Market overviewBased 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.
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All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
Profitfx
Draw perfect channelsDraw perfect channels using a quick hack.
1. Draw at least one level connecting two highs or lows that are of importance
2. Press and hold control and click and drag with your mouse
3. Now you're an expert channel drawer :)
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 zc.vg
DISCLAIMER
All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
Sell setup emergingThanks 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.
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AUDUSD trade ideaFX: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, waiting for a 50% retracement of the bullish candle before activating a buy order can be considered.
Entering at market price 0.72601 with
TP @ resistance level 0.73787 and
SL below support (where this trade would be invalidated) @ 0.71787
Don't bet the farm and always exercise good risk management.