Get started

Forextrading

GBP/JPY, Bitcoin And GBP/USD Trade ReviewIn todays video we review Bitcoin, GBPJPY and GBPUSD briefly. We posted a video last month on these three pairs and we outlined what we was looking for and expecting to happen. In todays outlook/review we demonstrate exactly how powerful pattern and higher time frame trading can be, as we was able to predict these moves spot on. If you haven't done so already please go and watch the previous video where we outlined entry and patterns we was expecting to see. Bitcoin: Bitcoin did produce a powerful up-move and we did in-fact see a strong sell off just after, however we anticipated this move to happen last month and we was ready to enter into some more long trades if a pattern was produced. We have managed to scale into our second position in bitcoin via a type 1 entry and we will mange the trade as further structure develops. GBPJPY: This is our best trade of the year so far, currently sitting around + 21R or 21%. In our previous video we spoke about GBPJPY to show further upside momentum as we are targeting previous structure after getting long based on higher time frame structure and a pattern fulfilment. We also mentioned in the previous video we was looking to add to our exiting positions further if we get a pattern confirmation. We didn't get any patterns for a while due to the market being so bullish, however price has recently shown weakness and provided us with a clean type 2 entry to get long into our third position. We still expect this pair to push up to the 155.000 area and if this pair provides us with additional opportunities to get long we will do so, but only if our parameters are met. Over all if we are able to stay long this pair with just three positions we still bank + 48 r or 48% on this trade. If price decides to break down we will structure stop out of our exiting positions that are currently in profit. This particular trade really does demonstrate how powerful pattern and higher time frame trading really is! GBPUSD: Sadly we just about ran out of time to look into GBPUSD further however if you have watched out previous video you will see we called GBPUSD to push up to the previous high after breaking a strong weekly resistance trend line. Price did in-fact push up to the previous high at 1.42000 as expected, we are now waiting for further commitment on GBPUSD to show signs of a sell off or to show further bullish signs to get long. (We will do a video on this pair in the future). You don't need to be glued to your screen 8-10 hours a day waiting for a hot intraday set up to to make a good return in trading, you be the judge. Ask your self would you like to trade? Would you like to have flexibility, clarity, time and have the ability to capture large moves? I hope you have enjoyed todays video guys! If you do you like this video and our way of trading the markets then please show your support by liking and commenting on this video. Until net time, trade safe! :)
Long
by ConorChurch