Syndicate members you have a video on this setup coming soon, but what I'm looking at here on the GBPJPY are trading opportunities for those who want to get either long or short.
The Long opportunity would be a potential 2618 trade if price action were to reverse and retrace back into the double bottom that we established last week and the Short opportunity would be a potential trend continuation trade as price action returns to a previous level of support now turned resistance.
There's also a Fib Inversion trade hidden in there, but that would essentially be used as an entry reason for the TCT trade.
I'm personally not concerned with the 2618 opportunity at all, so my eyes will be locked on a way to get short during tomorrow's trading session, but both trades are valid and if everything goes correctly you may even be able to trade one into the other.
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com
My YouTube Channel goo.gl/gXMP9G
The Long opportunity would be a potential 2618 trade if price action were to reverse and retrace back into the double bottom that we established last week and the Short opportunity would be a potential trend continuation trade as price action returns to a previous level of support now turned resistance.
There's also a Fib Inversion trade hidden in there, but that would essentially be used as an entry reason for the TCT trade.
I'm personally not concerned with the 2618 opportunity at all, so my eyes will be locked on a way to get short during tomorrow's trading session, but both trades are valid and if everything goes correctly you may even be able to trade one into the other.
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com
My YouTube Channel goo.gl/gXMP9G
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