Get started

Structure-trade

NZDUSD 1 Hour: Potential Short w/a Few Different Entry OptionsDespite an inverse reaction to yesterday's FOMC minutes, I'm still looking to be bearish the USD as we anticipate a rate hike in December. Being a technical trader, my fundamental views won't affect what opportunities I take, but it can beneficial when they both line up on the same side (for those of you who remember the USDCAD trades over the summer). Anyways, I'm looking for a short opportunity here on the Kiwi (which is also one of the weaker currencies) as we look to retest previous structure resistance for the 3rd time. Yup, 3rd time which means our double top has already occurred and we can now look for a......26-18 for a potential entry. A little hard to see on the hourly, but the view get's a lot clearer down on the 15 minute chart for you day traders. There's also a bearish Cypher pattern hidden in there for you advanced pattern only traders, or for those looking for an aggressive entry into the 2618. We'll look at this more in the live room today and remember gang, it's THURSDAY! So that means my Weekend Review video will be out. Make sure you head over to youtube and subscribe as I'll be doing a training lesson on the 4 Stages of trading and the evolution that a trader goes through. Just type "Akil Stokes" in and it'll take you where you need to go. See ya! Akil Stokes Chief Currency Analyst & Trading Coach www.TradeEmpowered.com
Short
by Akil_Stokes
6
EURUSD: Potential Short Combining Structure, Fibs & HarmonicsI was looking for a similar setup to this earlier in the week but never got the retracement I desired. Now after consolidating and holding at the 1.0700 level, I may be given another opportunity to hop on this downward move. Because I'm not a trend following trader, I need to be very specific with my entries to ensure that I get a good risk reward. So the further we push up into previous structure, the better the opportunity. If you'd like to know more about my story and the steps I took to turn trading from a hobby to a career, check out the video I recorded of me speaking at yesterday's Leadership Workshop at Millersville University tradeempowered.com Akil Stokes Chief Currency Analyst & Trading Coach www.TradeEmpowered.com
Short
by Akil_Stokes
7
GBPJPY 1 Hour: Potential CTS Shortthis was a potential opportunity that I had on my radar yesterday, unfortunately the markets decided to do absolutely nothing but go sideways creating a channel. If we breakout of this channel to the upside I'll be looking at a third harmonic move setting up a potential selling opportunity as we come into previous structure resistance starting at the 187.40's level. Syndicate members, i just emailed out a video going over this one in a little more detail. Also Check out my latest Periscope Video "3 Questions From A Prospective Trader" www.youtube.com Akil Stokes Chief Currency Analyst & Trading Coach www.TradeEmpowered.com -------------------------------------------------------------- What's Stopping You From Success? Take Our Free Trader Assessment tradeempowered.com
Short
by Akil_Stokes
6
EURGBP - Structure and Fibonacci Cluster indicating a move downBased on structure we can see a down trend in this pair as we are creating Lower Highs and Lower Lows We are now at the point where the previous high is tested. Also at this level we have a nice fibonacci cluster of the last 3 moves down. All of this for me points in the direction that the pair will move down. Entry : 0.7165 SL : > 0.7200 Target : 0.7060 Potential risk : +- 35-40 pips Potential profit : +- 100 pips Reward-Risk : > 2.5
Short
by Profit_Through_Patience
18
GBPAUD SELL SETUPWe could clearly see bearish impulse legs with lower lows with lower highs, We never know whats going to be happen next but with logic I can explain if this bat bat pattern works we might see a LL or a retest of lows. Unbreakable Rules 1. Never add to a losing position. 2. Never risk more than 5 percent of your trading capital on any one trade. 3. Always have a protective stop in the market. Guidelines 1. Never close a trade without a reason. 2. Take responsibility for your trades. 3. Markets that have higher lows are in uptrends. Markets that have lower highs are in downtrends. 4. Always do your analysis prior to the market open
Short
by Trader-Mick
4
EURUSD: My FED Day OutlookAs many of you know today is FED day as the FOMC has its Interest rate Decision & Statement coming out today at 2pm (New York). The expectation is that there will be no changes made at this particular time so most of the “volatility” and “reaction” will be based off of the tone of the statement as trader hunt for any clues of when the rate hike may occur. This is one of those fundamental events that I stay away from as we can potentially see some massive moves and larger spreads during those moves. Ever been stopped out of a position without your stops actually being hit? Yup! Although I won’t be trading during it, I still like to perform my technical analysis and see if I can predict where price action may shoot too after all of the madness is said and done. After all I firmly believe that the technicals tell you where the market will go and the fundamentals just help