XAUUSD (This is the End my only friend - The End) Look what we've got based on Monthly descending bullish channel
1M: Bullish channel (not wedge) resistance sustained
1D-4h: Reverse price bar on 1D with DIAMOND TOP and H&S, SHS or Head & Shoulder figures formed on top for reverse and move the gold to new low
Some details and multiple timeframes charts would post later
Learntotrade
EURUSD: 2 Potential buying Opportunities on My Radar It's been a week since I've found anything to trade on the Euro, but maybe that will change soon as I have 2 potential buying opportunities on my radar heading into today's trading day.
Still in consolidation I'm not predicting any type of continuation move, rather I'm looking for previous support and resistance levels that I can take advantage of as this market continues to bounce back and forth.
If a valid trading opportunity does not show itself at the blue kill-zone, I would then be looking to involve myself in the Bullish Cypher pattern at would complete down at 1.033.
Not noted on my chart, but for those looking to get short, that resistance level comes in at 1.350's
Good luck int he markets this week traders! And thanks for all of the great feedback on my "9 Habits of High Achievers" video. Good to see that a video like that does have your interest. I'll look to do more like that down the road.
Akil Stokes
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www.TradeEmpowered.com -The Premier Online Trading Education Company
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Potential Short on EURJPY at daily Structure. Channel Breakout.Hey Traders,
Short update on EURJPY. Recently saw harmonic move into daily structure support zone. High probability of more downside momentum IF we break the rising channel. RSI bearish divergence, Fib Confluence and AB=CD.
Good luck!
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USDJPY | BEARISH BAT PATTERN WITHIN TREND: HIGH RISK/REWARD Not too much to say about this one: Nice Bat Pattern within Trend meeting previous structure. Also got divergence, higher timeframe retracement and 1.618 Fibonacci Inversion.
Good luck in the markets.
Felix
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THE WEEK AHEAD: TREND CONTINUATION VIA BEARISH GARTLEY ON AUDUSDWe previously had a first signal that the short-term bullish moves (remember: we are heavily bearish on the daily time frame) could come to an end.
The arrow shows the close below the previous low. We therefore looking for a shorting opportunity on this pair which lines up in form of a bearish gartley pattern.
Beside the standard target 1 (38,2% oft C-D leg) I will trail half of the position to the lowest close at point C.
Stops have to go above X , according to your personal rules of engagement.
Have a great week of trading.
Felix
WATCH AT MARKET OPEN: BULLISH CYPHER ON $EURUSD AT MARKETNot too much to say about this potential setup. The pair is in a sideways consolidation for quite a long time (see my last outlook on the daily timeframe attached below).
The market formed another advanced pattern in form of a bullish cypher pattern which completed on Friday. If the market opens at the same levels, there will be the opportunity to give it a chance, IF it meets your personal trading rules!
Stops below X
Targets at 38,2 and 61,8 % Retracement of the C-D leg. (see marked price levels)
-Have a good week of trading!
GBPUSD: A Trend Continuation & Countertrend Idea (Video)Just a quick follow up from the trade I shared with you guys in last night's video looking at a trend continuation opportunity on GBPUSD. As the market established a double top overnight, counter trend traders will also have an opportunity to involve themselves in a 2618 trade as well.
Make sure you check out yesterday's video for an explanation of the TCT trade
"Statistics on Why Most Traders Fail" www.youtube.com
Akil Stokes
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www.TradeEmpowered.com
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EURUSD: Keeping My Eyes on This LevelLot's of movement today with the ECB Press Conference this morning. As we start to see some corrections in the markets, i'll be keeping a close eye on this level for another potential short on the EURUSD
Tonight's youtube video is up so make sure you check it out. youtu.be
Also if you haven't done so already make sure you register for tonight's "Cracking The Code" event!!
(Link will be under today's video) *Out of respect for Tradingview we're not supposed to spam our ideas with links to stuff like this. *
See you there!
