On July 12 and 13 2023, I posted 2 separate EURJPY buy trade setups on social media @AidanFX . July 12 2023 1st BUY entry (Green) “LONG/BUY EURJPY at 153.75 Stop Loss at 153.35 Target at 154.55 (1:2RR) 154.95 (1:3RR)” and July 13 2023 2nd BUY entry (Blue) “LONG/BUY EURJPY at 154.32 Stop Loss at 154.07 Target at 155.32 (1:4RR) 155.57 (1:5RR).”
Trades were taken based on demand zones, market structure and the current EWF Elliott Wave count.
EURJPY 5 Minute Chart July 12 2023 (1st BUY Green Entry)
EURJPY 15 Minute Chart July 13 2023 (2nd BUY Blue Entry)
On July 14 2023 the 1st EURJPY BUY entry (Green) at 153.75 tagged the proposed 1:3RR Target and extends higher to hit the 1:5RR target at 155.75 for +200 pips (+5% gain) and 2nd EURJPY BUY entry (Blue) at 154.32 hits the proposed 1:5RR Target and extends higher to the 1:6RR target at 155.82 for +150 pips (+6%) for a combine total of +350 pips and a combine total +11% gain risking 1% on each individual trade.
EURJPY 15 Minute Chart July 14 2023 (Targets HIT)
A trader should always have multiple strategies all lined up before entering a trade. Never trade off one simple strategy. When multiple strategies all line up it allows a trader to see a clearer trade setup. If you followed me on social media you too could have caught the EURJPY move higher. We at EWF never say we are always right. No market service provider can forecast markets with 100% accuracy. Only thing we at EWF 100%, is that we are RIGHT more than we are WRONG.
Of course, like any strategy/technique, there will be times when the strategy/technique fails so proper money/risk management should always be used on every trade. Hope you enjoyed this article and follow me on social media for updates and questions> @AidanFX
At Elliottwave-Forecast we cover 78 instruments (Forex, Commodities, Indices, Cryptos, Stocks and ETFs) in 4 different time frames and we offer 5 Live Session Webinars everyday. We do Daily Technical Videos, Elliott Wave Trade Setup Videos and we have a 24 Hour Chat Room. Our clients are always in the loop for the next market move.
Try Elliottwave-Forecast for 14 days !!! Just click here –> 14 day trial
Back
