EURJPY Looking Left

FX:EURJPY   Euro / 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.


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Could we be looking at a reversal right about now?
Akil_Stokes TriggerTrades
we'll see, we're at a level where it's certainly a possibility
joined with you 2618 oport. @137.67
Thanks Akil
+1 Reply
iznogood iznogood
also potential bull BAT
+1 Reply
Sweet, and that would offer a beautiful structure area to buy at.
+1 Reply
TriggerTrades Akil_Stokes

do you think it's too late to get in this?
iznogood TriggerTrades
no allready hit Akil's target!
iznogood Akil_Stokes
yeah but remember Draghi's speech
Akil...Thanks for your continued analysis. Spoke to Todd the other day. We really appreciate you taking the time to share insights.
+1 Reply
awesome idea. following this idea currently 27+
+1 Reply
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