Akil_Stokes
Long

EURUSD - Bullish 2618 Opportunity

FX:EURUSD   Euro Fx/U.S. Dollar
In yesterday's Forex Market Preview video we took a look at the affects that making simple trading mistakes could have on your trading. In that video I used the double bottom as and example and discussed the importance of waiting for confirmation.

Well for those traders who are looking for an even more conservative approach to getting involved in the markets, the 2618 trade is about as conservative as it gets.

What you'd be waiting for is a move back down into the 61.8 Fibonacci retracement and either entering aggressively with a limit order at that level (or in that zone) or having that be the start of your "Kill-Zone" where you can then look for you entry reason.

If you're unfamiliar with this trade make sure to visit our site as we have a free training video on it. Good luck this week traders. I'm looking forward to seeing if I can throw together a positive week after getting somewhat beat up by the markets this past week.

Akil Stokes -Head FOREX Trading Coach at Trade Empowered
Check Out Our Free Training https://goo.gl/5e8Jcr
TradeEmpowered On Youtube https://goo.gl/IscNch
Akil Stokes on Youtube https://goo.gl/u5kDC3
"Plan Your Trade, Trade Your Plan"




Rebounds

ManGaBeiRa
a month ago
Great as always, Akil!
I actually bought the Double bottom and made 25pips overnight (Brazil Timezone here), but thought I might wake up with a loss, since I kept a really short SL for that one...
If the 2618 happens, I'll be buying again, but I still see a Strong Downtrend on this pair, don't you?
Cheers!!!
+1 Reply
Akil_Stokes TOP ManGaBeiRa
a month ago
Well done! Euro's been difficult this year a sit's a true example of a consolidating market. Honestly I don't know what to expect, but from looking at the chart a move to 1.0820's wouldn't surprise me as we have some more key support around that price level
Reply
ManGaBeiRa Akil_Stokes
a month ago
Yep!
That is my longer term Target here...
Short from 1.10550 after the Up Trend Line was Broken and tested.
Closed 60% at "Pos-Brexit" resistance (1.09150), Stop Gain above that area now...
Let's see how it goes...
Thanks again, Akil!!!
+1 Reply
Akil_Stokes TOP ManGaBeiRa
a month ago
No problem, and best of luck with the rest of your trade!!
Reply
arif_awan ManGaBeiRa
a month ago
New analysis for EurUsd
+1 Reply
Akil_Stokes TOP arif_awan
a month ago
Love the colors! Thanks for the share
Reply
arif_awan Akil_Stokes
a month ago
Welcome
Reply
alimaged
a month ago
hi akil . good job but there are two bearsih advanced patterns are going to complete on daily chart but at much low level or am i wrong
+2 Reply
Akil_Stokes TOP alimaged
a month ago
Those aren't setups that I have on my radar, but generally speaking it's important to separate your strategies meaning the potential advanced pattern formations have no effect on the 2618 and vice versa.
Reply
alimaged Akil_Stokes
a month ago
thanks akil i learned a lot from you
+1 Reply
Akil_Stokes TOP alimaged
a month ago
Thank you that's awesome to hear
Reply
alimaged
a month ago
snapshot
+4 Reply
Akil_Stokes TOP alimaged
a month ago
Thanks for the chart share
Reply
MartinKirkelundLedet alimaged
a month ago
Exactly my thoughts! :-)
+1 Reply
MartinKirkelundLedet MartinKirkelundLedet
a month ago
pattern
+1 Reply
Akil_Stokes TOP MartinKirkelundLedet
a month ago
Thanks for showing you idea
Reply
Akil_Stokes TOP MartinKirkelundLedet
a month ago
Thanks for the share
Reply
alimaged MartinKirkelundLedet
a month ago
yes ;)
Reply
The way the candles are setting up at this stage in the game, also has me looking at a 1.618 FIB Inversion Trade
+1 Reply
Akil_Stokes TOP BennyManieri
a month ago
Nice!
Reply
PaganZonda
a month ago
This setup is still valid, let me jump in as well,
+1 Reply
Akil_Stokes TOP PaganZonda
a month ago
Nice, hopefully it worked out well for you!
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out