Akil_Stokes
Long

EURAUD: Got the breakout, now Looking for the pullback

FX:EURAUD   Euro Fx/Australian Dollar
Although I don’t day trade on Monday’s I have a handful of pairs on my radar for my swing trading portfolio. Multiple patterns on the EURUSD             , a few setups on USDJPY             , NZDUSD             and of course the chart above on EURAUD             .

We were watching this pair last week for the bullish breakout and now that we’ve gotten it, the next chance to hop on would be at a pullback. Looking on the hourly we also have a potential bullish bat pattern setting up as well which lines up with what my top down analysis is telling me.

If the buyers want to maintain control over this pair then we shouldn’t see a dip below that 1.48 level as that even handled number would be a cheap price to reinvest.

I’m expecting a busy week in the markets so be careful out there. Lots of news coming out, especially between Tuesday & Wednesday.

Good luck this week traders and if you didn’t get a chance to this weekend, make sure you check out my latest YouTube video talking about market Psychology & why we see the movements that we do.
https://www.youtube.com/playlist?list=PL3pkGkL2zWpHt7X4ZeT0w0n6hk0C8Lwx1

Akil Stokes
Chief Currency Analyst
http://www.TradeEmpowered.com
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Hey! Almost same opportunity in GBPAUD. Good Luck!
Trend Continuation: GBPAUD Outside return into Cypher Pattern.
+1 Reply
great find!
Reply
felix92 Akil_Stokes
Thanks Akil!
+1 Reply
No problem, I'm about to do my HTF analysis and I'll probably add this to tonight's Syndicate video
Reply
felix92 Akil_Stokes
We're filed on both pairs. See if we can get some profits out of them..Good Luck!
Reply
Cha-Ching, at least on the GBPAUD, appreciate the head up on this one, I really wanted to get long on gbp pairs going into the overnight due to the CPI release but needed some technical reasons to do so.
+1 Reply
felix92 Akil_Stokes
High prob. patterns at high prob. level with a high prob. risk reward is a perfect way to get involved, I guess.
+1 Reply
Amen to that
Reply
SharifAzadeh Akil_Stokes
What's your opinion now Akil?
+1 Reply
Akil_Stokes PRO SharifAzadeh
I'm still in the trade so it's the same. I would say that I'm expecting a loser on this trade though since structure has been violated
+1 Reply
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