Akil_Stokes

Akil_Stokes

2 opportunities here on the XAUUSD 4 Hour timeframe. The first is a potential bullish bat pattern & the 2nd is a bearish continuation setup in advance of the bat pattern. What the triggered the bearish continuation idea was the fact that price recently violated a previous level of structure support (B leg of potential bat pattern). Now we've already seen the...

Akil_Stokes

This one is pretty simple. The DOW has pulled back into a previous level of consolidation & structure support which offers an excellent opportunity to look for longs in my opinion. A great place for protective stops are below the previous level of structure support with targets being at a retest of previous structure highs. I would also look to hold on to a...

Akil_Stokes

One traders junk is another trader's treasure. Often, consolidation is viewed as a negative because, well, let's just be honest, it can get pretty messy. But consolidation also breeds pattern formations so for someone who trades them, it's important to keep a close eye on that junk, so that you don't miss any of the gems that it may create. Akil

Akil_Stokes

We have a completed bullish cypher pattern on the Daily chart of the US Dollar Index. Akil

Akil_Stokes

USDCAD was our big winner from last week & now I'm looking for a potential move in the opposite direction as we approach a key level of structure on the higher timeframes. This is a countertrend opportunity which means I'm NOT looking for a full reversal, rather only an opportunity to catch some relief back to the previous level of structure support. Currently...

Akil_Stokes

Last week I had a EURJPY bullish breakout as one of the top trading ideas on my radar, but after getting a false breakout to start the week, price worked it's way back into the channel. We've no broken out to the high side again & this one looks like the real deal. My projection is a move to the 132 level which is a previous zone of consolidation (look left,...

Akil_Stokes

Here's a look at a potential bearish bat pattern on XAUUSD (GOLD/US Dollar). The green box on this chart represents the potential reversal zone of this pattern formation. Akil

Akil_Stokes

The EJ has been one of the main pairs on my radar for this entire week. Originally I was looking for a bullish breakout on the higher timeframes, but instead we ended up getting a false break & a retest of the lows of the channel. After putting in a nice tweezer bottom at the lows we've now put in a head and shoulders type of move & if price can violate the...

Akil_Stokes

Looking at the $EURGBP all signs are pointing for a potential breakout to the bearish side. Between a series of lower highs & 2 very positive bearish rejection candles (even though they are green), I am seeing more selling pressure in this pair in comparison to the buying pressure. The 2 ways to handle this situation would be to 1) Position yourself ahead of the...

Akil_Stokes

On the chart in front of you is a potential bearish Cypher pattern on the EURJPY 4 Hour timeframe. I recently had an in depth discussion with one of the traders I'm working with about filtering out patterns that have a period of consolidation directly before the completion point. Now this is something that I personally hate seeing, but I've never looked into it...

Akil_Stokes

After a 15 day sideways shuffle the USDCHF has finally broken out of it's most recent period of consolidation to the upside which allows me to make the prediction that price is likely to continue higher. If we do get some bearish relief I would expect a pullback to the 9375-9348 level before creating the next extension higher. Akil

Akil_Stokes

This was one of the pairs that we had on our radar over the weekend & as you can see to start the week we ended up violating the neckline of the Head & Shoulders which confirms the pattern. As a result my expectation is the price will continue higher to the 2 potential levels of structure above marked in green. If we are to continue higher I can see us doing so in...

Akil_Stokes

Not much needs to be said about this setup aside from the fact that price has currently pulled back into a previous level of structure offering an excellent opportunity to reload your longs. Sometimes simple is better Akil

Akil_Stokes

First & foremost I apologize for being away from tradingview for so long. I do try to make a habit of posting here every once in a while, but it's been a busy start to the year so my priorities have been elsewhere (as you've most likely seen). Speaking of busy, it's been an extremely busy year for pattern traders as well. For me, personally, 15 of the 18 trades...

Akil_Stokes

So we finally violated the 1.20 level on EURUSD which allows me to make a prediction that price is likely t go higher. IF we go higher then the next level that may prove to be resistance is from way back in 2018 & ranges from 1.22's to 1.25's Look for a period of relief before the next extension higher, so either a sideways tight consolidation or a retracement...

Akil_Stokes

A few weeks ago we took a look at the EURNZD breaking a rather important level of structure, opening up a massive amount of opportunity to the downside. Now the GBPNZD is following along. With a minimal move down to 1.87's and a larger potential to 1.8350's this is certainly a par that will be on my radar from both a swing & intraday perspective as I look for...

Akil_Stokes

The EURGBP has always been a horrible-looking chart in my opinion but in this specific instance, the tendency for it to consolidate & provide choppy movement may work in our favor. After a slow shuffle down to a level of previous structure support, price action has now given us a multiple leg potential pullback. If price were to continue pushing higher to the...

Akil_Stokes

I've been screaming GBPUSD to 1.34's for a while now & although we've been consistently moving in that direction we've put in our fair amount of ebbs & flows. Currently we have reached another "Decision Point" in the market which I define as a level of structure that will allow us to make a clear prediction of future price action depending on the result being a...