Akil_Stokes
Short

EURJPY: Retest of Descending Triangle Lows

FX:EURJPY   Euro / 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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Comments

Later on I'll be waiting for this.
+2 Reply
Akil_Stokes purpurato59
I've got the same thing on my radar! Nice spot
+1 Reply
u got it all sorted out man :D
+1 Reply
Akil_Stokes janne0536
Thank you
Reply
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
Reply
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 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.
Reply
ErnestasKvedaras Akil_Stokes
Thanks
+1 Reply
Akil_Stokes ErnestasKvedaras
No problem, wish i could give you a better explanation but it's a difficult task to write all of the options out
Reply
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