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.
Structure-trade
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
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www.TradeEmpowered.com -The Premier Online Trading Education Company
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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
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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
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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
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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
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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
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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
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EURJPY: Counter Trend & Trend Continuation Opportunities of 1HRAfter being stuck at the "D" completion point of a daily Bat pattern completion we've finally seen a break to the upside on this pair. We've not run into higher time frame (HTF) structure and I wouldn't be surprised if we saw some relief in price action.
This trade setups offers something for both counter trend and trend continuation traders. For the counter trend trader, "look left structure leaves clues" We also have bearish divergence between price action and the RSI. For the trend continuation trader we currently have Fibonacci ratio confluence lining up in our potential reversal zone (or as my Live Trading Room members like to call it our "A-Kill Zone")
It's THURSDAY so that means that my WEEKLY FOREX TRADING video will be out today. If you're not a subscriber make sure you head over to my youtube channel and do so. I don't have a fancy title yet but I'll be talking about a report that was conducted a few years ago giving statistical proof on WHY TRADERS FAIL.
Good luck out there today and do me a favor. GIVE THIS POST A LIKE, It takes less than a second ;-)
Akil Stokes
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www.TradeEmpowered.com -The Premier Online Trading Education Company
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CADJPY ( BULLISH CYPHER) + StructureWe have a potential bullish Cypher pattern which is completing @ 83.711. Price action will probably test the structure support and make a good climb to 84.00. Price action trading above the EMA, Good time to catch the Dip using the bullish Cypher pattern, Use proper money management, it is very very important. Cheers.
USDJPY 60min Bearish Trend Continuation Trade (TCT)This is a bearish TCT setup to get us back in the direction of the overall Bear Trend.
This trade is @ Market since we are banging up Resistance. Since we are so close to Resistance this trade gives us a good Risk/Reward.
Stops - 1 ATR above last swing high
Target #1 - Retest of Previous Lows
Target #2 - 1.27% Fib Ext
NZDCAD GARTLEY ( Structure + EMA)Hey traders! Have a potential bearish Gartley pattern completing @ 0.92190. Price action has put up a new structure low followed by the recent lower low. XAB and C rules criteria's are met now expecting for the D wave completion. Price action trading below the 89,144 Ema . We see a structure support which became resistance, Notice the X leg of the potential bearish Gartley pattern has been test, so it might create a double top and hit to the targets. We also see a trend-line which acted as resistance so we have a good chance of getting our targets off. Stops given above X ( the RED line) Targets are 38.2 and 61.8.
Cheers.
UJ CYPHER ( STRUCTURE + EMA)Hey traders! I have got all the reasons to long this pair at the completion. First of all let us look left for a second and identify the structure support which is just at the completion level which gives us pretty much confidence that price MIGHT reverse from there, Also if you look at the RSI we have already a bullish hidden divergence . EMA crossed over and will also act as support after it completes . Expecting a reversal to 118.362 first and then to 118.541.
I have also a similar setup in audjpy. Cheers.
GBPUSD: The Next Look at GBPUSDNo to much on my radar today, but then again, most of my analysis for the week comes after the Monday New York close. I did get a few questions to follow up on my last post. i'm a little late but here are my thoughts on the GBPUSD.
If you remember last week we were keeping our eyes on a potential short opportunity as price action made it's way up to previous structure. Well after the market create a NSH that changed our analysis on the trend. I wouldn't be as bold to assume a full reversal due to the nature of the break and close that we had, but a retest of previous structure can certainly be on the table.
See you guys in War Room!
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
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USDJPY Bearish Trend Continuation Trade & GartleyUSDJPY is still holding its current downtrend on the 60min chart. Until this trend reverses I will continue to sell all rallies.
Currently we have a Gartley, ABCD Pattern, and Fib Inversion all lining up in that "Sell Zone" (Purple box).
This gives us a CTS score of 8. If the RSI goes Overbought and/or we get Divergence on it, then we could have a score of 9 or 10.
Entry - I will use the Gartley Pattern to enter this trade aggressively.
Stops - 1 ATR above last Swing High
Target #1 - Retest of Previous Structure Lows
Target #2 - 1.27% Fib Extension of the last down leg
EURUSD: Keeping My Eyes on This LevelLot's of movement today with the ECB Press Conference this morning. As we start to see some corrections in the markets, i'll be keeping a close eye on this level for another potential short on the EURUSD
Tonight's youtube video is up so make sure you check it out. youtu.be
Also if you haven't done so already make sure you register for tonight's "Cracking The Code" event!!
(Link will be under today's video) *Out of respect for Tradingview we're not supposed to spam our ideas with links to stuff like this. *
See you there!
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered,com -The Premier Online Trading Education Company
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