On March 16 2025 I posted on social media @AidanFX the EURJPY BUY entry with the 5 minute chart. The chart illustrated for traders that price and indicator oscillator formed and terminated a bullish divergence pattern (Red) in a bullish demand zone (Gray box) signalling a move to the upside. The pair pushed higher above the breaker block (Purple box) then quickly retraced lower and re-entered the bullish breaker block. This is when I posted on social media the buy entry with stop loss and target. Seeing all these bullish signals play out in real time allowed me to entered the LONG trade with confidence.
EURJPY March 16 2025 Buy Entry
EURJPY 5 Minute Chart March 16 2025 (Entry)
EURJPY 5 Minute Chart March 17 2025 (Target Hit)
Buy trade entered on March 16 2025 at 161.75 with a 20 pip stop loss at 161.55. EURJPY moves higher and on March 17 2025 the 1:3RR proposed target at 162.35 hits and is where I closed the buy trade for +60 pips and a +3% 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
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
