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USDJPY Pennant Pattern BreakoutSyndicate members there will be a video coming out on this shortly, but I wanted to share with you guys a potential breakout trade that I have on my radar this Tuesday Morning. If you're unsure on the different ways to trade these types of simple consolidation pattern you can check out the video I posted 2 weeks ago titled "How To Trade Breakouts" But there is a lot of potential upside on this trade especially when you consider the levels of structure that we have just broken & the next levels of potential resistance that lie on the daily around the 111 even handle.
Long
by Akil_Stokes
29
USDCADNon farm payroll has kept me away from the USD pairs as this pair will be very volatile and unpredictable in the way it moves however I have still analysed it. On the 1 hour window im expecting price to keep moving within the side trend for now and potentially come down to 1.31403 and break below down to1.31073, if not it will come down to around 1.31403 and then bounce back up and continue along the side trend. More fundamental analysis may be required due to this news (Non farm payroll)
by SKAMelo
EURUSD: Bearish Bat, Bearish Cypher, Structure ShortWe've had this one on our radar for a while now & finally price action has reached the completion point for our Bearish Advanced Bat Formation. (There's also a potential Bearish Advanced Cypher Formation hanging out a little higher) Because this pattern formation is to large for my liking, I'll be keeping an eye on the Pre-Brexit highs for a structure based trading opportunity as my way to potentially get involved. As mentioned in last nights video, I'm actually not to sold on this level as my analysis on the HTF's is telling me bullish breakout. But if there's a conservative way to involved myself (that meets my rules of course) then I'll be in. After all, as a counter trend trader we're only looking to grab a cookie crumb from the market & not a full cookie. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company Trade Empowered on YouTube goo.gl Facebook: goo.gl Twitter: goo.gl Instagram: goo.gl Periscope: goo.gl
Short
by Akil_Stokes
10
USDJPY: Structure/Advanced Pattern Formation ShortWe have a few things happening here on the USDJPY. First off we've had the completion of a Bearish Advanced Bat Formation at 105.88. Because the required risk to involve myself in this trade is outside of my allowable range, i've involved myself using structure & price action. As we approach the pre-brexit highs, you'll notice that not only has the momentum started to slow, but we're also seeing bearish divergence on the RSI as we hit our resistance level. Syndicate Members, if you haven't gotten to it already, this was one of the trades talked about in tonight's video so give it a look for a more detailed explanation. Good luck in the markets this week traders! Let's trade smart and leave those emotions on the sidelines. Akil Stokes Chief Currency Analyst & Head Trading Coach www.TradeEmpowered.com -The Premier Online Trading Education Company Trade Empowered on YouTube goo.gl YouTube goo.gl Facebook: goo.gl Twitter: goo.gl @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
Short
by Akil_Stokes
81
Fan Out! USDJPY Breakout?Seeing as today is Canada day (sorry), and it's about to be a big fat 3 day holiday in the US my view is that everything US is going to rise today in value in preparation for the break. In the case of the USDJPY I am currently now open with 100 points in fx spread LONG with the red horizontal ray at 102.3 dictating my stop. Not really sure how far I want to let it run, maybe all day, especially if the fan breakout materialises - Turn the Rhianna up #bitchbetterhavemymoney #stbinary #comeandactuallytradealready
Long
by STBinary
1
Getting Pounded - Reverse cowgirl!!! GBPJPYSo everyone and their mothers are having it in for GBP right now, right? So, let's seperate from the herd of sheep, and break out for a nice reversal here. Think of it like the best manga porn you have ever seen. You think it's finished, but oh no! It keeps on going! I'm recommending to my clients to Call this sucker for end of day, end of week and end of month from here. #bitchbetterhavemymoney Check out my coloured crayon lines to see where I entered in a majority of client liquidity. www.STBinary.com - Get your ass to the Street!
Long
by STBinary
CADJPY Short#CADJPY the lower highs indicate that this pair is going through a down trend. The EMA is a major confluence with regards to downside movement as the 7 EMA below the 50 EMA indicate that the market is in a long term downtrend, this is followed by the 3 EMA being below the 7 EMA which indicates that the market is in a short term downtrend. The short long term down trend followed by the short term down trend means that the probability of downside movement increases! This pair has also gone through a small phase of trending sideways (ranging market). Now this pair is approaching key levels as it has broken the support zone and has broken out of trending sideways. The daily candle being an 'up day' shows that price has had a chance to pull back, giving traders a great chance to get in the downside movement. A break of 79.2 is the target.
Short
by TallestFX