If price action drops to 0.76013 we will have this bullish bat pattern completed. So putting my buy limit orders now. Hopefully it will be finned by today. I am expecting a reversal to 0.76606 and 0.76966 next.
Lot'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...
As price action is moving to the upside, traders can look to short the GBPJPY as we have a major structure level as our near term Kill zone.
We have :
a harmonic move (AB=CD) coming in at structure.
Fib retrace of 50% coming in structure
we also have a 1.27 inversion coming in at structure as well.
Traders can look to sell at near term...
Hey traders! We have a potential bearish Bat pattern @ 76.500. Expecting a short reversal to 38.2% atleast of CD leg. Price action trading below the EMA and RSI shown Hidden bearish divergence already. Price action also reaching the structure resistance, looking to test.
IF price action comes at 1.4398 then our Cypher pattern will be completed right at the level where the next structure is, If you look left. And if you look below in RSI, you will find a Bullish Hidden divergence formed already. Price action is also trading above the Exponential moving average. I am expecting a reversal after it completes from the potential...
Many would call me crazy for looking to short the Cable ($GBPUSD) knowing that we're at a major level of structure on the daily chart, but IF we get the right type of retracement, there will be plenty of room to profit and exit the trade in what will simply look like retest of structure lows on the HTF.
As you can see on my chart price action has recently gone...
IF price action comes to the previous structure support we might have a completion at 0.75418.. We have a RSI hidden bullish divergence formation. I am expecting a reversal from the potential reversal zone area If the pattern completes.
Hey there guys! Since I have a sell setup in NZDUSD at CMP, I am looking to buy EURNZD. The price action coming back to previous structure zone. Making a correction after the impulse leg. I am expecting an upside move from the structure zone area to touch the retest of the impulse. Price acton also trading above the EMA's thus indicating a bullish bias. We also...
Hey there guys! This is a setup for Monday! A bearish Gartley pattern. Price action attempting to test the structure resistance. Price action is also trading below the EMA's, thus indicating a downtrend. Expecting the price to reverse around the potential reversal zone.
I'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...
No 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...
In 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...
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...
Not knowing which way the market will take us we need to be able to identify potential trade opportunities for going both long & short.
IF price action takes us higher there is a nice selling zone with a cluster of Fibonacci retracements and extensions which line up with a strong structure level giving us that high probability reversal zone.
For shorts, IF we...
Here on the USDJPY we have a cluster of technical indications that the market wants to go up a little before continuing the downward momentum that we have had recently. This is a counter trend trading opportunity so i do not anticipate a complete reversal at this zone but only a brief retracement back up into the most previous resistance level. Hope you found this...
Looking at a potential trend continuation opportunity here on the GBPAUD as the market puts in a complex pullback into previous structure resistance. As we talked about in last night's video, complex pullbacks offer safer entries into TCT opportunities on both the psychological and risk/reward side of things.
As mentioned in last night's video there are...
Despite an inverse reaction to yesterday's FOMC minutes, I'm still looking to be bearish the USD as we anticipate a rate hike in December. Being a technical trader, my fundamental views won't affect what opportunities I take, but it can beneficial when they both line up on the same side (for those of you who remember the USDCAD trades over the summer).
Anyways,...
