Akil_Stokes

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
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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.
snapshot
+1 Reply
Akil_Stokes PRO fxtrader1980
No, it's not a bat formation per how I trade, but I do plan on trading the bearish cypher
Reply
Akil_Stokes PRO 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
Reply
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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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
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So wait for the kill zone and then buy right?
Reply
Wait until price action meets what your rules of engagement are to enter the trade
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