EURUSD: The Next Potential Reversal Zone

FX:EURUSD   Euro / U.S. Dollar
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.

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Akil Stokes
Chief Currency Analysis at Trade Empowered
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More accurate levels:

Certainly didnt mean that in a bad way :). I meant to say the retracement did not hit my TP :)..Happy trading everyone
+2 Reply
Nice, i figured as much, typically we don't get "those" types of traders posting on my stuff. Only positive
Josphat89 Akil_Stokes
Apologies sir :).. my bad. Will stay positive next time. Looking forward for more analysis from you. Keep it up!
+1 Reply
hachre Josphat89
You're fine, no worries :)
Sadly the short opportunity failed..
hachre Josphat89
It didn't, it retraced back to 1.1016 before continuing the rally. This was a very short term move.
+1 Reply
Every trader has different targets and stops, so maybe it failed for him but not for you
+1 Reply
hachre Akil_Stokes
Okay, I misunderstood what he was saying then.
+1 Reply
You could be 100% correct in what was being said, I tend to give people the benefit of the doubt and assume that they're not just trying to make a smart remark. But you never know
+2 Reply
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