Akil_Stokes
Short

NZDUSD: Potential Bearish Advanced Bat Formation & Possible TCT

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
2 months ago
Potential Advanced Bat Formation setting up on the NZDUSD             which would complete close to the 72 cents even handle.

Higher timeframe analysis on this pair causes me to predict a bearish Continuation down to our lower level of structure, so this would be an opportunity where the trader may want to consider looking for extended targets.
2 months ago
Comment: Filled Short at .7178
2 months ago
Trade closed: stop reached: Trade Stopped out
2 months ago
Comment: Sorry wrong post (above message about stop being reached)
2 months ago
Comment: Now I'm officially out of NZDUSD
Akil Stokes -Head FOREX Trading Coach at Trade Empowered
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Haha, Akil. Amazing. Have this one as well.:)
+1 Reply
Akil_Stokes TOP Alexander_Nikitin
2 months ago
Nice! I had a few other traders tell me that as well. Looks like it's on a lot of our radars
+1 Reply
Alexander_Nikitin TOP Akil_Stokes
2 months ago
I am currently long on audcad bull cypher 1H and waiting for audusd bear cypher 4H completion:)
+1 Reply
Akil_Stokes TOP Alexander_Nikitin
2 months ago
Well done, i've got a few open positions on myself
+1 Reply
Alexander_Nikitin TOP Akil_Stokes
2 months ago
audcad hit targets
+1 Reply
Akil_Stokes TOP Alexander_Nikitin
2 months ago
"RING that REGISTER!!"
+1 Reply
chartmaster
2 months ago
Akil is your dotted line a potential stop loss or how do you determine that in your strategy?
+1 Reply
Akil_Stokes TOP chartmaster
2 months ago
The dotted line represents the price point of a psychological number. But stops should be above that level since it also lines up with the impulse leg of the advanced pattern formation
Reply
chartmaster Akil_Stokes
2 months ago
Thanks!
+1 Reply
Akil_Stokes TOP chartmaster
2 months ago
No problem
Reply
sethunyajnr
2 months ago
hi, Akil even if you see this comment just know i respect you and i have been following you.I am from South Africa .Thanks for posting this setups..I taught myself through your videos. KE A GO LEBOGA(THANK YOU)
+1 Reply
Akil_Stokes TOP sethunyajnr
2 months ago
You're welcome! I appreciate the kind words
Reply
jaktrader
2 months ago
Sorry but i don't get it.. the BC leg it hasn't reach the 61,8% how is this bat pattern valid...?
+1 Reply
Akil_Stokes TOP jaktrader
2 months ago
I do not require the "C" leg to hit the 61.8
Reply
jaktrader Akil_Stokes
2 months ago
Oh ok... But isn't that the rule for the bat pattern..? the C leg to hit at least 61.8% and not close below 88.6%..?
+1 Reply
SaifurRahman PRO jaktrader
2 months ago
No. For bat pattern assuming notation XABCD the conditions are: B is <.618 , C can go anywhere between .382-.886 and D point is at .886XA + BC projection of minimum 1.618 or more and a minimum AB=CD completion. Cheers.
+1 Reply
jaktrader SaifurRahman
2 months ago
Ohh okey! Thank you very much! :)
+1 Reply
Akil_Stokes TOP jaktrader
2 months ago
Whether you follow the way i trade them, how the trader above trades them or how you personally trade them, the key is to perform detailed backtesting to make sure that it's indeed consistently profitable
Reply
jaktrader Akil_Stokes
2 months ago
Well i prefer your professional way of doing it...But i will give it a good back test!! Thank you! Oh and btw now that i have you here you are awesome Akil! :) I love you man...! You have really help me so much! Have a good trading day!
+1 Reply
Akil_Stokes TOP jaktrader
2 months ago
I appreciate it! I think yesterday was the most educated and engaged group that we've had at a live event in a while
Reply
jaktrader Akil_Stokes
2 months ago
I know! Keystone event..! Charles is an excellent trader also! I hope i could be in the event though... :/ I live in Europe so i couldn't actually made it to the event cause i was really busy at that time...
Reply
Akil_Stokes TOP jaktrader
2 months ago
Different traders will have different requirements in order to give the valid pattern formations. I don't personally require the level but that doesn't mean you're wrong to do so
Reply
Swerver
2 months ago
Didnt trade as it didnt complete the bullish pattern, but rallied off AB=CD strongly
If we retrace will be looking to entry on completion of pattern

NZDUSD - DAILY - Bullish BAT in Channel
+1 Reply
Akil_Stokes TOP Swerver
2 months ago
Nice! Thanks for sharing your idea
Reply
Makolico
2 months ago
Hey Akil, first I have to say that the Keystone was amazing. Very useful webinar for all trader’s level in my opinion, to refresh knowledge and improve them too is never a wrong option.

When you posted this potential Bearish adv. Bat formation I was a little bit sad because I didn’t see it so I didn’t take it bcz I didn’t have the time to read the chart and of course will not take it just because you said that, mainly because it must meet my rules. I´m following your rules :)

Now that you are out on NZDUSD, I’ve spotted a potential Bearish adv. Cypher formation with X leg @ 0.731.
+2 Reply
Kareem Makolico
2 months ago
Nice i have my eye on that Cypher too.

There is also a potential bullish Cypher @ 0.7176 with the X leg @ 0.7160 on the 15 min. Looks like there is some decent higher time frame support looking left and also a 1.161 inversion and harmonic move as confluence. Could use this Cypher as a possible way up to previous highs/ up to the bigger bearish Cypher formation.
What do you guys think? @Makolico @Akil_Stokes
+1 Reply
Makolico Kareem
2 months ago
I don´t trade in 15 min. time frame because I´ve no time for such a lower time frame.
Reply
Akil_Stokes TOP Kareem
2 months ago
I haven't checked out the lower timeframes on this pair but I'll keep what you said in mind when we get around to it.
Reply
Akil_Stokes TOP Makolico
2 months ago
Thanks for joining. I always love doing events like that because they are refreshing and anytime you can go over over information it's a learning experience. As far as your cypher goes, juts be sure to double check your "C" leg to make sure that it's valid.
Reply
I'm waiting for this potential bearish Cypher to complete and confirm the trend continuation

snapshot

+1 Reply
Akil_Stokes TOP Nico.Muselle
2 months ago
Nice chart Nico
Reply
Akil_Stokes TOP Nico.Muselle
2 months ago
I was looking at this too but had an invalid "C" leg
Reply
johnmad PRO
2 months ago
The Chart says it all , Shark Completion, Fib Confluence and that Wedge which Price respected .
I dont trade this pair , i am just sharing .
snapshot

+1 Reply
Akil_Stokes TOP johnmad
2 months ago
Thanks for the share John!!
Reply
ZaliQifty
a month ago
proceed with 2618 maybe?
+1 Reply
Akil_Stokes TOP ZaliQifty
a month ago
I'm not seeing any 2618's but that's certainly a technique that can be used to involve yourself in a trade
Reply
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