EURJPY targets 169.40 after consolidationEURJPY might have completed the consolidation after the first leg up.
The second leg targets 169.40 where leg 2 = leg 1.
Risk/reward is huge.
EJ
EURJPY - buy to sell setup?There is some glitch and previous 2 posts shall be deleted as soon as possible. Okay, onto the EJ - As price finally dropped down to the daily buy zone, while breaking the structures with a big drop and creating it's own ITR, I am bearish on EJ but before that I am looking for buys prior to sells. That would make sense, knowing that liquidity can come into the market from higher buy/sell zones and price is increasing from the daily buy zone. Lets's watch it closely as the setup seems great!
EURJPY ANALYSIS [W/B 10/06] Long term Swing Short EJ has been heavily, bearish within - not just - the last few hours, but days. Sells have most definitely taken over and have resulted in continuous breaks of structures downwards.
The last BOS on the far right - once it happens (Seeing as lows just keep being attacked, with liquidity continuously being left behind) - will confirm the overall sell into demand that was once created at the beginning of May.
N.B. It would be worth having a look at other JPY pairs too for this trend.
Narrative Analysis and Market Insights | EU & EJ - 09 June, 2024Join me as I dive into my daily analysis routine, conducted every evening before the market opens. I'll show you how I decide whether to trade or stay out of the market the following day. My strategy revolves around trading just two currency pairs, and I'm excited to share my insights with you. Stay tuned for regular updates and trading tips.
EURJPY ANALYSIS (RECENT WEEKS + FUTURE)A lot of the JPY pairs have been recently moving similarly (not surprising due to their obvious relationship). I’ve been keeping an eye on UJ, GJ and my personal favourite EJ - for me to notice their recent similarities.
Anyway, price successfully reached the supply zone and instantly began to dump, successfully shown by the initial displacement. This signalled weakening in the price and that price was ready to go to demand. This idea was further strengthened by the initial sweep and immediate BOS on the 4H chart to the downside giving me a potential entry point (on the 4H which I’m not a big fan of) and a new POI to work from.
POI formed - and another nice BOS- with an order block. However this wasn’t clear enough for me to confidently trade from.
Price broke ONCE more - fully confirming the bearish bias and it gave me two points to decide to work from either off of the 15min or the 1h OB’s created.
I’ll be seeking to TP at 168.485 and then 167.665.
EURJPY Analysis (31st May 2024)
EURJPY Analysis(1HR TF)
Price is at 1 hour Bearish OB Key level.
BUY/SELL SCENARIOS:
🟢BUYS: Price breaks above the 169.979 level with a body candle close. If this happens. A retest of the Failed 1 hour OB to Buy to target 170.251 first before targeting 170.800.
🔴SELLS: Price Dumps below the 169.734 level with a body candle close. This creates a bearish Pattern to continue to look for sells targeting the 169.400 level.
TRADE SIGNAL - BUY EURJPYWeekly and daily price bars has not moved bullish at all (no top wick), and price seats currently on psychological level 170.000. There are chances that price has found support at that level. If so, then expect a bullish swing up to 171.000 in the coming hours or days.
Confluences (A.K.A checklists) to look out for:
✅Price at psychological level?
❌Has there been a recent intraday range?
❌Do you see 30 mins or 1 hr price bar closure outside recent range?
❌Will position be in the direction of 4hr and Daily trend ?
✅Has nearby wicks to the left-hand-side been identified and marked as potential problem area/TPx?
Go long only when you tick out this checklist!!!
Trade parameters:
Buy @ 169.982 - 169.781
Flex SL 169.449
Final TP 171.002
Warning:
1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk.
3. You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
Learn how to trade. See my signature below or visit my profile for more details
TRADE SIGNAL: EURJPY LONG 21 May 2024Factoring in some learning from my previous 2 trade signals, i have strong conviction that EJ might pullback to immediate past resistance(now support) to gather some liquidity before pushing up. Hence i'd recommend long positions for the pair. See details below
Position Parameters;
Entry BUY @ 169.500 - 169.223
Flex SL 169.060
Final TP 170.496
Note: i'd share updated confluences from next post.
Warning:
1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk.
3. You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
Learn how to trade. See my signature below or visit my profile for more details
SIGNAL BUY EURJPY - ENTRY BELOWFind my confluences below;
✅Price at psychological level?
✅Has there been a recent intraday range?
❌Do you see 30 mins or 1 hr price bar closure outside recent range?
✅Will position be in the direction of 4hr and Daily trend ?
✅Has nearby wicks to the lefthand side been identified and marked as potential problem area/TPx?
Go long the moment the pending condition is met;
Position details
Flexible Entry 169.526
Flexible SL 169.309
Target 170.001 area
Warning:
1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk.
3. You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
Learn how to trade. See my signature below or visit my profile for more details
Short EURJPY for 100 pipsFind trade parameters below;
Entry 167.927-168.233
Textbook SL 168.261
Final TP 166.989
Drop a comment to let me know if you have picked up a thing or two form my analysis
Warning:
1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk.
You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
Learn how to trade. See my signature below or visit my profile for more details
SHORTING EURJPY with tight SLshort below 168.309
SL 168.315
TP 166.995 (flexible)
Warning:
1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk.
3. You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
Learn how to trade. See my signature below or visit my profile for more details
EURJPY BULLISH - 15 May 2024Like, comment and share with your peers!
Am looking for buys on EURJPY between the range below.
