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Eurjpyanalysis

EURJPY | Perspective for the new weekIt has been a choppy situation for EURJPY since mid last year as the price keeps juxtaposing between JY128 and 132.5 zones to emphasize the indecision in this market. With a very simple set-up floating on my screen right now on the 4H time frame, my expectation going into the new week remains bullish considering the rejection of the JY128 level which has a strong memory for buying power (see daily and weekly time frame). Tendency: Uptrend (Bullish) Structure: Supply & Demand | Trendline | Reversal pattern (Breakout) Observation: i. A visual representation of a trend after connecting a series of prices with a line drawn over pivots highs shows the prevailing direction and speed of price in the last 2 weeks. ii. Price action came back to the JY128 level during last week's trading session and was immediately rejected resulting in the appearance of bullish engulfing candles that broke out of key level on Friday to set the tone for another possible bullish wave in the coming week(s). iii. I look forward to the breakout of the bearish trend line to confirm the buyer's strength. iv. The early hours/days of the new week might see a drop in price into the key level or new demand level identified around the JY129 area to incite a Trend continuation. v. Hence, above the key level at JY129.350 remains a comfortable level to take a long position on this pair... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 300 pips. Risk/Reward : 1:4 Potential Duration: 3 to 8days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
EURJPY : TRADE IDEAfundamental : - risk tone between Ukrainian & russian - us sanction on russia will effect Europe’s energy, trade, manufacturing, banking and markets technical; - waiting for 128.415 level to break - Any fall below that level could be an opportunity to go long on the yen. My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. Like and subscribe and happy trading to all
Short
by mytw0cents
EUR/JPY Short Trade UpdateHey Guys! As you guys know the current weekly bias on the Eur/Jpy is short. Or in other words, price is likely to reach 133.68 before reaching 114. 40 . In this video, I explain the short position I'm currently holding and the reasons why I took the entry, as well as how I plan to trade this set up in the coming weeks. Moreover, I review how I have been trading this short set up for the last couple of weeks. That's it! I'll keep you guys updated! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Short
by TradingForexPriceAction
1
Price Action Lesson: The Basics of How to Read PriceHey Guys! Just wanted to put up a quick Price Action Lesson on How to Read Price. I demonstrate this foundational element of reading price with a current eurjpy short trade I'm currently in. The Key point of the lesson is simply: Directional movement of price is irrelevant when it comes to reading price. What's important is "How Price Gets from Point A to Point B". So even if price moves up, if there is no signs of strength in the same direction, that move up will be unsustainable. Moreover, this foundational way of looking at price movement is what allows a trader to always be one step ahead of the market and thus not chase the market. Ok! I hope this helps guys! Have a great day! Ken Disclaimer: This is not Personal Financial Advice.
Education
by TradingForexPriceAction
1