USDJPY 1HR: Potential TCT & Pattern Formation Shorts

FX:USDJPY   U.S. Dollar / Japanese Yen
Since breaking the 107.60's area, I've been waiting for some relief on the USDJPY and an opportunity to hop on a retracement and get short.

As the market slowly retraces back to previous structure resistance a few opportunities have developed on the chart including a basic CTS trade using an AB=CD pattern, structure and fibonacci confluence . As well as a potential advanced bat formation .

I doubt we'll see any of this occur seeing how tomorrow is Job's day, but it never hurts to do your analysis and I'd much rather be over prepared to catch an opportunity that under prepared and miss one.

Also if you haven't done so, make sure you head over to my Youtube channel and check out my latest videos. I'll be adding a new one demonstrating some techncial analysis later today, but I've recently done two answering questions about the benefits of using multiple brokers and talking about the biggest hurdle in my trading career and how I overcame it. ( https://goo.gl/Afk5sG )

Akil Stokes
Chief Currency Analyst & Head Trading Coach
http://www.TradeEmpowered.com -The Premier Online Trading Education Company
YouTube https://goo.gl/Afk5sG
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@AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)

Trade active: Filled Short
Trade closed: stop reached: (Insert shotgun sound!)


YouTube https://www.youtube.com/akilstokes

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Akil unfortunately this pattern went against you but if you look at the h4 chart between today and tomorrow can be given an opportunity to trade 2618!!
+1 Reply
Yup, the Yen has given us a wild ride as of late. Time to delete the charts and start looking for the next opportunity. Good luck with your 2618!
what is the TP?
+2 Reply
Z_Afiq AzadAryan
A-D retracement..382 first target..618 second target
+1 Reply
I'm currently looking fo a move back to 107.30's
I wish Jason would do more stuff like this in War Room
+1 Reply
Akil_Stokes BennyManieri
Understand that the Syndicate is meant for newer traders so we purposely stick to a few simple trading setups int hat program
It will go much higher,at least 100 pts. ;)
+1 Reply
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