Find my confluences below;
✅Price at psychological level?
✅Has there been a recent intraday range?
✅Do you see 30 mins or 1 hr price bar closure outside recent range?
✅Will position be in the direction of 4hr and Daily trend ?
✅Has nearby wicks to the lefthand side been identified and marked as potential problem area/TPx?
With these ticked, i choose my entry and SL accordingly with the intention of giving my trade a second chance if my SL is hit
Position Parameters
Entry 169.000-169.364
SL 168.687 (flexible - put SL as occasion serves you and give the trade a second chance if SL is hit)
TP 170.505
Drop a comment to let me know if you have picked up a thing or two form my analysis
Warning:
1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk.
You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
Learn how to trade. See my signature below or visit my profile for more details
Entry 169.000-169.364
SL 168.687
TP 170.505
LONDON OPEN SIGNAL: EURJPY LONG - 14 May 2024Like, comment and share with your peers!
Hi Friends,
Price was able to close outside our recent range (see 30 minutes time frame), so i'd expect that momentum to continue but not without multiple retest of this recent range. With that said, find the following focal points;
Entry - 168.646 to 168.728 area
Textbook SL 168.396 (means flexible - put SL as occasion serves you and give the trade a second chance if SL is hit)
Final TP 169.500 (TP 1 - 169.000)
Warning:
1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk.
You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
Learn how to trade. See my signature below or visit my profile for more details
EURJPY Long Continues - 10 May 2024Like, comment and share my analysis with your frineds
Morning Friends,
EJ has a very strong bullish outlook and will most likely continue pushing up.
Entry - 167.650 - 167.721 area
SL 167.397
TP 168.507
Warning : trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose.
You are advised to apply proper risk management while trading derivatives...!!!
BR,
Kings
Learn how to trade. See my signature below or visit my profile for more details
Long EURJPY - 3 May 2024Am expecting EJ buys if we break above previous 1 hr high.
apply proper risk management!!!
EURJPY Daily Analysis - 17 April 2024CHECK OUT MY BIO....
Knowledge Required to nail
OANDA:EURJPY
1, Good understanding of price Trend/directions
2, Absolute respect for Supports and Resistances
3, Knowledge of candle stick patterns
4, Discipline to use partial TP, SL
5, Discipline to wait for confirmations and only act when required
See the video for more.
EURJPY Daily Ananlysis - 16 April 2024CHECK OUT MY BIO....
Knowledge Required to nail
OANDA:EURJPY
1, Good understanding of price Trend/directions
2, Absolute respect for Supports and Resistances
3, Knowledge of candle stick patterns
4, Discipline to use partial TP, SL
5, Discipline to wait for confirmations and only act when required
See the video for more.
EURJPYEURJPY is in a channel and after breaking a triangle consolidation looks like it will attempt upper bounds of channel around 167. We can look to potentially buy this pair aswell as some of the other yen crosses.
EURJPY - Mar. 6th, 2024BUY/LONG ZONE (GREEN): 161.550 - 166.700
DO NOT TRADE/DNT ZONE (WHITE): 159.750 - 161.550
SELL/SHORT ZONE (RED): 155.710 - 159.750
Monthly: Bullish
Weekly: Bullish
Daily: Bullish
4H: Bullish
Previous bearish trend has been labeled along with the DNT area and the initial bullish zone that price broke into to flip the trend. Currently price is onto the next bullish zone and structure is holding well in step up patterns. Price has already tested 163.450 twice on the daily, looking for 4h structure to develop back as bullish and test a third time, or for price to pullback down to the 161.900 level at the top of the zone. It would be more risky if price pulls back to 161.900 level as this would be the second test (daily timeframe) after the 4h price had confirmed it as bullish.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
EJ 4H Sell Idea 2/25/24Price is at the highs of Nov '23.
Double tops are forming on the 4H and below.
Looking for the M to complete on the 4H at a minimum before returning to bullish price movement.
Price could very well continue bullish from where it currently is, but we shall have to wait and see.
EURJPY Buys Rolling Have a trade floating open on EJ currently
I'd like to explain why I took this trade
I have 5 questions I needed to get answered, they are as follows
Question 1 - Is EURJPY in momentum (bullish or bearish)?
Question 2 - Who is interested (at this time)?
Question 3 - Where are their stop losses?
Question 4 - Have those stop losses been taken out?
Question 5 - Does the set up make sense to me to pursue?
So let's answer those questions
Q1 - Ej is in bullish momentum (confirmation on the higher timefram)
Q2 - Buyers would have been interested above this level (orange zone)
Q3 - Buyers stop losses would have been below the zone (orange line)
Q4 - Buyers stops may have been taken out with that recent spike low
Q5 - Yes, I do think it makes sense for me to attempt to pursue a trade on this asset
So far it is just about 20 pips in profit, but with a 10 pip stop loss this trade literally just needs to go about 50 pips or so to give me a 1:5+
Upvote if you agree with my reasoning
OR
Downvote if you didn't read and didn't attempt to understand my reasoning
Look at Ej for yourself to see if you think buys would have made sense to you here
EURJPYso, it seems I took two trades too early.
We ar in a daily uptrend canal. And there is a good chance, it will go south to the edge of the bottom yellow line.
Next days and weeks we hopefully will see a more bullish bias.
EURCAD in a daily RangeAfter an uptrend, EC went side for a longer time, I took trades in the middle of the range! Not the best way to do it. Hopefully next days and weeks it will leave the range and go north.
