EURJPY: Double Top Follow Up & TCT Opportunity

FX:EURJPY   Euro / 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.


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.

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Akil Stokes
Chief Currency Analyst & Head Trading Coach
http://www.TradeEmpowered.com -
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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 !
+1 Reply
Having the skill is what's most important. There will always be a way to make more money.
vduquenne Akil_Stokes

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 PetriKleynhans
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
Hey Akil, How can i join your Live Room?
+1 Reply
Just head over to our website at Trade Empowered and click the "Products and Services" tab Mine in the New York Session
Nice, I have an even deeper target for this pair

Looks better on the higher TF (240) though :)
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
Thank you
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