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Akil

NZD/JPY Prepare for 1000 pips +We already got major trend change for NZD/JPY but we are only waiting for good entry!! We may not reach previous structure for entry but we will have to entry earlier after breakdown of retracment up to EMA 36. Using heikin ashi candles helps us that so after breakdown of retracment i will short it defnitely. Resons for trend change are already written on the chart : 1. We have got valid double top 2. Later existing support hold price and made extreme structure which now reacts as a resistance 3. After that we have got LH (lower high) which signals us trend weakning 4. And after that we have got straight breakdown of EMA 200 + that major structure + trendline even before 5. We are getting LL at this moment (Lower low) Our stop loss is little above the structure but anyway we have rules to exit trades after breaking structure differently which save us a lot of pips (manual exits if trade goes wrong with rules ofcourse) Target will be major PRZ down there at 75.000. Remember to split your trade in at least 2 or 3 positions so you can close it at minor PRZs and EMA 633 exit. How to trail it? I personaly like trailing it above EMA 36 which is very good by the results. If you want to be more agressive, trail it above EMA 12 or even above retracments. We expect around 1500 pips + with several positions or even more. Best regards
Short
by AcademyInvestment
15
EURAUD 4 HR: Pattern Entry for Trend ContinuationI'm looking at two things here on the EURAUD. Bigger picture is a potential bearish trend continuation trade as price action looks to make a retracement into a previous shelf of structure. Around that same level lays a potential bearish butterfly pattern completing at 1.618 & 1.272 Fibonacci confluence. Adding to that we have more ratio confluence in the form of a 78.6 & 50% Fibonacci retracements from previous structure highs. Just for a little added confidence this potential butterfly would complete a the 1.44000 which is a psychological round number. If you didn't see it already (shame on you, lol) I broke down this trade in my most recent Weekend Review video on YouTube. www.youtube.com Today's my off day, but I wish you guys a great week of trading! Akil
Short
by Akil_Stokes
2
GBPAUD: Structure Trade With Amazing Risk RewardThis morning I recorded a video looking at a bullish Gartley opportunity that I missed. By the time I got my orders in price action had move well beyond the original entry point offering a much better risk/reward. Hours later we are still holding on tot he very last bit of structure and are attempting to put in a double bottom depending on the close oft his current candle. Between the structure level, advanced pattern, RSI being overbought, the retest of structure and the RSI divergence. I'd say this is a heck of an opportunity to get long. Just look at the potential risk reward. Targets a little lower at structure still make it more than worth it.
Long
by Akil_Stokes
27