EURJPY LONG POSITION (2HR)CONFLUENCES:
- Breakout from previous area of consolidation
- Rejection from 51 EMA in 4Hr
- Rejection from 61.8% Fib
- Entered the trade prematurely but see a potential Head & Shoulders Pattern forming
EJ
Looking for buys in EJ @126.668So I am mainly looking for buys looking for a quick scalp of 15-30 pips!
Making sure I perfectly enter with my buy stop.
EURJPY - SELL OPPORTUNITYSELL EXECUTION of EURJPY in SELL AREA 1 / SELL AREA 2, Looking to close position in TARGET AREAS (+30 PIPS)
- TARGET AREA 1 - 30 PIPS
- TARGET AREA 2 - 50 PIPS
- TARGET AREA 3 (LONGTERM) - 140 PIPS (Price Area 125)
Trade at your risk!!!
EURJPY SHORT POSITION (4HR)Countertrend short on EURJPY back to prior resistance.
Confluences:
- Breakout and retest of minor support
- 2 4HR shooting star candles
- MA crossover in the 1HR timeframe
EURJPY - PREDICTIONDoesn't get much easier.
Double top. Look at the daily chart, huge bearish rejection of this level. 4hr showing these twin tops, multiple confirmations.
Again, usual scenario of break the neckline and follow the usual corrective move to the 61.8% where we should bounce off again for the third touch. Careful if you take the sells, it's counter trend.
EURJPY - PREDICTIONSet up from last week still valid and great example on how to add positions to a good trade.
Every green area is where you could add positions through technical confirmations.
Predicted last week, evidence attached.
EURJPY SELLPrice is currently testing the high with the opening of the asian session. There has been a hanging man candlestick formed. I will be going short here. Very SIMPLE.
EURJPY IDEA - EYES ON HOW MARKETS OPENthis looks good to me, three confluences.
fell from triple top
broke out of bull trend line
broke out of corrective move
EURJPY BUYThe trendline has been broken and so I’m looking for buy entry to the upper trendline
Let’s Go💸💸💻
EURJPY Short Opportunity for +/- 80 pipsEURJPY Short Opportunity
Confluences:
1) Price has been rejected many times from the top half of a 3-month range
2) In the Weekly timeframe and 1H; 9 EMA is crossing the 21 SMA to the downside
3) Big bearish engulfing candle closed last week
4) In the Daily chart; price broke the 100SMA last friday
5) Price broke the bottom support of the said range
and has already confirmed it for 2 times as now a strong resistance
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I wish BIG profits to you ALL!!!
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I am grateful to have been taught by God and myself on trading.
My money grows every day in increasing quantities on a continuous basis.
Buying EJ Im looking to buy EJ until that support and resistance zone which is more than likely going to reject off and then sell!
EJ LONG TO 125EJ LONG TO 125.000
Hey traders, here is the analysis for EJ
NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
For The culture !
eurjpy break and retest short move.eurjpy broke structure and fell down. waiting on retracement and retest of the bearish engulfing due to a quick imbalance of price that was created.
potential 5.88 RR
EURJPY - Fib levels I don't use the typical multi TF levels.
I choose a bunch of TF that I am more comfortable with. (Thus the 2h chart)
I have market everything on the chart for you. I prefer to keep the chart as clean as possible.
And Personally, I am not a big fan of candlesticks. Whether on the chart or off the chart.
Focus more on your risk management and psychology, cause the technical part is the easiest part. It is the Risk and the psychology that absolutely murder the retail traders. Not the technical.
Happy trading and stay safe. :)
eurjpy eurjpy has broken HL and retested the HL which became a LL.
Either eurjpy can support retest and I can look for a break and retest on a lower tf to go long or I can wait till structure breaks and retests on 4hr/1hr.
EURJPY WEEKLY OUTLOOKEJ is currently in its 5th impulse wave thus providing us with an ascending channel.
Best buys would be off the third touch of the channel trendline but if not, then a 4hr close above the 23.% fib area provides good bullish bias working through the extensions.
Again, we need to see a break of structure to go bearish!
