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Eurjpytrade

** EURJPY ** currently in drawdown lets see how this one goes.Hi all, hope you all had a great weekend and ready for a fresh week on the charts. The entry price, stop loss (in pipettes) and take profit are shown on the chart itself. Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress. My name is Al, I'm 40 and from the UK. I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can. Any questions, feel free to drop me a direct message if I can help. These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too. This is all for information and education. Have a great day, Al. 🙂 PS. Check my other 'Related Ideas' too.
Short
by AL-1-
EURJPY - SHORT; SELL the Monthly Resistance here! ......despite the heavy docket next week. (BoJ rate decision, EU data dump, etc.) The upcoming data has a virtually zero chance to fundamentally alter the overall picture, either for the EU or for the BoJ. Much more importantly, technically this is a solid SHORT Entry here with low risk. (Despite the likely volatility.) If the trade is wrong, you'll know it right away. Note: This post also serves as a replacement/update for the previous EURJPY post which was erroneously updated, earlier last week. (See attached)
Short
by Nemo_Confidat
8
EUR/JPY reversed from the resistance once again, time to drop?Overview - EUR/JPY has been unable to break the resistance level for the last two weeks but bears have not been able to capitalize on it yet. However, yesterday's drop seems encouraging for the bears. Analysis - From the chart, you can see that, yesterday's daily candle was a big bearish candle with a long wick at the top. So, it is quite likely that price will continue to go down now. Probable trade set-up - I have already published a signal to sell EURJPY@130.50-131 last week. So, if you followed it then continue to hold the trade. New sells can also be executed if price visits the resistance level again. Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be executed only if it meets the required criteria.
Short
by MarcellusLUX
9
** EURJPY ** that makes it 2 out of 2 for EJ Morning all, happy tuesday. The entry price, stop loss (in pipettes) and take profit are shown on the chart itself. Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress. My name is Al, I'm 40 and from the UK. I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can. Any questions, feel free to drop me a direct message if I can help. These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too. This is all for information and education. Have a great day, Al. 🙂 PS. Check my other 'Related Ideas' too.
Long
by AL-1-
EUR/JPY approaching potential reversal zone.Overview - EUR/JPY is in an uptrend for a long time now. But, price is finding a lot of resistance at the 130.50 area. Despite that, reversal is elusive so far. Let us analyze and find a possible sell entry for EUR/JPY sellers. Analysis - From the chart, you can see that EJ has not been able to break the 130.50 barrier for the last 7-8 days. So, a reversal might happen soon. The area between 130.40 to 131 is the PRZ where we can execute sell trades if there is bearish price action. Probable trade set-up - Based on this, if there is bearish candlestick formation in the PRZ, sell entries between 130.40 to 131 with SL above the PRZ and TP at 128.25 is a possible sell signal. Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be executed only if it meets the required criteria.
Short
by MarcellusLUX
10
EURJPY SELL | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis for this pair. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity EURJPY . I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗
Short
by BULLSS1993
10
EUR/JPY Trade set-up, sell the double topOverview - EUR/JPY has reversed from the double top at 130.60. So, let us take a look at a possible sell entry which might play out in the next few days. Analysis - As you can see from the chart, 130.60 level is a resistance for EUR/JPY which the bulls could not break previously. Price has reversed from the double top with bearish candlestick formation. Probable trade set-up - Based on the above analysis, selling EURJPY@130.15-130.60 with SL above 131 and TP at 128.20 is a good sell set-up. Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be executed only if it meets the required criteria.
Short
by MarcellusLUX
16