USDJPY: Bull Pattern in a Bear Market

FX:USDJPY   U.S. Dollar / Japanese Yen
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
http://www.TradeEmpowered.com -The Premier             Online Trading Education Company

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Comment: Stops now rolled to 108.78's
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Hi Akil! is 2618 cant be applied into this?
+1 Reply
Akil_Stokes madi052893trading
It's not a 2618 for me
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 bassel.hadak
Akil_Stokes bassel.hadak
That's not a 2618 for me, but I took the trade because to the ascending triangle
Akil_Stokes bassel.hadak
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
bassel.hadak Akil_Stokes
i will have a look thanks
and best of luck
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
Well done Chas!
Hey Akil ,

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

+1 Reply
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