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FxcInvesting
May 31, 2016 8:18 PM

PRICE ACTION / TREND FOLLOWING VOLUME #2 Short

British Pound/Japanese YenFXCM

Description

PRICE ACTION TRADING.

STEP THREE

Find the forex reversal pattern.

STEP FOUR

Determined stop loss and entry point.


PRACTICE,PRACTICE,PRACTICE AND PRACTICE

SEE YOU AT NEXT VOLUME !!
Comments
Gwoog
OK thanks. Is there a certain time frame you always use? Daily only?
FxcInvesting
I trade Weekly, Daily and H4 timeframes
Gwoog
In the above chart, after seeing the candle pattern would you wait for the trend line break before entering? And what would be the expected TP be at? Thanks.
FxcInvesting
My TP is at 155.000 and I wouldn't wait for TL broke
rocky05.ra
Thank to discuss GBPJPY.. I like it. what others reversal pattern that appears for price action beside BEOB?
FxcInvesting
I will explain it next time ( IB, BUOB, BEEB, and much more )
rocky05.ra
Ok thank you
Metafora
Hi, Great job. The bullish trend line is very close so I think in this case I prefer to look for the break. Do you think I'm to conservative?
Thanks
FxcInvesting
Yes we have sure strong trend line very close, we can wait to price break it and entry on pullback to trend line. This is second setup.
Metafora
Ok. Thank you very much.
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