Eurjpylong
EUR/JPY Potential Upward Movement 🚀 Technical Analysis:
The price is ranging inside a bullish flag formation where it retraced to an area of confluence. This zone is made by the lower end of the channel, the support and the 61.80% Fibonacci retracement level. This could lead to a move to the upside toward the target profit.
-------------------------------------------------------------------------------------
Trade Idea:
Buy Limit Order @ 133.07
Take Profit @ 133.87
Stop Loss @ 132.75
Trade Safely 🙂
Triangle breakoutI bought this when the large bullish bar appeared. It was as triangle breakout.
The price was also being carried by the 20EMA so I figured this has a good chance of working out.
It would have a good 1.5x RRR too. 20 pips stop and a 30 pip TP
But - I set the size too large. Result, I got scared and cancelled the trade only to watch it zoom up.
Quite a lesson I got got taught today.
I just wanted to document this so I get reminded constantly and so I don't make the same mistake next time.
Tuesday: EURJPY - Week 21Hello everyone! I'm hoping to reach lots of people here on tradingview and create a community where we all share and help each other in becoming better traders, so please, comment and share your ideas and thoughts in regards to my posts! :)
I will update my idea as the trade progresses if any changes occur and my analysis is wrong, or need to be adapted to the new development of price-action.
-----------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------
SMASH that follow button! 👍
💡 Leave a comment and/or message me on how I can improve and provide better content, I'm open to suggestions to create a better experience for you!
RISK DISCLAIMER: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my videos as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this channel. This content is for educational purposes only and is not tax, legal, financial, or professional advice. Any action you take on the information in this video is strictly at your own risk. We, therefore, recommend that you contact a personal financial advisor before carrying out specific transactions and investments. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Inotfancy.com and all individuals affiliated with this channel assume no responsibility for your trading and investment results.
forex | eurjpy multi timeframe analysis - long opportunityforex | eurjpy multi-timeframe analysis - long opportunity
following support and resistance strategy on the monthly and weekly chart and I expect the price will continue moving up to reach the historical resistance.
but I'm afraid of the over-bought of the RSI indicator. so I think the price will make a correction to backtest 61.8% Fibonacci and continue going up.
#eurjpy #eurjpy_analysis #eurjpy_signal
Breakout Identified in EURJPYThe Breakout Opportunities system has just bought EURJPY at 132.397. The system recommends entering this trade at any price between 132.279 and 132.544. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -2.122, suggesting that the EURJPY may have further to rise. A stop loss has been set at the 24-hour low of 131.924 and a profit target has been set at the 1 Day ATR level at 132.984. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.
Signal ID: 76069
Time Issued: Tuesday, 11 May 2021 09:02:15 GMT
Status: open
Entry: 132.279 - 132.544
Limit: 132.984
Stop Loss: 131.924
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.
Past Performance is not an indicator of future results.
EUR/JPY - Break In Bearish Structure!What Is The Market Telling Us?
Euro long accumulation phase has expanded since 26th of April
Break of market structure validates bullish momentum incoming
62% Fib retracement held price for continuation on bullish run
What Are Market Participants Doing'?
EUR longs rose +13.1% in past 24 hours as JPY shorts dropped -10.3%
81% of retail traders are going short on this pair
COT Data shows over 10,000+ lots has been added to the EUR over the past week
Breakout Identified in EURJPYThe Breakout Opportunities system has just bought EURJPY at 131.371. The system recommends entering this trade at any price between 131.276 and 131.518. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.397, suggesting that the EURJPY may have further to rise. A stop loss has been set at the 24-hour low of 130.991 and a profit target has been set at the 1 Day ATR level at 131.959. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.
Signal ID: 76003
Time Issued: Thursday, 06 May 2021 07:04:15 GMT
Status: open
Entry: 131.276 - 131.518
Limit: 131.959
Stop Loss: 130.991
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.
Past Performance is not an indicator of future results.