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered,com -The Premier Online Trading Education Company
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EURUSD: Potential Bullish Cypher PatternShort and simple, I'm looking for a potential Bulish Cypher Pattern on the $EURUSD. Aside form that I don't have too much on my radar thus far going into today's Live Trading Room session. $EURJPY is the only other pair that I have orders on aside from yesterday's $USDCAD long.
THURSDAY is our big day, not only do we have my usual Weekend Review Video coming out. Should be a very interesting one (so make sure you're subscribed to my youtube page) But Jason Stapleton also has his "Cracking the Code" workshop. Got to make it through today first though. Good luck out there today traders!
Akil Stokes
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www.TradeEmpowered,com -The Premier Online Trading Education Company
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AUDCAD: A 2nd Chance To Hop On The Trend with Video ExplanationI'm looking at two opportunities her eon the AUDCAD hourly chart 1) A Trend Continuation opportunity and 2) A bullish Cypher Pattern. Now of course you can combine the two, but when working with newer traders my advice is to pick and master a single strategy first, then add or start to combine later in your trading career.
If you're new to following me this was a trade that we looked at earlier in the week so make sure you check out that post. I also reviewed it in my YouTube video last night so make sure you check that out if you're the type that picks up things better by watching. Good luck as we enter our final trading day of the week, I know those of you that trade advanced patterns on the $EURUSD are probably already starting the celebration a little early. ;-)
Here's a link to the youtube video talking about the AUDCAD www.youtube.com
Akil Stokes
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www.TradeEmpowered,com -The Premier Online Trading Education Company
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AUDCAD: Nothing Fancy Just Pure Structure TradingNo fancy shapes or anything like that today just a pure structure based setup for you guys. We'll be looking for long opportunities on this pair today in my Live Trading Room looking to hop on the current outside return. We're actually inside the killzone as we speak but I'll be waiting for a lower place of entry since I'm more or a trend continuation trader not a trend following trader in these types of situations.
We do have a Fibonacci cluster in this zone as well but what caught my attention was looking at price action and how resistance has recently turned to support around this psychhological level of 0.9950.
If you find that you're unfamiliar with the basics of reading a price chart make sure you watch the FREE Training video called "Into The Grey" goo.gl
Thanks for all of the support traders and continue to "LIKE" "SHARE" & "COMMENT" under these posts!
Akil Stokes
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$EURUSD: "Structured Consolidation" Breeds Pattern OpportunityIt's been a very slow week for Jason Stapleton & the Trend Continuation side of the Syndicate, yet a very busy week for those who trade advanced patterns.
The majority of advanced patterns are formed when the market is in what we like to call "Structured Consolidation" and this week more than a handful of the pairs in my portfolio are doing so.
I'm currently short the $EURUSD on the bearish Cypher and if everything plays out the way I'd like, then I'll also be collecting profits and getting long at the potential bullish one in green (assuming it stays valid).
It's Thursday so that means my FOREX WEEKEND REVIEW video will be coming out on YouTube. Make sure that your a SUBSCRIBER that way you'll be the first to know when it's released. In today's video i plan on talking about the grind of trading, my best trade ever and what i learned from it, and of course we'll be looking at a potential trading setup that you can add to your watchlist. See you then!
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered,com -The Premier Online Trading Education Company
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USDJPY: Clean harmonics Into A potential Structure ShortIn preparing for this mornings training on IPDE and Trend Continaution vs. Trend Following vs. Countertrend trading, I found a handful of potential good looking structure based trades on the Yen crosses.
In this particular example we have some beautiful harmonic movement (equal measured moves) heading into a resistance level. Thanks to that nasty wick at the top our killzone is a little bigger than what I would prefer, but that may not play a difference depending on what type of entry reason we get for this potential short.
I've got a video coming out later today on the EURUSD and possible how we can attack this trade as well so make sure you're subscribed to my channel. goo.gl
Good luck this week traders and as always please LIKE, COMMENT & SHARE this post.
