Forex_Wealth_Factory

Forex_Wealth_Factory

Tips and Tricks on How to Trade the Inside Bar Candlestick Formation What is an Inside Bar? An Inside Bar is a two-bar price action pattern where the second bar (the inside bar) is completely contained within the high and low range of the first bar (the mother bar). This often signifies a period of consolidation or indecision. Trading the Inside Bar: Breakout...

Forex_Wealth_Factory

Gold is making decent waves recently and now it continues moving in this up trendline. according to the price actions right now we might see a nice move to the upside really soon.| ENTRY REASONS: * price is giving great bullish signal around the fib levels. * fib levels managed to push the price and the price failed to penetrate the

Forex_Wealth_Factory

this pair has been rallying to the upside very strong without any retracement. right now it is standing at a very strong resistance area and on small timeframes we would see some nice bearish price action. u can enter a sell trade now and expect a very hard drop in the EUR/NZD Price .

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Forex_Wealth_Factory

the price is standing at a very critical area between 71 and 78 fib level. this will be great chance to buy this pair

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Forex_Wealth_Factory

since AUD is very strong today , it happens to be great for AUDCAD now as the price is standing at 71% fib level and around the up trendline so u can enter ur buy trade now. to know where to put ur SL and TP check my latest idea i shared it all with full detailed i will leave it for u in the related ideas.

Forex_Wealth_Factory

as described on the chart the price is moving in down trendline and creating lower highs and lower lows, right now the price is creating the next lower high and this will be great point to sell the pair. also if we used a Fibonacci tool to measure the next wave 1.37 will be great point to sell the pair, also u can wait for a good a bearish price action around the...

Forex_Wealth_Factory

The Fib Tool Is Crucial For My Strategy and i will show u how to use correctly to guarantee ur trade will hit TP instead of SL. 1- i choose 61% - 71% - 78% fib level. 2- i wait for the price to be between 61% and 71% to enter a trade and waiting for a good price action will be extra good. 3- to put ur sl it needs to be above 78% fib level at least 30 pips. 4-...

Forex_Wealth_Factory

the price is standing at a strong resistance we can enter a sell trade especially that we have a really good bearish price action

Forex_Wealth_Factory

the price is moving around the resistance and so far unable to go to the upside. for me i think it is a good chance to sell this pair. you can enter with me sell trade now or u can put a sell limit order for a better chance to have a tighter stop loss. i will keep u guys updated when the pair moves forward.

Forex_Wealth_Factory

for a while all the JPY pairs have been flying only no respect for any resistance or any strong levels. and since " THE TREND IS YOUR FRIEND" is my main rule and i never break it i think i should find a buy setups only in all JPY pairs. right now the price made small decent waves on the 4h timeframe. the price is so close to 71% fib level in my fib tool so it will...

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Forex_Wealth_Factory

the trades i entered this week were GBPUSD +90 PIPS GBPNZD +30 PIPS GBPNZD -10 PIPS EURJPY +140 PIPS USDJPY +90 PIPS CADCHF +120 PIPS

Forex_Wealth_Factory

price moved exactly as i said and now it hit +80 pips congratulations if u followed my instructions.

Forex_Wealth_Factory

price is creating a bearish wave to form a lower high. as we stand at the 61% fib level we can sell directly. Sell GBP/NZD @ 2.07280 SL: 2.07880 TP: 2.05280

01:56

Forex_Wealth_Factory

in the video i will address all the entry reason and why i think we should sell this pair

00:48

Forex_Wealth_Factory

the price is moving in down trendline on all timeframes so we can enter a sell trade now directly after the price failed to break the 71 fib level

Forex_Wealth_Factory

the price managed to break the resistance area and closed above it on the 4h timeframe. to enter a buy trade we need to wait for the price to come back again to the res area to retest it and from there we can enter a buy trade

Forex_Wealth_Factory

if we do a back test we will see that the price is standing at a very strong area of resistance and support that pushes the price strongly. i will wait for the daily candlestick closure to see how the price will react to it. if the daily candlestick failed to close above and at the same time i get a good bearish price action i will sell AUDCAD at once. those are...

Forex_Wealth_Factory

EURNZD now hit a really nice area of support and the price reacted really good around it and gave us great bullish price action candle stick. u can enter a buy trade now on this pair or u can wait for the price to come a little lower so u can put a small and tight stop loss. your final target can be around the highest high the price made. good luck all.