Akil_Stokes
Long

EURUSD: A Pullback to Where We Had Our Eyes Glued Yesterday

FX:EURUSD   Euro Fx/U.S. Dollar
Happy Friday traders! A lot of my radar today but I wanted to focus on the EURUSD             since I know that’s a pair that many of you are tracking especially those of you who accepted my challenge from yesterday’s YouTube video. ( https://www.youtube.com/watch?v=tFhkTDewAgU )

Personally I’m still bullish from the Gartley pattern earlier this week, but if I weren’t I’d be all over the bull gartley that just completed & at the time of writing this is still hovering around those entry points. Aside from it being an advanced pattern this gartley also represents a pullback that is coming right back into a previous structure high & a zone that we were heavily watching in the Live Room yesterday. I’m not too certain about seeing a move all the way up to the bigger bat, but that’s where my initial targets are at for what I’m trading so trust me, I would not be upset it that happened. A little lower we have a potential cypher pattern as well.

Best of luck today gang, after killing the markets last week, it’s been a rough go for me over the past 4 days. Yesterday’s eurjpy             trade played out well and like I said in my video, the worst case scenario in my Euro             position is +80pips so that will help, but in general when you win big, you should always expect to donate some back.

Other pairs on my radar today are the gbpusd             (currently long), gbpjpy             , usdjpy             , nzdusd             (currently long) and the euraud             .

See many of you in the live room at 8am eastern!

Akil Stokes
Chief Currency Analyst
http://www.TradeEmpowered.com
Akil@Tradeempowered.com /@AkilStokesRTM /
Forex Weekend Review Videos:
https://www.youtube.com/playlist?list=PL3pkGkL2zWpHt7X4ZeT0w0n6hk0C8Lwx1
Perfect post Akil!
+2 Reply
Akil_Stokes PRO StarProsper
Thank you
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Hi all. Happy friday too Akil.
+1 Reply
Thanks
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Setup looks great, but I am a bit confused about whether to take a BUY from within the zone or wait till the end of the bigger bull cypher pattern.
+1 Reply
my advice is "when in doubt, stay out" If you're a Gartley trader you need to trade the Gartley in my opinion, if you're not then it shouldn't even be a concern of yours. The question is "What does you plan say to do?"
+2 Reply
Is it still good to buy after the last price movement?
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as long as the initial target level wasn't hit it's still valid, if it was then i wouldn't look for a second chance
+1 Reply
Hello Akil you are doing great out there . The Kiwi trade was another boom boom.
I trust your abilities but the resistance zone (1.0985-1-1004) is bothering me. You think that will be cleared?
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i'm not sure, nothing as of yet has shown me that it will
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Hey Akil, Great eye mate. Does the market have to violate structure in order to complete the Bullish Cypher pattern?
+1 Reply
Akil_Stokes PRO moneymaking
correct
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moneymaking Akil_Stokes
But wouldn't that decrease the probability of the bullish cypher pattern being successful?
+1 Reply
Akil_Stokes PRO moneymaking
No it occurs on ever cypher pattern because of how C extends past X and D completes beyond B
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Akil_Stokes PRO Akil_Stokes
*every
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moneymaking Akil_Stokes
Oh yes, that's correct. But if we had a cypher pattern that respected the market structure, wouldn't that have higher chances of reaching its targets?
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I just realize that I have not wrote in my trading plan rather or not to hold trades over the weekend.
I am long this pair on the daily. I have pips, and of course I don't want to give them back.
Should I hold this over the weekend?
+1 Reply
Akil_Stokes PRO taychan.martin
If you're a daily chart trader I can't see how you can afford not to hold over the weekends since trades taken on that timeframe usually take longer to play out
+1 Reply
moneymaking Akil_Stokes
I also see NO reason of not holding onto your long eurusd positions. Market is in good bullish structure, this is yelling at us to stay long :)
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as always, great posts Akil. have yourself a great weekend and look forward to more insights next week
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Thanks, wishing you a safe and enjoyable weekend as well
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Akil, thank you so much. Since I followed you, it's 100% winning trade! Amazing figure! Thank you for publishing your idea for free! Have superb weekend !
+1 Reply
Thank you, but I hope you're not blindly following my ideas.
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EURUSD seems to be struggling at the 1.10000 psychological round number. Break and close above that level would add more confidence for holding positions for long term.
+1 Reply
Akil_Stokes PRO moneymaking
I agree, I'd be pretty confident in a continued bullish move if buyers can break that level
+1 Reply
moneymaking Akil_Stokes
Yes, round numbers are like resistance and after broken could act as support :)
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Nice 1! I was actually shorting it, took my profits right @ 1.0926 and called it an early weekend, so missed move up but - hey not the first and not the last missed trade :D
+1 Reply
Good job man
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