NZDUSD: New Structure Low, Outside Return, New Structure Low?

31 thg 7, 2015

Hey gang, first of all thank you for all of the great comments on yesterday's youtube video "How Do Know If My Trading Strategy Is Failing" (youtube.com/watch?v=gZ3gG3HbMjk) You guys said that you've learned a lot and please continue to let me know exactly what that was in the comments section on Youtube.

Today I've got bearish cypher patterns on both EURJPY and EURAUD on my radar, but felt like sharing a structure based trade with you this Friday to mix things up. Similar to the AUDUSD (but not the same), the Kiwi has just broken and closed below a level of structure, with a much more significant level resting below. I like to say that structure acts like a magnet so I'm predicting that the market will be pulled towards that lower level. Therefore I'll be looking for reasons to short the Kiwi this morning in the Live Room as the market creates a pullback.

Obviously there;s no way to tell now if I'll actually get involved in the trade or not, but my eyes will be glued to this one on the lower timeframes. Wishing all of you a great weekend and do me a favor, if you liked the video above, make sure you subscribe to my channel. I'd like to inspire as many traders as possible so tell your trading buddies to check it out!

Akil Stokes
Chief Currency Analyst
TradeEmpowered.com
[e-mail] /AkilStokesRTM /
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