EURUSD: Looking For Another Buying Opportunity

FX:EURUSD   Euro / U.S. Dollar
I couldn’t have asked for a better start to this trading week. Unlike last week everything I’ve touched has turned to gold             giving me a very nice cushion going into my first real day of active trading. There is a lot on my radar today including the EURJPY             , USDJPY             , USDCAD             , NZDUSD             & EURAUD             , but I wanted to share my EURUSD             idea with you guys since we’ve been tracking this pair a lot as of late (see related charts).

After pulling off massive profits on the big Gartley pattern , the Euro             buyers is now giving some relief and I’m looking for an area where they might be interested in purchasing once again. My “A-Kill” zone rests from 1.1015’s-1.0920’s and I’ll be sure to keep a close eye on this pair in the live room looking for opportunities to get long.
I do think we can retest our previous major structure level at 1.12’s but I would be sure to get at least partial profits off at a much safer level like 1.11’s for example.

Here's a link to the blog post i wrote yesterday titled "A Much Needed Easy Day" http://tradeempowered.com/a-much-needed-easy-day/

Also, I’m not sure how many of you use the app Periscope, but I’ll be doing an interview with FXTC Magazine around 4:30pm (Eastern) and they said they were going to stream it live on there. First I’ve heard of the app, but if you’re not doing anything feel free to check it out.

Good luck today traders and remember “Plan Your Trade, Trade Your Plan!”

Akil Stokes
Chief Currency Analyst
Akil@Tradeempowered.com /@AkilStokesRTM /
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still valid long opportunity ? its very close to you resistance levels i'm still waiting for 1.0981 level
Akil_Stokes PRO KingVestment
Nice, got that on the radar as well, there's a bearish one too
thx for sharing..this is my view
support at 1.10261? or is this still valid and wait?
+1 Reply
You can certainly take a shot at that level as well if you choose
it's still apply?
+1 Reply
I have opened option spread for long since last Thursday. Good luck everybody!
I like it when we agree, Akil! I have this pair dropping down to the 1.09600 area where it will hit my take profits on my short trade via a bearish shark pattern and book 152 pips profit. At around 1.09645, it will complete the bullish 5-0 pattern right smack in the middle of your "kill zone" and I'll be looking at PA for a chance to get long around there.
+1 Reply
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