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Eurjpy!

NZD/JPY, EUR/JPY, GBP/JPY and AUD/NZD on watch for me today.NZD/JPY: • I will not be trading this pair until the legal action surrounding the 2020 US Presidential Election has reached its conclusion, but if once it has price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the fifteen minute or the one hour chart. • If price pushes up impulsively to and ideally just above our upper outer structure trend line, then I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking to get short with a reduced risk entry on the break of the flag. • If price impulses down from where it is I'll be waiting for a subsequent tight flag to form and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades. EUR/JPY: • I will not be trading this pair until the legal action surrounding the 2020 US Presidential Election has reached its conclusion, but if once it has price pushes up to and ideally just above either our upper trend line or our upper rayline, then regardless of how it does so I'll be waiting for a convincing impulse down followed by a tight one hour flag and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade. GBP/JPY: • I will not be trading this pair until the legal action surrounding the 2020 US Presidential Election has reached its conclusion, but if once it has price pushes up to and ideally just above our upper trend line and the last part of the move is corrective, then I'll be looking to get short with a risk entry after a phase line break on either the fifteen minute or the one hour chart. • If price pushes up impulsively to and ideally just above our upper outer structure trend line, then I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking to get short with a reduced risk entry on the break of the flag. • If price impulses down from where it is I'll be waiting for a subsequent tight flag to form and then I'll be looking to get short with a reduced risk entry on the break of the flag. • If none of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place any of these trades. AUD/NZD: • I will not be trading this pair until the legal action surrounding the 2020 US Presidential Election has reached its conclusion, but if once it has price pushes down to and ideally just below our lower trend line, then regardless of how it does so I'll be waiting for a convincing push back up followed by a tight flag where I'll be looking to get short with a reduced risk entry on the break of the flag. • If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place this trade.
by StewySongs
GBP/CAD, NZD/USD, EUR/JPY and GBP/JPY on watch for me today.GBP/CAD: • I will not be trading this pair until the legal action surrounding the 2020 US Presidential Election has reached its conclusion, but if once it has price pushes up to and ideally just above our upper trend line, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking to get short with a reduced risk entry on the break of the flag. • If price pushes up to and ideally just above our upper rayline, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. NZD/USD: • I will not be trading this pair until the legal action surrounding the 2020 US Presidential Election has reached its conclusion, but if once it has price pushes up to and ideally just above our upper trend line, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking to get short with a reduced risk entry on the break of the flag. • If price pushes up to and ideally just above our upper rayline, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking to get short with a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. EUR/JPY: • I will not be trading this pair until the legal action surrounding the 2020 US Presidential Election has reached its conclusion, but if once it has price pushes up to and ideally just above either our upper trend line or our upper rayline, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag. • If the flag forms a little higher than in the example to the left I'll use both our upper trend line and our upper rayline as shields by hiding my stop loss above them as illustrated for extra protection. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. GBP/JPY: • I will not be trading this pair until the legal action surrounding the 2020 US Presidential Election has reached its conclusion, but if once it has price pushes up to and ideally just above our upper trend line, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking to get short with a reduced risk entry on the break of the flag. • If price pushes up to and ideally just above our upper rayline, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking to get short with a reduced risk entry on the break of the flag, so long as where the flag forms allows me to safely move my stop loss to break even before price reaches the lower ascending trend line of our most recent piece of structure. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades.
Short
by StewySongs
EUR/JPY and GBP/USD on watch for me today.EUR/JPY: • I will not be trading this pair until the legal action surrounding the 2020 US Presidential Election has reached its conclusion, but if once it has price pushes up to and ideally just above either our trend line or our rayline, then regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag. • If the flag forms a little higher than in the example to the left I'll use the rayline as a shield by hiding my stop loss above it as illustrated for extra protection. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades. GBP/USD: • I will not be trading this pair until the legal action surrounding the 2020 US Presidential Election has reached its conclusion, but if once it has price pushes up to and ideally just above our upper trend line, then regardless of how it does so I'll be waiting for a convincing push back down below our rayline followed by a tight flag where I'll be looking to get short with a reduced risk entry on the break of the flag. • If price only pushes up to and ideally just above our upper rayline, then once again regardless of how it does so I'll be waiting for a convincing push back down followed by a tight flag where I'll be looking for a reduced risk entry on the break of the flag. • If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises. • If there's any ambiguity then I will not place either of these trades.
Short
by StewySongs
EURJPY Potential Trend ChangeWe have seen Two completed trend changing patterns in this pair. The last bullish move that happened on the 4HRS Chart has resulted in a downtrend; series of LH'S & LL'S. The rally that is currently going on is an opportunity to sell if price stops at the 61.8% retracement area and also fail to break above 124.44. If we manage to get a sell out of the EURJPY, 124.44 is the ideal stop loss because this price represent the last S-STR that took price all the way to the low of 122.83. I will update this one .... Trade with care.
Short
by Charts247TradingAcademy
Weekly Trading Analysis 15.11.2020This is the weekly analysis of the Major Index Pairing. We pair the currencies based on their individual strength and weaknesses. @DXY: Dollar Currency Index WAVESOFSUCCESS ANALYSIS TREND: DOWNTREND PHASE: TREND CYCLE B WAVE: WAVE 2 COMPLETED VERDICT: NEGATIVE ---------------------------- @EXY: Euro Currency Index WAVESOFSUCCESS ANALYSIS TREND: UPTREND PHASE: TREND CYCLE B WAVE: WAVE 2 COMPLETED VERDICT: POSITIVE ---------------------------- @SXY: Swiss Franc Currency Index WAVESOFSUCCESS ANALYSIS TREND: UPTREND PHASE: EXTENDED TREND CYCLE B WAVE: WAVE 3 COMPLETED VERDICT: POSITIVE ---------------------------- @ZXY: New Zealand Dollar Currency Index WAVESOFSUCCESS ANALYSIS TREND: UPTREND PHASE: TREND CYCLE B WAVE: WAVE 2 COMPLETED VERDICT: POSITIVE Note: Wait for a Pullback ----------------------------- @AXY: Australian Dollar Currency Index WAVESOFSUCCESS ANALYSIS TREND: UPTREND PHASE: TREND CYCLE B WAVE: WAVE 2 COMPLETED VERDICT: POSITIVE Note: Wait for a Pullback ------------------------------- @JXY: Japanese Yen Currency Index WAVESOFSUCCESS ANALYSIS TREND: UPTREND PHASE: EXTENDED TREND CYCLE B WAVE: CORRECTIVE PHASE VERDICT: NEGATIVE Note: MORE DOWNSIDE BEFORE TREND CONTINUATION ------------------------------- @BXY: British Pound Currency Index WAVESOFSUCCESS ANALYSIS TREND: UPTREND PHASE: TREND CYCLE B WAVE: WAVE 3 COMPLETED VERDICT: POSITIVE --------------------------------- @CXY: Canadian Dollar Currency Index WAVESOFSUCCESS ANALYSIS TREND: UPTREND PHASE: TREND CYCLE B WAVE: WAVE 1 COMPLETED VERDICT: POSITIVE Note: Cad is very strong and keeps an eye on the Bullish move ----------------------------------- CURRENCY PAIRINGS BUY PAIRS EURUSD GBPUSD NZDUSD AUDUSD EURJPY GBPJPY AUDJPY GBPJPY CADJPY SELL PAIRS USDCHF USDCAD
by Charts247TradingAcademy