EURGBP: Return To Structure Part 2Just to follow up on the EURGBP trading idea that I shared a few days ago. I'm still looking for a pullback down to the 0.8400 level as being the optimal level for bulls. However, as price has evolved over the past few days we may also have a closer level as well between 0.8520's & 0.8450''s especially if you're a day/intraday trader looking at the lower timeframes.
We'll be keeping an eye on this level in the Live Trading Room today, but bigger picture I still like the 0.8400 level more.
Akil Stokes
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Structure-trade
EURGBP: Return To Structure Syndicate members there will be a video uploaded breaking down this trade shortly (I have to re-produce it), But what I'm looking for on the EURGBP is a Bullish trend continuation trade opportunity.
The Red & Green boxes represent levels of structure in the market with Red being resistance & Green being Support. As you can see originally resistance held, but once beaten down was turned to support which was also retested and held before rallying higher.
If price action were to return to this level it would offer us a potential trend continuation trade as this market has a lot of upside potential.
Akil Stokes
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AUD/CAD: APPROACHING A POTENTIAL REVERSAL ZONEFX:AUDCAD is currently in a symmetrical triangle, if the price breaks out to the upside, we are looking to short once it gets to the reversal zone, there we have a 618 fibonacci retracement plus a 1.272 extension in confluence with a very nice Supply/Demand Structure Point.
Remember: Eyes on your mind not on your trade
CORTES TEAM
GBPUSD: Retest of Previous Structure SupportLooking at long opportunities here on the GBPUSD as we retest the previous structure lows above the $1.31 price point. For you fibonacci lovers we also have confluence between the 1.272 extension & 1.618 inversion which you know is one of my favorite combinations.
The reversal started a little before I got to my charts, so I'm not involved yet, but this will be the number one pair on my trading radar as we head into today's Live Trading session.
Akil Stokes
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Nike: Potential Bullish Gartley Formation (Just Do It)Nike was in the news today with a few missed estimates so i decided to check it out and what do you know, we've got a potential bullish Gartley formation coming right back down into previous structure support.
"Just Do It!"
Akil Stokes
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NZD/USD: Structure opportunities to get long After the Brexit news all the pairs are consolidating after a huge move, we are looking at a potential channel forming up for some time, in this case we have a structure based opportunity, if the price continues its move to the down side into the major support around @0.69835
If it does comes down, we will be waiting for some reversal patterns to form, so we can get involved in this market, and hoping for the RSI to get oversold.
This is a simple trade to take, not too much analysis
Thanks,
CortesTeam
Trend Continuation Trade - Oportunidad de venta con la tendenciaOpportunity to hop on the recent downtrend , we have a retest at previous structure resistance in confluence with a 61.8 fibonacci level, also the price has tested 4 times the minor resistance .
Oportunidad para seguir con la tendencia, testeó y respeto la estructura previa y está consolidado, tenemos también un fibonacci alineado de 61.8
Careful with the Brexit !!!
Trade The Breakout Después de haber violado un triángulo descendente, buscamos oportunidades de venta en la zona previa de resistencia, la cual coincide con un fibonacci de 38.2
After breaking out a descending triangle, we're looking to short the market at previous structure resistance, in confluence with a 38.2 fibo level
Be careful this week with the Brexit News
Cuidado esta semana con las noticias del Brerxit
EURJPY: Pullback into StructureI still think that we have room to push lower on the EURJPY so I'm eyeing up my next opportunity which may come between the 118.50's-119.50's level.
We may have a chance to get long (in advanced of that area) from a head & shoulders pattern retest on the LTF's during our Live Trading day as well.
Akil Stokes
Chief Currency Analyst & Head Trading Coach
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EURUSD: Two Levels on my Radar Part IVSorry for the late update I got caught up in England v. Wales, our PPT Event & then a 5 mile run. But as earlier today (after just missing a nice short opportunity grr!) one of my Live Trading Room members pointed out a potential bullish Advanced Bat Formation on the 4 Hour Chart that completed at the exact level that I'd been eyeing up all week.
This provided me an opportunity to get long at 1.1132's and once again proved how important having a community of traders to work with each day is. Many will assume that everyone in the Live Room is a novice trader, which isn't true. We do have plenty of them, but we also have some very experienced traders in the room as well which allow us all to have extra eyes on the market.
Now to pass out for a while (the legs are on FIRE!)
Akil Stokes
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EURUSD: Two Levels on my Radar Part IIIThe Euro is still one of the main pairs on my trading radar as it has been all week. Although we've yet to reach the level where I have buying interest we have been able to take a few bearish day trades in anticipation.
(If you missed my rant yesterday on the USD Bulls and the game they played during the FOMC yesterday make sure you check out yesterday's Syndicate video. Very Sneaky!)
In today's day trading session I'll be looking for yet another bearish TCT opportunity in anticipation of us reaching our lower levels of structure support as there looks to be about a 40 pip range which is more than enough for the lower time frames.
Swing trading wise, I'm still looking to buy starting at our Green box, but not aggressively so I'll have to wait for price action to dictate my decision making as I watch it test that level.
Akil Stokes
Chief Currency Analyst & Head Trading Coach
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EURAUD: Looking for a Bearish RunIf we end up getting a LLLC here on the EURAUD, my prediction for the next place that we'd see some buying pressure at is down at the 1.5050's-1.4950's level.
As a buyer, that's where I would look next if I'm interested in trying to catch a pullback. If I'm a seller, then I'm looking for a retest of previous structure & a chance to hop on the downward move in anticipation of the level mentioned above.
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
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EURUSD: Two Levels on my Radar Part IIIf awake at the close of the 5am candle I would have jumped in the double bottom long. Fortunately (this time) I missed out on what looks like may be a failed test as we've broken (but not yet closed) below.
This means all eyes are on the lower level of structure mentioned in yesterday's post around the 1.1160'd-1.1140's level.
It would have been great if the 1.168 fibonacci extension & one-to-one measured move lined up with that level instead of lower. But stops need to be beyond the lower support zone regardless so it doesn't effect the trading opportunity all to much.
Certainly a pair that we'll be keeping an eye on during today's trading session.
Akil Stokes
Chief Currency Analyst & Head Trading Coach
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