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
Ejlong
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
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 - 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!
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
EURJPY long - swing tradeEURJPY on Friday session has successfully bounced again from significant support - together with 4H 200 moving average.
Further bullish sign that we closed above 4H 50 as well.
Expecting a pullback on lower timeframes then entering a position targeting 147.800 then the 149.300 range with significant resistance.
⚡️EURJPY -BUY SETUP. 4 OCT⚡️Hello Traders!!
I have analyzed EURJPY and this is my opinion
-My technical analysis indicates a possible bullish setup
-The risk to reward on this trade is 1:2
-It is closely related with GBPJPY which is currently BULLISH
⚡️Exercise Good risk management⚡️
⚡️Split your position so you can take partials as the move progresses⚡️
⚡️Updates will be added on this post, stay tuned⚡️
Slick✨
EURJPY Bullish Weekly ForcastI forcast EJ to push higher now that we have broken the bearish channel. This was also confirmed with divergence.
We could still see EJ make a final push lower before heading up so keep this in mind.
My idea will be invalidated if price breaks below my trendline and heads lower on HTF
EURJPY are we going up?Hello Traders and welcome to out channel. This is out thought process for this specific analasys. If you like this idea please support it with a like so we can keep posting more content like this. If you have any additional questions let us know in the comments and we will provide you with the answer! SharkFx wish you a successful trading week!