Elite Swing Trader EURJPY – 11th July 2019 | Swing Trading Signals

Elite Swing Trader EURJPY – 11th July 2019

EURJPY has been having a correction on the daily chart. The correction has been obeying an up trending trend line. The price is still held by the trend line. However, H4 price action suggests that the price may make a breakout which would drive the price to go towards the downside. Let us have a look at the H4 EURJPY chart.

This is another trade idea generated by the Elite Swing Trader.

Elite Swing Trader EURJPY – 11th July 2019

The way H4 price was heading towards the North, it is explicit that the price was having a correction on the daily chart. The up-trending trend line which was touched by the price twice is significant. The last H4 bearish wave seems to be coming down with good momentum. The current H4 candle has already challenged the trend line. If the price keeps going down and makes a breakout at the trend line, wait for an H4 corrective candle, then an H4 bearish engulfing candle to take a short entry. Let us have a look at the summary of the trade…

  • Buy Stop Order: 121.800
  • Stop Loss: 121.611
  • Take Profit: 122.088

Breakout trading is very lucrative.  Three important things to get on a chart to take a breakout entry are breakout, confirmation (corrective candle), signal candle. The breakout is to be taken place with a good commanding candle. The corrective candle is to be closed within the breakout candle and the signal candle is to close below the corrective candle (on a bearish chart).

Click Here to learn more about Elite Swing Trader

The Elite Swing Trader Trading Dashboard

With the Indicator, you can now have multiple charts open and wait for the Elite Swing Trader will highlight potential trades to your attention. Of course, without saying, you do not trade every signals. Instead, this is a massive time saver. You decide on the trades to take.

This is a time tested Ever Green Swing trading system. Learn more here…

Claim Your $60 No Deposit Bonus Here

All you need is to have your live account verified!
Of course, you need to open a live account...

2 Brokers that we like A LOT!
USD30 from each Forex Broker Below.
Both Forex Brokers have excellent rating!

Broker #1

Broker #2

We use both of these brokers and proudly promote them!

NOTE: Not all countries qualify for these bonuses. Terms and Condition Applies.

Other Analysis Today
Learn and SHARE the Knowledge!
Click Here to Leave a Comment Below 0 comments
Do NOT follow this link or you will be banned from the site!

The Powerful AllPips Trend Indicator | 100% Free Download