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EURJPY trade ideas

EUR/JPY: I am a buyer.. Why? Hey guys, Took a trade this morning on EUR/JPY. The reasons are the following: - Resistance was broken and we see strong bullish candles on H1 - Price is above the daily pivot level, above VWAP and looks like it is also forming inside a flag - The top of the flag is also a supply level = resistance I am a buyer and will target 123.850 - 124.00 levels. The R/R ratio for this trade is about 2.3. Check out my previous ideas as well ;) Trade at your own risk
Long
by SwissPips
EURJPY Second Chance: Profit= 570 SL= 114 Reward/Risk > 5:1Second Chance Trade Setup summary: Profit targets= 570 = {TP3= 110 + TP4= 185 + TP5= 275} pip Stop Loss = 114 pip Reward/Risk > 5 : 1 New Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line ( 123.00) again. if so, traders can set orders based on Price Action and expect to reach short-term targets." New Take Profits: TP3= @ 121.90 TP4= @ 121.15 TP5= @ 120.25 SL= Break above 123.38 -------------------------------------------------------------------------------------------------- First Buy Current Status: Total Profit: 757 Closed trade(s): 226 Profit Open trade(s): 531 Profit Trade Setup: We opened 5 Sell trade(s) @ 124.43 based on 'previous Forecast' at 09.16.2020: Closed Profit: TP1 @ 123.60 touched at 09.17.2020 with 83 Profit. TP2 @ 123.00 touched at 09.21.2020 with 143 Profit. 83 + 143 = 226 Open Profit: Open trade is 122.66(current price) - 124.43 (open price) = 177 3 trade(s) still open, therefore total profit for open trade(s) is 177 x 3 = 531 Technical analysis: . EURJPY is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 26. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_ME
4
Bear Flag - SellPrice has formed a bigger bear flag pattern. Hence waiting for the pattern completion and would be nice if it could form a ascending channel as well inside the pattern so that it gives me double confirmation that it is expected to go short more impulsively. Thank you to all those who have sent me private message and been following me. Hope you have understood how simple it is to trade forex with out any support/resistance lines or lagging indicators. And started to earn good profits as I have told you on what to do. Please Note: Just knowing the direction of the next move will not help being profitable. There is a lot more to it with regards to the entry technique and successfully managing the trade after entering the trade. Comment below / DM me in case if you need to know how to do it if interested.
Short
by jetly232
Don't miss the great sell opportunity in EURJPYTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (124.45). 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 downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 55. Take Profits: TP1= @ 123.75 TP2= @ 123.30 TP3= @ 123.05 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_ME
8
Don't miss the great sell opportunity in EURJPYTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (124.43). 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 downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 27. Take Profits: TP1= @ 123.60 TP2= @ 123.00 TP3= @ 121.90 TP4= @ 121.15 TP5= @ 120.25 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_ME
15
Don't miss the great sell opportunity in EURJPYTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (126.68). 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 downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 52. Take Profits: TP1= @ 125.95 TP2= @ 125.35 TP3= @ 124.30 TP4= @ 123.00 TP5= @ 122.35 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_ME
5