Akil_Stokes

GBPJPY: Bullish & Bearish Opportunities

FX:GBPJPY   British Pound/Japanese Yen
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
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Akil Stokes -Head FOREX Trading Coach at Trade Empowered
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StarProsper
a year ago
As a TCTrader, I must say, this one looks like a good opportunity Akil :)
+1 Reply
Akil_Stokes TOP StarProsper
a year ago
Thanks Phillip
Reply
dexstriker27
a year ago
Nice Analysis.. Thank you...
+1 Reply
Akil_Stokes TOP dexstriker27
a year ago
You're welcome
Reply
dexstriker27
a year ago
Perfect!
+1 Reply
Akil_Stokes TOP dexstriker27
a year ago
Thanks
Reply
marcus123
a year ago
where is the target for the long on this type of trade? thanks
+1 Reply
Akil_Stokes TOP marcus123
a year ago
Normal 2618 targets Marcus
Reply
theres a gartley on the 15M chart too BEARISH just hit .382 target 1's stops rolled to break even eaaaaassssyyy
+1 Reply
ElPracti scottFOREX
a year ago
It looks like a pullback in the 1h. broken trend line......
snapshot
Reply
Akil_Stokes TOP scottFOREX
a year ago
A very easy win this morning on that. Well done and good pip'in
Reply
scottFOREX PRO Akil_Stokes
a year ago
learnt from the best!
Reply
ElPracti Akil_Stokes
a year ago
I take 179 pips at bull....
+1 Reply
ElPracti ElPracti
a year ago
Thnx....
Reply
Akil_Stokes TOP ElPracti
a year ago
well done
Reply
moneymaking
a year ago
Hey Akil, great trade mate. Worked out just as you planned. Both short and long trades successful. That should feel pretty good, especially in this uncertain periods due to tomorrows fed news. Good work as always :)
+1 Reply
Akil_Stokes TOP moneymaking
a year ago
Thanks
Reply
SLV
a year ago
Structure baby. Great trade.
Reply
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