Hey, Traders just wanted to follow up with you guys once again on the GBPUSD. This has been a pair that I've been tracking for the past week or so and thus far we've been dead on in our predictions. Although there may not be 500 pips worth of opportunity left, we have created a new structure low and another pullback can offer up to 300pips of potential downside action before reaching a level that i would consider too risky to continue selling at.
On the chart above you'll notice a few multi-color boxes. The lighter red box represents the technical zone in which price can retrace too before invalidating the current bearish move, while the darker zone would be the ideal entry area for a longer term trader. Obviously for a day trader you can look for opportunities at a much lower level and with much more frequency.
The green boxes represent where I think price can go to before we start to experience more buying pressure. The lighter green box is the bigger zone, while the darker green box represents the first area of major structure on the higher timeframe.
Last week was an AMAZING WEEK and I'm looking to carry that momentum into this one as well with this being the number 1 pair on my watchlist.
If you like the idea and write up. Please do me a favor and hit that "LIKE BUTTON" and/or Leave a comment. It only takes a second or so and it's a massive help!
Akil EVERTON GOT A WIN TODAY!!! & The Sixers have been playing well = Me Very Happy!
Hi Akil- It crossed the dark red zone. Where do you think it will stop around ? any ideas ?
Akil_Stokes
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@Alexander786, If we're going to see a continued bearish move then we should stay within the red box that i have drawn out. if not there's a good chance we can retest previous structure highs
JayyaOnsomkrit
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Thankyou for great prediction
Really love your idea :)
Great to see you are inching towards bigger predictions (pipwise) you are usually right and on point but I always wonder why you don't do so for even larger timeframes... which are in my view certainly easier and firm in terms of patterns (which I'm certain you know and probably you trade that way), maybe it is because you have to cater for audiences that have to be guided through the trickier day to day trading, which is a lot of work. Great work.
Akil_Stokes
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@KeTrader, Thanks, Actually I've always been a longer term trader. I think the reason I get labeled as a "day trader" is because I run a live trading room. But the Daily & 4 hour charts are where I spend most of my time
docjackal
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Hi Akil liked your update.
Haven't seen you r you tube vids in the last week or so.
Is that because your doing TIER 1 NOW?
Have a good week...
Akil_Stokes
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@docjackal, Thanks. Yes I've still been putting out youtube videos each week. There's a link to my channel below the idea description. Make sure you subscribe and put your notifications on, that way you won't miss them in the future.