Eurjpyshort
EURJPY SHORTEURJPY moving in a channel and not able to break the channel upwards.
Good to short this pair and also you can short USDJPY as well. I have shared the chart idea.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
EURJPY : TRADE IDEAfundamental :
- risk tone between Ukrainian & russian
- us sanction on russia will effect Europe’s energy, trade, manufacturing, banking and markets
technical;
- waiting for 128.415 level to break
- Any fall below that level could be an opportunity to go long on the yen.
My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities.
Like and subscribe and happy trading to all
EUR/JPY Short Trade UpdateHey Guys!
As you guys know the current weekly bias on the Eur/Jpy is short. Or in other words, price is likely to reach 133.68 before reaching 114. 40 .
In this video, I explain the short position I'm currently holding and the reasons why I took the entry, as well as how I plan to trade this set up in the coming weeks.
Moreover, I review how I have been trading this short set up for the last couple of weeks.
That's it! I'll keep you guys updated!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.
EURJPY | Approaching to SupportEURJPY is trading in a ascending triangle and price is likely to reach the support zone (130). Two possibilities here;
(a) The support zone will be reactive for the bulls and 130 area will be a good buy zone. We expect price will break the falling trendline as well.
(b) The support zone will be a good point for the bears and they can fake the bulls and price will drop sharply after that.
Trade your levels accordingly.
EUR/JPY 4HR SELL SET UPHi TRADERS this is my trade set up for the EUR/JPY
EUR/JPY Looking for a pull back in to the order block zone and I am expecting a rejection for a sell trade
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
please like comment and follow
EUR/JPY Short Trade UpdateHey Guys!
Due to 1h weakening of long strength. I aborted the counter bias long entry and simultaneously entered a short position at 131.50 with the stop loss at 133.68 and the main target at 114. 40.
That's it!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.
EUR/JPY Short Trade UpdateHey Guys!
I just aborted all 3 short positions due to possible 1m extreme long strength kicking back in.
However the weekly bias remains short for the time being, and am planning to re-enter short after a pullback and long strength begins to wane.
That's it!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.
EUR/JPY Short Opportunity EUR/JPY is hovering nearly to its trendline resistance level. Fundamentally EUR is under pressure except for rate-hiking optimism in 2023.
JPY is a haven asset, so if Russia-Ukraine tension rises, JPY will benefit.
So, EUR/JPY has chances to drop again.
EUR/JPY Sell Zone: 131.50 to 132.50
Stop Loss: 133.50
Target Zone 130.70
Target Zone 2: 129.50
Price Action Lesson: The Basics of How to Read PriceHey Guys!
Just wanted to put up a quick Price Action Lesson on How to Read Price.
I demonstrate this foundational element of reading price with a current eurjpy short trade I'm currently in.
The Key point of the lesson is simply: Directional movement of price is irrelevant when it comes to reading price. What's important is "How Price Gets from Point A to Point B".
So even if price moves up, if there is no signs of strength in the same direction, that move up will be unsustainable.
Moreover, this foundational way of looking at price movement is what allows a trader to always be one step ahead of the market and thus not chase the market.
Ok! I hope this helps guys!
Have a great day!
Ken
Disclaimer: This is not Personal Financial Advice.
(WEEKLY) EURJPY - WAITING FOR ZIGZAGOur past analysis was a success.
This the continuation of the analysis.
Short is more preferable if you are trading weekly.
Due to huge movement last week, we may experienace the 'lame' sideway movement this week.
There are lot of confirmations.
But , the Invalidation Level is there.
Mon 14th Feb 2022 Daily Forex Charts : 3x New Trade SetupsGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 3x new trade setups this morning. As usual, you can read my notes on the chart for my thoughts on these setups. The trades being a EUR/CHF Sell, EUR/JPY Sell & EUR/USD Sell. Watch the overall risk due to the high correlation between these trades, as all involve the EUR. Enjoy the day all. Cheers. Jim