Structure-trade
EURGBP 4hr Double Top So was a little bit early on my entry as we moved almost 55 pips higher!
But what we have seen is the pair come back up into recent highs and form a Double top. This are is well into the oversold area of the RSI
How there are 2 possible outcomes we could come back down to the 0.77743 level and bounce
or
If we break structure there is a possible 2618 set up, which given the previous lower support I see this as an area to watch
SPX in the key areaSPX enters the key area for its nearest future as the price came up to 0.764 fib ret of the last downward move and the 1.618 extension of the AB leg in the potential structure pattern. Look for the signs of weakness on 1H chart (divergence on RSI or price channel breakout) it may be goog risk reward short trade with stops above 2120 and potential targets 1945-1920. Market is significantly overbought on the daily RSI(7).
SHORTING AUDNZD I have left everything on the chart for you guys/girls to read. if you have any questions just send me a message and i can help out sure thing.
Just want to shout out to Akil Stokes and Jason Stapleton for great material. Go check out there free stuff! They have by far the most valuable trading information on the planet and 99% of it is all free
Yet another fractal idea!They are not perfect (proportion wise) but the similarities are obvious in terms of structure.
so if it fails to break above 438 it will keep following the structure of the bigger rectangle with blue borders which means down to 390-380.. but if it does break up from this structure I think there is a big up possibility.
by the way I'm long with a tight stop.. I bet it will break up this structure :)
GBPJPY TCT (RSI DIVERGENCE) SETUPHey traders! I have a short setup here in 240min timeframe. Price action currently trading in structure resistance. RSI hidden divergence showed up which shows a great chance to take this short, a nice trend line showing good resistance too. The stop loss amount is a lot. I would not put more than 1% risk here.
EURUSD BEARISH CYPHER ( STRUCTURE TRADE)Hey traders! Posting a chart for EURUSD after a long time, and here I have come up with a bearish Cypher pattern completing @ 1.11635. I like this blue zone, It has been tested a couple of times and thus it has strong potential to pull the price down once again. So the cypher completing at previous market structure, expecting the drop to 1.11352 if it completes.
USDJPY: Potential Bearish Bat PatternAs the USDJPY finally shows some relief from it's tirade last week, we have a potential bearish bat pattern forming at a previous level of consolidation. The HTF structure lies a little higher at the red dotted line, but it would not surprise me at all if we saw a reaction between 114.50's and 116.00's
Other pairs that are on my radar today $GBPUSD, $AUDUSD, $XAUUSD
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
YouTube goo.gl
Facebook: goo.gl
Twitter: goo.gl
You Can Also Follow Me On Instagram, Periscope & StockTwits @AkilStokesRTM
EUR/USD long psychological resistance and double bottomPerfect scenario to enter the EUR/USD long, 1,12 is an important support zone and psychological border.
We follow the general upwards trend of the last weeks by opening a long position.
Target is set at the last structural zone.
Stop-Loss a few pips below the support zone.
High Risk Reward Ratio!
EURUSD How We Approached The Potential Bearish Bat (Video)About a week ago I posted a chart looking at a potential bearish bat pattern on the EURUSD & told you that I'd be looking for reasons in my Live Trading Room to get involved in the move up to that level.
Well this week I was able to take advantage of that opportunity & wanted to share with you the video demonstrating how exactly I did so. www.youtube.com
I'm trying to reach 25,000 subscribers on my youtube page, so if you like what you see please support by Liking, Sharing & Subscribing. Thanks in advance!
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
YouTube goo.gl
Facebook: goo.gl
Twitter: goo.gl
You Can Also Follow Me On Instagram, Periscope & StockTwits @AkilStokesRTM
GBPUSD: Potential Reversal Zone for TCT BullsPotential Bullish Trend Continuation trading opportunity on the GBPUSD. To create my potential reversal zone I've used a combination of structure, market harmonics and Fibonacci tools.
Also if you missed it live yesterday I posted a recording of our week 5 trading recap video on my youtube page.
If you're new make & you like what you see make sure you give me a follow. If you're already following, thanks for the support and make sure you hit that THUMPS UP button in the top left of your screen.
Good luck this week traders!
