Akil_Stokes
Long

NZDUSD: Retest After Breakout (A Very Favorable Risk Reward)

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
Hey traders here's a hard version of the trade I showed you in today's video (You can find the link to my youtube page in the "signature section" below).

Previously we were watching and involved ourselves in the ascending triangle breakout. Now that price action has returned to our previous level of potential structure support, we'll be keeping an eye out for another bullish trading opportunity.

The RED & GREEN box ARE NOT my entries,stops & targets (for those of you who like to blindly follow) It's simple a visual representation showing you how massive the risk to reward ratio can be on this particular trade.

Good luck today traders!!
Akil Stokes -Head FOREX Trading Coach at Trade Empowered
Check Out Our Free Training https://goo.gl/5e8Jcr
TradeEmpowered On Youtube https://goo.gl/IscNch
Akil Stokes on Youtube https://goo.gl/u5kDC3
"Plan Your Trade, Trade Your Plan"




Ian.Watts
2 months ago
i never follow you blindly Akil
+5 Reply
CaimaMan Ian.Watts
2 months ago
So, goo to hell
+3 Reply
Ian.Watts CaimaMan
2 months ago
hey thats not nice
+3 Reply
Akil_Stokes TOP Ian.Watts
2 months ago
Looks like you have an enemy
Reply
Ian.Watts Akil_Stokes
2 months ago
looks like it Akil don't know what i said to upset them
+1 Reply
Akil_Stokes TOP Ian.Watts
2 months ago
It comes with the territory
Reply
Akil_Stokes TOP Ian.Watts
2 months ago
As you shouldn't
Reply
pippydjinn
2 months ago
Oh maan, I didnt see that until you pointed it out, jeez, back to the drawing board. Thank you Akil
+1 Reply
Akil_Stokes TOP pippydjinn
2 months ago
You're welcome
Reply
Agreed. Don't follow blindly. Follow wisely. To follow wisely a backtesting needs to be done: https://www.youtube.com/watch?v=beZhTtW1diU
Reply
judderod
2 months ago
Buying a potential B wave correction? Looks risky to me!
+1 Reply
Akil_Stokes TOP judderod
2 months ago
If the trade idea doesn;t meet your rules for engagement, then my advice would be to not involve yourself in the trade until it meets your requirements
+1 Reply
judderod Akil_Stokes
2 months ago
Looks like wave B is finished. You might want to move your stops to BE.
Reply
Kareem
2 months ago
Is that a possible 2618 trade if it retraces back down on the 240min?
+1 Reply
Akil_Stokes TOP Kareem
2 months ago
Looks like that could certainly be in the works
Reply
365ithelp
2 months ago
And what is your opinion based on the butterfly pattern in H1 ?
+1 Reply
365ithelp 365ithelp
2 months ago
and ... its a doji in week
+1 Reply
Akil_Stokes TOP 365ithelp
2 months ago
Nice!
Reply
Akil_Stokes TOP 365ithelp
2 months ago
I don't trade that particular pattern formation so it's not something I looking to get involved in
Reply
365ithelp Akil_Stokes
2 months ago
there is another bat in h4 ... 1st target close to .72300, 2nd target .71720
+1 Reply
Akil_Stokes TOP 365ithelp
2 months ago
Good luck with it!
Reply
flirticious.xee
2 months ago
news resulted in a stronger usd.... so is the trade still valid sir?
Reply
TheSmartInvestor flirticious.xee
2 months ago
I think it is still valid, but I am not going long for now. Will wait what happens next week.
Reply
TheSmartInvestor
2 months ago
I like to see the DXY/USDOLLAR first. But I still think the trade is valid.
Reply
judderod
2 months ago
Hope you got out without too much loss
Reply
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