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.
thats great time for getting short position for #EURJPY Pay attention you have to get to this position in 1h time frame
EUR/JPY is hovering nearly to its trendline resistance level. Fundamentally EUR is under pressure except for rate-hiking optimism in 2023. JPY is a haven asset, so if Russia-Ukraine tension rises, JPY will benefit. So, EUR/JPY has chances to drop again. EUR/JPY Sell Zone: 131.50 to 132.50 Stop Loss: 133.50 Target Zone 130.70 Target Zone 2: 129.50
Our past analysis was a success. This the continuation of the analysis. Short is more preferable if you are trading weekly. Due to huge movement last week, we may experienace the 'lame' sideway movement this week. There are lot of confirmations. But , the Invalidation Level is there.
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 3x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a EUR/CHF Sell, EUR/JPY Sell & EUR/USD Sell. Watch the overall risk due to the high...
In this setup we have two zones , one for sell and one for buy. It has a break of structure in higher timeframe and also one in a smaller timeframe which creates an opportunity for sell first then we wait till the price reaches the target and then we buy at our marked zone.
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...
We are waiting for Entry Area at Wave (iv). This is a risky setup. I would prefer Entry Level at 133.100. It is more ideal setup for Weekly. Good Luck
Sell: EUR/ JPY Sell limit: 132.790 SL @ 133.500 TP @ 132.100 Max Risk: 2% (When calculating, do not forget about different spreads from Brokers) Leave comments or likes to keep our content free and alive. Have a good week to everyone It is not an investment recommendation
Don't forget to Click on the follow button for more Daily Detailed Analysis. Please do ask any questions in the comments section should you have them! Here we have our EURJPY Chart on the Daily.. The recent rally in the EUR on this pair has seen it rise to previous highs in a downtrend channel. This area forms our short bias as we reach strong resistance price...
Hello traders. I expect the price to move downwards after reaching the ceiling of the descending channel and 100% projection. Are you agree?
- Elliott wave shows price should rise to maybe the 2nd POI before retracing downwards - RSI is quite high but has space to rise slightly before price drops - there are 2 POIs in case price doesn't reject the 1st POI and decides to grab the liquidity near the 2nd POI this is more of a longer term swing trade as the price changes from POI to the last TP is quite drastic
EURJPY after giving a breakout from falling trendline as bounce massively and then retest the trendline which confirms the continuation of bullish trend. Current price action suggest it is consolidating in a rectangular box to make another big move. Trade your levels accordingly.
Hey traders, in today's trading session we are monitoring EURJPY for a selling opportunity around 132 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
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..