Akil_Stokes
Short

EURJPY: Another Trend Continuation Opportunity

FX:EURJPY   Euro Fx/Japanese Yen
9 months ago
This pair has been heavy on our radar in both the London & New York             Live Trading Rooms, since breaking out of the descending triangle ( daily chart ) last week.

As we continue to break previous levels of structure support & create New Structure Lows (NSL) I'm going to continue looking for areas in which price action can pull back into, so that I can hop on the projected move to the downside.

I've been uploading videos of this week's Forex Live Trading Room sessions. I don't remember the timestamp off the top of my head, but there should be some footage explaining my view on this pair.

Akil Stokes
Chief Currency Analyst & Head Trading Coach
http://www.TradeEmpowered.com -The Premier Online Trading Education Company


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9 months ago
Comment: The "descending triangle" that I mentioned in the comments section is not the on drawn on the chart. It was one based off of the daily chart. My apologies if there was any confusion but here's what it looks like
snapshot
SkyRider
9 months ago
Isn't that an Ascending Triangle?
+1 Reply
Akil_Stokes PRO SkyRider
9 months ago
The descending triangle that I mentioned was from the Daily Chart
Reply
Akil_Stokes PRO SkyRider
9 months ago
snapshot
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Arditi
9 months ago
I'm looking for short opportunity at 122.00
+2 Reply
Akil_Stokes PRO Arditi
9 months ago
Nice!
+1 Reply
bunah2
9 months ago
Looks good Akil. Thanks
+1 Reply
Akil_Stokes PRO bunah2
9 months ago
You're welcome
Reply
StarProsper PRO
9 months ago
Very nice analysis on EUR/JPY Akil :)
+1 Reply
Akil_Stokes PRO StarProsper
9 months ago
Thanks Phillip!
Reply
ravegten
9 months ago
Hi Akil, I also see a bat setting up. The D completion just above that same area. That wil be my entry. Thanks for all the good work Akil!!!
+1 Reply
Akil_Stokes PRO ravegten
9 months ago
Excellent way to plan ahead!
Reply
PetriKleynhans
9 months ago
Thanks Akil,

I always try to gleam as much info from your ideas as possible!
For anyone looking at entry reasons, there is a Fib inversion trade setting up at 121.78, which is right above your reversal zone.

All the best!
+1 Reply
Akil_Stokes PRO PetriKleynhans
9 months ago
Nice, way to start thinking about the "next step" I love it!
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