EURJPY: Double Top Follow Up & TCT Opportunity

Earlier in the week we looked at a short opportunity on the EURJPY. After a period of sideways movement the market have finally moved in our direction and is slowly inching towards targets. More importantly stops have now been rolled from an area that offered 100 pips of Risk, to the new worst case scenario being 85 pips of profits.

(GREAT FEELING WHEN YOU KNOW THAT IT'S A PROFITABLE TRADE NO MATTER WHAT)

In the Live Room today we'll be looking at a potential move back into our previous outside return which would give Trend Continuation/Following traders a chance to get involved in the final part of this short. 129.60's looks to be a decent level to expect some profit taking and some bullish pressure.

Have you seen my latest youtube video?

Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -
YouTube goo.gl/Afk5sG
Face book: goo.gl/VTQngr
Twitter: goo.gl/FlH33l
You Can Also Follow Me On Instagram, Periscope & StockTwits @AkilStokesRTM