EURUSD: A Look Ahead (Day 1)

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 www.TradeEmpowered.com
You Can Check Out My Weekly Trading Videos Here: www.youtube.com/playlist?list=PL3pk...