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EUR/JPY: 2 Scenarios, check it out!

960
Hi guys,

New idea regarding EUR/JPY.

2 SCENARIOS according to what is going to happen.

We do not enter with buy/sell-stop orders, this will be done at market price.

It could happen that the setup forms during the Asian session.

Trade with care.

Please like/comment my ideas if you appreciate my work!

Best,

Jesse

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1 Mother candle with so many inside bars = the market is consolidating.

It will find a direction in the next couple of hours.
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H1 price is breaking the range. We wait for a pullback and re-break of the range
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Price must go back inside the range or at least touch the top of it and rebound

สแนปชอต
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In case there is no Pullback, it doesn't matter the trade is cancelled and we find a new setup.
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The pair is pulling back
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Currently trading at 38.2% retracement from the top

สแนปชอต
การซื้อขายยังคงดำเนินอยู่
Buying at these levels
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Targeting: 129.130

สแนปชอต

Off until tomorrow.
Cheers
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Morning guys,

Still in the trade, seems that bulls are finally waking up we have a strong breakout on m5.

Needs to hold otherwise it will reverse and go down.

Let’s see
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2nd attempt to break the range to the upside

สแนปชอต
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As you can see, price respected 127.20% fib extension and closed within the range.

This makes me think that bulls can push that higher, to my target at least.

Wait and see....
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Getting smashed.

Must stay within the range or I will cut the trade and short the pair
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Patience is key !

I think it's gonna make it now, bulls seem to have taken control again...
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สแนปชอต
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Made a new high at 128.950 but pulled back.

Price is still above Fibo and within the range = keeping my trade.

Let’s see where it goes, for the moment it seems not to be clear at all
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Since it broke previously the range with a nice bullish candle and made new highs I am still favoring the upside.

But you know the market decides it all!
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Still holding my bullish view
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The close of the candle on h1 is crucial. Must be above 128.550
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If price doesn’t close in 30 Minutes in the range I will close my trade with a loss and initiate a short
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Must be above 560 at least
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Taking the loss! Flipping to the short side.
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Targeting 161.8% level @ 128.00

We have a H&S pattern and the neckline has been heavily broken on H1.
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The short should enable us to gain 35 pips and thus reducr the loss of the previous trade.
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Ok guys the short compensated nearly entirely the loss on the long.

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