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Eurjpytrade

EURJPYEURJPY has been respecting the supply zone it formed on the 1hr tf. My bias for this pair is that I am expecting it to continue with its short term pull back until the 45min/1hr demand zone where depending on how price reacts I will be looking to take on long positions back to the upside. There is also a 15min OrderBlock right below the 45min/1hr demand, however, the 45min/1hr zone looks more promising for potential entries for long positions. Do your due diligence first.
by ApexTradingClub
2
EUR/JPY Short Trade UpdateHey Guys! As you guys know, the assumed weekly bias was short. Or in other words, price is likely to reach 114. 40 before reaching 133.68. (Though the main target has changed. Explained in the video.) However, due to long confirmation forming on the 1h chart for the last 2 weeks, I did not take any further short entries. That said, I did take a loss of -$1800 from the initial short entry I took about 1 month ago. In this video, I explain what I learned from the loss and moreover my outlook for this pair in the coming weeks. That's it! Have a great day guys! Ken Disclaimer: This is not Personal Financial Advice.
Short
by TradingForexPriceAction
3
EURJPY LONGEURJPY has been moving in a down trend for serval day. Current price action suggests that the pair might be in for a short term bullish correction. The patterns we spotted which are in line with our short term up trend basis include an inverse head and shoulders pattern in Daily and H4 time frames with the H4 being the more clearer. We have also spotted a trendline breakout, close and retest followed by a change in market structure by the breakout, close and retest of our key level. The target for this particular trade is around the 132.6**The risk reward for the trade currently stands at around 6.81 to 1. We plan to hold this particular trade until out target is reach or close manually as per the rules of our trading plan.
Long
by NDOBObanks
2
EUR/JPY Short Trade UpdateHey Guys! Just a quick update! As you guys know the current weekly bias on the Eur/Jpy is still short. Or in other words, price is likely to reach 114. 40 before reaching 133.68. (Though the main target has changed. Explained in the video.) 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 days and weeks. That's it! I'll keep you guys updated! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Short
by TradingForexPriceAction
4
EURJPY Short - Risk/Reward 1:2.5 - mid-termShort setup for EurJPY : With the money flow index and RSI decreasing on the 1W weekly frame, and after a strong reversal from 7th March lows (124.4), EurJpy is expected to see a selling pressure in price levels between 132 and 133. These price levels lie between a strong 1W Finbonacci level and the trendline joining the highs from june 2021. We look for taking short positions between 132.2 and 133. SL = 1D close above 134.3 which signifies further bullish continuation towards 137. TPs and proposed %s for closing the position: TP1 = 130.5 (20%) TP2 = 128.9 (30%) TP3 = 128 (20%) TP4 = 127 (20%) TP5 = 126.5 (5%) TP6= 125.3 (5%) with an effective closing position around 128.3 (+400pips) this short opportunity represents a Risk/Reward ratio of 1:2.5 Good luck samurai
Short
by Samurai_07
EUR/JPY Short Trade UpdateHey Guys! Just a quick update! As you guys know the current weekly bias on the Eur/Jpy is short. Or in other words, price is likely to reach 114.40 before reaching 133.68. 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. That's it! I'll keep you guys updated! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Short
by TradingForexPriceAction
1
EUR/JPY Short Trade UpdateHey Guys! Just a quick update! 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. That's it! I'll keep you guys updated! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Short
by TradingForexPriceAction
1