Hello traders. EURJPY has been consolidating this whole week. We have finally gotten a breakout, but we need more confirmation before entering into the market. What we want to be careful about right now is avoiding a false breakout. So, following the bullish candle from Friday, let us see if this week we will see some follow through.
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There is some tension seen on EURJPY 4h time frame. I estimate probability for the south. Of course, there is another probability for the north.
I'm already short on a live account. This is not a recommendation.
Watch video to get explanation as to why I believe market is headed down further. First video demonstration so need some getting used to.
DISCLAIMER;
Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and...
This is shared experience, on how curves can be exploited. It requires much experience timing and trading management.
Curves don't rule the markets - obviously. The markets will do their own thing. Generally though, there are some probabilities that emerge, which can be exploited.
Here is my top-down analysis for EURJPY and the short bias I have for the rest of this week! Like always leave your thoughts and questions somewhere or contact me. I always love to get better at trading and knowing that this is helping someone so LOVE YOU ALL and have a smart and strategic trading week...
Contact me at:
-Instagram: @krystianstreit
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Video Contents:
How I use the same concepts over and over to setup my watchlist each week (forex, indices, commodities, metals, crypto)
* I focus on finding high-probability trade setups with good risk to reward
* These setups can be either trend reversals or trend continuations. The actual direction of the setup doesn't matter
* What does matter is WHERE on the...
