Akil_Stokes
Short

EURJPY: Retest of Descending Triangle Lows

FX:EURJPY   Euro Fx/Japanese Yen
After breaking out from a descending triangle , price action is pulling back into the lows providing potential selling opportunities at the retest.

Still on the radar a little lower is the potential bullish bat formation which could be taken into consideration when looking at potential levels target taking.


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u got it all sorted out man :D
+1 Reply
Thank you
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Got stopped out by the spike i'm in again....thanks for the reassurance
+1 Reply
Sorry to hear that man. Start prepping for the next good trade
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Hey Akil. How are you? Could you please clarify for me, where should I place stops loss for such continuation trade? Should it be above the first (highest) triangle swing or the last one (lowest)? Thanks :)
+1 Reply
Akil_Stokes PRO ErnestasKvedaras
It really depends on how you go about approaching the trade. In general above the highest swing would be your safest place, but you don;t necessarily need to open yourself up to that much risk.
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ErnestasKvedaras Akil_Stokes
Thanks
+1 Reply
Akil_Stokes PRO ErnestasKvedaras
No problem, wish i could give you a better explanation but it's a difficult task to write all of the options out
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ErnestasKvedaras Akil_Stokes
I understand :) Anyway, knowing that the highest swing is the safest, but bigger risk and different area could be used depending on entry reason is good enough guidance ;)
+1 Reply
Akil_Stokes PRO ErnestasKvedaras
Awesome!!! Glad i could lend some assistance
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