Hey guys, it’s great to be back. My body is still adjusting to the time difference but my mind is feeling very stimulated looking at charts once again. I have a few ideas in my mind about the EURUSD for short and long term selling opportunities. The short term opportunities are will be more served for my intraday/day trading so we’ll go over them in my Live Room but my longer term selling opportunity would come if the market were able to push up to our next level of structure.
On my chart I marked out a potential reversal zone that lies between structure and a few Fibonacci extensions/inversions 1.1070’s-1.1130’s Big zone, but right now this is a longer term forecast in order to give time to prepare. Although we haven’t been able to take out the 1.0818 lows from back in May, we also haven’t taken out any previous structure highs causing me to believe that we should see some type of reaction at that level.
I’ll be keeping an eye on this as it evolves and again, I’ll be looking for shorts today as well in my Live Room, but this is certainly something to keep an eye out for throughout this trading week.
Feel free to share your thoughts on the Euro as well as we’ve done a GREAT job of generating discussion featuring different ideas and different viewpoints. Remember there’s no wrong way to trade as long as you’re following your plan, so let’s keep the feedback on these ideas professional.
“Plan Your Trade, Trade Your Plan”
Akil Stokes
Chief Currency Analysis at Trade Empowered
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tradeempowered.com/learn-to-trade/
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www.youtube.com...MWZqOsvzTF_LGQg?sub_confir...
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On my chart I marked out a potential reversal zone that lies between structure and a few Fibonacci extensions/inversions 1.1070’s-1.1130’s Big zone, but right now this is a longer term forecast in order to give time to prepare. Although we haven’t been able to take out the 1.0818 lows from back in May, we also haven’t taken out any previous structure highs causing me to believe that we should see some type of reaction at that level.
I’ll be keeping an eye on this as it evolves and again, I’ll be looking for shorts today as well in my Live Room, but this is certainly something to keep an eye out for throughout this trading week.
Feel free to share your thoughts on the Euro as well as we’ve done a GREAT job of generating discussion featuring different ideas and different viewpoints. Remember there’s no wrong way to trade as long as you’re following your plan, so let’s keep the feedback on these ideas professional.
“Plan Your Trade, Trade Your Plan”
Akil Stokes
Chief Currency Analysis at Trade Empowered
-----------------------------------------------------------------
-----------------------------------------------------------------
Click Here for 20+ hours of FREE Training
tradeempowered.com/learn-to-trade/
-----------------------------------------------------------------
-----------------------------------------------------------------
Click the link below to subscribe for more FOREX TRADING videos
www.youtube.com...MWZqOsvzTF_LGQg?sub_confir...
Facebook: www.facebook.com/AkilStokesTrader
Twitter: twitter.com/AkilStokesRTM
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