EURJPY Possible Setup | Sept 19, 2022 | [Shark] - FreeForexCoach.com - normantione2000

I am pleased to join the team, have my first analysis on the eurjpy possible setup and grow with you every. Your valuable comments will always be appreciated.

Before I begin my set-ups, it's best that I share with you on how I trade. Personally I am a wave bargainer and often use deal patterns to decide connected whether to take trades and when.

There are a few rules we will be using in our daily journey . At a lower place are the rules

1. Structure drawing (draw trend lines along past price chart data)
2. Pattern identification
3. Early indication (reading index number for future wave)
4. The Future roll (drawing of the future wave exploitation future indication from indicator
5. Future reversal point (identify points where the pattern can reverse)

Now onto our 1st analysis on the EURJPY Possible Setup. I wish adjudicate be As clear as possible starting from the highest time-frame to the shortest time-frame.

EURJPY Possible setup – Daily TF

The eurjpy  pair is at the big top looking the approach pattern and the confirmation from the MACD. The match has been highly overbought and the sellers might be kicking in any time soon.remember we used the term "might".

4 HR TimeFrame

The 4 hours graph is more clear that the sell is advent shortly.

Withal before marketing lets look for a trend continuation pattern before taking the deal out. Recall to also encounter reasonable run a risk to honor ratio and ne'er trade without stops.

Forbearance is besides very key to success since we cannot move the markets.

Deal lower time frames ahead entering the trade. Put on't just mouse click sell.

I am departure to redundant scads of my time to focus on how we are to draw the veer lines and the identification of the patterns in the next article.

The trend lines solely act as reference points and must never be used to take trades without past consideration of the rules. I will too focus on making the charts more than take in because I acknowledge they are cloudy in the current post.

Your comments on the topics you would love us to cover will be highly appreciated. Positive criticisms is also rattling important to ME as it allows ME meliorate Eastern Samoa I improve the lives of others.

All that said,Thank you for the warm welcome to the team. Lets grow collectively. We have our whole future to make win so lets be patient and non greedy.

Let America commend this is a eurjpy manageable frame-up and trades should only be condemned at the completion of the correction at the end of the first impulse. I will constantly keep on updating the pairs advancement and leave subsequently update you in case our view along the pair changes.

Merchandise with care and good fortune.

Don't trade on a Scheme that you bash not understand.

Best regards,

The Shark.

Source: https://www.freeforexcoach.com/eurjpy-possible-setup/

Posted by: normantione2000.blogspot.com

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