GBPJPY Buy Next Week (300+ pips)Condition:-
1. Daily Channel Formation
2. Support and Resistance
3. Demand and Supply
4. M Formation
5. COT data - 1.EUR ⬆️ 2. JPY ↕️
ENTRY:-
1. Enter on 4hr timeframe
2. follow the analysis
ALL THE BEST!
Eurjpylong
EURJPY ShortEURJPY Short
Risk/Reward: 1:3
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Happy Trading 😊
EURJPY LongEURJPY Long
Risk/Reward: 1:4
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Thanks 😊
More downside possible Reasons for trade-
1: Risk Reward 1:3 and 1:5
2. Price broke major consolidation level of 130.60 after 8 days and now returning towards that level
3.Price has created lower high and lower low on 4 hour chart which is confirming downtrend for upcoming days
4.Price closed below major daily support of 131.700
5. Prerequisite for trade is bearish candlestick pattern near trigger level
EUR JPY BUYEUR JPY BUY
REASONS ARE HERE
1. RESPECTED TREND LINE TREND
2. STRONG DEMAND AREA IN FUTURE
3. HIGH TIME FRAME CONFORMATION WITH STRONG DEMAND AREA
EURJPYCurrent Trend Up
TG1 = 126.419
TG2 = 126.614
TG3 = 126.832
For Short Reverssal
TG1 = 126.140
TG2 = 125.929
EURJPY : BULLISH TRIANGULAR WAVEGo long at current levels keeping the mini stop loss below the level of wave-c that is 125.900. The target zone for the structure is 127.200
EURJPY Long IdeaHeya! all here is my bias for EJ, as I shared before (already link the my idea down there) now I'm looking for longs.
EURJPY Short and Long IdeasEJ is in a downward channel currently, I've mark possible opportunities for the shorts as well as for longs.
Please support me by liking the idea and also if you think the same.
Happy Trading Folks
EURJPY LONG 1 HRLooking a good opportunity on buy side.Ensure that you use proper risk management with given Stop Loss .Please feel free to Message me for your account growth and profitable trades. Account management is offered .Thank you.
Opportunity to long EURJPY Trading suggestion:
There is a possibility of the uptrend. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
EURJPY is in a range bound and the beginning of uptrend is expected.
The price is above the 50 & 200 EMA.
The RSI near 50.
Take Profits:
TP1= @ 123.595
SL= 122.838
Risk reward ratio = 1 : 1.23
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EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=118.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=118.7.
TP4: R2=119.15.
Set the stoploss of these orders at breakout of S2=117.8.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=117.8.
In this situation, there is an expectation to reach the target S3=116.95.
Set the stoploss of reverse orders at breakout of S1=118.
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EURJPY Buy setupEURJPY it is forming a Descending channel pattern if it breaks above then will go for long position
EUR/JPY Technical analysisFrom our analysis It breached the long time resistance & also @0.618 fibo support which targets the next expected price @131.852
