Ejlong
EJ long January 12th 21 many wicks to the downside, overall bullish trend i expect this to come to around the 127.30 lvl with a 20 pip stoploss.. waiting for confirmation first.
EJ Long opportunity Waiting for a break out of the range before taking this trade. Been sideways trending since December 2020 so hopefully looking for it to break through the current 23 line on the fib.
EURUSD looks ready to reclaim 1.2500Price is grinding higher within a equidistant channel. The preceding move was bullish and I expect a bullish continuation. This expectation lines up with the weak dollar. I expect the current area (the bottom of the channel) around 1.21775 to hold as support and price to move higher.
My initial target would be 1.2330 , if achieved this would provide a 5R trade.
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As always, please use sound money and risk management in all your trades.
Low volatility but keeping an eye on EURJPY longMarkets have been quiet as expected during this holiday period, but EURJPY has been consolidating since early Dec.
The preceding trend was bullish and in my opinion, the most likely direction the market will break out will be to the up side.
I am willing to take a long at the bottom of this corrective structure or upon a break out and retest at the top.
If you like my analysis, please give it a "thumbs up" and follow me to get immediate notifications.
As always, please use sound money and risk management in all your trades.
Looking for buys in EJ @126.668So I am mainly looking for buys looking for a quick scalp of 15-30 pips!
Making sure I perfectly enter with my buy stop.
EURJPY BUYEURJPY 4H timeframe analysis, the overall market structure is uptrending and right now came down for retracement and about to go back up for SWING HIGH.
Buying EJ Im looking to buy EJ until that support and resistance zone which is more than likely going to reject off and then sell!
EJ Analysis 04/10/2020 -- UpdateI had already highlighted that for buys to be valid, price needed to break resistance and form a support.
Price did exactly this and as support was formed, I looked for confirmations to enter buys. When the bullish 15m candle broke the high of the previous 15m candle which was our formation of support, I entered the trade.
My stops were below the current 30m candle and I secured profits and left stops at BE when the zone highlighted as a potential barrier for price to break through was tapped.
I left half of my position open and closed 90% of that at the 100 pip mark, with my final runner eventually getting stopped out at 98 pips profit.
This is an example of trailing stop loss, every so often I moved my SL further into profit following market structure.
The risk reward on this trade was 18.36 and price moved beautifully with no bumps along the way.
EUR/JPY TO 124.425Fib 50.00% retest , which correlates with daily support. -61.8% fib roughly correlates with swing point.
EJ Analysis 29/09/2020 -- UpdateWe noticed that on the 1m timeframe price broke resistance that was being held even on such a small timeframe, as it was a new timeframe to trade off of, we used half risk when we executed the buys, with our stops below the 30m breakout candle, we secured 12 pips as price tapped into resistance before stopping us out at BE.
EJ Analysis 28/09/2020 -- UpdateThis analysis played out perfectly, Price broke resistance and created a support on the 15m timeframe, when the 15m candle broke the high of the previous candle after creating support, we executed buys with our stops below the current 15m candle and out 3 take profit points highlighted on the chart from before, all three TPs were smashed and price ended up rejecting off our final target, making this a perfect trade.
15m Technical EURJPY Long 1:3.33Expectations are a rise.
Instructions - if trade flat or has not moved in the next 2 hours, take small loss or small profit.
Trade with caution, this is not financial advice.
Entry: Market
SL: 122.700
TP: 123.571
15m Technical EURJPY Long 1:3Expectations are a rise.
Instructions - if trade flat or has not moved in the next 2 hours, take small loss or small profit.
Trade with caution, this is not financial advice.
Entry: Market
SL: 123.436
TP: 123.991
EURJPYWe had a nice rejection from the 50% fib region. I had a Buy limit set before I went to sleep during Asian session to catch EJ on a pullback and give me a good R:R. Woke up to in profits and moving to the upside nicely.
EUR/JPY BUY OPPORTUNITY (4 HOURS):Wicks thrown to the downside, means price is rejecting the downside movement.
EURJPY Updateso my thoughts on EURJPY it retraced its way back to the resistance level, and looking back it has touched that level like four times, seems like a pretty strong level to break.
uhm the way it has retraced to the resistance level i'll be expecting a really strong movement on the down side, trust your insticts right?
Have a profitable Tuesday.
drop your thoughts down on the comment section, thanks
