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Eurjpylong

EURJPY - London Session Buy explained JPY had some news releases during Asia, presenting a weak JPY so i was already eyeing EUR & GBP / JPY. When london opened, there was a minor news release, indication a strong eur, and i started looking for an entry signal No LL was made price moved sideway at my entry area and moved strongly i entered the trade with a generous SL. took 2 trades as usual. 1 w 2r and 1 with 3r, which was nicely in line w Asian highs. I did look into the possibility that the price will dip lower and go for the asian lows, but my TPs were not that crazy so I went with this trade. Prices are nearing Asian lows now but i will only explore trade opportunities during the next london session. FYI- my entries are on 5m but i cant post in 5m due to tradingview limitations. thanks!!
Long
by uzzzma
☑️EURJPY update and further analysis☑️📉 Text marks: 🔹 IL = impulse leg. Inside of IL we can usually see inside structure, which is secondary in nature, like a market noise, unless you trade it on LTF, as it’s own IL. 🔹 ph, pl = protected high or low, which holds current structural impulse. 🔹 bos = break of structure . Based on candle body close below/above previous structural impulse. 🔹 rsz, rdz = refined supply and demand zones. Specific areas to look for LTF confirmations. They are manipulative up-moves before real down moves, or vice versa. Strong hands (the Composite Man, as Wyckoff called it) often come back to such zones to close their manipulative orders at breakeven, before pushing prices further. If body closes outside of the zone, in most cases it will mean the cancellation of the setup. 🔹 if ltf confirms = entry only if there's a shift of structure on lower TF inside of rsz or rdz, or any other type of backtested and approved confirmation. 🔹 liq target = liquidity target: next profit taking levels for strong hands, our main targets based on current price action. ☝️Disclaimer: ALL ideas here are for EDUCATIONAL and MARKETING purposes only, not a financial advice, NOT A SIGNAL. I share my view on the market and search for like-minded traders. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as trading in a simulated environment. 👉I believe that "right or wrong" mentality is a fundamental flaw of any beginner. In reality, a trader is right only when he executes the system and follows his rules, and he's wrong only when he's taking random setups. A trader should find a system he's willing to work with long-term, hindsight test, backtest and then execute live, then refine until perfection. 🚀Thanks for your BOOSTS and support🚀 💬Send your comments and questions below, share your ideas and charts, I'll be glad to talk to you💬
Long
by Yelli_trades
14
EURJPY LongList of confluences: 1: Falling Wedge Breakout 2: Trendline Breakout 3: Key Level Breakout and Change in Market Structure When looking at the larger time frames, we can see that EURJPY remains in a uptrend. We have also seen the market pull back which signalled a chance to enter in the direction of the bigger picture trend. We have listed 3 reasons as to why we will be looking to Buy/Long the pair. We are expecting a potential return of between 12.12 % to 24.24% at 1 - 2 % risk per trade.
Long
by NDOBObanks
EURJPY LONG IDEAHello Dear Traders. My idea on Eurjpy with layered and incremental TP levels. Follow your own R:R:R rules and do not trade blindly. And please, do not forget that we are retail traders, with limited access to the right tools like banks. So, we have to adjust our Stop loss levels far away from the most predictable areas in order not to be heat. We have to provide space for our traders to breathe and evolve in such a way that it will definitely end up giving profit hit even of few pips e.g. 30. I am not fond of huge R:R:R if the SL is pretty close to a support and the price grabs the liquidity trapping us and then reverses on the way to TP. Good luck1!
Long
by The_Forex_Path
6
EURJPY: Can bulls maintain?EURJPY Intraday - We look to Buy at 142.40 (stop at 141.70) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 144.40 and 147.25 Resistance: 144.30 / 147.25 / 151.00 Support: 141.70 / 138.85 / 135.95 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Long
by VantageMarkets