Akil_Stokes
Singkat

GBPUSD: Breakdown of a Bearish Trend Continuation Setup

FX:GBPUSD   Pound British/Dolar U.S
Many would call me crazy for looking to short the Cable ($GBPUSD) knowing that we're at a major level of structure on the daily chart , but IF we get the right type of retracement, there will be plenty of room to profit and exit the trade in what will simply look like retest of structure lows on the HTF             .

As you can see on my chart price action has recently gone through it's normal stages of expansion, consolidation, followed by expansion. My prediction is that we'll see some continued bullish action off of our current lows and retest that previous level of consolidation where I have an initial killzone made up of Fibonacci retracements and an inversion.. That's where I'll be looking for my opportunities to short.

Each week in the Live Room and Syndicate, we seem to pick a single pair that we stalk for days waiting for the right opportunity. Last week it was the AUDCAD             and that played out pretty well. Hopefully we can see the same here on the GBPUSD             .

Other pairs on my radar to start the week are the USDCAD             (which I'm already long this morning), NZDUSD             and AUDUSD             . Best of luck in the markets this week traders and if you want to see the video version of my Trading Recap just click the link below.

"Trading Recap Week #2: Attacking The $EURUSD" https://www.youtube.com/watch?v=lIxHziWFoTU

Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered,com -The Premier Online Trading Education Company
YouTube https://goo.gl/Afk5sG
Facebook: https://goo.gl/VTQngr
Twitter: https://goo.gl/FlH33l
You Can Also Follow Me On Instagram, Periscope & StockTwits @AkilStokesRTM
Voted 2017's
4th Most Helpful Trader on Twitter
https://twitter.com/akilstokesrtm

19th Best Trading Channel on Youtube
https://www.youtube.com/akilstokes

Learn to Trade the Markets & Join Our Trading Community
https://tieronetrading.com


great.
Balas
not a crazy move at all. Think of it in terms of the old phrase: "fortune favors the bold"
Balas
weekly pivot and approx Monthly Support(2) equals your potential short zone here;( just some added info)
+1 Balas
Thanks!
Balas
DerekUweri71 Akil_Stokes
Hi Akil, do you see a continuation pattern on £$ now?
+1 Balas
Akil_Stokes PRO DerekUweri71
yes
Balas
DerekUweri71 Akil_Stokes
ok Thanks. Is it not of interest to you? It looks a bit weird with about 4 pullbacks. Bulls are wrestling with this one, let's see what happens. Thanks again.
+1 Balas
Akil_Stokes PRO DerekUweri71
It's not at a level where I can execute a trad eon it but I'll certainly be keeping a watchful eye
Balas
DerekUweri71 Akil_Stokes
Thanks Akil, appreciate your time.
Balas
Afternoon Akil, Iv'e been watching this and have been shorting and made some great pips on this.

snapshot


All in my opinion of course, have a great day!
+1 Balas
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Laman Utama Pengimbas Saham Pengesan Isyarat Forex Pencari isyarat mata wang Crypto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Rumah Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Pengesetan Profil Akaun dan Bil Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Log Keluar