We broke this same setup down in the Live Trading Room yesterday, yet never got the pullback necessary to get involved. We've since pushed down a little further and have double bottomed but the same opportunity exists. We just had to adjust our analysis slightly.
As we look to start today's trading day this pair will offer a long opportunity to some with price action where it currently is. A short opportunity to others if price action goes where we predict it to go. And for the experienced trader, there may be an opportunity to take advantage of both moves.
With not much else on my radar today we'll certainly be looking at this first thing before our Warroom Meeting break.
Akil Stokes
Chief Currency Analyst & Head Trading Coach at TradeEmpowered.com
Akil@TradeEmpowered.com
Twitter/Periscope/Stocktwits/Instagram: AkilStokesRTM
Youtube: goo.gl/Afk5sG
FaceBook: facebook.com/AkilStokesTrader/
As we look to start today's trading day this pair will offer a long opportunity to some with price action where it currently is. A short opportunity to others if price action goes where we predict it to go. And for the experienced trader, there may be an opportunity to take advantage of both moves.
With not much else on my radar today we'll certainly be looking at this first thing before our Warroom Meeting break.
Akil Stokes
Chief Currency Analyst & Head Trading Coach at TradeEmpowered.com
Akil@TradeEmpowered.com
Twitter/Periscope/Stocktwits/Instagram: AkilStokesRTM
Youtube: goo.gl/Afk5sG
FaceBook: facebook.com/AkilStokesTrader/
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Coaching, Courses & Community
tieronetrading.com/
The Trading Coach Podcast
anchor.fm/thetradingcoachpodcast
Free Trading Computer Buyers/Builders Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
tieronetrading.com/
The Trading Coach Podcast
anchor.fm/thetradingcoachpodcast
Free Trading Computer Buyers/Builders Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.