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Akil_Stokes
Aug 19, 2016 10:38 AM

EURUSD: Bearish Bat, Bearish Cypher, Structure Short Short

Euro Fx/U.S. DollarFXCM

Description

We've had this one on our radar for a while now & finally price action has reached the completion point for our Bearish Advanced Bat Formation. (There's also a potential Bearish Advanced Cypher Formation hanging out a little higher)

Because this pattern formation is to large for my liking, I'll be keeping an eye on the Pre-Brexit highs for a structure based trading opportunity as my way to potentially get involved. As mentioned in last nights video, I'm actually not to sold on this level as my analysis on the HTF's is telling me bullish breakout. But if there's a conservative way to involved myself (that meets my rules of course) then I'll be in. After all, as a counter trend trader we're only looking to grab a cookie crumb from the market & not a full cookie.

Akil Stokes
Chief Currency Analyst & Head Trading Coach
TradeEmpowered.com -The Premier Online Trading Education Company
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Comments
pixi
Hi akil, agree with you !
Others patterns in the same area


And for the next step
Akil_Stokes
Thanks for the share!
caifu642
But I like full cookies!
TomPower
I like tcdc in my brownies
Akil_Stokes
lol
Akil_Stokes
Go for the full meal then. yum!
isuru003
Thanks for analysis
Akil_Stokes
you're welcome
foresty_s
Great job man. Good luck
Akil_Stokes
Thank you
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