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GBPUSD: Decision Point "IF/THEN"1st of all thanks for all of the great feedback on my recent article in FX Trader Magazine. You guys are great!!! Now to the charts! GBPUSD is making it's way down to a key decision point level. I call this level a decision point because how I decide to trade this will be determined on what type of decision is made by price action at this level. If you've been following myself or anybody at Trade Empowered, then you've heard us mention the "If/Then" thought process. Here's a perfect example of how/when it comes into play. "IF" price action holds at that level "THEN" I'll be looking for a long opportunity. "IF" price action creates a Lower Low, Lower Close (NSH) "THEN" I will shift my mindset & look for a trend continuation type of trade to the bearish side. We'll be keeping a close eye on this pair in the Live Trading Room today, and some pairs with similar setups will be the EURJPY and USDCAD. **KEEP NOTE*** We do have FOMC Minutes being released this afternoon at 2pm New York time. 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 @AkilStokesRTM (Instagram, Periscope, Snap Chat & StockTwits)
by Akil_Stokes
63
GBPUSD: Advanced Cypher Formation at Previous SupportLast week I shared with you a video of a prediction made on the GBPUSD and what you could be looking for if you didn't get involved at the original entry. Well we never got the double bottom, however there is now a chance that we could see an advanced pattern formation complete in that same area. The three ways to attack this trade would be A) Strictly trade it as a Cypher Formation B) Just use the Cypher Formation as the entry reason for the bigger structure based trade C) Both If you haven't seen it, make sure you check out the Live Periscope that I did yesterday called\ "9 Habits of High Achievers" www.youtube.com Wishing you all a GREAT WEEK in the markets. 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 @AkilStokesRTM (Instagram, Periscope, Snap Chat, Stocktwits)
Long
by Akil_Stokes
5
GBPAUD Long: Breakout to New Monthly PivotGBPAUD has broken a bearish trendline and could possibly reach its new monthly pivot for February, 2016. This is a simple mean reversion trade based on structural S/R and a trendline breakout. Support may be found at the 200SMA and 200EMA lines in addition to S/R from structural lows. The short-term bullish trendline may also add support should price reach those levels. Entry is placed at the retest of the bearish trendline with SL below structural lows and target at the new monthly pivot.
Long
by glennmercer
1
AUDCHF H1 POTENTIAL BULLISH BAT PATTERNWe can see that the pairing has started heading to the bullish direction by breaking the 0.70982 resistance line. For now, going long is the best option where there is no sign of bearish evidence at the moment. A potential bullish bat pattern also appeared as we can see from the chart, the entry of the Bat lines up perfectly to the highly respected area, therefore it increases our chance of winning as a long position. Blue box is the floating area for this trade, it forms by taking the current possible support (0.70335) and the next possible support (0.70011). Stop loss is placed just below the blue box just in case the current possible can't hold the pressure. 1) Bullish Bat Pattern @ 0.70335 (TP : 0.71039 | SL : 0.69966) 2) Retest Highly respected area (Horizontal Aqua) 3) Possible floating area (Blue Box) Comments are highly welcomed here, regardless criticize or complement!! We learn by giving, accepting and respecting each other's opinion. Thanks, and happy trading TRADINGVIEWERS !!!
Long
by TOPFX.Kimmy
Reasons i went SHORT on the AUDJPYHere on the AUDJPY i have explained a few reasons why i am short this pair from the .786 retracement after the break and close below previous swing low. the rally that has followed in my opinion gives me a great opportunity to short with a small stop loss and good potential profits. If you are interested in seeing the way that i analyze the market and how i come up with trades like the .786 retracement strategy that i used to enter this trade then check out the video in the link below and my channel for more great FREE trading education and dont forget to follow me here on trading view! video LINK: www.youtube.com channel LINK: www.youtube.com
Short
by StevenH
GBPAUD aggressive double top tradeHere on the 1hr chart we have a double top forming at a previous major structure level. We also have an overbought RSI and RSI divergence which in my experience normally sets up pretty accurate trading opportunities. The rules of my plan state that i can sell the double top before it breaks the neckline if the first test of the high is overbought on the RSI and if there is RSI divergence on the second test. Plus there is really good risk reward on this trade. So im short GBPAUD because of a few technical indications.
Short
by StevenH