Akil_Stokes

After putting in a retracement to retest previous structure lows the S&P is now trading at the right should of what may turn out to be a head and shoulders bottom pattern. The head and shoulders is a classic reversal pattern & IF completed I would predict that we're likely to retest the previous structure highs which line up at a one - to - one measured move & a ...

After yesterdays news/non-news which we call the FOMC statement. We've seen some of the USD pairs push lower. The push lower on the EURUSD as allowed price to complete what is called a Bullish Cypher Pattern Akil

This morning we were able to capture 1st targets on a USDJPY potential bullish breakout and I wanted to stop by for a second & talk about secondary opportunities to get involved as well. Now before we get started please understand that it was a little difficult to fit the entirety of this trade idea on to the chart as multiple timeframe analysis was involved, ...

There's not a lot to be interested in on the EURUSD right now and with election day being tomorrow, that throws a little more randomness into the equation. However, with that being said, during tomorrow's day trading session I will have my eyes glued to the 1.1430's-1.1455's level for short term shorting opportunities. Looking left we're at a previous level of ...

A look at how to trade the market when it's in consolidation, but using multiple trading techniques & putting them together to build a case for entry. Akil

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. ...