecting a bearish orderblock on h4 and 132.000 area we have bearish candlestick confirmation on H4 to go lower.
What do you think ? Comment below..
