Eurjpy broke the previous lower high and is making the higher high on the 15min. I am going to wait for price to either hold above the level its at now or pullback for an entry on the retest and would make the higher low. Going to target 40-60 pips depending on where my entry is at. Look for a 10-15 pip SL. Price also double bottomed on the 1H.
If price doesnt make a higher high on the 15 min I will sell EJ and assume this is a possible lower high on the 1H.
I will post as soon as I enter for a sell if I do.
Going to watch and wait for price to either retest this area for a break and retest sell opportunity, or look to sell Ej on a lower high formation in that area. Only looking for sells and will look to get a 10-20 pip Sl and target 30-50 pips. Preferably 1-3 RR atleast.
Price is bullish and seems to have made a higher low on the 4H. Price on the 15 min retraced back to retest the LH that was broken on the 15 min and made a double bottom for a good reversal entry to go along with the 4H trend.
The market appears to be in an uptrend on the H4 chart, hopefully, we can get a positive market sentiment which will drive risk on currencies higher
Entry 125.690
Stop Loss - 125.440 (25 Pips)
Take Profit 128.730 (304 Pips)
Used a small lot to sell EJ, looking like it will drop, if I can get price to violate structure and make a lower high on the 15 min I will look to place a bigger position for another sell.
Price has broke the uptrend structure on the 15 min. Price broke the LL and is currently retesting it with strong rejection. This also goes along with the 4H candle breaking the HL structure making the 4H bearish as well. Tight stop above the last Lower high.
We still looking for the retracement to touch the trend line then bounce off strongly and upwards.
This trade may happen today, so keep a lookout for it.
morning everyone!
For this pair eurjpy, it has broken the trend line.
Im expecting a deeper retracement before we have more upside.
Thank you
Cheers and stay safe!
Hi all traders,
Morning.
Im waiting for the price to move towards either of the grey box before me to buy and sell this pair.
So be patient on this trade. Cheers everyone!
EUR/JPY is in a tough spot right now on the daily, we dont see a clear indication for either long or short.
It tapped the Weekly liquidity, but that might have not been enough (Daily also still in a bullish trend)
EUR/JPY shows signs of weakness though, so we might see a Daily Trend reversal for this week, hence the trade for Traders with bigger risk appetite: Short.
