EURJPY | Market Footprint Chart | Forex Factory

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EURJPY | Market Footprint Chart

  • #1
  • First Post: Oct 21, 2020 11:22am Oct 21, 2020 11:22am
EURJPY is yet at another decision point. Resistance broken with low volume and again broken with high volume. Which move matters the most.

They[Don't know who] took the pair up for premium pricing and then will probably dump it hard. Partake in the move is all retail traders should worry about.

Longs are primed for the taking and the zone previously pushed prices down lets see what it does this time.
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Titan Black
  • #2
  • Oct 21, 2020 12:54pm Oct 21, 2020 12:54pm
Do you specialize in EUR/JPY? I used to trade this pair extensively but it seems not many traders like to give this pair much attention.
I will tear the world apart for you.
  • #3
  • Oct 24, 2020 5:37am Oct 24, 2020 5:37am
Quoting Barnell
Do you specialize in EUR/JPY? I used to trade this pair extensively but it seems not many traders like to give this pair much attention.
Its my baby. Everything i do is on EJ
Titan Black
  • #4
  • Oct 24, 2020 8:34am Oct 24, 2020 8:34am
Quoting collosangy05
{quote} Its my baby. Everything i do is on EJ
Cool, keep us updated.
I will tear the world apart for you.
  • #5
  • Oct 24, 2020 10:15am Oct 24, 2020 10:15am
Quoting collosangy05
{quote} Its my baby. Everything i do is on EJ
I like this pair and trade it most of the time. But can I ask you to tell us what makes EURJPY so special for you ? what are the specifications you've noticed about this pair ?
  • #6
  • Oct 24, 2020 10:31am Oct 24, 2020 10:31am
i love this pair because eurjpy the eurusd connection usually gives the position of usdjpy quite well.
  • #7
  • Oct 24, 2020 10:34am Oct 24, 2020 10:34am
EURJPY, Awesome asset to trade coz when it moves it moves and when it stalls it tells u early enough that today is not the day. Trends can develop as early as Monday and go throughout the week. A good litmus test is EURGBP. Which moves quite fast then EJ does the catch up. With such you can decide to bail or stay in the move.

I like it coz my strategy works absolutely well with it. I know when its stalling or ready to trend. Normally it moves between 80-120 pips on a good day and 50-70 on bad days. Those are good moves.

You need a good platform and a good broker not the BS of B books and stuff. You need a broker whose on your side to trade well.
Titan Black
  • #8
  • Oct 24, 2020 10:39am Oct 24, 2020 10:39am
View the good shorting opportunity between 38s-41s and see the move. The zone i marked out played beautiful for a decent move. Premium
Titan Black
  • #9
  • Oct 24, 2020 10:47am Oct 24, 2020 10:47am
The zone did its work. Quick and dirty
Titan Black
  • #10
  • Oct 24, 2020 11:33am Oct 24, 2020 11:33am
Quoting collosangy05
The zone did its work. Quick and dirty

View the good shorting opportunity between 38s-41s and see the move. The zone i marked out played beautiful for a decent move. Premium
The screenshots are not visible .
  • #11
  • Oct 24, 2020 11:57am Oct 24, 2020 11:57am
Quoting vivaldi2
{quote} The screenshots are not visible .
Click on the picture
Titan Black
  • #12
  • Oct 25, 2020 12:24am Oct 25, 2020 12:24am
Quoting collosangy05
{quote} Click on the picture
There is no picture to click .
Can you please attach the pictures on forexfactory servers ?
  • #13
  • Oct 25, 2020 1:03am Oct 25, 2020 1:03am
also, the value of eurchf can usually be determined quite well by considering the eurjpy / chfjpy relationship.
  • #14
  • Oct 25, 2020 1:14am Oct 25, 2020 1:14am
Quoting tiborf71
also, the value of eurchf can usually be determined quite well by considering the eurjpy / chfjpy relationship.
but the eurusd / usdchf relationship also helps to trade eurchf.
  • #15
  • Oct 25, 2020 1:31am Oct 25, 2020 1:31am
all jpy pairs including eurjpy can be used as a correlation strategy. since each pair of jpy moves in one direction.
  • #16
  • Oct 25, 2020 1:47am Oct 25, 2020 1:47am
correlation groups.
eurjpy.
audjpy.
nzdjpy.
gbpjpy.
  • #17
  • Oct 25, 2020 3:27am Oct 25, 2020 3:27am
Quoting tiborf71
correlation groups. eurjpy. audjpy. nzdjpy. gbpjpy.
Most of the time, but not always. For instance, jpy pairs were green last session, but GBP/JPY was red because of UK instability.

But of course, at times, this can present a huge opportuniy. For instance, using the same example, if the outlook for jpy pairs is bullish, then GBP/JPY could be a laggard simply because of news and technically, it will catch up, so it could present a better buying opportunity compared to EUR/JPY.

Just sharing my thoughts.
I will tear the world apart for you.
  • #18
  • Oct 25, 2020 5:02am Oct 25, 2020 5:02am
Quoting Barnell
{quote} Most of the time, but not always. For instance, jpy pairs were green last session, but GBP/JPY was red because of UK instability. But of course, at times, this can present a huge opportuniy. For instance, using the same example, if the outlook for jpy pairs is bullish, then GBP/JPY could be a laggard simply because of news and technically, it will catch up, so it could present a better buying opportunity compared to EUR/JPY. Just sharing my thoughts.
well yeah gbpjpy has always been a problem due to the huge volatility.
  • #19
  • Oct 25, 2020 1:41pm Oct 25, 2020 1:41pm
Quoting tiborf71
{quote} well yeah gbpjpy has always been a problem due to the huge volatility.
Volatility is good, isn't it?
I will tear the world apart for you.
  • #20
  • Oct 27, 2020 11:49am Oct 27, 2020 11:49am
Quoting Barnell
{quote} Volatility is good, isn't it?
who trades with the jpy group based on correlation its problem is the high volatility of gbpjpy.
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