Akil_Stokes
Long

USDJPY: Bull Pattern in a Bear Market

FX:USDJPY   U.S. Dollar/Japanese Yen
6 months ago
Following up on a topic we covered in last week's Monday session. Here's a perfect example of how you can have a trading opportunity that is both Counter Trend & Trend Continuation at the same time.

Remember gang, the market moves in fractals, meaning there are moves within moves and trend withing trends, within trends.


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


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6 months ago
Comment: Stops now rolled to 108.78's
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GalShafat PRO
6 months ago
you wait for a triangle break here?
if so rr not so good
+1 Reply
Akil_Stokes TOP GalShafat
6 months ago
There are 3 ways you could have entered all depending on your level of aggression. A buy at the lower end of the triangle, a buy at the breakout, or a buy on the retest
+1 Reply
Tarantababu
6 months ago
Hey Akil ,

What's the basic prencibles behind of this trade? Wedge Pattern or anything ?

Thanks.
+1 Reply
Akil_Stokes TOP Tarantababu
6 months ago
yes the wedge. I recorded a video of the analysis, not sure if i'll release it or not, but if so it'll be this Thursday on my weekly video
Reply
chas2020
6 months ago
Caught some nice pips on this one already. Thanks and I was late haha I didn't see your post until a couple hours later but it was actually a more conservative entry rather than a late one as it had just broken and closed above the upper line on a lower time frame. Took it and went to bed and woke up wit 40 pips.
+1 Reply
Akil_Stokes TOP chas2020
6 months ago
Well done Chas!
Reply
hi Akil
why did u take this trade although you trade 2618 ? which is clearly appears in the chart , and the major trend is down
new lower low
i will post my chart below
+1 Reply
bassel.hadak PRO bassel.hadak
6 months ago
snapshot
Reply
Akil_Stokes TOP bassel.hadak
6 months ago
That's not a 2618 for me, but I took the trade because to the ascending triangle
Reply
Akil_Stokes TOP bassel.hadak
6 months ago
I recorded a video of it last night. not sure if it'll make it into this weeks weekend review or not but if i share it that will explain my thought process behind thew setup
Reply
bassel.hadak PRO Akil_Stokes
6 months ago
i will have a look thanks
and best of luck
Reply
madi052893trading
6 months ago
Hi Akil! is 2618 cant be applied into this?
+1 Reply
Akil_Stokes TOP madi052893trading
6 months ago
It's not a 2618 for me
Reply
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