Akil_Stokes
Short

EURJPY: 4 Hour Potential Double Top and/or 2618

FX:EURJPY   Euro / Japanese Yen
For those looking to get short the EURJPY             we have a potential double top and/or 2618 opportunity setting up. Looking left, price action has made its way back into a previous level of consolidation where the bulls were rejected and are now looking to test for a second time.

The two trading opportunities that exist at this level are a double top sell at the candle close, or a 2618 for conservative traders looking for proof of a hold and a retest.

We've got our morning Warroom meeting at 8:30 (NY) then I'm getting ready for an awesome training lesson this morning at 9am on position sizing and trend continuation trading. Good luck out there in the markets this week.

Akil Stokes
Chief Currency Analyst & Head Trading Coach
http://www.TradeEmpowered.com -The Premier             Online Trading Education Company
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Nice to see that i have improved my RAS, and yes the C to D leg i longer that B :) This is my prediction :)

+1 Reply
Nice thought
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Mberg Akil_Stokes
Thanks :)
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Good post! 150 pips
+1 Reply
Akil_Stokes JurgenSterk
thank you
Reply
Cha-ching ! You're on a roll this week !
+1 Reply
Akil_Stokes Nico.Muselle
thanks
Reply
More to the fire...
+1 Reply
Thanks for sharing
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it makes sense...but if you look at the daily we have the .382 around 134.15..its prudent to place your stops accordingly... i like that short 200 pips higher.
+1 Reply
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