Akil_Stokes
Long

EURJPY: Building a case for entry

FX:EURJPY   Euro / Japanese Yen
Looking a a structure based long opportunity here as price actions looks to retest previous structure support . We've got a combination of multiple harmonic moves lining up with a Fibonacci cluster and of course structure looking left. As of now I'm waiting to see how price action reacts within this zone before committing to an entry.
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wow I followed your trade and it's great! Awesome job Akil
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Akil_Stokes djshine_85
I took a partial position off at the structure level right above the 139 even handle and my initial stops were in the 13820's. They're now at breakeven to protect the open position
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sag.deconinck Akil_Stokes
I was sleeping I have missed it. No problem
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Akil_Stokes sag.deconinck
Yup they'll be more
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Akil_Stokes djshine_85
Thank you djshine_85
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Hey Akil, Where would your Stops And Targets Go if you long this pair?
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Hi Akil, will we be looking for the 0.382 of the abcd pattern for first targets, as its around the 139.100 resistance? Or would you let structure determine profits?
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sag.deconinck BronzeTeeth
On this moment all the pricebars are inside bars so that could mean continuation to the downside on the 15m. Still waiting for confirmation of a direction.
On the daily whe are still in a very Bearisch direction. So maybe whe going to break the the AB=CD pattern. Also on the 1h.
RSI is showing Oversold so keep an Eye on it.
For me personaly: Im waiting for a confirmation in some direction.
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Akil_Stokes BronzeTeeth
Structure is going to be more important to me than fib ratio's when deciding where to take profits. So I always default towards structure levels with the exception of advanced patterns
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I have the identical analasys Akil, you can see my the chart in my post.

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