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
YouTube goo.gl
Facebook: goo.gl
Twitter: goo.gl
You Can Also Follow Me On Instagram, Periscope & StockTwits @AkilStokesRTM
EURGBP BULLISH GARTLEYHey traders: We have a potential bullish Gartley setup in EURGBP. IF price action drops to 0.76555 the bullish Gartley pattern will be completed. Look left structure leaves clue , Resistance becomes Support as usual, We do have a chance to see the price action bounce from the structure zone, hopefully the stops are below it. We are trading above the 89,144 EMA's which indicating a bullish bias too, Also if you notice that before the XA leg we do have an impulse leg which is the new structure high which made the change in trend. I am expecting the price action to reach 0.76901 if the pattern completes. Also look at the RSI 7 period which shows a bullish hidden divergence.
Let us see what happens.
EURGBP / 4HR / GARTLEY PATTERNGARTLEY PATTERN
PAIR: EUR/GBP
TIME-FRAME: 4HR
TRADE: GARTLEY PATTERN
Currently getting involved with a Gartley
Pattern on the EUR/GBP 4HR time frame.
NOTE: These are potential trade opportunities. Please
re-analyse the trade before executing.
Star Prosper
Philip Stewart
WEBSITE: www.StarProsper.com
FACEBOOK: facebook.com
YOUTUBE: www.youtube.com
EURJPY: Double Top Follow Up & TCT Opportunity Earlier in the week we looked at a short opportunity on the EURJPY. After a period of sideways movement the market have finally moved in our direction and is slowly inching towards targets. More importantly stops have now been rolled from an area that offered 100 pips of Risk, to the new worst case scenario being 85 pips of profits.
(GREAT FEELING WHEN YOU KNOW THAT IT'S A PROFITABLE TRADE NO MATTER WHAT)
In the Live Room today we'll be looking at a potential move back into our previous outside return which would give Trend Continuation/Following traders a chance to get involved in the final part of this short. 129.60's looks to be a decent level to expect some profit taking and some bullish pressure.
Have you seen my latest youtube video?
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -
YouTube goo.gl
Face book: goo.gl
Twitter: goo.gl
You Can Also Follow Me On Instagram, Periscope & StockTwits @AkilStokesRTM
EURUSD / 1HR / TREND-CONTINUATIONTREND-CONTINUATION
PAIR: EUR/USD
TIME-FRAME: 1HR
TRADE: TREND-CONTINUATION
Underlying move is Bearish, looking at
Structure for our Trend-Continuation Trade.
NOTE: These are potential trade opportunities. Please
re-analyse the trade before executing.
Star Prosper
Philip Stewart
WEBSITE: www.StarProsper.com
FACEBOOK: facebook.com
YOUTUBE: www.youtube.com
GBPAUD Breakout continuation Fib .618 tradeThis is my first Idea I am sharing. I am still learning so I could really use some feedback from some seasoned traders. Please don't be afraid to blast my trade ideal.
I would like to see a retracement back to the .618 where there is some support structure and then back up to the -0.382 extension. I know its been bouncing off the .382 but here isn't much support there that I can see.
EURGBP / 15M / CYPHER PATTERNCYPHER PATTERN
PAIR: EUR/GBP
TIME-FRAME: 15M
TRADE: CYPHER PATTERN
See if we can get a fill on our pending orders
for this Cypher Pattern on the 15minute.
NOTE: These are potential trade opportunities. Please
re-analyse the trade before executing.
Star Prosper
Philip Stewart
WEBSITE: www.StarProsper.com
FACEBOOK: facebook.com
YOUTUBE: www.youtube.com
GBPUSD: A Trend Continuation & Countertrend Idea (Video)Just a quick follow up from the trade I shared with you guys in last night's video looking at a trend continuation opportunity on GBPUSD. As the market established a double top overnight, counter trend traders will also have an opportunity to involve themselves in a 2618 trade as well.
Make sure you check out yesterday's video for an explanation of the TCT trade
"Statistics on Why Most Traders Fail" www.youtube.com
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com
YouTube goo.gl
Facebook: goo.gl
Twitter: goo.gl
You Can Also Follow Me On Instagram, Periscope & StockTwits @AkilStokesRTM