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 www.TradeEmpowered.com
Akil@TradeEmpowered.com
Twitter/Periscope/Stocktwits/Instagram: @AkilStokesRTM
Youtube: goo.gl/Afk5sG
FaceBook: www.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 www.TradeEmpowered.com
Akil@TradeEmpowered.com
Twitter/Periscope/Stocktwits/Instagram: @AkilStokesRTM
Youtube: goo.gl/Afk5sG
FaceBook: www.facebook.com/AkilStokesTrader/
"The Trading Coach Podcast" - Available on your favorite podcasting app!
anchor.fm/thetradingcoachpodcast
anchor.fm/thetradingcoachpodcast
