Entering @ D leg completion (0.65121) with two targets based of fib and resistance/support. Stop loss well below previous support. Limit order is set, lets catch this plane!
A lot of potentials on the radar for tonight/tomorrow, one of which being a potential bullish Gartley pattern on the EURUSD. Akil Stokes Chief Currency Analyst & Trading Coach www.TradeEmpowered.com
Greetings Everyone, Looking at the price action and recent daily trade action for USDJPY it appears we may have a much stronger reason for a Short opportunity. Since mid-october USDJPY is on the verge of completing what appears to be a very steep ABCD Structure, the completion of this pattern lines up with the remaining S/R Channel that this pair was trading in...
Consolidation often breeds harmonic patterns & that's exactly what we're seeing here on the EURJPY hourly chart. Now we're still holding a partial position on yesterday's bullish bat pattern and if price action were to push up to our second targets that would give us the opportunity to put in an SAR and get involved in the bearish one that looks to be forming as...
Greetings Fellow Traders, Brief Overview (Check Below for detailed individual charts for educational reasons): I want to take a moment to organize my thoughts for you revolving around a pair I had a great trade off of a Head and Shoulders pattern a couple of weeks ago. It's important to understand the big picture as much as possible so you can make the most...
After bearish Bat completion we're closing in for the D leg on bullish Gartley completion. Together with earlier structure support highlighted. Limit order is set @ D-Leg with TP @ 0.94600, SL 0.91733 Remember to use your own criterias and rules for your strategy and dont copy others!
Greetings Traders, In correlation with our anticipated USDCAD move...I've spotted a descending wedge on EURCAD that is trade-able. Due to the nature of the peaks however, to avoid any false breakouts I've set the following trade: Pending Buy Stop 1.43550 - Or Manual Entry Along SUPPORT Stop Limit 1.4250 Target Profit 1.4640 Straight forward trade, as I...
Hey traders we just had the inflation & interest rate news come out for the GBP pairs and the reaction is sending price action down to a potential advanced pattern completing at 1.5269's. i like to give 15 minutes for news to play itself out and afterwards I'm allowed to continue my trading Also as a reminder tomorrow is also a big news day as we have the month...
Greetings, Fairly simple trade Descending Wedge - These patterns typically break out counter to the trend that preceded them, with their measured objective at the first peak that started the trading pattern. Entry Point at Market - .7141 Target Profit - .7240 Stop Loss - .7090 Please do your own analysis before entering a trade, and feel free to comment,...
Happy Friday traders! Just wanted to share a few potential advanced patterns to keep an eye on heading into next trading week. I no longer have this pair in my portfolio, so I won't be able to participate but it's still one of my favorite pairs to do analysis on since it's been offering a massive amount of opportunities this trading year. Akil Stokes Chief...
This NZDUSD trade is something that I've been keeping tabs on for the past few weeks. In fact by this point I think my Live Trading Room & Sydnicate members are probably sick of me mentioning it. But during yesterday's FOMC events price action finally pushed down into the area that I was willing to buy at. Although i didn't get filled on the initial push (due to...
Potential bat pattern entry 185.77 tp1 185.05 tp2 184.61 Good Luck to all feel free to leave any comments, likes, etc
As many of you know today is FED day as the FOMC has its Interest rate Decision & Statement coming out today at 2pm (New York). The expectation is that there will be no changes made at this particular time so most of the “volatility” and “reaction” will be based off of the tone of the statement as trader hunt for any clues of when the rate hike may occur. This is...
Gold looks like its setting up for a bullish breakout. Targets on screen. Trade with caution! We all know what GOLD can do!
Here's a video of the breakdown we performed on the EURUSD in this morning's Live Trading Room www.youtube.com If you're interested in trading with me Live, check out our FREE 1 week trial. See you in the room! tradeempowered.com Akil Stokes Chief Currency Analyst www.TradeEmpowered.com
USDCAD has provided several excellent trading opportunities over the last couple of weeks. It continues to do so for us as we have recently this week completed drawing a head and shoulders pattern. These patterns are typically a sign of a reversal, in order for me to trade them I must see them completed in not only a timely fashion, but also visually and...
USDCHF saw a breach of a key resistance level during Monday's trading hours that gives rise to another trading opportunity. Base picture above shows the Daily chart and a closed candle outside of a wedge formation. 2 Ways to trade - Depending on your own personal style of trading there are 2 recommended ways to approach this set up. Pending Buy Stop: .9840 ...