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EUR/USD I see the short term trend as down, therefore class this as a Trend Continuation trade based on: – Bearish englufing shotting star formation close on the 4H, failing to close above the 50% retracement line (from daily timeframe – shown in yellow on chart image). – Price action failed to close above the 1.4117 level together with candles showing a lack of upward momentum. – Price has now placed in a lower high on the 4H something which it has not done in some time. – 8EMA failed to …
www.ForexCoachingPros.com http Stephen Story shows the trade report that he referenced in the previous video. He gives some great tips on how he learned from mistakes while developing this new strategy, and shows the report to prove his claims as well as to instruct.
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Full currency correlation for most of the US Session today. This allowed for several great trades using candlestick patterns, stochastic divergence, pivot points and fibonacci studies. LIVE FOREX TRAINING | EVERYDAY! www.fxbootcamp.com
Quite a pre-London move was in play to start today’s London session on the Japanese Yen pairings, and one could have found themselves up quite a nice amount of pips already to start the London morning. In this video however, we highlight how using primarily Fibonacci retracement levels, along with currency correlation (EUR/GBP, GBP/USD, USD/JPY) we were able to plan and execute a high quality short continuation on the GBP/JPY, since the British Pound was very weak at the time, for a …
GBP/USD trend continuation (Long) trade based on the 4 hour closing candle: – Belt holding 4H close above previous resistance at the 23.6 fib level 1.6468. – Price action found support off the 8EMAon 4H and closed aggressively above the 1H box range. – 1D shows the 8EMA had taken control with price finding support off the 21EMA. – Angle and separation developing nicely on the 8 & 21 EMA’s on 1H and 4H charts.
GBP/USD counter trend trade explained. Trade not taken due to Risk / Reward – Candle formation – Fibonacci 23.6 level
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