Akil_Stokes
Short

EURJPY: Another Trend Continuation Opportunity

FX:EURJPY   Euro Fx/Japanese Yen
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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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

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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
Nice, way to start thinking about the "next step" I love it!
Reply
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
Excellent way to plan ahead!
Reply
Very nice analysis on EUR/JPY Akil :)
+1 Reply
Akil_Stokes PRO StarProsper
Thanks Phillip!
Reply
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