push it there faster. To the bearish side I have a potential Gartley pattern on the daily along with a level of previous structure support which could prove to be a good holding area. While to the bullish side I’m still eying up the intermediate level of resistance that we were looking at in yesterday’s trading session. (Here’s the video in case you missed it www.youtube.com There’s more resistance to the upside but its way too far to be attacked today as it’s over 400pips away….but hey you never know, that’s why I don’t try and predict these things. Akil Stokes Chief Currency Analyst at Trade Empowered Click here for 20+ hours of FREE Training tradeempowered.com Click the link below to subscribe for more FOREX TRADING videos www.youtube.com Facebook: www.facebook.com Twitter: twitter.com
by Akil_Stokes
4
NZDCAD. Retest of lows with at market Gartley patternHey, traders. This week starts with NZDCAD setup. As usual I look for a trend and enter in it's direction using advanced patterns such as gartley, cypher and bat. On the chart above you see a series of lower lows and lower highs wich is a definition of a trend. I already entered it and while I was typing this message priceaction went a bit away from my entry point wich is exactly 1,272AB extention. Don't hesitate to enter short if priceaction pulls back to entry point before it hits 0,382AD - in this case Gartley remains valid. I place my stops above X and my target is a retest of A-point. Look at the related ideas links to see how this setups work. Press like if you find the information interesting. Follow me on Tradingview to never miss my ideas
Short
by Alexander_Nikitin
8
NZDUSD: Get ready for mondaySo, here on FX:NZDUSD there is a very good trend following opportunity that should be monitored during the next trading week. I am looking the market to do the following moves: As we are in a bear market right now I look for the retest structure, price should enter the reversal zone and then fall down. As you see we have fibs confluence of 38.2 right at the resist level and 61.8 little bit higher which is a critical reversal level. If price does these moves we should be looking for the short entry and potential ABCD pattern formation, due to we have no structure below, we should use fibs extension tool and form ABCD pattern for your profit targets, depending the pullback is at 38.2 or 61.8. Target 1 is the least aggressive setup.
Short
by RCP
USDJPY Potential Bat pattern completion above structureHere at last we got a Bat pattern to look out for during the night, it got very good R:R but what worries me is that price have to come above structure before it gets to our buy zone! I only take this trade because we have a pretty high completion rate of Bat patterns on this pair. RSI is moving into overbought area so its good and you know the rules for Stops, Entry and Targets. If price goes south before hitting our entry the setup becomes invalid at the close below C point. Its been a busy night analysing i got 9 pending orders on my 10 pair portfolio and its 2AM right now so its going to be a busy nigt and day tomorrow with news and all. Its the name of the game! Please comment if you like these simple sharings from me. Kind Regards Thomas Jeff
Short
by UnknownUnicorn101425
3
EURUSD: Counter Trend @ 1.12s or TCT In Anticipation of the moveA lot of my radar today going around my trading portfolio including the EURUSD. After being stopped out for a loss on yesterday’s bullish Bat pattern, we re-did our IPDE process and started making predictions for our next opportunities. I still don’t see a structure level that I’m a fan of on this pair that is until/unless we get down to the 1.1000 area, but the next potential speed bump may come around the 1.1200 even handle number. Aside from it being a psychological number, we have multiple harmonic moves setting up in that area, some Fibonacci extensions, and most importantly, looking left we’ve got structure leaving clues. As discussed in yesterday’s live session, the question just isn’t “where will we go?” but “how will we get there?” And this offers yet another trend continuation (TCT) opportunity if the market were to retrace in anticipation on that 1.1200 level being hit. Of course counter trend (CT) traders, this makes no difference to you as you’re only waiting for the next structure level. We’ve got the Jackson Hole Symposium going on today which may provide some movement along with Pre-GDP and our normal Thursday Unemployment Claims out at 8:30am & Pending Home Sales at 10:00am. I don’t even try to pretend that I can predict the outcome of these events, but keep those in mind while trading today. We’ll be keeping an eye out for this one in our live trading room today along with potential trades on the GBPUSD, EURJPY, GBPJPY & USDCAD which are all high on my radar. Also it’s THURSDAY so make sure you check out my Youtube page later for my weekly Forex Trading Video www.youtube.com Have a great day of trading gang! Akil Stokes Chief Currency Analysis at Trade Empowered Click here for 20+ hours of FREE Training tradeempowered.com Click the link below to subscribe for more FOREX TRADING videos www.youtube.com Facebook: www.facebook.com Twitter: twitter.com
by Akil_Stokes
23