Aleksandar_Rose
Long

EURJPY - Bullish 2618

FX:EURJPY   Euro Fx/Japanese Yen
+++ Don't forget to LIKE & Follow+++I have my eyes on a potential Bullish 2618 Setup on 15M here on EURJPY             , and I think this is perfect counter trend trading opportunity.
You may ask why?
We don't only have a conservative entry reason in the face of this 2618 but we can stack on it.
The Double Bottom (foundation of 2618 Setup) is right at Structure Low - look left on HTF             (1H).
The 0.618% is right at the V of the Double Bottom - and our kill zone start from there.
Not to mention that on left Bottom we have a RSI under 20 with a RSI DIV             on 2nd Bottom.
You can enter aggressively right @ 0.618 or you can look for alternative entry reason - either way you choose you'll get more than 1:1 Risk/Reward.
No matter how perfect this setup is, stops are below this Double Bottom and 1st Target Retest of the cycle high - you can shoot 113.30 for 2nd Target.

Good Luck!

-Alex
I'm a Professional Currency Trader & Mentor with years of trading experience.
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Trade active: Price came right @ KillZone and reversed on a dime
Trade closed manually: 2nd target filled @ 113.20
Trade closed: target reached
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