EUR/JPY technical analysis
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EUR/JPY ™ Pattern on Daily
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The success ratio is 86 %.
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Intraday target is 143.28.
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Three positions opened.
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The ATR is 178 pips.
D1 Chart EUR/JPY
1. Pin bar low.
2. Higher high.
3. Pinbar with higher low.
4. Pandemic pattern.
5. Swing target.
The EUR/JPY has been very volatile lately as we have 178 pips of the ATR range. The market is also bullish as we can spot a pandemic pattern on Daily timeframe. The success ratio or w:l ratio has been 86 % for the last 2 years of my proprietary Pandemic pattern ™.
The Pandemic pattern is my proprietary pattern that I teach on my MEGATREND course. It has given us 3 entries today. The first 141.95 followed by 141.20 and 141.25. Targets for the move are 143.28 followed by 144.12, 145.20 and 146.40. Total risk is 2 %. We need to manage positions according to pivot levels by closing or moving SL in profit. Have in mind that successful trading is based on good risk management and the accuracy of trades. R:R is just a bonus.
This analysis, the Pandemic trade and all entry signals and targets are a part of the Megatrend system and a trading course. I am maintaining 3 long trades on the EUR/JPY. My Telegram group received 3 EUR/JPY signals as a part of the trading method. Watching the daily time frame for this trade, and It has been qualified as an intraday trade with protection of profits by moving SL in profit at the intraday and intraweek levels.
The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.
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