Akil_Stokes
Short

EURJPY: Short-Term Trend Is My Friend

FX:EURJPY   Euro Fx/Japanese Yen
EURJPY             has recently retraced back into previous structure offering an excellent opportunity to put on a short order. Looking left the market has proven to respect this level in the past, therefore I would expect the same in the present as support turns into resistance. Price action is also on the right side of a short-term bearish trend with having made a recent new structure low and now putting in a deep outside return. A bat pattern completion was my reason for entry, but make sure you check the fibonacci level of you B leg as it may not meet your rules.
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Prits187 PRO
2 years ago
what happen to NZD/USD? lol
Reply
Akil_Stokes TOP Prits187
2 years ago
Looks like it fell off a cliff...then fell some more lol Makes me that much more happy that the Cypher worked out as both trades essentially equaled each other out.
+1 Reply
BigJoe79
2 years ago
i was just going to post this, stealing my thunder Akil haha! awesome setup!
+1 Reply
Akil_Stokes TOP BigJoe79
2 years ago
Nice!
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felix92
2 years ago
Nice harmonics as well.
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felix92 felix92
2 years ago
EURNZD Bullish Bat Pattern
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pal444
2 years ago
Nice setup, nice work. Just added you to my list to follow. This also syncs up with Elliot Wave, 'X' completed @ 137.8 area with Fib .618 confluence, 'a' wave downside target 134.39 area,
+1 Reply
iznogood
2 years ago
joined @137.90
Reply
Sebastian.Biel
2 years ago
Hi Akil! What is your 1TP?
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Akil_Stokes TOP Sebastian.Biel
2 years ago
I'm looking at a level right above the 38.3 fibonacci retracement taken from the A-D leg. SO it's dynamic as price action moves
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Akil_Stokes TOP Akil_Stokes
2 years ago
I think 13915's 17's something like that if I remember correctly off the top of my head
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TJtrader
2 years ago
Nice setup, clear comments as usual, hey good job ;)
+1 Reply
eXcess0070
2 years ago
nice reaction from the market exactly where you spot the most probably reversal area, I love it makes you look like the boss :) it would be great if you indicate the stop loss and take profit levels ( I would learn alot from that ) :) keep it up Akil :) love your work. :)
Reply
felix92
2 years ago
the next potential move...
EURJPY Bullish Bat Pattern 1h
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iznogood
2 years ago
beware the Cypher60'
snapshot
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iznogood iznogood
2 years ago
sorry, the timeframe is 30'
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