Akil_Stokes

Akil_Stokes

One of the setups on my radar today is a potential bullish Gartley pattern on the USDCAD, coming in at a pretty decent level of structure (Look Left, Structure Leaves Clues). Hope you have a great trading day - Akil

Akil_Stokes

The GBPUSD has finally rallied to the previous level of structure resistance that we had on our radar. Now although we had a nice candle to close the week, we must remember that not only is it the close of a week but also the close of the month. A good sign of confirmation for a little relief lower would be a lower low, lower close candle. - Akil

Akil_Stokes

Gold has been on a tear lately & after recently breaking previous structure highs, it's given us a few days of consolidation. There are many forms of consolidation & each of those forms (along with overall analysis) can provide us with specific clues on what's likely to happen next. This particular type of consolidation is called an ascending triangle & the...

Akil_Stokes

It's hard to show the bigger & smaller picture here without having a very ugly looking chart, but the NAS100 has been bullish lately & is now forming a sideways channel at the end of it's last extension higher. This formation is called a high & tight flag formation & it's one of my favorite setups for breakout/Continuation trading. Something that we also know is...

Akil_Stokes

I'm a little late to posting this here on tradingview but the GBPJPY is still offering a good potential buying opportunity. The ascending triangle is one of my favorite breakout patterns to look for & what makes this one special is that it aligns with my overall view of the market because of the recent violation of the previous structure. Obviously the breakout...

Akil_Stokes

There were a lot of opportunities on my radar today but the one that we spent the most time on today was the potential bearish breakout her eon the NZDUSD. NZDUSD has currently put in a descending triangle pattern. Normally you'd like to see an ascending triangle form after a move to the upside, but the market isn't always perfect. Regardless, the outcome of...

Akil_Stokes

One of the more interesting pairs on my radar this morning is the USDKPY as it offers 3 different trading scenarios. 1 - We currently have a double top at previous structure (looking left) which can be used as an at market short entry. 2 - A violation of this double top (and previous structure looking left) should sen the pair higher to the next level of...

Akil_Stokes

To view the description of this chart please see the write up that I did for the EURUSD (linked below) & just invert it, as the DXY is essentially the inverted EURUSD anyway. For a video breakdown of this trading idea please see my YouTube video titled "Technical Analysis on Forex, Commodities & Indices" starting at the 17:30 mark I hope you guys have a great...

Akil_Stokes

If you've been following me since March then you know exactly how I feel about OIL. BUY BUY BUY BUY BUY. This bias is from a fundamental perspective but the technicals continue to back it up as well. We've recently broken another previous level of structure on Oil which allows us to make yet another prediction that price is likely yo continue higher. For a video...

Akil_Stokes

You'll be able to see it more clearly on the weekly timeframe but the AUDJPY is about 2/3 complete a head & shoulders bottom pattern with price currently working on creating the right shoulder. Inside of that move price has created a small pattern formation which allows me to predict that we could see a continuation lower which would ultimately give us the...

Akil_Stokes

I wanted to show you the weekly chart because it gives a clearer look of the higher level of structure that I'm projecting price goes to, but if you look down on the daily you'll see that the EURGBP (no surprise) has been in a slow drift upwards. A positive sign for that move higher would be a break and close above the current highs (red line on the chart). For...

Akil_Stokes

We've just created a pretty nice candlestick reversal pattern here on the EURUSD called a 3 Bar Reversal (or at least that's what we call it over at Tier One). Anyway, what's nice about this pattern in particular is the length of the wick that each candle made towards the upside before ultimately being rejected and closing lower. In a perfect world I;d olive to...

Akil_Stokes

As gold continues to consolidate, we continue to put advanced pattern formations on our radar. 2 weeks ago we had a very nice bat pattern no we have a potential bearish Cypher Pattern on the radar. Your Trading Coach - Akil

Akil_Stokes

After violating lows once again to end the week the EURNZD still had room to continue lower to at least the 1.72 level in my option. A pullback trade is on the radar here and depending on how it occurs we could end with a fantastic risk/reward on this one. For more on this trading opportunity please check out the youtube video "Learn to Trade - Small Differences...

Akil_Stokes

The USDJPY recently put in a beautiful rising channel right into a previous level of structure resistance...and it failed. Now that we've broken the simple pattern 7 the previous level of structure, there's a chance that we can continue going higher & a pullback trade would be an excellent place to get involved prior to the move. Something to keep in the back of...

Akil_Stokes

What a week for the GBPJPY! As we continue our push higher the pair is coming close to the Killzone for a potential bearish bat pattern. Something to be concerned about with this pattern however is what I call the "overlapping level of structure" which means that we have a relevant structure high above the structure high that should serve as a safety net for our...

Akil_Stokes

The other day we were looking for a potential pullback & continuation to the upside (chart attached) & the market did not follow through on that at all. Now that we've pushed down, the next buying opportunity on this pair will be in the form of a potential bullish cypher completing at a decent level fo structure. Akil

Akil_Stokes

As price action continues to be range-bound a retest of our lower level of previous structure support would be an excellent opportunity to look for longs. This would be a perfect example of when you would want to use your CTS (Combined Technical Score) to judge the value in the opportunity at hand. For a video walkthrough of this setup please watch my youtube...