Akil_Stokes
Long

EURUSD: Bull Gartley w/ Great Risk Reward

FX:EURUSD   Euro Fx/U.S. Dollar
*Just realized we have an ECB Press Conference Today at 8:30am NY. Be careful with this one up to that point* Great day of trading yesterday as I ended the day with a single win ( usdcad             ) and a singles loss ( eurjpy             ). For those familiar with those two trades, I'll take that any day of the week. For those looking for more information on yesterday's USDCAD             trade make sure you subscribe to my youtube channel as I'll have a video up at some point today looking at it. (https://www.youtube.com/channel/UCVveEks3MWZqOsvzTF_LGQg)

Today's radar is thin, only the usdjpy             , audusd             and this eurusd             trade (Dark Blue Gartley ). This is a sloppy one (I'm watching it on the 4hr but wanted to show the bigger one as well) but it's a deep gartley pattern which if completed would provide an entry right near our X leg aka previous structure lows. Now, we know that FX data is often different depending on your broker so make sure you double check you "B" leg. Remember if it hits that 78.6 it's no longer a gartley pattern . Risk reward is great on this one 1:2 min for me and for some of you using less forgiving stops it's probably a lot more.

I've got some time before the Live Room kicks off so i'm going to do some reading and catch a little bit of the British Open before the opening bell. Good luck today traders and thanks again for all of the love shown yesterday.

Akil Stokes
Chief Currency Analyst
www.TradeEmpowered.com
Akil@Tradeempowered.com /@AkilStokesRTM /
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ShaharyarZafar
a year ago
I would like to add that if you keep in mind the major trend lines that are following you could keep this gartley pattern at 0.764 of XA. it works perfect. It might not reach the stand gartley rule extension to 1.27
Reply
Akil_Stokes TOP ShaharyarZafar
a year ago
Thanks for the comment, I've got to follow my rules and stick to the plan but I know there are a lot of trendline traders out there that will find it very helpful.
Reply
ShaharyarZafar Akil_Stokes
a year ago
Hey Akil, I just rechecked based on my data. The trendline falls on the 1.272 extension. I think this one should be a very good reversal.
Reply
Akil_Stokes TOP ShaharyarZafar
a year ago
Nice!
Reply
Larger one looks good.
+2 Reply
SmartTradingFX
a year ago
Hi Akli, Just posted this idea on the same pair... Two different views! Its what i love about trading! Check it out if you have a chance and let me know your thoughts!

An area in which you can look to go Short?
Reply
Akil_Stokes TOP SmartTradingFX
a year ago
I agree, it's awesome that 2 traders can be looking at the same chart and have completely different views.
+1 Reply
Akil_Stokes TOP SmartTradingFX
a year ago
I like the setup, retest of previous structure support turned resistance and looking for previous structure lows for targets. Great Idea in my opinion. What's great is that we can both be right
+1 Reply
SmartTradingFX Akil_Stokes
a year ago
Thats it, we both could be right! Thanks so much for your reply i really appreciate your feedback! Keep it up Akil!
Reply
Akil_Stokes TOP SmartTradingFX
a year ago
thanks!
Reply
JimWang
a year ago
Nice chart, formation might be a Gartley, Bat, or Crab. Signals will guide us which one is more likely
Reply
BuboWaveTrader
a year ago
will brake the trend line // Regards
Reply
jackdian
a year ago
Osm sir
Reply
Akil_Stokes TOP jackdian
a year ago
Osm??
Reply
dangap Akil_Stokes
a year ago
Awesome I think?
+1 Reply
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