Akil_Stokes

EURUSD: Counter Trend @ 1.12s or TCT In Anticipation of the move

FX:EURUSD   Euro Fx/U.S. Dollar
A lot of my radar today going around my trading portfolio including the EURUSD             . After being stopped out for a loss on yesterday’s bullish Bat pattern , we re-did our IPDE process and started making predictions for our next opportunities. I still don’t see a structure level that I’m a fan of on this pair that is until/unless we get down to the 1.1000 area, but the next potential speed bump may come around the 1.1200 even handle number.
Aside from it being a psychological number, we have multiple harmonic moves setting up in that area, some Fibonacci extensions, and most importantly, looking left we’ve got structure leaving clues.

As discussed in yesterday’s live session, the question just isn’t “where will we go?” but “how will we get there?” And this offers yet another trend continuation (TCT) opportunity if the market were to retrace in anticipation on that 1.1200 level being hit. Of course counter trend ( CT             ) traders, this makes no difference to you as you’re only waiting for the next structure level.

We’ve got the Jackson Hole Symposium going on today which may provide some movement along with Pre-GDP and our normal Thursday Unemployment Claims out at 8:30am & Pending Home Sales at 10:00am. I don’t even try to pretend that I can predict the outcome of these events, but keep those in mind while trading today. We’ll be keeping an eye out for this one in our live trading room today along with potential trades on the GBPUSD             , EURJPY             , GBPJPY             & USDCAD             which are all high on my radar.

Also it’s THURSDAY so make sure you check out my Youtube page later for my weekly Forex Trading Video https://www.youtube.com/channel/UCVveEks3MWZqOsvzTF_LGQg?sub_confirmation=1
Have a great day of trading gang!


Akil Stokes
Chief Currency Analysis at Trade Empowered
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EURUSD: Emerging 6 month uptrend


I'm long.

Wild prediction but well.
+4 Reply
Hi Akil, it's always a joy to see your analysis. I foresee a bullish move also on the EURJPY pair after a Three drives pattern and a potential double bottom retest with RSI divergence. What do you think?
snapshot
+1 Reply
Akil_Stokes TOP Koryphaeen
a year ago
Thanks, this morning there was a small bullish bat pattern (could still be a potential I haven't looked) inside your double bottom, so I don't think it's a bad buy for that reason. I personally can't ignore that wick for the 3 drives, but aside from that your chart looks fine especially if the risk isn't going to cost you too much
+3 Reply
Koryphaeen PRO Akil_Stokes
a year ago
Thanks for the feedback. Yes, you're right about that wick, but it was such a rapid movement that I personally am not bothered about the influence on the PA that followed it. I see the bat you are talking about, but it didn't completed yet (if we look strictly the 88.6 for completion). Anyway I took this trade and let's see what will happen. As you mentioned, the R/R ratio is a good looking one and it fits into my trading plan as well. Have a nice day! :)
+1 Reply
Akil_Stokes TOP Koryphaeen
a year ago
Nice, good luck if I have a chance I'll be hopping in the bat once my day trading hours start. maybe we can ride this thing up together!
+1 Reply
Koryphaeen PRO Akil_Stokes
a year ago
Have you succeeded to trade it? My first TP target will be hit in a matter of minutes, hopefully... :) but it was not without struggle, I believed so much in this one that I was ready to partial hedged my position at the bottom at the SL level. But it was no need, the PA turned into rally 2 pips from SL... :D
+3 Reply
Akil_Stokes TOP Koryphaeen
a year ago
No, the bat pattern was a winner but I couldn't take part because it occurred before my day trading hours. Tried to enter on a 2618 that formed in that same area later in the morning but was stopped out for a loss. that's been the story of my week thus far.
Reply
Koryphaeen PRO Akil_Stokes
a year ago
Sorry about that... I have made 80 pips profit so far reaching TP1 and I have another TP2. Let's see how it will evolve. By the way, your EURUSD forecast is a winner for now, let's see if it will rally.
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Hey Trading View Gang!! I've just uploaded this weeks WEEKEND REVIEW video "What Separates WINNING from LOSING traders https://www.youtube.com/watch?v=q9bbpMzb5qs
+2 Reply
JamesZhang
a year ago
EUR/USD LONG AT 4HOUR

You were correct about the recent last falling wave.
But it still in the up trend in DAY'S chart.
+1 Reply
Akil_Stokes TOP JamesZhang
a year ago
Both of our charts are looking for the exact same move
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Trilo
a year ago
I like the look left sign!
+1 Reply
Akil_Stokes TOP Trilo
a year ago
Thanks, i thought that was fun
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No_more_Post
a year ago
EURUSD PA 1H chart
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No_more_Post No_more_Post
a year ago
EURUSD
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No_more_Post No_more_Post
a year ago
Trade active
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No_more_Post No_more_Post
a year ago
EURUSD
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FXROB
a year ago
HI AKIL WHAT YOU THINK ABOUT LONG TERM?
snapshot
+1 Reply
Akil_Stokes TOP FXROB
a year ago
Cypher doesn't look to be valid as the B leg doesn't hit the 38.2
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Akil_Stokes TOP FXROB
a year ago
I do think we can see a move lower however
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FXROB
a year ago
sorry Akil but it hit a 38,6%
snapshot
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FXROB
a year ago
I start writing x-a leg in 01.01.2002r
+1 Reply
Akil_Stokes TOP FXROB
a year ago
Okay. That doesn't seem to be the start of the move, but yeah if you take it from there, then that 38.2 looks to be hit.
Reply
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