If awake at the close of the 5am candle I would have jumped in the double bottom long. Fortunately (this time) I missed out on what looks like may be a failed test as we've broken (but not yet closed) below.
This means all eyes are on the lower level of structure mentioned in yesterday's post around the 1.1160'd-1.1140's level. It would have been great if the 1.168 fibonacci extension & one-to-one measured move lined up with that level instead of lower. But stops need to be beyond the lower support zone regardless so it doesn't effect the trading opportunity all to much.
Certainly a pair that we'll be keeping an eye on during today's trading session.
Akil Stokes Chief Currency Analyst & Head Trading Coach TradeEmpowered.com -The Premier Online Trading Education Company
Just got short in the Live Room (5 Range Bar Chart) on a TCT trade in anticipation of this long
Comment
⋅
Sorry gang, forgot to update yesterday, missed initial targets yesterday bu 7pips and was stopped out on trail stops for +14 I'm all flat everything heading into the FOMC
Are you predicting the market will go bullish? Thanks Akil
Akil_Stokes
⋅
Yes, I'm looking for bullish trading opportunities
MinervaFX
⋅
Hi Akil, there is also a gartley pattern on the 4hr chart. X-A, A-B and B-C already formed. Your long could finish the C-D leg.
Nemo75
⋅
Hi Minerva,
could you please share your ideas visualization with us. I must confess, that I could not find any Gartley in the H4 chart.
Thank you in advance.
Cheers
Roker1
⋅
X = 1.16143
A = 1.10966
B = 1.14165
C = currently forming
D = 1.14984
Nemo75
⋅
Zoomed out ... and yes, there it is. Thank you for sharing :)
I am looking for 1.1160