About meCEO of Vertex Investing. Professional Forex trader.
@Bencheungfx - Instagram
Ben Cheung - Youtube
Keep your chart clean and simple, let price do the talking.
Risking only 25 pips on AUDUSD we have a huge risk reward ratio. The pair has rejected a solid resistance line which also happened to be 50% retracement area and has started making it's way to completing a potential head and shoulders pattern.
Huge value to be gained via this trade.
What do you all think?
Instagram - benwycheung
Telegram - t.me
One of the hardest things that traders fail to grasp is the necessity to react and not predict.
Predicting brings in an aspect of hope, if you're hoping whilst trading forex then you're not trading forex, you're gambling.
Be ready for whatever price does. Follow your plan. Make those profits!
Trading Instagram - vertexinvesting
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Gold hasn't been overbought this bad in soooooo long. With that being said I've had a huge focus on shorting gold this week with some great success. Here's a setup for a nice short trade.
Things to watch:
NFP On Friday - Uncertain movements
Slight big stop loss (Use smaller lots)
What do you think affect NFP will have on Gold?
Leave your comments down...
EURUSD Has been making an ascending channel on the 15M chart. If you've followed me in the past few weeks you'll know I've had a bullish bias on this pair.
With Trump seeming to have a positive speech we need to be careful on our entry and stop loss size as we could see some positive dollar movement.
Leave a like, comment and drop a follow for more daily setups...
As I'm sure most of you all know Gold has been on a rise of 1400+ Pips over the past few weeks. It may be time for gold to finally lose some value in the long term.
However, short term this is a very good opportunity to sell gold. With a strong resistance and a 50% retracement we have some great confluence for a short trade.
165 Pip Setup on this one.
In the short term (hourly) we still have some potential bearish pressure but our stop loss is placed pretty safely to soak up some of that pressure.
On the daily we can clearly see a break on the downwards channel and a clear pinbar rejection after the break. See where the pair opens and plan your approach accordingly!
Instagram - @vertexinvesting
We have recently posted a potential bitcoin sell however looking closely we can now see a break of a wedge pattern within our demand zone which is still relatively fresh. With the Daily/Weekly trend still holding and indicating an upward trend, now could be a very good opportunity to buy Bitcoin within the market.
What are your opinions on bitcoin?
For those who...
AUDNZD Has been creating an ascending channel over the past months. With the trend being bullish and price being at the bottom of a channel it is a great opportunity for a buy on the pair.
What we're waiting for before entry:
-Continued consolidation in the wedge pattern.
-Confirmation on the lower trend line.
-A strong bullish close above the wedge.
Happy new year traders, hope you all had a good one.
NZD USD was slowly falling within a descending channel until recently when it broke out and managed to reach a resistance zone. Depending on how this daily candle closes we could be looking at a good short trade to the channel area as well as a potential long after reaching the first TP.
Instagram - Vertex...
After the bullish spike on the general election for GBP, the market has some correcting to do. As we see with most the GBP pairs now there is a steady retracement occurring and looks to continue. Using supply and demand we can have a general understanding of how the market will move in the coming weeks.
Take a look at the analysis above! :)
Although the markets are very slow at the moment, USDJPY has been working it's way up in this rising channel. I believe we could see a huge rejection from the outer price structure causing USDJPY to drop come new year time!
Happy Holidays All!
Hope Santa brought you everything you wanted :)
Is GBPCAD going to plummet come general election on Thursday?
12/12/2019 - Remember the date. With many of the GBP pairs sitting just outside of recent channels could we see fakeouts across to board with GBP plummeting straight down to lower trend lines or do we see GBP fly out of the channel into a huge bullish rally...
Either way, setup - Prepare - React....
With the general election coming up in the UK, Could we see GBPAUD breakout confirmed or do we see a fakeout with a bearish drop.
Depending on the election I believe that this pair is going to have some HUGE volatility and if you setup correctly, You'll 100% catch some great profits.
It's not about predicting. It's about preparing and reacting.
What do you...
Last week EURUSD made a double top followed by a double bottom. The double bottom has failed to break the neckline of the double top multiple times and currently is looking to push back to the demand zone drawn on the chart.
Not only is this a good short opportunity but if EURUSD hits take profit we could look to buy from the very same zone depending on price...
With the market closing with huge rejection I've decided to post a shorter term setup to what I usually post. Here we have CADCHF that had huge bearish pressure towards the end of last trading week. After consolidating towards the end of the week I hope to see the bearish pressure continued upon market open.
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Last week I posted a USDCAD setup that flew straight into TP1 but just barely missed TP2. Since then I closed out 50% but I believe now is a great time to place another entry as price has rejected a key fibonacci level and has already looked to start creating bearish momentum.
React not Predict.
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