Akil_Stokes
Short

EURUSD: The Next Potential Reversal Zone

FX:EURUSD   Euro Fx/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.

“Plan Your Trade, Trade Your Plan”

Akil Stokes
Chief Currency Analysis at Trade Empowered
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im in this game too!
GL Akil!
+1 Reply
Nice, let's see how the week plays out
+1 Reply
welcome back we have missed you. and hope you had fun
+1 Reply
Thanks and yes I had a lot of fun, like every vacation i wish it could have lasted a little longer
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Welcome back Akil! Nice to have you back
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Thanks, good to be back
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I see trading view have now created a Cypher pattern tool that actually shows the correct ratios - Nice..!!!
+1 Reply
Akil_Stokes PRO dionvuletich
Yup, they did a great job of addressing that issue right away. Very professional of them
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oh, and good to see you back Akil
+1 Reply
Akil_Stokes PRO dionvuletich
Thanks
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Also there is a potential Bat pattern
EURAUD _ Two Pattern and Two Structure !
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OsamaAbouzeid OsamaAbouzeid
Sorry for that error !
EURUSD _ Potential Bat Pattern
+2 Reply
Hey Akil welcome back mate. Hope you had a wonderful VACATION :)
+1 Reply
Akil_Stokes PRO moneymaking
Thanks, i had a great time, made some money too which is always a plus
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NICE ONE AKIL. THIS IS THE KILL-ZONE!
+1 Reply
Or the AKILL-ZONE!!
+1 Reply
moneymaking Akil_Stokes
Hehe I was about to say that, A-Kill zone, LOL :)
+1 Reply
Akil_Stokes PRO moneymaking
Great minds
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tntsunrise TOP Akil_Stokes
Do you know a guy named arthur chan? He is a very good trader and he knows you and jason!
+1 Reply
That name doesn't ring a bell, but I've also never been good with names. how does he know us?
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Chan sounds familiar though
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shitting bricks
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What's that term mean?
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hachre Akil_Stokes
Means I'm scared... haha - I was short at the same level you had pointed out, but I like what's happening by now!
+1 Reply
Ahh, i getcha
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Hey guys, i really want to know how to properly draw harmonic patterns. im looking at the USDCAD on the 1HR chart and i drew something like from following guys like akil and other harmonic pattern traders. i see a bearish bat pattern according to my drawing and analysis. Can you guys check on the USDCAD if this is really true. Thanks
+1 Reply
I know I've got one on my radar, so assuming that we're looking at the same thing, i'd say you're correct
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DirtyBoss Akil_Stokes
Thanks man. it's just that i drew leg C based on the fact that price turned there, so i wasnt sure if D is correct
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moneymaking DirtyBoss
Sorry to interrupt, but is this the pattern you guys talking about :

snapshot
+1 Reply
DirtyBoss moneymaking
yes it is
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moneymaking DirtyBoss
Great, that pattern got really good risk-to-reward on it. Definitely need to keep an eye on it :)
+1 Reply
DirtyBoss moneymaking
so when is it okay to sell. when the price reaches D directly?
+1 Reply
moneymaking DirtyBoss
According to the bat pattern rules, yes, your entry is at the D point completion. With your stops just couple pips above the X point. What matters is what does your rules aout trading bat patterns says :)
+3 Reply
DirtyBoss moneymaking
okay thanks you man
+1 Reply
moneymaking DirtyBoss
No problem mate, anytime :)
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Akil_Stokes PRO moneymaking
Same thing as I'm watching
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moneymaking Akil_Stokes
All the BEST Akil :)
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thanks for all. Mr.Akil
+1 Reply
No problem, you guys got to stop calling me Mr. Akil though, you making me feel old ;-)
+4 Reply
moneymaking Akil_Stokes
Hehe, naah you not old at all :)
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BBFX Akil_Stokes
Yeah... call him Mr. Stokes!!! ;-)
+1 Reply
Very good call on this one!
+1 Reply
Thanks, nothing I got involved in, but always good to see analysis pay off
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would the target be 61.8 of the impulse move?
+1 Reply
No, i actually didn't have a clear profit level that I was a fan of, which was one of the reasons i didn't get involved.
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ImranIshaq Akil_Stokes
ok Thanks mate.
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In general (advanced patterns aside) my targets are based on structure not fibonacci
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I may put out a video on this trade a little later today looking at how we broke down this potential trading opportunity in my Live Trading Room this morning. So make sure you check out my youtube page later on today https://www.youtube.com/channel/UCVveEks3MWZqOsvzTF_LGQg?sub_confirmation=1
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im waiting for completion of a harmonic pattern for a PRZ level to reverse.
snapshot
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what is your tp on this?
+1 Reply
Akil_Stokes PRO dr.gsbharaj
I'm not involved in the trade
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goodshot Akil_Stokes
Was able to gain from closing long positions before EUR/USD failed to breakout but accidentally went long again, i think I'm trapped with the bear.. Any suggestions? Im new to this and I'm surely following you.. :)
+1 Reply
My rule of thumb is whenever I'm in a trade that I'm not supposed to be in, I exit right away
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goodshot Akil_Stokes
Wohoo! Good thing i held on to it.. I closed it the moment the trend surged back. It was just luck that made me safe. :)
+1 Reply
Sometimes we need a little luck on our sides in these markets
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I've just released a trading video walking you through how I perform technical analysis using harmonics, fibonacci & structure. This EURUSD trade was the example I used https://youtu.be/Qxi7KNW-38M
+1 Reply
moneymaking Akil_Stokes
Great Tie by the way Akil. Enjoyed the video :)
+2 Reply
Akil_Stokes PRO moneymaking
Thanks, my sister made it for me
+1 Reply
Sadly the short opportunity failed..
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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
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
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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 :)
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More accurate levels:
EUR/USD:

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