Akil_Stokes
Short

EURJPY: Potential bearish Gartley Formation in Bearish Rotation

FX:EURJPY   Euro Fx/Japanese Yen
2 months ago
Hey traders!

Looking at a potential bearish Advanced Gartley Formation setting up here on the EURJPY             . LOOKING LEFT at the predicted "D" completion price you'll also notice that this level has recently been respected as both previous structure support and resistance .

The "A" leg of the Gartley Formation also represents a break and close below previous structure support which will help with our longer term analysis for those looking to take extended targets.

I know a lot of you have taken advantage of this weeks offer, so we'll be reviewing this in a few hours as we start our trading week. See you there!
2 months ago
Trade active
2 months ago
Trade closed: target reached
Akil Stokes -Head FOREX Trading Coach at Trade Empowered
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Makolico
2 months ago
Excellent chart analysis. I hope one day I can have these kind of readings. You make it so easy. See you in the Live room today.
+1 Reply
Akil_Stokes TOP Makolico
2 months ago
thanks! It comes with time, many many many many hours of practice eventually pays off
Reply
We_The_North
2 months ago
Awesome analysis, Akil! Mad respect for your mental/psychological approach to trading. Trying to learn something new from you and the others at TE each and every day. Hope your week goes well!
+1 Reply
Akil_Stokes TOP We_The_North
2 months ago
Thanks!
Reply
PHL
2 months ago
great set-up! Is the pattern still valid for you today? I am asking because C blipped past the 88.6 fib of AB. Cheers Pat
+2 Reply
Akil_Stokes TOP PHL
2 months ago
Hey Pat, yes it's still a valid potential setup for me
+1 Reply
PHL Akil_Stokes
2 months ago
cool, thanks for the feedback! i guess you got filled as well. I saw a bearish bat forming before that gartley was creatred so I took it as a bat instead of the gartley with a bit better RR :). Fingers crossed!
+1 Reply
Akil_Stokes TOP PHL
2 months ago
Best of luck!
+1 Reply
nice work akil
+1 Reply
Akil_Stokes TOP mohamed.alrashedi.3
2 months ago
Thank you
Reply
prince125700
2 months ago
open trade
+1 Reply
Akil_Stokes TOP prince125700
2 months ago
Best of luck!
Reply
prince125700 Akil_Stokes
2 months ago
tp ?
+1 Reply
Akil_Stokes TOP prince125700
2 months ago
Traditional 38.2 & 61.8 levels
+1 Reply
BOOgiiee
2 months ago
im already in the trade during that pin bar formation. Big thank you to videos and lesson provided by Trade empowered.
+1 Reply
Akil_Stokes TOP BOOgiiee
2 months ago
Great to hear and you're welcome. As always I think I speak for all of us when I say that I appreciate the support. Good luck in the trade!
Reply
Mx70
2 months ago
Yes Sir, I am in this short trade as well from 114. Thanks for sharing
+1 Reply
Akil_Stokes TOP Mx70
2 months ago
No problem, hopefully we can both add a "hit target" update at somepoint
Reply
FxRanger
2 months ago
Hi. Akil good work as always. Short entry still valid ????????
+1 Reply
Akil_Stokes TOP FxRanger
2 months ago
Thanks, we're past the initial entry so if you're taking it as the advanced pattern I would say no, if you're using it as a TCT then I'm sure you can still create a good risk/reward
Reply
FxRanger
2 months ago
My entry was 113.786. Thank you
+1 Reply
Akil_Stokes TOP FxRanger
2 months ago
Nice Good Luck!
Reply
FxRanger
2 months ago
Thank you Man. Nice to get good advise from Professional.
+1 Reply
Akil_Stokes TOP FxRanger
2 months ago
That's what I'm here for, just as someone was once here for me
Reply
JvD3
2 months ago
Hello, what SL and TP would you suggest?
+1 Reply
Akil_Stokes TOP JvD3
2 months ago
It depends on how you're taking the trade, but i would certainly have stops beyond structure and traditionally you would use fibonacci levels for your target taking if taking this as an advanced pattern formation
Reply
JvD3 Akil_Stokes
2 months ago
Alright, thanks!
Reply
FxRanger
2 months ago
Man. EUR/JPY going up. Don't see any short here.
+1 Reply
Akil_Stokes TOP FxRanger
2 months ago
In my opinion the best thing to do is set it and forget it. It can be extremely tough mentally to watch a trade go back and fourth while it's in progress.
Reply
burgicmarko
2 months ago
Great setup. On 1hr chart there is a double top with bearish divergence.
+1 Reply
Akil_Stokes TOP burgicmarko
2 months ago
Thank you, and a very good spot on that double top
Reply
eightpac
2 months ago
Target hit for me on this and the bearish cypher on the GBPJPY. Always feels good to see a set up coming and having a game plan in play, especially when you have full-time job and can't be in front if the charts all day!
+1 Reply
Akil_Stokes TOP eightpac
2 months ago
Well done, I've banked a few on both as well. That's what i love about trading, your money can make money while you're doing something else. Great trades
Reply
We_The_North
2 months ago
Hey Akil, was just curious about something. It looks as if your trade closed before taking 2nd targets at 61.8. Was there a technical reason for that or personal? Or do you still have it active on your own personal account?
+1 Reply
Akil_Stokes TOP We_The_North
2 months ago
Tradingview doesn't have a target 1,2,3,etc option, but in this particular trade I was stopped out for BE on the second half of my position
Reply
We_The_North Akil_Stokes
2 months ago
Oh ok gotcha.. Thanks
Reply
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