EURUSD: Two Levels on my Radar Part II
Updated
If awake at the close of the 5am candle I would have jumped in the double bottom long. Fortunately (this time) I missed out on what looks like may be a failed test as we've broken (but not yet closed) below.
This means all eyes are on the lower level of structure mentioned in yesterday's post around the 1.1160'd-1.1140's level.
It would have been great if the 1.168 fibonacci extension & one-to-one measured move lined up with that level instead of lower. But stops need to be beyond the lower support zone regardless so it doesn't effect the trading opportunity all to much.
Certainly a pair that we'll be keeping an eye on during today's trading session.
Akil Stokes
Chief Currency Analyst & Head Trading Coach
TradeEmpowered.com -The Premier Online Trading Education Company
YouTube goo.gl/Afk5sG
Facebook: goo.gl/VTQngr
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AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
This means all eyes are on the lower level of structure mentioned in yesterday's post around the 1.1160'd-1.1140's level.
It would have been great if the 1.168 fibonacci extension & one-to-one measured move lined up with that level instead of lower. But stops need to be beyond the lower support zone regardless so it doesn't effect the trading opportunity all to much.
Certainly a pair that we'll be keeping an eye on during today's trading session.
Akil Stokes
Chief Currency Analyst & Head Trading Coach
TradeEmpowered.com -The Premier Online Trading Education Company
YouTube goo.gl/Afk5sG
Facebook: goo.gl/VTQngr
Twitter: goo.gl/FlH33l
AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
Comment
Just got short in the Live Room (5 Range Bar Chart) on a TCT trade in anticipation of this longComment
Sorry gang, forgot to update yesterday, missed initial targets yesterday bu 7pips and was stopped out on trail stops for +14 I'm all flat everything heading into the FOMC
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