Akil_Stokes
Short

EURUSD: Next Potential Shorts Part II

FX:EURUSD   Euro Fx/U.S. Dollar
Yesterday a posted a chart showing some analysis that I did on the $EURUSD trying to predict the next shorting opportunity. Although price action reached my killzone, it didn't rally high enough for me to get short.

Later in the day the market completed a "pain free" bullish Cypher formation, and the ensuing rally has provided me with another opportunity to look for potential shorts in my original killzone with the difference being that this time I know I have an aggressive reason to get short due to the potential Bearish Advanced Gartley Formation.


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


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Comment: News to pay attention to today (New York Time)

EUR-Minimum Bid Rate (7:45)
USD-ADP Non-Farm Employment Change (8:15)
EUR - ECB Press Conference (8:30)
USD - Unemployment Change (8:30)
Trade closed: target reached: 1st Targets hit
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Love it!
+1 Reply
Akil_Stokes PRO FistFullofDollars
Thanks
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Bro last pullback is at 1.1179 if price crossed 1.1179 expect to see 1.124
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Nice!
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Thanks for Idea Akil. It is nice to compare with experienced minds. Cheers man.
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Akil_Stokes PRO MetalCruisers
No problem
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As far as for me My first TP is 1.1085 then 1.0985.
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Akil_Stokes PRO MetalCruisers
Good luck, hopefully we'll see a fill on this one
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AKil, please correct me if i'm wrong. I think there is a head and shoulders in daily frame that's why i think it will go down.? Am i right?
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I'm not seeing one, but please don't let that effect your judgement. Stick to your plan!
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hobss2004 Akil_Stokes
you are defiantly correct.. I didn't read your last line in your comment. I completely agree that there is aggressive Bearish Advanced Gartley that's may confused me. this is may explain the power of patterns ;) good luck and thanks for your advice which always help us to understand the charts.
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Thanks Hobbs, good luck to you as well
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hi akil,
thank you for sharing , i see you take every patter in your way whatever it's bullish or bearish is it more profitable than stick with bigger trend?
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You're welcome and yes I take every valid advanced pattern formation. That's the only way I can expect to mimic the expectancy from testing.
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Boss

Euro Usd to Touch 1.1400 to ECB Comments?????
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I have no clue. The markets tend to do what they want, whenever they want to. If I knew for a fact that we'd hit $1.14 I'd be long everything plus the dog
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FxTime Akil_Stokes
Man
From Monday ,Just waiting for 1.1080 to buy to repeat history of 3rd Dec,2015.
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FxTime FxTime
or i missed it !
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Good luck, that would be a big move for you
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FxTime Akil_Stokes
Thanks Sir !
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M4B0X. FxTime
cypher on daily
snapshot
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Thanks for the share, but that's not a cypher pattern. Your "C" leg is not valid, either is your "d" completion
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M4B0X. Akil_Stokes
thx, I'll check this out right away.
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I have the exact same setup on the EURUSD. The Bullish Cypher was a pretty painless trade, now I'm just waiting/hoping for the Gartley to fill. Thanks for sharing your setup Akil!
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Great eyes Rem
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Everything you predicted was perfect, amazing! I am definitely a fan.
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Thanks,
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did you go short already in this trade Akil?
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Yes I'm short
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what is your tp?
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38.2 & 61.8 retracements
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kak6190 Akil_Stokes
sorry for asking too much. can you share the chart with the retracements please
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I cannot I'm sorry, I often try not to put stops and targets on these public charts, because I know that many traders will choose to enter the trade simply because I have and in my opinion it's always a bad thing to blindly follow another trader
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kak6190 Akil_Stokes
sure, thank you sir.
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No problem, thanks for understanding
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juklangel11 Akil_Stokes
the 1.414 extension from the last big leg down we bounced. i'm looking to short the euro but not at these levels...i'm looking at eur/nzd for a proxy trade tomorrow though.
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Akil_Stokes PRO juklangel11
Nice
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juklangel11 Akil_Stokes
1.1330 is a confluence though that the banks might try to pull liquidity to that level before flush them.
have a good one Akil.
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Akil_Stokes PRO juklangel11
Have a good one as well
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Agree. Same conclusion...
EURUSD - Gartley forming potential SHORT
+1 Reply
Nice looking chart!
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Akil what is your TP for this short? Just for comparing.

Thanks!
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Akil_Stokes PRO MetalCruisers
38.2 & 61.8 fibonacci retracements
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I was really hoping it would have made it back to the 38.2 before some of this news hit the market.. that's about 1.1175 or so...
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Yeah, it did nothing over London, I'm sure we'll see something in the next 30mins
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dear Mr Akil, why market price always moving before the news come out, then i will be panic to buy the current fast price movement xD hehe i'm so foolish
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Akil_Stokes PRO DanielAnthony
In times like that my best advice is to stay out. Those who enter late and try and "catch the move" usually get punished the most
+2 Reply
marcus123 Akil_Stokes
Good advice!
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Thanks, unfortunately I learned that lesson the hard/expensive way
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DanielAnthony Akil_Stokes
Sir yes sir, your advice is my command ;)
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Akil_Stokes PRO DanielAnthony
Thanks
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Do you see this as a valid Cypher, i can´t desside if the B leg is valid or not? I´n my opinion its not enough of a move to be a outside return?
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Akil_Stokes PRO ThomasJeff_DCM
I haven't measured it out yet, but yes that "b" leg would work fine for me thomas
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ThomasJeff_DCM Akil_Stokes
Thanks a lot for your anwser, well news just trew in a huge candle.. ohh these markets
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Akil_Stokes PRO ThomasJeff_DCM
No problem Thomas!
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Good call with the TP! Spot on. Thanks.
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Akil_Stokes PRO SebastianRasch
Thanks
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Hey Akil! Just curiosity, I didn't took this one because it didn't fit my trading plan, but l see that it did hit your TP. Seems like you move your TP as price action moves to your stop right? Doesn't that mess out with your RR? Or we have different datas :p Either way, keep it up bro
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Akil_Stokes PRO JeanConsole
Hey Jean, yes adjust your targets will skew the original Risk Reward ratio
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Forget the 'Bearish Advanced Gartley'.

This is a plain and simple failed re-test of a recent high.
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You are correct Mustard, it is a failed retest of previous structure resistance as well
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