EURJPY is trading inside a well-defined uptrend channel on the 1-hour timeframe.
We see a rising lower trendline supporting price action and a flat upper line acting as resistance.
This structure indicates clear bullish order flow and institutional buying pressure pushing price higher.
Currently, price has moved above the recent highs but may retrace to test the consolidation zone.
That consolidation zone is a key support area where buyers previously absorbed selling pressure.
Such zones act as liquidity pools and are ideal spots for well-timed entries.
Trading Plan:
1.Wait for price to pull back into the consolidation zone.
2.Watch for a bullish confirmation candle (engulfing or pin-bar) to confirm buyers stepping in.
3.Enter long only after confirmation to avoid false breaks.
4.Set stop-loss below the consolidation support for controlled risk.
5.Hold trades toward the upper channel resistance, using the channel to define realistic targets.
Key Points:
1.Don’t force trades while price is between levels.
2.Let structure guide you: respect channel support and resistance.
3.Focus on confirmation to stay on the right side of the move.
4.This strategy aligns with the dominant bullish trend, reducing risk of counter-trend losses.
Like, comment, share, and follow for more trade ideas.
We see a rising lower trendline supporting price action and a flat upper line acting as resistance.
This structure indicates clear bullish order flow and institutional buying pressure pushing price higher.
Currently, price has moved above the recent highs but may retrace to test the consolidation zone.
That consolidation zone is a key support area where buyers previously absorbed selling pressure.
Such zones act as liquidity pools and are ideal spots for well-timed entries.
Trading Plan:
1.Wait for price to pull back into the consolidation zone.
2.Watch for a bullish confirmation candle (engulfing or pin-bar) to confirm buyers stepping in.
3.Enter long only after confirmation to avoid false breaks.
4.Set stop-loss below the consolidation support for controlled risk.
5.Hold trades toward the upper channel resistance, using the channel to define realistic targets.
Key Points:
1.Don’t force trades while price is between levels.
2.Let structure guide you: respect channel support and resistance.
3.Focus on confirmation to stay on the right side of the move.
4.This strategy aligns with the dominant bullish trend, reducing risk of counter-trend losses.
Like, comment, share, and follow for more trade ideas.
Trade active
EURJPY – Trade UpdateEURJPY is moving nicely toward our target as planned.
Congratulations to all my followers holding this trade.
Stay patient and manage your positions carefully as we approach the target zone.
Like, comment, share & follow for more trade ideas.
💲𝗙𝗢𝗥𝗘𝗫 < 𝗚𝗢𝗟𝗗 > ₿ 𝗕𝗧𝗖 || Real Trades, Real Results 🧿 || 🚨 VIP Signals {My Personal Entries} 🔗Join Telegram – Trade smarter
t.me/JosProTrader
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Related publications
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.
💲𝗙𝗢𝗥𝗘𝗫 < 𝗚𝗢𝗟𝗗 > ₿ 𝗕𝗧𝗖 || Real Trades, Real Results 🧿 || 🚨 VIP Signals {My Personal Entries} 🔗Join Telegram – Trade smarter
t.me/JosProTrader
t.me/JosProTrader
Related publications
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.