EURJPY SHORT1W
1. 1st touch, 2nd touch and 3rd touch completes
the trend
1D
1. Dynamic EMA acting as resistance with trend
line supporting the move up.
2. Daily Candle has since broke below current
trend line
3. Looking for support in the lower time frame to
enter a sell
4. Sell @ 124.400 SL @ 127.150
80% profit will be release @115.700
10% profit will be release @112.000
TP will be hit @111.000
4H
Double top rejection
2 Options to take Sell trade
1. Waiting for Market to retest Level @125.250
waiting for support to be created and market
breaking below that support.
2. Wait for a 4H candle to break and have a body
close below 124.500
Eurjpyprediction
EURJPY - sell biased Hi all traders/followers of my tradingview.
This is another trade idea i have for you guys!
Hope it can help you all in your journey to get some money.
Do take note for this trade setup.
If price break above the trend line strongly, this idea is invalidated.
Hopefully all goes well.
Follow me on tradingview.
Like and share this trading idea to all your friends.
**Disclaimer: All trade ideas are of my own personal views.**
Cheers everyone and have a nice day!
EurJpy- 124 could be short term target for sellers127 is strong resistance for EurJpy, marked by a bearish Pin Bar.
Now the pair is heavy and also is trading under trend line support.
A clear break of 125.30 would expose 124.00 important support in the short term.
Sell rallies towards 126 could be s good strategy with 1:2 R:R
Eurjpy is now a buyEurjpy 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.
EUR/JPY: swing SHORT TRADE setup and parameters 126.50 to 128.00 is SELL zone, in principal the overshoot is taken into consideration and is part of the plan
128.50 is strict STOP level
I do expect certain kind of lower move anytime by Tuesday's close. when happens just lower the stop to lock some gains. closing some portion is also okay. of course there many more money management strategies that can be used to maximize the gains. but I approach this sharing to help beginners and also the professional ones as the quality of this trade plan is high grade.
the target is clear and sort of minimal. of course, I repeat, there are many ways to increase rewards and decrease risks. but for now let us stay with the TRADE.
feel free to contact me and we together may check ways to be focused to serve your individual trading needs/targets better.
as always, good luck !
POLICE HELICOPTER125 and 116 are key monthly levels that i will be looking at setting orders at, notice how these are nice round numbers also!
If you want to see the bigger picture you must zoom out, so use the higher timeframes and you will spot stronger and more setups, if the police want to find someone in a crowd they use a helicopter (so they are looking at the bigger picture eg the monthly timeframe) This way they have more chance of finding who or what they are looking for, use this analogy in your trading setups and you will find what you are looking for.
Price is only going 1 way for me, down so the bears are going to take over from the 3 months of bullish moves, price is at a key resistance level on the monthly timeframe and if you look at the 4H and Daily timeframes you can see that price is slowing down and struggling to break this key level, this usually indicates a change of momentum.
If you would like any help trading just send me a message on here for a chat :)
Lots Of Love Laura x