EURJPY: Counter Trend & Trend Continuation Opportunities of 1HR

FX:EURJPY   Euro Fx/Japanese Yen
After being stuck at the "D" completion point of a daily Bat pattern completion we've finally seen a break to the upside on this pair. We've not run into higher time frame ( HTF             ) structure and I wouldn't be surprised if we saw some relief in price action.

This trade setups offers something for both counter trend and trend continuation traders. For the counter trend trader, "look left structure leaves clues" We also have bearish divergence between price action and the RSI . For the trend continuation trader we currently have Fibonacci ratio confluence lining up in our potential reversal zone (or as my Live Trading Room members like to call it our "A-Kill Zone")

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Akil Stokes
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Hey Akil, I'd prefer the trend following approach considering the Daily timeframe of this cross

+1 Reply
Akil_Stokes PRO marco_casario
Beautiful level of structure there!
+1 Reply
Thx for sharing man!
I've been long on Eurjpy for some time now.Here is my long term view:
Long-term buy on EurJpy


+2 Reply
Akil_Stokes PRO Don_Corleone
Nice, i knew I'd find somebody in that big bat!
+1 Reply
very nice setup akil thanks for sharing i was also looking for this move waiting for pullback to enter more still holding the first long entry there is also short setup which you have pointed thanks for that
+1 Reply
Simple and great analysis here.. I have the same view.. Price broke a consolidation and it's about to retrace for a correction.. Then it's going up.. Totally agree mate..
+2 Reply
Akil_Stokes PRO Fxprotrader
+2 Reply
GoodLuckbabe Fxprotrader
thanks mate
+1 Reply
It has gone over that line. Is there a chance to coming back down?
+1 Reply
Akil_Stokes PRO MunaeemMalik
Yes, that's certainly a possibility
psychological level & round number testing 130.000 a fraction past resistance level
Hey Akil, What do you think about this set up
+1 Reply
Akil_Stokes PRO Tecnologia_Financiera
I don't really have an opinion on it
I was trying to buy the last pullback but the market didn't quite pull back far enough for me!
+1 Reply
Yeah we just missed it this morning Kenny. We had the right analysis though which is a win in itself
Hi Guys, made also my little plan... small educated guess for this pair... when one's look left, indeed you see a harmonic bearish pattern. Also the last support became Resistance (in 1h timeframe) . A down move is likely to occur... with following T1 & T2 as appetizer ;) Let's wait & see... ;)
vduquenne vduquenne
Support became Resistance on the daily timeframe ! sorry being incorrect in above text :(
Hi there : SO HAPPY TO USE STOPLOSSES ! ALWAYS USE THEM ! THE KEEP YOU ALIVE ! DON'T TUNE THEM TOO MUCH ! FOR SURE NEVER DURING A TRADE ! HEREBY AN EMOTION PICTURE FOR THIS TRADE. FIRST FRUSTRATION BUT THE BIG RELIEF AS I TRADED THE PLAN A N D D I D N O T A L T E R I T as I did too many times before.... Yes maybe I lost a small amount but gained a huge amount of confidence. The price for that is unaffordable ;) ; ) ; ) especially one your account got broke before ;) At the end of this trade I am still alive trading and move on to the next trade ....
+1 Reply
Stops are very important.
vduquenne Akil_Stokes
like ;)

Equal vduquenne
I was also stopped after break res. And overhappy now.
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