Based on the positions I took last week and a few pairs that I am watching, I am sharing my thoughts with you in this video. Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information...
Thanks for watching this video. This is an emerging setup, once it becomes a valid trade setup it will be published in Forex Bootcamp that you can access using the Telegram link in the link area below. Join my mailing list and receive free price action training at www.facebook.com
FX:AUDUSD Trend = up on H4 + D1 I noticed a good level to buy from, the yellow bar marks previous resistance now as support tested perfectly. I will be building long positions given that the bullish engulfing candle pattern (buy signal) that has printed and working with the trend and level aligning up. IF you are a bit more conservative in your approach,...
OANDA:XAUUSD Notice how the resistance level aligns with the 61.8% fibo retracement? I will be looking for a buy signal within the 1296 - 1301 range More details to follow!
1. Trend line broken to the down side 2. Using the breakout candle as reason for entering short at market price 3. Stop loss just above the breakout candle 4. Take profit placed at the beginning of the small up trend
FX:AUDUSD 1. Breakout to the up side 2. Resistance being tested as support 3. Looking for buy signal to go long 4. If the support fails = no trade 5. More details to follow :)