EURJPY TRADE IDEA - Looking for Second OpinionsHello Traders,
This morning I'm looking at a possible short selling opportunity with EURJPY but I would like everyone's input. I'm trying to establish if this is a decent risk to reward sell trade. I know the odds of the trade are more likely in my favor but I'm wondering if I should increase my target or even execute this trade at all.
Let me know what you guys think.
Thanks in advance.
Regards,
Michael Harding
Eurjpy!
JPY pairs overviewWe are looking at this analysis at JPY pairs for clues. There is a space for both direction trades long and short on some pairs but the key levels are not still triggered
EUR/JPY MULTI-TIMEFRAME ANALYSIS Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
EURJPY waiting for the buy setup to formon DAILY: EURJPY is still sitting around a support and demand area in blue so we are still looking for objective buy setups on lower timeframes.
on M30: EURJPY is forming a channel in orange but it is not valid yet so we are waiting for a new swing to form around our upper orange trendline to consider it objective and then enter on its break upward.
$EUR pairs overviewAs EURUSD is continuing higher after the bounce off the support all the other EUR pairs are getting interested for the long trades
High Probability Pairing EURJPY,USDCAD,USDJPYToday, we are looking at the EURJPY for continuation of its recovery from the Low of Friday.
The first area of upside break is 120.21, above here we should expect correction followed by another wave of Buyers.
The USDCAD last week has seen some Buyers however, the move prior to that was a very deep correction to the downside.
It takes a great deal of time and effort for a trend to change, so we will expect more downside pressure.
From a lower timeframe we will be selling rallies that fails in the USDCAD.
USDJPY is in a tight range, a break and correction either side of the break will give us an entry UP or Down.
NOTE:Truths
-Traders will do the same thing over and over again.
-In trading, no one to blame and no one to question what price did.
-Price can break any low/High because anything can happen.
If you fully allign your thinking in line with the truth about the market then you will win.
EUR/JPY MULTI-TIMEFRAME ANALYSIS Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
EURJPY TREND RESUMEEDUCATION.
CURRENCY PAIR: EURJPY
TREND: UP-TREND
PHASE: SECONDARY TREND/CORRECTIVE PHASE
HIGH PROBABILITY TRADE: BUY WITH BUYERS
NOTE:Truths about trading the Market
-Traders will do the same thing over and over again.
-In trading, no one to blame and no one to question what price did.
-Price can break any low/High because anything can happen.
If you fully allign your thinking in line with the truth about the market then you will win.
The only thing you can control is yourself! Risk and Execution with a proven Methodology.
EUR/JPY MULTI-TIMEFRAME ANALYSIS Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
EURJPY waiting for the buy setup to formon DAILY: EURJPY is approaching a demand zone and retesting our brown trendline so we will be looking for objective buy setups on lower timeframes.
on M30: EURJPY is forming a trendline in red (not valid yet) so we are waiting for a third swing to form around it to consider it valid and then enter on its break upward.
meanwhile, until the buy setup is activated, we would be overall bearish on EURJPY
EURJPY WAVES OF SUCCESS ANALYSIS PT4.A look at the hourly chart.
This shows that the best trade to take in the EURJPY is a Buy trade.
Buyers took price above the Sellers.
We must now wait for an entry.
EURJPY WAVES OF SUCCESS ANALYSISEducation Post:
This is a Price Behaviour Methodology.
You have to learn to interprete the waves/swings that price makes at any given time and location on the chart.
Attach a true meaning to it and react according to the information you have been presented.
As you may be aware, predicting is not going to make you money, but following the footsteps of those that are making money will make you money.
Trading is EXECUTION!!!
EURJPY to continue the drop | 10 June 2020EURJPY is pulling back to the trendline and could drop from there!
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.
Until next time, see ya!
EURJPY Price has bounced in our make or break zone whats next? 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!
Trade Ideas for EURO Crosses - EURJPY - EURCHF - EURUSD Hello Traders,
In today's video I'm taking a look at EURO Crosses for this week to help us develop some decent low risk trade setups. Feel free to leave comments in the comment section below.
Trade Safe - Trade Well
Michael Harding
EURJPY potential bearish reversalon WEEKLY: price is overall bearish making lower lows and lower highs inside our brown channel, and it is currently sitting around our upper trendline so we will be looking for objective trend-following sell setups on lower timeframes.
keeping in mind that price can still test our upper red resistance in red before going downward.
on H1: price is trading inside our red channel (not valid yet) so we are waiting for a third swing to form around our lower red trendline to consider it objective and enter on its break downward.
we also have divergence on MACD adding more confluence to our sell setup.
Meanwhile, EURJPY would be overall bullish.
EUR/JPY MULTI-TIMEFRAME ANALYSIS Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
