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EURUSD: Two Things To Think About & Not Just PatternsHey traders, obviously this is not a time that you want to be trading, but i did want to share 2 things with you guys.
1) Two potential advanced patterns setting up here on the EURUSD inside of our current sideways movement and...
2) The link to the year ending Question & Answer session that Charles Miles, Jason Graystone & myself did this past Monday. www.youtube.com
Have a great holiday season! If trading in 2015 went well for you get ready to wipe the slate clean and continue being consistently profitable...and if it didn't then make sure you're doing what needs to be done in order to make 2016 different.
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com
USDCAD TWO GARTLEYS, WHICH ONE WILL COME FIRSTThis is a perfect example of how simple pattern trading can be. Two potential Gartley Patterns lining up. Because of the deep B- leg the potential D points are close to X, which gives us excellent RR setups.
Just make sure they meet your personal rules for entry.
Good trading. -Felix
GBPJPY 1 Hour: Bear Gartley & Bat PatternsLooks like I'm heavy on the Yen today as I'm currently short both the GBPJPY and the USDJPY with sell limits resting on the EURJPY as well.
On this particular chart we have both a bearish Gartley and Bat pattern depending on which impulse leg to decided to use as your "X"
It's good to be back in the markets after taking a week off for Turkey. Hopefully we can grab a little more coin before the year ends before we toast and start over from "0" in 2016.
Here's a link to a new daily video that I'm experimenting with. Let me know if you would like me to do this pre or post trading day by leaving a comment underneath the video.
My Morning Rant: www.youtube.com
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com
Short AUDCAD: Bat, Crab, Wolfe, Trendline, Pitchfork, PivotsAUDCAD is nearing a highly confluent zone of resistance. A bearish bat and a bearish crab are set to complete in a tight PRZ that may be contained by trendline and pitchfork resistance. A bearish Wolfe wave setup may also be completed in this area. To add to the bearish bias, two unhit daily pivots sit below price. RSI is overbought as well. Stop loss is placed above Bat X with targets at .382 and .618 CD retracement levels.
Confluence in the PRZ:
Bearish bat pattern completion
1.618AB=CD (bat)
1.618BC projection (bat)
Bearish crab pattern completion
3.5AB=CD (crab)
6.786BC projection (crab)
Bearish Wolfe wave set up
Trendline resistance
Pitchfork resistance
Unhit pivots below price
RSI overbought
Thanks for your support and don't forget to click the thumbs up button and follow for future updates and more trade ideas!