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.


Check out my blog at http://www.ratiotradingmentor.com
Multi-Level Training Courses - Live Rooms - Community Chat - Private Q&A's - Accountability Sessions & Much More..

Social Media
Instagram - https://goo.gl/XdmyeF
YouTube - https://goo.gl/Zjtq4R
Twitter - https://goo.gl/bwSaQa

Could we be looking at a reversal right about now?
Akil_Stokes PRO 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
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 PRO TriggerTrades
no allready hit Akil's target!
iznogood PRO 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
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out