Eurjpytrade
EURJPY potential for 300 pips move to the upsideOkay traders,
We have seen a recent push up on EURJPY pair and it has broken the trendline. The pair pulled back and retested the support already and showing bullish signs which suggest we might as well see another leg of bullish run and this time it should aim for the upper resistance level.
As there's plenty of pips we are talking about hence it is prudent to open 2/3 smallest lots and close each trade on 100 pips. (IE 1st trade close at 100 pips, 2nd trade close at 200 pips & 3rd one close at 300 pips to avoid disappointment. In Forex, thing always doen't play out the way we want but we can take advantages when thing fall in places.
Once it reaches 100 pips, the trader should move their stop loss to entry position to enjoy risk free trade.
Let me know your thoughts.
Trade safe and good luck.
EURJPY short for 220 pipsGood trade this. Price action pushed up to a major level with a bearish engulfing candle printed on the 4h chart. RSI also overbought position. We might see a double top but yes, it looks a good shorting opportunity.
Please have patience on this trade and there are plenty of pips.
Let me know your thoughts.
Trade safe and good luck.
EURJPYTime = 1H
– Structure = Downtrend
– Pattern = Head & Shoulders
– Tendency = Downtrend
** Await market for Neckline breakout
Time = D
– Structure = Downtrend
– Pattern = Downtrend channel
– Tendency = Downtrend
** Above Chart indicated with Heikin Ashi FOR CLEAR VISION
GOOD LUCK
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Disclaimer: Forex trading and trading in other leveraged products involves a significant level of risk and is not suitable for all investors.
EURJPY M30Let's see exactly how price interacts with the rectangle, I'm betting there's a drop inside, trade with your choice of LTF bar formation.
EURJPY - Triagle & Flag Breakdown Re-test or a Fakeout???On the monthly timeframe FX:EURJPY is showing the restest from recent breakdowns.
However, one should wait for reversal.
EURJPY 400+ pip Setup The long term trend is down, but we can expect small pullback from here as the price is almost at the weekly reversal mark
EURJPYTime = D
– Structure = Uptrend
– Tendency = Uptrend
GOOD LUCK
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DISCLAIMER: This is NOT an Investment Signal, Trade at your Own Risk.
EURJPY - look out for this pattern forming on the weekly chart. Im expecting EURJPY to make an inverted H&S before more upwards.
For now i will be looking for entry once broken trend line towards the neckline of the potential inverted H&S before next leg down to form the right shoulder before for more upside.
Will update the chart as the day goes. trade safe.
EURJPYprice nearing a strong key area. watch out for price action on this area and look for possible short entries for continuation of downtrend.
EUR/JPY: Sell on the break of the mini channelThe price reached an important descending trendline and showed signs of rejection. Wait for the price to break the mini channel on the 1-hour chart to enter a short position.
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EURJPY. Does resistance level stop growth?Hello dear subscribers!
The price of Euro will rise to the level of resistance,
because it is supported by the uptrend line.
The price will continue to grow,
but there will be a correction.
Good luck to you!
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This idea does not provide the financial advice.
EURO STRENGTH AGAINST NIPPON?1. Good RR
2. EMAS trending in a bullish pattern
3.Price action off the structure
4. RSI strong movement upwards
5. Respected trend line
6. Hourly chart price action also signals strong bullish bar and good bullish price action
7. Hourly chart TDI signals strong momentum
