EURJPY Signal (look at the risk reward ratio on this trade)

buy sell forex

Hey traders, hope everything is well so far this week.

We dont have a ton of fundamental releases this week… some traders say that’s a good thing, and some other traders dont like the idea (they like more volatility).

From my point of view… I like it, because the market makes clearer moves, yes, sometimes it doesn’t move that much… but those moves are driven by the sentiment of the market… not by the lure of fundamental trading…

Whats your take about it?

Ok, now lets get to some charts…

EURJPY Signal

If this trade hits my take profit order, it will be the trade with the largest TP order ever in my life…

Let me show you some charts:

EURJPY 1D

As you can see, the EURJPY clearly broke through an important resistance level (136.24), and now it is likely to continue its way up until it reaches the next LT resistance level at 149.13.

The EURJPY is currently trading at 140.04, so go figure, more than 900 pips before it hit the next LT resistance level.

You like that?

I do. A lot.

And here is how the Hourly chart looks like:

EURJPY 1H

It is trading in a clear short term range, from 140.92 and 139.26, and since it is in a bullish condition, we can look for long trades.

A breakout trade would make sense here, so here are the details of my order:

Entry stop order: 141.20
SL: 140.71
TP: 148.60

I want you to do a favor for me, can you calculate the risk reward ratio of this trade?

This is the type of trades that can turn around the whole month, this is the type of trades that we need to look for, the ones that have the greatest profit potential.

Your turn

What currency pairs are you currently trading/monitoring?

What do you think about muy EURJPY signal?

Share your thoughts.

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Raul Lopez

I’ve been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .


  • chakravarthy Gudipati

    Hi Raul, my first post on your site. Very informative analysis from you and thank you for that. I wanted to share my thoughts on GBPJPY as well. The pair is knocking on an important LT level, which was a strong support in 2008 and also back in 2004. If the pair breaches this level (191.75), I think there will be a nice upswing towards next LT resistance level of 215.77 (July 2008 high). Please let me know what you think.

  • I think your analysis is on target.

    • Raul Lopez

      Hey Carl, hope our order gets triggered.

      Good luck!

  • fxconfidence

    That’s still depends on strength of the currency pair as it is really moving ahead to test the multi-year high again. Worth taking the risk but swing has to be strong from here to keep everybody interested.

    • Raul Lopez

      Yep, you are right… I think that it is most likely to test that multi year high again, I like everything about the EURJPY, the weekly, the daily chart, as well as the short term charts…

      We’ll see what happens!