A nice Butterfly pattern is trying to get to the finish on 1H EURAUD. Price action is currently testing a support @ 1.53607. If the level gives there are 3 nice levels with previous structure lows to determine an ample Possible Reversal Zone. The possible XA extensions @ 1,27, 1.414 and 1.618 range from 1.52970 to 1.52125. What is interesting is that the support...
Bearish Cypher pattern finishing on 1H NZDUSD. Entry near the .6800 handle, so look out for stop hunters. Entry on .886 recommended for better TP ratios. First target for profit @ .382 of CD. RSI on overbought favoring short entry with slight divergence. Overall trend down, secondary target @ .618 retracement of CD leg. SL placed with some slack above X due to...
A nice Bat finishing on 1H GBPUSD, this trade is a continuation off a previous Cypher and an AB=CD pattern. TP are placed @.382 AD retracement, secondary @ .618. SL placed below X, taking into consideration previous structure lows, look left....This could retest previous support @ 1.4638. RSI oversold favoring a LONG entry. We´ve done well with this pair hitting...
A Gartley pattern is coming to finish on 1H EURNZD. Trade is active on the CD leg of the move. Previous structure low suggests entry @+- the .886 retracement. RR ratio is acceptable to the .382 TP target which could help a further Trend Continuation Trade to the CD finish of another bigger pattern developing. RSI entering oversold limits which favor a long entry.
An AB=CD pattern forming CD leg coming off a D finish on a Cypher pattern on the 4h GBPUSD. Trend continuation trade having taken profit on the AB leg continuing the downward momentum. Confluence @.786 retracement and RSI on overbought favoring a short entry.
Butterfly pattern finishing on 1H AUDJPY with .886 retracement confluence. Previous patterns have played out nicely on this pair. SL placed at previous structure high gives good R-R ratio. TP targets @ .382 A-D and .618 A-D. RSI on overbought favoring a short entry with previous divergence.
Interesting setup here on the $EURUSD. Structurally speaking I don't have a level that I'm that in love with, however, we do have a Killzone that features some Fibonacci confluence as well as a one to one measured move. What's interesting is that the potential ab=cd formation (red lines) would also line up with an equal measured move from our previous retracement...
A Gartley pattern is finishing on th 1H chart of AUDUSD. First targets @ .382 retrecement of CD leg, secondary target @ .618. SL just above X. Previous patterns have completed in this pair as indicated by the shapes in green.
A nice potential Butterfly pattern forming on the 15M chart of AUDUSD, I´m on a short position on structure retest along the finish of the CD leg. The first potential PRZ @ the 1.27 extension of the XA leg and the second limit @ the 1.618 extension at previous structure lower low. Targets will be based on the RZ.
An odd looking Bat finishing on the 4h of GBPJPY, price action strong on the 886 level, RSI on oversold favoring a short entry. Previous Bat patterns on this pair have paid off nicely. First target @ .382 of CD leg, secondary @ .618. Stops above X which is previous structure higher high.
A Cypher pattern on GBPUSD completing the CD leg with RSI favoring a short position on oversold. First target @ .382 retracement of CD leg. The .786 retracement of the XA leg converging with previous structure.
I've got a few pairs on my radar this morning heading into our Live Trading Session and the $USDCAD is one of them looking at this rising wedge iinto fibonacci confluence and previous structure resistance. Other include $EURJPY & $AUDUSD while I still have current trades in progress on $EURUSD & $NZDUSD Good luck in your trading this week gang. Akil...
I'm still involved in a $EURUSD short from last week, so I'm secretly wishing that this doesn't complete. But IF we break & close above previous structure THEN my next shorting opportunity on the $EURUSD will be a Bearish Advanced Bat Formation completing at a previous level of structure. (Look Left, Structure Leaves Clues) I've gotten a lot of new followers...
Traditionally there are 3 ways to trade a breakout all depending on your level of aggression as a trader. The before the breakout and actual break has already completed which means waiting for the retest is the only option left for those looking to get involved. I'm saving it for my Weekend Review, but I've been recording the analysis of this trade as well for...
Hey traders! As you know I like to work on my craft my scrolling through a few pairs that are outside of my trading portfolio and practice my chart reading and predictive analysis. Her eon the CADJPY 1 hour I would a potential trend continuation setup as price as recently created new structure lows and has started to retrace back into a previous level of support...
While the EURJPY has about 4 Gartley formations on the horizon, the GBPJPY is nice and simple with a single advanced bat formation set for completion at the 161.70's level. Make sure this trade meets your risk profile as the stop may be larger than it seems because of the pairs ATR. Also here's a link to the periscope video that I did this afternoon for the FOMC...
Potential bullish Advanced Bat Formation on Silver, which may act as the "C" leg of a potential bearish advanced bat formation. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
Bullish Advanced Bat Formation on Gold Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)