Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
EURJPY is overall bearish trading inside the bearish orange channel and currently approaching the upper red trendline so we will be looking for trend-following sell setups.
This setup now reminds me of my last two sell setups attached on the chart.
EURJPY is forming a channel in red, for the bears to take over and start the next bearish impulse, we need a new swing low to form around the lower red trendline.
Trigger => a momentum candle close below the last major low in gray.
Meanwhile, until the sell is activated, EURJPY cans till trade higher, and the setup will be invalidated if we break above the upper red trendline.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURJPY is overall bearish trading inside the bearish orange channel and currently approaching the upper red trendline so we will be looking for trend-following sell setups.
This setup now reminds me of my last two sell setups attached on the chart.
EURJPY is forming a channel in red, for the bears to take over and start the next bearish impulse, we need a new swing low to form around the lower red trendline.
Trigger => a momentum candle close below the last major low in gray.
Meanwhile, until the sell is activated, EURJPY cans till trade higher, and the setup will be invalidated if we break above the upper red trendline.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.