The GBPUSD is a pair that we've had on our radar from the beginning of the week for a few different reasons. Initial there was a 2618 Opportunity setting up (which is technically still there), but there was also a smaller trend trading opportunity setting up at the retest of the double tops lows. Price ended up consolidating at the smaller structure level before...
The $EURUSD is at a very interesting price point as we've retraced off previous structure highs and made our way to a previous power level of structural support. We're now stuck with the question of is this simply a retracement before the next extension higher? or Is this the start of a potential head & shoulders pattern which would signal a trend reversal at this...
This coming Thursday we have the news that we've all been waiting for which is the ECB Press Conference to talk about QE and the Rate Decision and the markets have been looking for any hints that they can get on how to position itself for the upcoming move. As a technical trader, I don't look to involve myself in these types of moves due to the fact that the...
If you've been following me for any time now then you know that I've been completely obsessed with the $USDCAD over the past 3 months or so and it hasn't disappointed one bit. After our post interest rate consolidation, we've begun to see some fresh movement which has me looking for another opportunity to get short. What I'm looking for is a version of what we...
I must of missed this one earlier but the $AUDUSD is setting up a bearish 2618 opportunity. After rallying to previous structure resistance (seen on higher timeframes) price has now given us a double top with a break and close below. A pullback into structure would present us with a 2618 shorting opportunity with the potential to trade price down to our previous...
My apologies for the cluttered chart, but there's a lot going on on this pair & I wanted to show you everything that I took into account when performing my analysis on this pair. Last week we identified a potential Head and Shoulders pattern setting up on the USDJPY and we ended the week with a confirmation of that reversal pattern with the break and close below...
This morning we conducted a very good lesson on the $USDJPY talking about how the market leaves clues & it's up to us as traders to uncover these hidden gems & use them to find quality trading opportunities. In this $USDJPY example the two clues that we uncovered were the potential for 2 reversal patterns. The first clue was a retest of previous structure highs...
Monday & Tuesday were excellent trading days for me. Yesterday...well not so much. Today, however, is CYPHER DAY! as I'm currently involved in two bearish ones and now have the $EURUSD on my radar for a bullish opportunity. In the bottom left-hand corner I pointed out an area that you may want to consider when thinking about stop placement. And if you're a trader...
Here's something that we just took a look at in the Live Room, while watching Yeelen's Testimony. EURNZD (Which is a pair I don't trade, for those who think I trade every idea that I post) is has rallied toward previous structure highs and is now retracing back down into the previous pennant pattern highs. Although I wouldn;t be looking for a full trend...
I just got long the USDJPY after yesterday's pullback. We haven't come to the best level of structure, but I like how price has reacted at this level. Good luck in the markets today traders, we have a good amount of news coming out for the USD & CAD today at 10am NY Aki Stokes Trade Empowered
Recently the $EURUSD has been trading at a level that I've has zero interest in. We've been stuck in a strange location, where we've been too high for me to want to buy, yet too low for me to want to sell. With today's rally, which I can only guess was due to the Trump Jr. Email mess along with Merkel's comments on the EU. This pair may push up towards the $1.16...
The USDCAD has provided us with a lot of opportunities over the past few weeks and coming into this week I was still looking for opportunities to get short. Although we were able to pull the trigger on a similar setup over on the AUDCAD this morning (Great Trade Syndicate Members!!), I never had the opportunity to involve myself in the bearish move that we saw...
This morning I fired off an idea to our Syndicate members looking at a short opportunity on the AUDCAD. What I was looking at was a bearish Bat formation that would also double as a potential trend continuation trading opportunity based off of my higher timeframe analysis. Although price provided us with a pain-free move to our initial target level it looks as if...
A repost of my previous share to see the difference between using the USA and UK versions of trading view
Although I wasn't able to involve myself in the predicted breakout lower, USDCAD gave us a few advanced pattern formations during the week that played out really well. Similar to the GBPUSD trade that I just posted, what I'm looking for here is a retest of a previous level of indecision and a continuation lower. I believe that Canada can go as low as $1.25's...
Last week we took a look at a potential Bearish 2618 opportunity on the GBPUSD and it couldn't have played out any perfectly. Now that the first part of the move has been made, the send prediction was a continuation down to the $1.28 level (or just above) Currently, we've created a new structure low and are putting in a bearish flag pattern. This week I'll be...
A little bored in the live trading room today so we decided to take a look at some random pairs and here's what we found A potential advanced pattern formation opportunity, coming after a beautiful 2618, which can also be used as an entry into a larger trend continuation trader lower Cheers!! Akil ( and our Live Room members)
This past Sunday I shared with you my trading idea for the GBPUSD. It's now making it's way down to my projected target level and as price continues to eb and flow I'll be looking for trend contiuation based day trading opportunities to hop on the move.