Akil_Stokes
Short

EURJPY: Double Top Follow Up & TCT Opportunity

FX:EURJPY   Euro Fx/Japanese Yen
Earlier in the week we looked at a short opportunity on the EURJPY             . After a period of sideways movement the market have finally moved in our direction and is slowly inching towards targets. More importantly stops have now been rolled from an area that offered 100 pips of Risk, to the new worst case scenario being 85 pips of profits.

(GREAT FEELING WHEN YOU KNOW THAT IT'S A PROFITABLE TRADE NO MATTER WHAT)

In the Live Room today we'll be looking at a potential move back into our previous outside return which would give Trend Continuation/Following traders a chance to get involved in the final part of this short. 129.60's looks to be a decent level to expect some profit taking and some bullish pressure.

Have you seen my latest youtube video?

Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -
YouTube https://goo.gl/Afk5sG
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Akil Stokes -Head FOREX Trading Coach at Trade Empowered
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"Plan Your Trade, Trade Your Plan"




weiwei
10 months ago
hey Akil, thx for sharing. Would you consider this a bat pattern with the long green bar being the XA leg?
+1 Reply
Akil_Stokes TOP weiwei
10 months ago
You're welcome and no i would not
Reply
vikiaimy
10 months ago
Hello akil.. Your work is awesome.. Excellent.. I Ve download your all video.. I love to trde with harmonic pattern..really yu hve done great job..
+1 Reply
Akil_Stokes TOP vikiaimy
10 months ago
Thank you
Reply
Nico.Muselle MOD
10 months ago
Nice, I have an even deeper target for this pair
snapshot

Looks better on the higher TF (240) though :)
Reply
CraigRan
10 months ago
Hey Akil, How can i join your Live Room?
+1 Reply
Akil_Stokes TOP CraigRan
10 months ago
Just head over to our website at Trade Empowered and click the "Products and Services" tab Mine in the New York Session
Reply
PetriKleynhans
10 months ago
Spot on thus far. Great chart! For educational purposes (I'm paper trading), what would be the entry signal for the down turn?
+1 Reply
Akil_Stokes TOP PetriKleynhans
10 months ago
Hey Petri It really depends on your level of aggression as a trader, you can use anything from an a 2618 to a limit order for entries. We had a discussion about this in our live room yesterday I'll see if I can throw the video up on youtube tonight
Reply
vduquenne
10 months ago
Me happy Akil! Your rules of engagement work ! I am so sad I'm totally broke, barely can eat ... time to clean toilets for me now as you experienced in the past :( But look what I can thanks to you guys ! Respect !
snapshot
+1 Reply
Akil_Stokes TOP vduquenne
10 months ago
Having the skill is what's most important. There will always be a way to make more money.
Reply
vduquenne Akil_Stokes
10 months ago
;)

Reply
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