USDJPY: Bull Pattern In Bear Market (Part II)

FX:USDJPY   U.S. Dollar/Japanese Yen
Traditionally there are 3 ways to trade a breakout all depending on your level of aggression as a trader. The before the breakout and actual break has already completed which means waiting for the retest is the only option left for those looking to get involved.

I'm saving it for my Weekend Review, but I've been recording the analysis of this trade as well for those who learn better from seeing and not just reading. I'm not sure if I'm going to use it or not (it all depends on what lessons we discuss in the live Trading Room this week) but keep an eye out for it on my YouTube page.

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

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Trade closed: target reached: T1 Hit, taken out this morning on Trails. Would have been better off with a single Target on this one.
Hello !
What's your stop and tp on this potential trade ?
+1 Reply
Akil_Stokes PRO Tarantababu
below previous structure support & and below previous structure resistance. My apologies for not being more detailed, but I've learned in the past that when i do so, people will blindly follow the trade based on the numbers I provide
Retest failed?
+2 Reply
Akil_Stokes PRO CryptoTraderOne
Hey How can I set up the rsi on trading view? I made the same analysis of a smaller triangle but it is correct too. Im long and with same target. Chek it out! I love yout posts and videos bro!!!!
+1 Reply
Thanks! If you go to the "indicators" tab you should be able to add the RSI from in there
I was long from before but got out after seeing all those failed attempts to pass through that top, probably it was too conservative.. I'll buy again if it breaks it.
+1 Reply
Nice! Congrats on your previous long as well
I really Like your idea.. But I am looking for G7 meeting impact on this trade. What is your view about it?
+1 Reply
Thanks, I have no view on the G7, it doesn't affect my trading at all
well done Akil
+1 Reply
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