EURUSD: A Look Ahead (Day 1)

FX:EURUSD   Euro / U.S. Dollar
The response of last week's test of following a single pair throughout the entire week was FANTASTIC! I really enjoyed doing it, and a lot of you really enjoyed seeing how my analysis (IF/THEN Thought Process) changes throughout the week. Per request, this week I'll be following the EURUSD             . Now Monday's are typically my non-trading day. I will place them if something comes up, but I'm not as actively engaged in the markets due to my educational obligations and because I like to give the market a full London & New York session to feel its way out.

So I haven't done any long term analysis on the Euro             as of yet, but I did notice two potential Gartley patterns that are setting up. One bullish and the other bearish . Which makes perfect sense if you think about it since this pair as been in consolidation and consolidation breeds pattern trading opportunities.

I'll keep you guys updated each day this week on how my thought process had changed and if I ended up entering a position or not. Speaking of positions, your you guys that were following me last week with my GBPUSD             analysis, i did end up entering long this morning down at 1.5810's. I'm looking for an initial bounce to 1.5850's and if we can continue to see GBPUSD             strength after that, well let's say that I'll be a very happy camper.

Talk to you guys throughout the week!

Akil Stokes (@AkilStokesRTM)
Chief Currency Analyst at http://www.TradeEmpowered.com
You Can Check Out My Weekly Trading Videos Here: https://www.youtube.com/playlist?list=PL3pkGkL2zWpHt7X4ZeT0w0n6hk0C8Lwx1
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Akil_Stokes you are the best in this bro....thanks for teaching us how to trade right..
+1 Reply
Thanks George, glad I can have such a positive impact on you guys
Akil now we are long , I'm long from 1.1225
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Best of luck
You have soooo taught me well. I picked this out too prior to reading this. I'm inside your head Akil!
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Akil_Stokes BennyManieri
Get out of my head!!! Well done
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Akil, I think we might validate your bearish pattern first, then head for the Gartley/Bat's PRZ.
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Akil_Stokes IvanLabrie
That would be awesome if we could somehow get back to backs
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IvanLabrie Akil_Stokes
I think the dollar's still weak and that eurusd and gbpusd will form a coiling pattern before a stronger rally can emerge.
+1 Reply
Akil_Stokes IvanLabrie
I hope you're right, I strong GBP and weak USD would do me wonders right now
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