Akil_Stokes
Short

EURJPY Looking Left

FX:EURJPY   Euro Fx/Japanese Yen
Nothing too fancy here on the EURJPY             just a simple structure based trade. Looking left you can see that the market has had trouble breaking this resistance level as of late. Combine that with the RSI being oversold and the existence of a double top featuring RSI featuring bearish divergence and it's more than enough for me to take a shot on.

This top was also a move that stopped many traders out of a bearish Cypher this morning coming off the release of the FOMC minutes.

Akil

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djshine_85
2 years ago
awesome idea. following this idea currently 27+
+1 Reply
Akil...Thanks for your continued analysis. Spoke to Todd the other day. We really appreciate you taking the time to share insights.
+1 Reply
iznogood
2 years ago
joined with you 2618 oport. @137.67
Thanks Akil
+1 Reply
iznogood iznogood
2 years ago
also potential bull BAT
snapshot
+1 Reply
Akil_Stokes TOP iznogood
2 years ago
Sweet, and that would offer a beautiful structure area to buy at.
+1 Reply
TriggerTrades Akil_Stokes
2 years ago
Hi,

do you think it's too late to get in this?
Reply
iznogood TriggerTrades
2 years ago
no allready hit Akil's target!
Reply
iznogood Akil_Stokes
2 years ago
yeah but remember Draghi's speech
Reply
TriggerTrades
2 years ago
Hi,

Could we be looking at a reversal right about now?
Reply
Akil_Stokes TOP TriggerTrades
2 years ago
we'll see, we're at a level where it's certainly a possibility
Reply
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