Euro / Japanese Yen
Long
Updated

EURJPY BUY TRADE PLAN

166
๐Ÿ”ฅ BUY TRADE ๐Ÿ”ฅ | โœ… โœ… โœ… โœ… โœ…
๐ŸŽฏ ENTRY TYPE: Trend Continuation
โณ STATUS: Price Has NOT Tapped Entry Zone Yet โ€“ Still Waiting

๐Ÿ“ Entry Zone: 160.800 - 160.500
๐Ÿ“ Deeper Buy Entry (If price drops further): 160.000 - 159.800

๐Ÿ›‘ Stop Loss:

Below 159.800 (Standard SL)
Below 159.500 (Safe SL โ€“ Final invalidation level)

๐Ÿ† Take Profit Targets:

๐ŸŽฏ TP1: 161.800 (First reaction zone)
๐ŸŽฏ TP2: 162.500 (Key liquidity target)
๐Ÿ† TP3: 163.200 - 163.500 (Major resistance zone)

๐Ÿ“ˆ Risk-Reward Ratio:

1:3 if targeting ๐ŸŽฏ TP1
1:4+ if targeting ๐ŸŽฏ TP2 or ๐Ÿ† TP3

๐Ÿ“Œ Reason for Entry:
โœ” ๐Ÿ“ˆ Bullish trend remains intact, looking for a pullback to enter.
โœ” ๐Ÿ”„ H4 bullish structure valid โ€“ higher lows forming.
โœ” ๐Ÿฆ Institutional demand zone expected to hold.
โœ” ๐Ÿ“Š Volume spike shows Smart Money buying dips.

๐Ÿšจ โš ๏ธ CONFIRMATION REQUIRED BEFORE BUYING:
๐Ÿ”น H1/M30 Bullish Rejection Candle (Pin Bar, Engulfing) at Entry Zone.
๐Ÿ”น LTF (H1/M30) Bullish Divergence = Extra Confirmation.
๐Ÿ”น Volume Increase at Demand Zone = Smart Money Buying Signal.

โŒ DO NOT take the trade if price breaks below 159.800 without reaction.

๐Ÿ“Œ TRADE VALIDITY & INVALIDATION CONDITIONS
๐Ÿ•’ VALID FOR:

BUY TRADE: 1-3 days (H4-based swing setup).
SELL TRADE: 12-24 hours (H1-based counter-trend setup, ONLY IF REJECTION OCCURS).
๐Ÿšซ BUY SETUP INVALID IF:

Stop Loss at 159.500 is hit โ†’ Trade invalid.
Price breaks below 159.800 and holds = Institutional demand zone fails.
Market structure shifts bearish (Strong BOS to downside).

๐Ÿ“Œ RISK MANAGEMENT REMINDER
๐Ÿ’ฐ Use 1-2% risk per trade. Move SL to breakeven after TP1 to secure profits.
Trade closed: target reached
Beautiful entry went on to hit TP levels

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.