JPY pairs Weekly Outlook and Trade Setups - Page 24

@asuquokelvin - 1 hour ago

I opened two positions on EURJPY.
Entry 1: 175.713
Entry 2: 175.763
both are having the same SL level.
SL: 175.113
I'm not having long bullish expectations on EURJPY like I do on others because EUR has been weaker than JPY this week that's why the selloff has been stronger on EURJPY than other JPYs.
Total risk is 0.25% and profit target is 0.4% and above.

The 0.25% total risk is controlled, especially with EUR showing relative weakness against JPY. Iwatch for bearish continuation and avoid adding exposure unless structure confirms the move, while ensuring the shared stop protects the combined position.

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@asuquokelvin - 1 hour ago

Quoted - nsg_usd

Yeah. I suppose so.
I'm bullish on all of them except USDJPY and CHFJPY because of DXY and CHF.
They've been acting differently from other JPYs including EURJPY but I still keeping an eye on them.
I'm waiting for USDJPY at the 155.23 key support level. I'm expecting it to descend down to the level then I wait for confirmation before I can execute long position on 1hr.

Entry: 155.229
SL: 153.93

Usdjpy reacts closely with dxy base on dxy strength and weakness, because USD it's self is dollar basket against the yen basket so to get the actual clarity is to analyse them differently base on their individual basket strength

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@godspowerdan - 12 minutes ago

Quoted - nsg_usd

I'm still holding AUDJPY
Entry: 110.114
SL: 109.108
4hr Tweezer bottom was formed this morning at the price region giving additional conviction to keep holding the trades.

Audjpy looks bearish to me

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@nsg_usd - 4 minutes ago

Quoted - godspowerdan

Audjpy looks bearish to me

Okay. if it doesn't invalidate a low I'll still hold my positions.
Entry:110.114
SL:109.108

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