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Eur-jpy

EURJPY BUY ALERT FROM YESTERDAY CURRENTLY AT + 2.8% / 120 PIPS !EURJPY IDEA POSTED YESTERDAY: TP1 HIT + 41 PIPS TP2 HIT + 83 PIPS RISK FREE AND LET IT RUN ! OUR STRATEGY EXPLAINED: The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
Long
by RossTyler
1
EURJPY SELL ALERT ! *BUY CLOSED FOR +1.69%* !!EURJPY BUY POSTED COUPLE DAYS AGO HAS NOW CLOSED STRATEGY HAS NOW PRINTED A SELL ALERT ! 1.69% BASED ON 1% ACCOUNT RISK. OUR STRATEGY EXPLAINED: The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
Short
by RossTyler
EURJPY testing a daily resistance 🦐EURJPY on the daily chart has bounced over the lower trendline of the ascending channel around 123.200. The price then started a new impulse and now testing a daily resistance at 124.400. IF the market will break and close above we can set a nice long order according to Plancton's strategy. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
4
EURJPY SELL CLOSED (+2.3%), BUY NOW OPEN !EURJPY SELL ALERT POSTED COUPLE DAYS AGO, NOW TIME FOR THE BUY ! THE SELL BANKED +2.3% BASED ON 1% RISK. OUR STRATEGY EXPLAINED: The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
Long
by RossTyler
1
EURJPY 4hour Analysis October 18th, 2020EURJPY Short Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bullish Trade scenario 1: On the daily timeframe we are very bearish and have seen good bearish volume. With this in mind we will be looking for short opportunities first. Look for a break and retest of 123.000. Enter on a lower high below this zone and target lower toward key support. Trade scenario 2: For us to consider long opportunities we want to see a break and retest of 124.500. For price action to change our bias we need to see a lot of bullish volume and a significant level of resistance needs to be broken. Enter on a higher low above 124.500 and target key resistance levels.
Short
by ForexLeague
Observing upside potential on EURJPY as 123.5 level holdsWe're currently monitoring two key levels. Over on the 4-hour time frame, the lower 123.105 level held up as price made a stronger bullish move to the upside. While entering on that level seemed premature, the price drift to the higher 123.5 level is a good indication that selling pressure remains rather weak. If the price drift holds above this latest level on the open, there could be a potential long entry here. Here's a closer look at the price drift: Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.
Long
by FinancialGamblR
Weekly FX Wrap: markets still hooked on Brexit saga...Weekly FX Wrap: markets still hooked on Brexit saga and gripped by pandemic DXY The Dollar remains on track to post solid safe haven gains vs G10 counterparts and most EM currencies, bar the YUAN that has resumed its upward trajectory with the aid of decent Chinese data and PBoC support via an aggressive reduction in the RRR for FX Forwards and forecast for a more pronounced GDP rebound in Q3. In response, the Cny and Cnh have both rebounded firmly from sub-7.7600 territory to around 6.6900 irrespective of more geopolitical, diplomatic and trade tensions between Beijing and various global peers. Back to the Buck, failure to resolve differences on US fiscal stimulus and polls pointing to a more convincing Biden victory vs Trump in early November with potential for a so called Blue clean sweep, have not hampered the Greenback for more than short, intermittent periods, while data has been mixed overall (benign CPI, firm PPI, bumper retail sales and feeble IP). Indeed, the index is midway between 93.910-005 parameters having tested both sides of the range several times and the principle factor keep the Dollar in demand is the more acute resurgence of COVID-19 spreading across Europe. GBP Sterling is still one of, if not the most volatile major, and largely at the whim UK-EU trade headlines that arguably reached new heights and frequency on ascent to the (mainly) Brexit Summit, with negligible slowdown in the pace or regularity in the aftermath. In short, UK PM Johnson was adamant that October 15 was the deadline to reach a deal or make meaningful progress on the 3 big issues at the very least, but a draft on Day 1 revealed shortcomings and crucially no breakthrough on fishing, and officials from both sides proceeded to lay blame for the lack of compromise on one another. Nevertheless, UK chief negotiator Frost and his EU equivalent Barnier saw enough grounds to extend talks further and the former met with Johnson to convince him to continue discussions, but evidently with only a degree of success as the PM subsequently declared that a Canada style deal will not work for Britain’s partners and its time for the nation’s businesses to prepare for the Australian version of an FTA that equates to no deal at all. But the drama did not stop there, and more episodes are in production as Brussels believes Johnson has not walked away from talks altogether even though a spox for Downing Street contends that negotiations are over and Barnier should only return to London next week if he and the EU are ready to fundamentally change stance and prepared to discuss all elements regarding a legal text or the practicalities about travel and haulage. Meanwhile, reports circulated that the EU may dangle energy as a carrot or rod to prize some leeway/flexibility from the UK on fisheries. Cable is currently circa 1.2930 within a 1.3082-1.2864 range and Eur/Gbp around 0.9065 compared to 0.9121 and 0.9008 at either end of the spectrum. AUD/NZD Aside from tracking broad risk sentiment and gleaning some consolation from a jobs report that was not as weak as expected, the Aussie has been undermined by RBA policy guidance from Governor Lowe all but signalling a 15 bp rate cut at the November meeting and latest curbs or bans on exports to China. On that note, Beijing imposed more stringent supervision on thermal and coking coal, while informing mills to stop importing cotton that could have a tariff of up to 40% slapped on. In response, Aud/Usd is hovering near the base of a 0.7248-0.7057 band and Aud/Nzd closer to 1.0704 than 1.0859 as the Kiwi managed to hold up a bit better than its Antipodean neighbour on cross tailwinds to large extent, but also an acceleration in NZ’s manufacturing PMI. Nzd/Usd is just above 0.6600 awaiting the outcome of weekend elections. EUR/JPY/CAD/CHF All taking leads from the general market tone and related moves in their US rival, though the Euro also had a somewhat disappointing ZEW survey to digest alongside the worrying rise in coronavirus cases that has reached new record levels in some of the bloc’s member states. Eur/Usd is barely maintaining grip of 1.1700 vs 1.1690 at worst and 1.1826 at one stage, in keeping with the Loonie clutching at 1.3200+ compared to 1.3259 and 1.3099 at best on return from Canada’s Thanksgiving holiday and before crude prices backtracked and manufacturing sales missed consensus. Elsewhere, mixed fortunes for the non-US Dollar safe havens, Yen and Franc, as Usd/Jpy traded towards the bottom end of a 105.86-05 corridor for the most part amidst dovish BoJ rhetoric, but Usd/Chf only veered under 0.9100 briefly to 0.9088 and was more active either side of 0.9150 before reaching an apex on Friday at 0.9163.
Short
by FTUKcom
3