EURUSD: A Pullback to Where We Had Our Eyes Glued Yesterday
Happy Friday traders! A lot of my radar today but I wanted to focus on the EURUSD since I know that’s a pair that many of you are tracking especially those of you who accepted my challenge from yesterday’s YouTube video. ( www.youtube.com/watch?v=tFhkTDew... )
Personally I’m still bullish from the Gartley pattern earlier this week, but if I weren’t I’d be all over the bull gartley that just completed & at the time of writing this is still hovering around those entry points. Aside from it being an advanced pattern this gartley also represents a pullback that is coming right back into a previous structure high & a zone that we were heavily watching in the Live Room yesterday. I’m not too certain about seeing a move all the way up to the bigger bat, but that’s where my initial targets are at for what I’m trading so trust me, I would not be upset it that happened. A little lower we have a potential cypher pattern as well.
Best of luck today gang, after killing the markets last week, it’s been a rough go for me over the past 4 days. Yesterday’s eurjpy trade played out well and like I said in my video, the worst case scenario in my Euro position is +80pips so that will help, but in general when you win big, you should always expect to donate some back.
Other pairs on my radar today are the gbpusd (currently long), gbpjpy, usdjpy, nzdusd (currently long) and the euraud.
See many of you in the live room at 8am eastern!
Akil Stokes
Chief Currency Analyst
www.TradeEmpowered.com
Akil@Tradeempowered.com /@AkilStokesRTM /
Forex Weekend Review Videos:
www.youtube.com/playlist?list=PL3pk...
Personally I’m still bullish from the Gartley pattern earlier this week, but if I weren’t I’d be all over the bull gartley that just completed & at the time of writing this is still hovering around those entry points. Aside from it being an advanced pattern this gartley also represents a pullback that is coming right back into a previous structure high & a zone that we were heavily watching in the Live Room yesterday. I’m not too certain about seeing a move all the way up to the bigger bat, but that’s where my initial targets are at for what I’m trading so trust me, I would not be upset it that happened. A little lower we have a potential cypher pattern as well.
Best of luck today gang, after killing the markets last week, it’s been a rough go for me over the past 4 days. Yesterday’s eurjpy trade played out well and like I said in my video, the worst case scenario in my Euro position is +80pips so that will help, but in general when you win big, you should always expect to donate some back.
Other pairs on my radar today are the gbpusd (currently long), gbpjpy, usdjpy, nzdusd (currently long) and the euraud.
See many of you in the live room at 8am eastern!
Akil Stokes
Chief Currency Analyst
www.TradeEmpowered.com
Akil@Tradeempowered.com /@AkilStokesRTM /
Forex Weekend Review Videos:
www.youtube.com/playlist?list=PL3pk...
"The Trading Coach Podcast" - Available on your favorite podcasting app!
anchor.fm/thetradingcoachpodcast
anchor.fm/thetradingcoachpodcast
