Akil_Stokes
Long

EURGBP: Return To Structure

FX:EURGBP   Euro Fx/British Pound
Syndicate members there will be a video uploaded breaking down this trade shortly (I have to re-produce it), But what I'm looking for on the EURGBP             is a Bullish trend continuation trade opportunity.

The Red & Green boxes represent levels of structure in the market with Red being resistance & Green being Support. As you can see originally resistance held, but once beaten down was turned to support which was also retested and held before rallying higher.

If price action were to return to this level it would offer us a potential trend continuation trade as this market has a lot of upside potential.

Akil Stokes
Chief Currency Analyst & Head Trading Coach
http://www.TradeEmpowered.com -The Premier Online Trading Education Company

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Have notice already Akil. Waiting for price to retest the zone for entry. Good RR lets see if prices go there
+1 Reply
Akil_Stokes PRO NunoNascimento
Let's see what happens
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it's too overbought to buy at this level, sorry
+1 Reply
Seeing how indicators are lagging, I'm a little confused on how you're able to tell if it's too overbought, or too oversold at a level that the price hasn't even arrived at yet.
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BilboFx Akil_Stokes
my idea is that when ADX are on the top it's not times to buy
+1 Reply
Gotcha
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BilboFx Akil_Stokes
No i don't like bull trap I am very independent cerebrally I hate brain scrambling, people are all in brain storm
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I'm sorry but I'm not sure what you mean by "brain scrambling, people are all in brain storm" but I didn't want to seem like I was ignoring your comment.
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BilboFx Akil_Stokes
Turtle soup perhaps
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BilboFx Akil_Stokes
I prefer now to buy, looking for a signal
+1 Reply
Nice! Hopefully it'll provided you with a reason to get involved
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BilboFx Akil_Stokes
perhaps but tomorrow Theresa May take orders Thursday, July 14 and I'm leaving for the weekend next week week we'll see options
+1 Reply
BilboFx BilboFx
tomorrow be carefull
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I hope you enjoy your long weekend. I'll be taking a day off this week as well
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BilboFx Akil_Stokes
Thanks you good day to you also.

I have try to buy EURGBP yesterday evening at 0.8353 but stopped at 0.8323 new buy at 0.8311 and 0.8315 this morning

I'll cash a stop and put the entry price on the other
+1 Reply
Awesome, bets of luck with your trading opportunity
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BilboFx Akil_Stokes
can be but my trading is based on euphoria and greed of people why I use a lot of DMI and ADX does it not say when ADX is above 50 it is time to take his profits that is why I am rather contrarian that I look much momentum and I'm looking for all the differences even small in small timings
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BilboFx BilboFx
like that in this moment on the indice US Stock are too expensive i say and people continue to buy buy buy until the day where
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BilboFx BilboFx
Triple tops is in the good books of many people
+1 Reply
I see nothing wrong with being a contrarian after all 90% of traders fail, so doing what everyone else is doing isn't really a good thing
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