*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. (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.
Nice chart, formation might be a Gartley, Bat, or Crab. Signals will guide us which one is more likely
SmartTradingFX
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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!
Akil_Stokes
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I agree, it's awesome that 2 traders can be looking at the same chart and have completely different views.
Akil_Stokes
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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
SmartTradingFX
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Thats it, we both could be right! Thanks so much for your reply i really appreciate your feedback! Keep it up Akil!