EUR/JPY: swing SHORT TRADE setup and parameters 126.50 to 128.00 is SELL zone, in principal the overshoot is taken into consideration and is part of the plan
128.50 is strict STOP level
I do expect certain kind of lower move anytime by Tuesday's close. when happens just lower the stop to lock some gains. closing some portion is also okay. of course there many more money management strategies that can be used to maximize the gains. but I approach this sharing to help beginners and also the professional ones as the quality of this trade plan is high grade.
the target is clear and sort of minimal. of course, I repeat, there are many ways to increase rewards and decrease risks. but for now let us stay with the TRADE.
feel free to contact me and we together may check ways to be focused to serve your individual trading needs/targets better.
as always, good luck !
Eurjpyidea
EURJPY testing the 125.42 support level! (ROADMAP)currently, we are seeing a higher low and higher peak series indicate that price still on the bullish trend, I will wait and see how the price will react further to the 125.42 support level before placing any sell order.
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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GWBFX
Uptrend continuation expected, buy the dipsEURJPY market structure remains Bullish and price is above the 100H EMA. So, a continuation of the uptrend is expected.
I would be looking to buy the dips near 124.30-124.65 with SL below 124 and TP at 126.
Watch the area that I have highlighted in my chart. Buying here carries the lowest risk because your TP would be big and the SL would be small.
Watch for bullish price action near this highlighted area and buy with the above targets.
EUR/JPY Technical Analysis.Currently, EUR/JPY is trading at 124.66. The pair may start a new down trend if it breaks the support level at 124.10. Previously, the pair was making higher high lower low pattern in the resistance and support wedges. If the pair starts a new down trend after breaking the support level, then its first target price will be at 122.65 and the second target price will be at 121.76.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and ideas.
Thank you,
Rishikesh Lilawat
EURJPY long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURJPY long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURJPY long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
Will EURJPY test 124.3? or taking small break 120.4? InterestingOANDA:EURJPY
- At this very time of this study, the trading still undecided to break the current R1/S1. The current relative positive sentiment might trigger a minor #Uptrend that will test R2 124.3. When it fails to break R1 than short position will be preferred as it will try to reverse down to 120.4
- Long position will be preferred if Gann fan 8/1 break,
- If S1 failed, the trend would slightly go #Sideways.
Interesting momentum, a crossroad. :)
If you want my view about other currencies/stocks/commodities, I will love to share my view with you. Just simply comment below. I always open for discussion.
Disclaimer:
This information is for educational purposes and is not an investment recommendation nor to be representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal account.
EURJPY long trade ideaPlan: wait for the price to decelerate and bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURJPY long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURJPYEURJPY is hovering around a key area of support/resistance. Which we broke through and now is resistance, we might see a retest of the area which aligns with my ascending channel. Will be looking for a third tap of the top of the trend line for a short entry if it gets to that in a corrective manner. If it breaks the structure impulsively will be waiting to see if it is a possible retest of the ray line above and will be watching how it gets to that area.
EURJPY long trade ideaPlan: wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EUR/JPY Technical Analysis.Currently, EUR/JPY is trading at 119.58. The pair started a new down trend on 8th June and after giving the exit signal on regression trend by breaking the support level, it consolidated between the resistance and support levels. After breaking the support level and neck line at 120.68, the pair continued the down trend, its first target price for the down trend will be at 119.31 and the second target price will be at 118.47.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat