On September 24 2024 I posted on social media @AidanFX the EURJPY BUY setup chart. The EURJPY 15 Minute chart clearly shows the pair tapped into a 4 Hour bullish zone (FVG/Fair Value Gap) where price reacted with a bounce higher. Added confluences was the bullish price and indicator divergence pattern forming in the bullish demand zone and price breaking out above the bullish ending diagonal pattern (Red). All these visible patterns combined allowed me to squeeze the BUY/LONG trigger with confidence.
EURJPY 15 Minute Chart September 24 2024 (Entry)
EURJPY 15 Minute Chart September 25 2024 (Targets HIT)
Entered the BUY trade September 24 2024 at 160.25 with stop loss at 159.92. On September 25 2024 EURJPY moved higher to the proposed targets and hit the 1:4RR target at 161.57 where I closed the buy trade for total of +132 pips +4% gain. (Risking 1% on every trade)
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.
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
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