JPYEUR trade ideas
EURJPY 4HR PROJECTIONWe can also see EURJPY in a bullish move .This is a good opportunity to buy at current price and have good R:R of 1:2.5 and may be even more after the price retest at above Support level.
H4 TA Update: Profit=1250 pip SL=350 pip Reward/Risk > 3.5 : 1Trade Setup summary:
Profit targets=1250 pip (85 + 135 + 240 + 350 + 440)
Stop Loss =350 pip
Reward/Risk > 3.5 : 1
Current Status:
Total Profit: 140 pip
Closed trade(s): 0 pip Profit
Open trade(s): 140 pip Profit
Trade Setup:
We opened 5 BUY trade(s) @ 119.8 based on 'previous Forecast' at 2020.06.20 :
Open Profit:
Profit for one trade is 120.18 (current price) - 119.8 (open price) = 38 pip
5 trade(s) still open, therefore total profit for open trade(s) is 38 x 5 = 140 pip
Technical analysis:
.Price rejected from Uptrend (#1) and built a Hammer.
.A Head & Shoulder is taking shape; if price can break above Neckline, we expect to rich all of our targets.
. EURJPY is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (119.8) again. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Take Profits:
TP1= @ 120.65
TP2= @ 121.10
TP3= @ 121.10
TP4= @ 123.30
TP5= @ 124.44
SL= Break below S2
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EUR/JPY- SELL- CONTINUATION - DOWNTRENDLOOKING AT EURJPY YOU CAN SEE WHAT BEEN IN A VERY LONG TERM DOWNTREND WE CAN SEE ON THE CHART WE HAVE STARTED TO MAKE LOWER LOWS,LOWER HIGHS MEANING WE ARE IN A VERY NICE DOWNTREND
WE CAN SEE ON THE CHART THAT WE HAVE COME BACK UP TO THE TREND LINE AND WE CAN ALSO SEE THAT WE HAVE SEEN PRICE SLOW DOWN ONCE WE GOT TO THE LEVEL OF THE TREND LINE MEANING POTENTIAL SELLS
REASONS TO SELL EJ
61% FIB RESPECTED SHOULD DROP TO PREVIOUS LOW
4TH WAVE COMPLETED NOW WE ARE GONNA SEE SOME BEARISH MOMENTUM TO COMPLETE WAVE 5
DOWNTREND CONTINUATION
TAKE PROFIT IS IN BLUE ZONE THIS IS A NICE REGION TO START LOOKING TO EXIT THE TRADE
SELL EUR/JPY
ENTRY: 120.300
SL:120.500(20 PIPS SL)
TP:118.500(200 PIPS TP)
RISK TO REWARD 1:10
IF WE BREAK ABOVE 120.500 LEAVE THE TRADE AND WAIT FOR ANOTHER SET UP
TRADE AT YOUR OWN RISK
Don't miss the great buy opportunity in EURJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (119.80). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURJPY is in a downtrend and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 120.520
TP2= @ 121.170
TP3= @ 122.100
TP4= @ 122.940
TP5= @ 124.440
SL= Break below S2
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Your Girl wont go down on u, but EURJPY willAbout me:- This is your own scammer demo trader who lived in the stone age era & gained immortality by slaying a Ninja Dragon & his unicorn friend about 2.6 million years ago, then the ninja dragon's master challenged me to fight him for his time travelling rainbow coloured shining sword & his rented Ferrari, of course after beating him as well I used his travelling sword along with rented ferrari came down here in the modern age of 2020, sold his ferrari and managed to gather some money for this trading.
Disclaimer:- Don't Listen to me, I'm not a financial advisor
EURJPY - LONG "Falling wedge pattern"Price is at a KL area and has formed a falling wedge pattern which is suggestive of reversal soon.
Will wait for the 1st correction and then enter LONG (this is confirm my bias of LONG as valid and act as an added confluence)
The 2 corrections are:
Forming a hover below the TL or above the channel
EURJPY likely to go further short as Yen is gainingEURJPY is currently going short and is likely to go further short at least till the marked line below Support (S1) point. This is due to Yen gaining the price momentum
market have broken a structure lowmarket made a reversal pattern and we look for a sell opportunity near structure low
chart analysis update LIGHT GREEN-DAILY SUPPORT/RESISTANCE
LIGHT YELLOW- DAILY ZONES
PURPLE-SUPPORT/RESISTANT 4 HR
DARK BLUE- MONTHLY TREND-LINE
DARK GREEN- 4 HR ZONE
