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Eurjyp

EURJPY Setting up for a nice trade to the downside?Hi Guys ! On the technical side, the EURJPY is setting up for a nice reversal to the downside. Based on that keep your eyes on 5min-15h timeframe for your sell setups. Try to catch your trade as high as it possible. There is huge profit to be made (if this pair follows the script) and the trade has a nice reward – risk ratio. Any strong break to the upside will invalidate the setup. The Risk: As trader, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. If you are not comfortable with this trade and your stop loss is to big for your trading account simply just skip it and wait for another one . For analysing the chart and predicting the upcoming wave I use upgraded version of Wave Analysis. This strategy is easy to understand and it is totally without fundamentals ( Don't read the fundamentals it will confuse you). However if you don't over risk and follow the plan than there is noting to lose in this online business. Trade with care ! Thanks for your support
Short
by kristijanslatinsek
Playing The Bullish Flag on EURJPY I cannot resist this sweet plain vanilla technical set up on the monthly timeframe. A bullish flag has formed and I am licking my chops! The reason is because if price breaks out of this formation then we might get some momentum to the topside. Taking the measurement from the length of the pole the reward could potentially be massive, though it may take a while to playout. Last week's candle formation (see Weekly Chart) is a Bullish Engulfing candle, which signals that the bulls have taken a stance and made their presence be known. This candle is a confirmation that we have plenty buyers in the market. They have definitely set the tone as what to expect this trade week. We will face a lot of resistance getting to our long term target of $144.50. All is needed is to monitor and manage trade along the way. Be sure to keep an eye on fundamentals as this can throw off our technical set up. If the trade goes according to plan we may add to our position. I am interested to go long at price point $119-$119.50. Monday's trade day the low printed was $119.18 before finding buyers that pushed the price back up to the $119.50 region. Seeing that price is still within the range here's what I plan to do: Long @ 119.50 Stop: Based on my RR Ratio Long Term TP @ $144.50
Long
by TishKunife
EURJYP BuyI believe the trend has reversed and we are now bullish but have hit a resistance point and should retrace where buyers may take a long position again. I have identified 2 places where you may wish to do a buy either at leg B OR you can decide to wait for market to go lower before buying in again at leg D. My labelled zones are only a rough idea of where i think the market may touch. Decide on your own Entry & Exit. DISCLAIMER Please note that this chart is an opinion based chart only. Please trade at your own risk
Long
by Quinkong
Extreme trader sentiment points to possible GBPJPY downtrendThe Trend Follower Strategy has just sold GBPJPY at 146.813. The system recommends entering this trade at any price between 146.524 and 147.102. The signal was issued because our Speculative Sentiment Index is extremely negative, with a value of 1.573. This suggests that the GBPJPY could be trending downwards.The 14-period Average True Range on a daily chart is 1.154, so the stop loss has been set at 147.967. This stop loss order is a trailing stop that will move down as the market moves down. There is no profit target for this strategy. We expect to be closed by the stop loss.Trend Follower is a trend trading strategy that aims to buy and hold rising currency pairs and to sell short and hold falling currency pairs. The strategy looks to buy when the Speculative Sentiment Index is below -1.5, and looks to short when it is above +1.5. Signal ID: 59383 Time Issued: Monday, 15 October 2018 01:00:16 GMT Status: open Entry: 146.524 - 147.102 Limit: N/A Stop Loss: 147.967 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Short
by FXCM
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