Trade Like A Sniper - Episode 10 - EURJPY - (31st May 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing EURJPY, starting from the 6-Month chart.
- R2F
Eur-jpy
GBPJPY near the current highest point of this year#GBPJPY EASYMARKETS:GBPJPY
Disclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURJPY - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for EURJPY.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
EURJPY SHORT!Mar 2
Welcome back! Here's an analysis of this pair!
**EURJPY - listen to video analysis.
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
EURJPY Short-Term Short KiSS StrategyWelcome back! Here's an analysis of this pair!
COMMENT BELOW and let us know your thoughts or questions!
** EURJPY Vide Analysis - listen for details.
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
EURJPY Buy Scalp Opportunity Welcome back! Here's an analysis of this pair!
COMMENT BELOW and let us know your thoughts or questions!
** BUY Signal for EURJPY using KiSS Strategy or your own strategy.
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
Brian & Kenya Horton, BK Forex Academy
Trading Ideas for 10/11/2021Hi there there are some ideas that I have.
---Disclaimer---
I am not a registered financial adviser and hold no formal qualifications to give financial advice. Everything that is provided in this video is purely for educational purposes only. All information here should be independently verified, researched and confirmed.
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
EURJPY Multi-Time Frame Price Action Analysis, and Backtesting
Hi everyone:
Let's take a detailed look into EURJPY’s current price action, what my analysis and forecast so far,
and do some backtesting on previous prices to give us a positive outlook on the potential bearish continuation price.
Starting from the Higher time frame, clear double tops, and ascending channel reversal are very noticeable. Then the price had a bearish reversal impulse phase, pushing the price down.
After we begin to see a consolidation, forming a potential expanding correction, which can give us opportunity for a continuation of the bearish move.
Following up on my EURJPY analysis I post, I took 2 entries so far:
First trade - 1% loss
Price wasn't ready to reverse and correctively move sideways/up, tagged me out for a loss.
Second Trade - Enter after a rising wedge, “M” style reversal correction.
Currenting Running about +2%
Original Full analysis/forecast:
So 2 TP to look out for are:
Now, let's do some backtesting on the EURJPY previous price action.
From the Higher Time Frame:
Similar price action in the past, can provide us a higher probability trade to enter for the downside.
The more backtesting we do, the more confidence we get at identifying the next potential impulse phase where we can capitalize.
Any questions, comments, or feedback welcome to let me know :)
Thank you
Some backtesting video I made in the past:
Backtesting & Chartwork on Forex Market
Backtesting & Chartwork on Indices Market
Backtesting & Chartwork on Crypto Market
How & Why I backtest:
Prevent Blowing an account by backtesting:
EURJPY possible scenarios 🦐EURJPY on the weekly timeframe is testing perfectly a confluence zone.
The price is testing the ascending trendline and we will look for a break of the structure to set a nice order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURJPY facing bullish pressure, potential for further upside!EURJPY is currently facing bullish pressure from 1st support level which coincides with 61.8% fibonacci retracement. Prices might push up towards 1st resistance which coincides with 61.8% fibonacci extension and 127.2% fibonacci retracement. If prices fall through 1st support level, prices might pullback to 2nd support which coincides with 61.8% fibonacci extension and 50% fibonacci extension. EMA is also below prices, signalling a bullish pressure on prices.
EURJPY facing bullish pressure, potential for more upsidePrices are currently taking support on the 1st support which coincides with 50% Fibonacci extension as well as 61.8% Fibonacci retracement. Prices might bounce higher towards 1st resistance which coincides with swing high resistance and 61.8% Fibonacci extension level. If prices fall through first support, it is likely to reach the graphical swing low support which coincides with 78.6% Fibonacci extension. EMA also suggests that there is a bullish pressure on prices.
EURJPY is approaching resistance, potential reversal Price is approaching our resistance in line with our horizontal pullback resistance where we could see a reversal below this level to our first support target. Ichimoku cloud is showing signs of bearish pressure as well in line with our bearish bias.
EURJPY doulbe top pattern formed, more downside ! EURJPY doulbe top pattern formed, more downside !Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
EURJPY breakout of the neckline , more upside !EURJPY breakout of the neckline , more upside !Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
EURJPY Price is retesting our Make or break zone! This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
EURJPY facing bullish pressure from our buy entry! EURJPY facing bullish pressure from our buy entry! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
EURJPY is on a rise, more upside ! EURJPY is on a rise, more upside ! Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.