J_Graystone
Short

EURJPY Short Structure Trend Continuation Trade

FX:EURJPY   Euro Fx/Japanese Yen
603 7 10
Bearish , Bearish , Bearish on this pair. Expecting a probable retest of 120.00's

During the Live room today we were analysing the best area to look to get short.

As we were going through our analysis, we found that there is a decent structure trade setting up at 126.00's

382 Retracement on the Higher Time Frame
618 Retracement on the Trading Time Frame
1414 Fib Extension
1618 Fib Extension
3 Drives Pattern
126.00 Even Number

If you are interested in this style of trading or would like to see what it really takes to be independently, consistently profitable, then go over to http://www.tradeempowered.co.uk and come into my live room for a week for FREE to watch me trade live.

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Comment: Check the video from inside the London live room explaining the analysis on this pair and why its important to be ahead of the markets


https://youtu.be/F00LMA0N_20
Great chart, I hope it happens, great area to go short.
+1 Reply
Thanks. I like to keep it simple. If it doesn't play out then the worst thing that can happen is nothing! I observe and move on to the next.
Reply
Bonkers J_Graystone
I hope you don't mind me asking but do you do a pending order at the beginning of that kill zone or do you like to wait for some kind of confirmation such a bearish candlestick on the 1 hour chart?
Reply
Depends on risk for structure based trades. Watch the video and I explain everything
Reply
Check the video from inside the London live room explaining the analysis on this pair and why its important to be ahead of the markets


https://youtu.be/F00LMA0N_20
Reply
Where would your S/L go jason, as structure looks quite far away.
+1 Reply
J_Graystone PRO forexjunkie33
Yep. I would need a valid retest up at that level. Something to watch into next week
Reply
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