Blog is about Forex Trading for beginners. . Build forex trading strategies and make a living with Forex Trading.supply and demand price action, supply and demand zones, Price Action Techniques & learn to trade like banks and institutions
Wednesday, November 29, 2017
Pound dollar intraday outlook & trading signals of gbpusd & usdjpy
Sell stop @ 1.3435 stops around 1.3465
Target 1.3372 & 1.3346
Target achieved + 45 Sell stop usd/jpy @111.52 stops at 111.85
Target around 111.25 Stop loss hit -27
Tuesday, November 28, 2017
Price Action Analysis for Euro for 29/11/2017.. 09:45 A.M (GMT+5:30
As,I mentioned in my previous update that euro is following a pattern rallies & pause and it is the best way to trade the trending and reversing markets.
My trade for euro today would be Short @ 1.1852 with stops around 1.1886
( Market protect this area whole day except in the last session)
Target first would be 1.1825
Target second would 1.1775
Price Action zones are the areas where we should look for entries l Forex trading strategies.
Its been quite a while since I talk about the trading education, busy with my new scalping experiments but still the prime motive is to let everybody aware to where to look price action. Price action zones are the best way where to look for reversals. I always look to trade reversals in forex as I always look to jump into the trend on pullbacks keeping in view monthly, weekly & daily supply and demand zones.
Below I have posted Australian dollar h4 chart which is trapped between zones and looking to take stops both sides of the market. When a pair is trapped between rallies drops and drops & rallies then we should always wait for the unfilled orders after market hit the next extreme.
Price is capped between two zones below the historic level 0.7730 which holds the price down for two years. When price look to stay time below or above a level the reaction to these levels are imminent as first attempt to this level bulls rallies to 0.7900 area, but there was lot to come when you shift to monthly level which clearly shows a false bull candle and I would now keep a watch on monthly trend line perhaps to the end of this month and see if price react again with the same approach on daily & hourly time frames.
Scalping opportunity for eur/jpy on28/11/2017 1:36 pm (GMT +5:30)
Stop around 132.02
Target 1st 132.65
Book first around the mentioned & trailed the rest
Trade valid till 4.00 PM (GMT +5:30)
Monday, November 27, 2017
Eur dollar technicals & signal for 28/11/2017 11:43 (GMT +5:30)
Buying euro @ 1.1902 for retest of 1.1935 with stops around 1.1870
Trade is valid till 2 hours after european open & if target is achieved within that period then we will close the trade immediately.
Expect a test of cap around 1.1935-40 area which hold till New York open & when it was breached with a false breakout price tumble & now I expect yesterday lows to hold the price for retest.
Sunday, November 26, 2017
Eur/jpy is the pair to taget for sells @132.90
Stop @133.20
Target first 132.00
Target second 131.50
Trade closed with +70 pips at 10:00 p.m. (GMT +5:30)
Eur/jpy is the pair to taget for sells @132.90
Target first 132.00
Target second 131.50
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