EURUSD: Technical Analysis before tomorrow's News Releases

FX:EURUSD   Euro Fx/U.S. Dollar
Here's a chart of the analysis that I did in tonight's video showing you how I would conduct my technical analysis on the EURUSD             prior to tomorrow's Jobs report.

I don't even pretend to know or predict what the outcome will be. All I can do is attempt to stay one step ahead of the markets by preparing any potential trading opportunities before hand instead of reacting emotionally.

Video of this analysis: https://www.youtube.com/watch?v=jcrS4RO15Cc

Akil Stokes
Chief Currency Analyst & Head Trading Coach
http://www.TradeEmpowered.com -The Premier Online Trading Education Company
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Trade active
Trade closed: target reached
Hey, Akil!
I got in at the highest point, and took out money while it was hot, although it was too early, but anyway, outcome is fine!
Good Luck.
EU | pip in a pip | Predicted by Absolute Fibonacci Theory.
+1 Reply
Akil_Stokes TOP MetalCruisers
Great job man!
TomPower Akil_Stokes
Didn't see any evidence of a turn there, how did you know?
So wait for the kill zone and then buy right?
Wait until price action meets what your rules of engagement are to enter the trade
Not in on this trade, but looks like a winner winner chicken...miss the live room...hope to be back one day!!!
+1 Reply
Hope to have you back
are you thinking about trading the bat that just completed?
+1 Reply
fxtrader1980 fxtrader1980
it is on the 60 min chart. Should have mentioned that. Sorry.
+1 Reply
Akil_Stokes TOP fxtrader1980
No, it's not a bat formation per how I trade, but I do plan on trading the bearish cypher
Akil_Stokes TOP fxtrader1980
I apologize, I just relooked and you were correct, that was a bearish bat formation. I'm sorry I should have looked closer before typing FXTrader1980
fxtrader1980 fxtrader1980
Haha. You had me wondering what it was that made it not a bat. I didn't want to bother you though so I just left it alone. Good to stay away anyways. The pattern failed and it took out my stop at the 1.13 retrace of the xa leg
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