Sell ETHJPY. Just keep some JPY in the account for a bit.You cannot really short ETHJPY, but you can sell some ETH for JPY and aim to buy back more ETH on the reverse signal.
ETHJPY trade ideas
Bullish Motive Wave CompleteThis pair has the best structure for EW and KC analysis. Base channel shown in Blue and Acceleration channel shown in Green (with adjacent shadow channels).
Green and Red lines illustrate energy barriers (dynamic support and resistance offered by the growth structure) offering support from above (Green) and resistance from below (Red).
How to Trade Daily Double Bollinger Band StrategySetup
1st Bollinger Band (BB) default deviation (dev.) 2
2nd BB dev. 1
Upper Range ( UR -7.79% ) is space between the upper dev. 1 and 2 bands
Upper Mid Range (UMR) is space between 20ma and upper dev. 1 band
Lower Mid Range (LMR) is space between 20ma and lower dev. 1 band
Lower Range (LR) is space between the lower dev. 1 and 2 bands
Trade 1 - Green candle opens in UMR and closes in UR -7.79% open long trade
Trade 2 - Red candle opens in UR -7.79% and closes in UMR open short trade
Trade 3 - Candles staying between UMR and LMR create range trading strategy
Trade 4 - Candles staying in UR -7.79% or LR band create trend trading strategy
Trade 5 - Green candle opens in LR and closes in LMR open long trade
Trade 6 - Red candle opens in LMR and closes in LR open short trade
Open trades in 15m chart with appropriate candle patterns
