Looking at a potential head & shoulders buy set up on the AUDCAD coming into a structure filled level. We also have a 61.8 fibonacci retracement with HTF confirmation at that level as well. Certainly a trade I'll be keeping my eye on tonight and tomorrow for a change to get long.
Syndicate Members: Tonight's video will be discussing this opportunity.
Akil...
Here's a look at one of the trades that we're going to look at in tonight's Syndicate video (just emailed out!) on the EURUSD and a great example of putting our I.P.D.E. thought process to work.
Price has just broken above previous structure resistance, giving us the indication that we're likely to see a continuation higher. The buying opportunity would come on a...
After going overbought on the daily chart about a week ago the EURGBP has done nothing but consolidate & given us sideways movement. These ebbs and flows of price action have now set up the opportunity to take advantage of a bearish Advanced Gartley Formation completing at 0.8612
This pattern formation was also discussed in this week's FMP starting at the 12...
Just wrapped up my nightly top down analysis and aside from my 3 open positions, there isn't much else that caught my attention on my trading portfolio. So as always I like to get some practice in by working through analysis on other pairs/markets.
Looking here at the DAX we have a bullish Advanced Gartley Formation that has completed the "D" leg. The last...
I have two levels on my radar looking for long entries on the EURUSD. The first is our current level of previous structure where the RSI has already dipped into oversold territory and the second is beneath that near the 1.1150 level.
After a heavy week of training over the past 7 days, I'm excited to flip the focus back to "Trading" and hopefully I can make up...
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...
After this big double top, we are looking for a retrace before shorting. we believe it will fall at least till 0.67, then it is possible that it raises a lot..... 0.75 and up
I just posted a video explanation of this as well. But something I like to do each night is to work on my trading skills by picking out random charts & performing some technical analysis on them. Tonight I decided to share my analysis with you and I CHALLENGE YOU to get in the habit of hitting the gym (the charts) each night and doing the same.
IF you do THEN...
It's been a week since I've found anything to trade on the Euro, but maybe that will change soon as I have 2 potential buying opportunities on my radar heading into today's trading day.
Still in consolidation I'm not predicting any type of continuation move, rather I'm looking for previous support and resistance levels that I can take advantage of as this market...
Since last week's trading was pretty rough I'm ooking forward to the opportunities that present themselves this week. For you NBA fans out there this has got to be how the Golden State Warriors feel tonight after suffering the biggest upset in NBA history to the Lakers yesterday.
Her eon the USDJPY is a potential bullish Bat Formation completing at 112.42. i'm...
About a week ago I posted a chart looking at a potential bearish bat pattern on the EURUSD & told you that I'd be looking for reasons in my Live Trading Room to get involved in the move up to that level.
Well this week I was able to take advantage of that opportunity & wanted to share with you the video demonstrating how exactly I did so. www.youtube.com
I'm...
As I showed you in yesterday's video, the fun thing about trading is the fact that we are constantly updating and adjusting our analysis to go along with the recent price moves.
The recent moves on the GBPJPY have eliminated my harmonic predictions, yet have opened up a new opportunity in the form of a second advanced pattern.
Akil Stokes
Chief Currency...
Looking for a short opportunity here on the GBPJPY using advanced pattern recognition, harmonic movement, Fibonacci ratios and structure identification. For a more in depth explanation of what i'm looking at see the attached video link below.
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com
"Learn to Trade: FOREX TRADING Using...
USDCAD has been a pair that I've had my sights on for a while now. After clearing our previous level of resistance I see nothing in the way of $1.40. My optimal reversal zone starts a little bit lower around the 1.3420 level but any chance I have to get long, i'm going to take and will be certainly keeping a portion of my position on for the bigger potential move...
Potential bullish Cypher pattern working from C to D on the NZDUSD 4 hour chart. If you look left you'll see that the Cypher completion also comes in an a decent level of previous structure resistance turned support.
One BIG thing to pay attention to as the week goes on is the RBNZ Monetary Policy Statement that comes out on Wednesday at 3pm NY time....
Continuing on last nights GBPUSD discussion we now have both a potential bullish Cypher and bullish gartley pattern setting up at our previous level of resistance turned support.
Akil Stokes
Chief Currency Analyst & Trading Coach
www.TradeEmpowered.com
Make sure you head over to youtube (search "Akil Stokes") and check out my most recent Weekend Review...