Akil Stokes
Chief Currency Analyst at www.TradeEmpowered.com
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GBPJPY: 2 Potential Advanced Patterns (An Updated Analysis)As I showed you in yesterday's video, the fun thing about trading is the fact that we are constantly updating and adjusting our analysis to go along with the recent price moves.
The recent moves on the GBPJPY have eliminated my harmonic predictions, yet have opened up a new opportunity in the form of a second advanced pattern.
Akil Stokes
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GBPJPY: Using Patterns, Harmonics, Fibs & Structure (w/ video)Looking for a short opportunity here on the GBPJPY using advanced pattern recognition, harmonic movement, Fibonacci ratios and structure identification. For a more in depth explanation of what i'm looking at see the attached video link below.
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com
"Learn to Trade: FOREX TRADING Using Fibonacci, Harmonics, Structure & Advanced Patterns"
youtu.be
EURUSD: 2 Advanced Pattern Non Farm Payroll Predictions Happy NFP day traders! As you know we've been tracking the EURUSD all week in the live room and last night I was finally able to get short an hour after the New York close.
We never know what to expect from our monthly Non-Farm Payroll report (and accompanying news) but here are a few predictions on the higher timeframe that are worth keeping an eye on.
We have 2 potential bat patterns setting up on this pair. A potential bullish bat down at 1.0580's and a potential bearish one up at 1.1380's.
Something that I truely enjoy about being a trader vs. an investor is the fact that we get to act like a mercenaries in the markets. Meaning in situations like this we're not concerned if the market will go up or down, because we have a plan to attack either situation. Good luck out there today gang and please remember to hit that "thumbs up" button before leaving. I really do appreciate the support!
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com
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EURUSD: An Update Analysis on Recent Price ActionPrice action on the Euro ended up rallying right up to the previous level of resistance that we predicted. Although we didn't see the full trend continuation move that I had on my radar advanced pattern traders were able to take advantage & profit from a pain free bearish bat pattern completion.
Price action has now given us a HHHC about previous resistance which means it's time to rework the analysis. (I got a question about this earlier) but short-term this is considered a bullish rotation, however the underlying trend is still bearish & I would now expect a move to the $1.0900-$1.0950's level for my next killzone.
With the NFP tomorrow I may not have the opportunity to take advantage of that short, so during my day trading session we'll certainly be looking for ways to get long in anticipation of the potential short in my Live Trading Room.
Check out the video I posted yesterday "The Most Important Trading Periscope You've Seen This Year!" www.youtube.com
And as always please hit that THUMBS UP on this post and share it with a fellow trader.
Akil Stokes
Chief Currency Analyst & Head Trading Coach at www.TradeEmpowered.com
EURUSD: 4h Forming Head and ShoulderThe right shoulder is not complete yet but I expect it to be a double top before it moves to 1.08234 which is a neckline area which coincide with the daily S2 support and Fibonacci extension of 1.414. On the way down to this support ,I expect a bounce at the 1.8077 - 1.8084 area before a short lived rally to the daily pivot of 1.0912 and after which I expect it to continue to a support of 1.08234. The market could also begin with a gap as the market had not reacted to the unemployment claims yet.
There is a harmonic pattern that is forming on the right shoulder as well but could not put it since the chart will be too messy.
NZDUSD: (1st trade of 2016) Bullish Cypher Pattern I didn't plan on doing any analysis today but one of my training course clients shot this over the chat and well...can't pass up on a valid Cypher pattern. Here's to 2016, let's see I can pick up right where I left off.
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com
CADJPY : Long OpportunityA confluence of Fibonacci and support line around a harmonic pattern spells a long opportunity. The price may try to reach a Fibonacci level of 127.2% at 85.76 but fail since it is seriously oversold. For those who can't wait for the formation to complete as indicated on the chart, wait for at least 87.5 to break set stop a few pips below 85.76