Hi all! EJ is looking INTERESTING! The pair collected Imbalances from the crazy drop back in Dec 2022. I have had this POI marked for a long, long time! I will monitor LTF and wait for CONFIRMATION, then enter A SHORT POSITION.. Take care!
OANDA:EURJPY Took a short in between 2 JPY news release. Original TP was 15pips, moved SL tight to +1 Stopped out before price action hit original TP Oh well, the market makers stop-hunted my stops, I was their big fish to take out, LOL I'm ok with it, play it safe, trade management is the name of the game. Ill get it next time. Trade well
Bias: Open Market Cycle: n/a Similar to the PA on GJ, my instinct suggests we are going long, even if it's for a short time only. Notice the wick rejection from the 4h FVG, we certainly now have buyers in the market.. Potential backside trade over 142.900, but be mind-full of the round no KL of 143.00
I have analyzed the currency pair of Euro/Japanese Yen (EUR/JPY) and determined that it is currently showing an upward trend based on a technical analysis of the currency pair. First, let's examine the overall trend. Over the past six months, EUR/JPY has shown a steady increase, with the pair trading above its 50-day moving average and 200-day moving average....
EJ bias in higher timeframes is still bullish and here we get a nice consolidation leading to a breakout candle at the start of our shift. Price is aggressively drawing down but unfortunately the trade is already set. The process is being followed correctly and this position meets playbook criteria so the trade must play out. Going for 2R on this one
Price continues the technical uptrend and we had a major reaction from EU at the 618 fib level. Lets see if EJ follows
Hi Traders A possibility price might drop back to the 141.2 area. Entry Price: 142.6 Target Price: 141.2 Hit the Boost and Follow me if u agree. Trade Safe! Thank you.
Money is trapped on either side of the range, we identify a pattern in which the probability of covering risk at 2R is likely and could be quick so it'll be tested out. The potential upside is also nice but regardless if price violates either zone, strategy should be to try to catch a retest for a trend move
Short bias on Euro. Expecting a move higher at the start of the week and then an aggresive move lower after CPI on Tuesday. Keep an eye on these specific levels.
Hi Traders, A possibility that price may rally up to 142.9. For entry i will wait for price to bounce of 140.4. Entry Price: 140.4 Target Price: 142.9 Hit the Boost and Follow me if u agree. Trade Safe! Thank you.
EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Looking bearish on EJ with some dramatic swings in both directions as of recent. Going into this week we want the bearish trend to continue but we need to see more clear price action. Ideally, price action slows down and shows us clear rejection from 140.750....
Hi Traders , A possibility for Euros to push price up. With confirmation, i will look for buying entry at the 139.4 area. The trend line have been tested a few times, if this move breaks it. This will be a nice entry. Entry Price: 139.4 Target Price: 145.0 Hit the Boost and Follow me if u agree. Trade Safe! Thank you.
The market have changed it's overall direction to bearish. We shall be looking to enter a sell on the optimal area.
Price is on a bearish continuation pattern and almost at the resistance zone, but notice that I want price to take out the highs of the week and then sell to 138.800
EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking majorly bearish on EJ going into this week as we just saw a break of our 140.750 support. The most likely scenario is price action forming a lower high below 140.750 which we can enter short on. Trade scenario 2: If we want to consider EJ...
EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bullish Trade scenario 1: Looking newly bullish but we still have to get through key resistance at 145.000 to confirm the new 4hour trend. Going into this week we want to look for reactions from 145.000 as it is the zone that is holding the daily trend. If we break above, look for a...
Hi Traders, Price has the possibility to push upwards to 146.4 respecting the uptrend channel. Target price: 146.4 Thank you and trade safe! Follow and drop a boost if you like this idea.