Akil_Stokes

Happy Sunday traders, I hope you're ready for another week of quality trading. As I start my top down analysis for the week, one of the pairs that remains on my radar is the USDJPY as we open the week with a head & shoulders top pattern. The head & shoulders pattern is a classic reversal pattern & after last weeks bullish breakout on this pair. Price has rallied ...

As many of you know, I''m not a crypto trader so, I'm not up to date on what's happening on the fundamental side of things. But as a technical trader here's what I see on the price chart. Over the past 10 months or so, price has created a pattern formation called a descending triangle. (For more on the psychology on this pattern see my Youtube video "Lessons I've ...

Earlier in the week we did some higher timeframe analysis on the AUDUSD and saw that despite being in a bearish trend, we've reached a level where the sellers may be losing interest & could be in store for a potential reversal. A classic way that the market reverses is in the form of a Head & Shoulders pattern. Thus far we have 3/4 of the pattern complete as ...

This is a follow up on a trading idea that we looked at this past Thursday as "Super Thursday" pushed the GBP up to a level of previous structure resistance before reversing. IF price action were to put in a retest of structure and once again be rejected... THEN it would open up the door for traders to take advantage of a double top formation. With this being ...

Hey traders! I've had a lot of request here on tradingview to provide an update on my $EURUSD outlook so here we go. However, before we get into that please understand that as a longterm swing trader, my views don't change too often. There are a handful of levels in the market that are important to me & most of what happens within those levels has no effect on my ...

Yesterday I shared an idea on the GBPUSD talking about a potential move higher to the $1.31-$1.32 levels and there being 2 ways to attack that type of trade. 1) The pullback trade which was featured in yesterday's post and 2) A breakout trade which I'm featuring today. Currently price action has come off of a high momentum Bullish move and is now in a period of ...

Extension -- Pullback -- Extension -- Pullback, that's how the markets move. After the current extension higher on the GBPUSD the next opportunity to buy (unless you're a breakout trader) is waiting for price to pullback into previous structure and then looking to catch a pullback trade in anticipation of a move higher. IF price continues higher THEN I would ...

I'm not a Crypto trader at all, but if you follow my work then you know that I like to stay sharp by performing technical analysis on random charts. (Which is a very good exercise that I recommend by the way). Here on bitcoin is a potential Bearish gartley pattern. Typically I don't pay any attention to these pattern until price approaches the "B" leg, but I ...

I'm taking some time off from trading with the addition of a new family member, but of course I couldn't completely stay away so I wanted to come in and give you a quick update on my EURUSD views. (For some perspective you may want to go back and look at my previous post & videos discussing the Euro) With the violation of the neck line we officially have the ...

Earlier this week I posted some analysis on the US Dollar Index and I wanted to update you guys on what I'm seeing. We've had a nice initial reaction at our previous level of structure support (the previous breakout) and now it looks as if the market may be putting in a secondary test. If you're looking for a reason for entry on this potential secondary test I ...

So if you've been following my posts on the EURUSD then you know that I've had a short-term bullish view within a longer-term bearish view. The bullish move from earlier this week worked out perfectly and now the market has reached a level in which it will have to make a key decision point. BULLISH SIDE - The market is forming another head and shoulder bottom ...

The skill of technical analysis can be used on any market and on any timeframe and today i wanted to show you an example of this on the US Dollar Index Recently the DXY has violated a previous level of structure breaking to the upside. As we begin to get some dollar relief we're seeing a retracement back into the level of the initial breakout. For those looking ...

After a fantastic day of trading yesterday, we're looking to have the potential for another today as I have 6 out of the 9 pairs in my trading portfolio on my watchlist. On the EURJPY chart above, we've just completed a double bottom pattern and my next projection for price is a move up to the 128.50-1.2950 level where we see our previous structure resistance. ...

To follow up on my latest post, we now have a validated head and shoulders bottom that has formed on the EURUSD. My projections from the previous post are still the same and the away to now attack this situation would be via the pullback trade. Akil

So if you've been following my work then you know that I've been very bearish the EURUSD ever since the break of the larger head and shoulders top on the Daily chart. My longer-term projection is that we'll see a move down to the $110-108 levels, however the first target level that we've been watching was at $113. There bearish momentum has started to slow and ...

First and foremost I want to wish you a great week of trading! I wanted to briefly follow up on my previous EURUSD 0.04% post & show you that we also have a potential head & shoulders top forming as well for those who did not catch the initial downward move. Also congrats England! Way to make it to the Semi's Let's see if it's really Coming Home Your Trading ...

Hey Traders! Can you believe that we're more than halfway through another trading year already. Sheesh, time flies. Anyway, I hope that it went well for you. If so do more of what you've been doing and don't you dare settle. If not, then it's time to get your act together and have a strong second half. Here on the EURUSD we have two potential advanced patterns ...

After a very active day yesterday the markets were a bit slow for me today. Maybe it was the amount of people watching Mexico blow their group lead to Sweden, only to be saved by S. Korea defeating Germany. Talk about upsets! Anyway, as we ventured off to look at a few pairs outside of my portfolio in the live room this morning, I came across this opportunity on ...