Akil_Stokes

EURUSD: Two Levels on my Radar Part III

FX:EURUSD   Euro Fx/U.S. Dollar
The Euro             is still one of the main pairs on my trading radar as it has been all week. Although we've yet to reach the level where I have buying interest we have been able to take a few bearish day trades in anticipation.

(If you missed my rant yesterday on the USD Bulls and the game they played during the FOMC yesterday make sure you check out yesterday's Syndicate video. Very Sneaky!)

In today's day trading session I'll be looking for yet another bearish TCT opportunity in anticipation of us reaching our lower levels of structure support as there looks to be about a 40 pip range which is more than enough for the lower time frames.

Swing trading wise, I'm still looking to buy starting at our Green box, but not aggressively so I'll have to wait for price action to dictate my decision making as I watch it test that level.


Akil Stokes
Chief Currency Analyst & Head Trading Coach
http://www.TradeEmpowered.com -The Premier Online Trading Education Company

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Trade active: Long at 1.1132
Trade closed: target reached: 1st target hit for +102
Nice Chart, totally agree, can it retrace from the current position, or later USD news can push it further down
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Thanks
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Have you got your eye on the Bat and Gartley formations?
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Yes, didn't notice it until this morning, but I was just filled long
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Hi Akil, can we buy now?
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Only if the rule sin your trading plan say it's okay to
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Where did you place tp and Sl? Great analysis
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Akil_Stokes PRO No95TradingCo
Below structure support & and the 38.2 & 61.8 fibonacci levels
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What is your TP Akil_Stokes?
+1 Reply
38.2 & 61.8 fibaoncci retracements
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Pipsbd Akil_Stokes
Thank you boss
+1 Reply
No problem
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buying at those levels is like catching a falling knife
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I would make sure to stay away then
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hatzitesla Akil_Stokes
hahaaa...ok man that was a good one...keep it up!
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Thanks
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is this an aggressive entry on the 1hr chart akil, you don't wait for a double bottom?
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I used a limit order, I just posted a chart of what we found this morning for reason for entry
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awesome man
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Thanks
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evo8fx Akil_Stokes
Its not always that quick and painless. Thanks Akil.
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You're welcome and yeah usually they aren't, but every once in a while you need one like that
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Well done mate, caught good pips myself. thank you for sharing as always :)
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Akil_Stokes PRO moneymaking
Well done!
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moneymaking Akil_Stokes
Thank You, appreciate it :)
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What do you think is gonna happen now Sir? After that law maker is murdered? What today holds for EuroUSD?
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I'm not sure how the market will react to that. I wouldn't think it would have any affect but you never no. The charts will tell us I suppose.
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