Akil_Stokes
Short

EURUSD: Double Top at Previous Structure

FX:EURUSD   Euro Fx/U.S. Dollar
9 months ago
Looking at a double top at previous structure resistance here on the EURUSD             to continue our TCT on this pair. We've also had the RSI go overbought on the initial test while showing divergence on the second test.

We've been watching for this level all week in the Live Room and Jason Stapleton just added it to his radar as well. So Syndicate members, make sure you tune into this morning's Warroom Meeting to see his take.


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


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9 months ago
Trade active
9 months ago
Trade closed: stop reached: BOOM! Looking to reload shorts on the potential bearish bat formation above
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VasilyPonomarev
9 months ago
Thank you, Akil, for your ideas and videos on YouTube :)
+2 Reply
Akil_Stokes TOP VasilyPonomarev
9 months ago
You're welcome
Reply
Boumrah
9 months ago
i'm thinking the break of the uptrend line will confirm the bearish divergence,because EUR is testing the previous broken trendline
EURUSD NEXT HOURS
+1 Reply
Akil_Stokes TOP Boumrah
9 months ago
Thanks for sharing your idea. I think it's great for traders to see all of the different perspectives that exist at a single moment
Reply
Boumrah Akil_Stokes
9 months ago
you are Great Mr Akil,think you for sharing your idea.
+1 Reply
Akil_Stokes TOP Boumrah
9 months ago
No problem
Reply
HussienRyad
9 months ago
nice i didnt even notice them can i ask i can see a rising wedge wt if it failed to break the wedge from down side can it reach up to 1200 or thats hard for today and those 2 tops confirm the upcoming downside--sorry for the poor english again
+1 Reply
Akil_Stokes TOP HussienRyad
9 months ago
It does not look like a rising wedge on the weekly to me
Reply
J-P
9 months ago
so the target will be at 1.11352?
+1 Reply
Akil_Stokes TOP J-P
9 months ago
the target was a retest of previous structure lows, followed by an extension to next structure lows
Reply
ratanak
9 months ago
Hi in this cases the trend would up or down?
+1 Reply
Akil_Stokes TOP ratanak
9 months ago
bearish. Have you watched our "Into the grey" training? If not that's a perfect place to start if you're having trouble identifying the underlying trend of a market
Reply
taraksias
9 months ago
what does TCT mean?
+1 Reply
Felix_Hoevelborn taraksias
9 months ago
Trend Continuation Trade
+1 Reply
taraksias Felix_Hoevelborn
9 months ago
gosh that was too obvious for me to miss :) cheers mate
Reply
Akil_Stokes TOP Felix_Hoevelborn
9 months ago
Thanks Felix!
Reply
Akil_Stokes TOP taraksias
9 months ago
Trend continuation Trade
Reply
Felix_Hoevelborn
9 months ago
Yeah man. Took the Bat on the 15 min early in London session. Hit Target 1. Went over to EURJPY to short the EURO (15 min Bat). Have a great day.
+1 Reply
Akil_Stokes TOP Felix_Hoevelborn
9 months ago
Thanks, hope you had a great day as well
Reply
TJtrader
9 months ago
Thanks Akil, I got that one too, it is also at 61.8% of last leg. :)
+1 Reply
Akil_Stokes TOP TJtrader
9 months ago
Well done
Reply
saiaanfx
9 months ago
sir am in sl shud above d arrow na
+1 Reply
Akil_Stokes TOP saiaanfx
9 months ago
It all depends on your rules for trading this type of setup. There are multiple ways/places to place stops
Reply
agentkatoon
9 months ago
Thank you akil but is your thoughts same after news just now?still TCT?
+1 Reply
Akil_Stokes TOP agentkatoon
9 months ago
Yes, I don't concern myself with the news, just the reaction to it and what price tells me about that reaction
Reply
Boumrah
9 months ago
Long EUR,look at the daily chart
+1 Reply
Boumrah Boumrah
9 months ago
Bullish Cypher pattern + the up trendline still supported
+1 Reply
Akil_Stokes TOP Boumrah
9 months ago
Thanks for sharing your opinion, I think it's great when we can see the different perspectives that exist
Reply
Akil_Stokes TOP Boumrah
9 months ago
Nice!
Reply
Laurence
9 months ago
Shall we buy now Sir Akil?
+1 Reply
Akil_Stokes TOP Laurence
9 months ago
If that's what your trading rules tell you to do
Reply
Carlos_LL
9 months ago
Hi Akil, there seems to be a weird looking Cypher finishing, with X @ previous structure.
+1 Reply
Carlos_LL Carlos_LL
9 months ago
Oops, not Cypher, Gartley.
+1 Reply
Akil_Stokes TOP Carlos_LL
9 months ago
We noticed that as well
Reply
KristupasDaunys
9 months ago
Its a simple breakout trade :)
Reply
Germaine_Mills
9 months ago
Am I the only one that sees the double-bottom?
+1 Reply
Akil_Stokes TOP Germaine_Mills
9 months ago
No you'r e not the market had previously double bottomed
Reply
lazly94
9 months ago
snapshot
+1 Reply
Akil_Stokes TOP lazly94
9 months ago
Thanks for sharing your opinion
Reply
Akil_Stokes TOP
9 months ago
Sorry for the late comments, I've been on the road
Reply
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