This setup is a perfect example of how multi-timeframe analysis can be such a powerful technique to use in your trading. Starting on the daily wen can IDENTIFY that price has come down to a previous level of structure. We can also IDENTIFY a candlestick formation that shows us to keep our eyes open for a potential reversal. THEN as we work our way down to the...
Following up on last weeks $GBPJPY weekly head and shoulders top idea, this week the $GBPJPY or "The Beast" as we call it, is putting in a descending triangle which has me anticipating a bearish breakout. I'm not sure if it will come this week as the pattern has only just became valid, but certainly something that is very high on my radar as this is one of my...
The $EURJPY is currently sitting at what I call a decision point, which means that price is currently at a place where the buyers & sellers are going to fight it out & the result will give us a powerful clue of what's likely to happen next. In this video i'll walk through this scenario & give you some ideas of where I would predict price action to go next based...
In this video we're going to take a look at a bearish continuation setup on the $GBPNZD. The idea behind this trade follows my 4-step I.P.D.E. process of Identifying what price has recently done & then using that knowledge to make a prediction of what direction are we likely to continue in next & IF we do continue in that direction THEN where is the next level...
The AUDUSD has become sandwiched between structure causing me to think that we may see some consolidation over the days to come until the market makes up it's mind on which direction it wants to breakout in. Consolidation can be ugly 7 messy for some, but for others it's the perfect opportunity to look for harmonic (or as I call them) advanced pattern formations....
The $GBPJPY has been on an absolute tear lately & because of that there's a massive bullish continuation association with the pair. Being a contrarian (as most traders are) whenever I see & hear this sort of talk I automatically start looking for shorts. If we venture up to the weekly timeframe you'll notice that we have once again retested the 2016 BREXIT...
Hey guys, in this video I'm going to walk you through my higher timeframe analysis on the $DXY & show you how I create a directional bias on the higher timeframes followed by what clues I use for added confirmation as I work down to the lower timeframes & look for potential reasons for entry. Please hit that LIKE button if you enjoyed the video & also don't be...
The EURUSD looks as if it may be entering another period of consolidation. Although many periods of consolidation are sloppy, choppy & contain nothing useful, they also sometimes are filled with hidden gems. In this case the hidden gems to be on the lookout for are 2 potential advanced pattern formations in the form of a potential bullish bat pattern & a potential...
In today's video we take a look at a bearish continuation setup on the $USDCAD. in it i share with you the reasoning behind my prediction & what I'll be looking for in order to have a trading opportunity on it. As always if you have any questions, comments or even want to share you chart. Please do so below. Also, do me a favor & hit that thumbs up button if...
Trading video taking a look at a price action pattern called the rising channel & a discussion on how supply & demand principles work in the market. Your Trading Coach - Akil
Originally my idea was to show you the second of a back to back head and shoulders pattern that recently formed here on the GBPJPY, but since my original recording the situation has changed a little bit...but not really. What do I mean by not really? Well hopefully this video explains how although the specific pattern may have changed, the general technical...
Here on the GBPJPY we have a double bottom that has just completed at a current level of structure support. Because the overall level of structure isn't too impressive I decided to wait for my secondary reason for entry as a way to wait for more confirmation before entering the trade. Speaking of confirmation, in this video, i also walkthrough the other forms of...
Today we're going to take a look at the GBPJPY & a price action/structure trade that I have on my radar. We're also going to do a comparison to another similar opportunity that we had this morning & share with you why one is graded higher than the other. Please do me a favor & hit that thumbs up button if you like the video & ofcourse feel free to leave me any...
This morning I had a nice structure-based price action trade on my radar, but unfortunately it didn't meet my risk-reward rules. So in this quick video i wanted to briefly walk you through how I re-evaluated the opportunity for a potential second chance at entering. If you liked this analysis please let me know by hitting that thumbs up or leaving me a comment...
A little late with the post but something we took a look at this morning was a rising channel coming into a previous level of structure resistance on the JPN225. in this video I'll walk you through the process that i went through in finding this opportunity along with ideas for entries, stops & targets. Your Trading Coach - Akil
In this video we take a look at breakout & pullback trading & how I go about making the prediction for which direction price is likely to go in & specially where I think price is likely to go to. As always please leave any questions, comments, or shared ideas below Your Trading Coach - Akil
In this video we're going to take a look at 2 potential trading opportunities on GOLD. One being a potential bearish cypher pattern & the other being a bullish potential head & shoulder bottom. Your Trading Coach - Akil
Bigger picture, USOIL has been in consolidation lately & whenever I see periods of consolidation, I tend to be more aware of potential advanced pattern formations. Now i can't take the credit for finding this one (as my buddy Nicky forwarded it my way), but coming right off the back of a previous Bullish Gartley, we have a potential bearish Cypher pattern setting...