EURJPY: Another Trend Continuation Opportunity

Jun 9, 2016

This pair has been heavy on our radar in both the London & New York Live Trading Rooms, since breaking out of the descending triangle (daily chart) last week.

As we continue to break previous levels of structure support & create New Structure Lows (NSL) I'm going to continue looking for areas in which price action can pull back into, so that I can hop on the projected move to the downside.

I've been uploading videos of this week's Forex Live Trading Room sessions. I don't remember the timestamp off the top of my head, but there should be some footage explaining my view on this pair.

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


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Jun 10, 2016

Note

The "descending triangle" that I mentioned in the comments section is not the on drawn on the chart. It was one based off of the daily chart. My apologies if there was any confusion but here's what it looks like