GBPUSD Low Risk High Reward Buy Trade SetupAs price is declining to test the area for Demand, we shall wait for a candle reversal stick pattern before an entry. Min Risk to Reward is 1:3. SL below Demand Zone.
Structuretrading
USDJPY Shark Pattern at Previous StructureCompletion of pattern is at 88.6%
Targets are 38.2 and 61.8
Stops above X
BTCUSD Major break of a significant resistance.Bitcoin absolutely smashing through this resistance. Starting to give some nice structure to use technical trading with.
GBPJPY - Start of Week Daily Chart AnalysisI'm not sure if I've ever shared a higher timeframe chart here on TradingView, but something that i do at the start of each trading week is a simple Daily Chart analysis, where I lpook at key levels in the market and begin to set up my overall theories for the week.
Akil
EURUSD 1HR - the importance of structure ----ABCD- 2618Had a very nice conversation about this pair with one of my clients last night and wanted to share this morning now that not much has changed overnight. There are 2 setups on this chart one was a double bottom which can now potentially turn into a 2618 opportunity at MINOR structure & the second is a potential AB=CB pattern with fibonacci confluence that can potentially complete at major structure.
The conversation had yesterday was about how to determine when structure was "Major" vs. "Minor" & how that may affect our trading decisions.
Personally i prefer to look my trading opportunities at major structure as it allows me to be more aggressive with my approach due to the risk reward that is often gained there. Plus we all no that "good moves don't last long" However that doesn't mean that you can't look for trading opportunities at minor structure as well. You certainly can, it just may be worth taking a more cautious approach & waiting for extra confirmation before pulling the trigger.
Well, it's almost 7am, time to double check stops and targets before the today's Monetary policy. A more hawkish than expected tone would work perfectly with my current positions.
GOOD LUCK TODAY TRADERS, HAVE A GREAT TRADING DAY!! See you this weekend with another video... Or maybe today, you never know
Akil
GBPJPY - READY FOR ONE BIG MOVE DOWN? - SIMPLE STRUCTURE TRADINGNot much to say other than the fact that we could be setting ourselves for a big move down, following the trend. We can already see the pair forming a bearish flag so watch closely for the break down.
Trade safe and do your own due diligence before entering the trade.
For further insights join me at:
www.valuedbusinessconsulting.com
GBP/CAD SIMPLE STRUCTURE TRADELooks like we have a valid bearish continuation pattern, and even though the trendline (light blue) has been broken I still don't feel like hopping on the trade, as we have a major level of Key Daily Structure just beneath. Therefore I prefer waiting for that level to break, retest it (by bouncing of the S1 daily PP) and then enter to get a better entry point.
All other details are displayed on the chart
DO YOUR OWN DUE DILIGENCE BEFORE ENTERING THE TRADE. NOT A TRADING SIGNAL.
Bearish Gartley 60 min chartfrom price action recent big move to the downside it has pulled back into structure. in doing so has formed a bearish gartley formation.
I am already live holding 2 positions. Entry was at 1.30156
stopps at 1.30347
1st Target 1.29862
2nd Target 1.29658
ETHUSD Short Let me start by saying that this is not something I trade.
Price is currently trending lower. I have some areas marked as a potential entry point and then the levels I would look
to take profits. IF price closes below 75.12 look out the turd could appear really fast.
IF one wanted to get long I would wait for conservative entry such as a 2618 trade set up.
the best of luck
trade at your own risk
you could lose everything
EURNZD - Breakout RetestHere's something that we just took a look at in the Live Room, while watching Yeelen's Testimony.
EURNZD (Which is a pair I don't trade, for those who think I trade every idea that I post) is has rallied toward previous structure highs and is now retracing back down into the previous pennant pattern highs. Although I wouldn;t be looking for a full trend continuation move here, I certainly think there is the opportunity for a trader to involve themselves in a low-risk trade looking for a retest of the highs.
Akil Stokes
Trade Empowered
"Plan Your Trade, Trade Your Plan"
AUDUSD Triangle Breakout LONG Opportunity As you can see price broke the upper line of triangle and made a new high.. This is classic beginning of uptrend. Wait for a reversal and enter near 0.76250. Target is 0.76780. Trade safe!!
AUDCAD Trend Continuation OpportunityAUDCAD is in clear bearish trend on 1H, and currently price pull backed into the Kill Zone.
You can wait for an entry reason like LLLC or Double Top on Lower Time Frame, or you can simply enter right away - you will get more than 1:2 R/R.
Stops would be above current OR and we would target a retest of the NSL
GBPUSD - An Intraday Short IdeaThis past Sunday I shared with you my trading idea for the GBPUSD. It's now making it's way down to my projected target level and as price continues to eb and flow I'll be looking for trend contiuation based day trading opportunities to hop on the move.
USDCAD: Stopped Out Earlier But Still Looking LongThis morning I got triggered & stopped out of a long entry in a matter of seconds thanks to some beyond positive Retail Sales news for the Canadian Dollar. Price has now retraced lower & nothing has changed much with my overall analysis for this pair.
I still have my eyes glued to this pair for another potential buying opportunity and I won't let the 18 pip loss earlier today scare me away. After all, if you're going to lose, lose small that way it doesn't hurt you psychologically or monetarily.
If we can get a retest of structure with a hold, that will allow me to put myself in another position that offers a great potential reward with very minimal risk.
Akil
USDCAD: Eyes Still On A Long Opportunity If you've been following me over the past few weeks then you know that I've been waiting on opportunities to get long on the USDCAD. After consolidating and holding at previous structure lows (daily), we've now seen a bullish rotation on the hourly.
It's important to remember that a "rotation" doesn't mean a trend, rather just the 1st leg of the 3 point move needed to establish one. If price were to retrace, it would offer us an advanced bat formation which could be used as reason for entry.
News events this morning, including CAD - Core Retail USD - Unemployment (8:30am NY) & the release of a the GOP Healthcare Bill (9:30am NY).
Syndicate Members, I'm having login issues so i can't upload any videos to the Members site, but I shot one through the TradeFloor this morning walking you through this setup.
Akil
EURUSD - The Rally To ResistanceAs soon as I hit send on the email, the EURUSD completes its double top at a retest of previous structure highs. This isn't the best place to short this pair in my opinion, but it is a good one and the only opportunity that I would have due to how price has developed.
Overall i still have a neutral bias on this pair but there's certainly room for a correction after today's rally to resistance.
Akil
GBPJPY: Looking Short Once AgainThe GBPJPY aka "The Beast" has been my favorite pair to day trade over the past few weeks. If you're familiar with this pair then you know that when it moves, it moves big & I've been able to get on the right side of those moves on my last few attempts, including the trade I shared with you guys yesterday.
Once again I'll be looking for day trading opportunities on the pair today starting at the 142.50's level.
Currenty (6:30am NY) we just completed a bearish Cypher on the 15min which I'm sure some of our traders are using for an entry reason.
Akil Stokes
The power of price structuresHere's a clear example of price structure: a few days ago the resistance level at 123.00 (tested multiple times in the past) has been broken and now it has been retested as support. Today's candle seems to confirm such level is holding as support but wait for candle closure.
EURUSD Technical outlookEURUSD 1-2-3 Breakout // Swing Triggered if price if price moves against me I will hedge the position and update the idea.
NZF/CHF short-term sell setupThis pair seems to be consolidating after an impulse down.
According to my analysis, it should make one more move down to complete the whole structure.
If it breaks the flag, sell this pair.
