Forex Price Action means understand the PA & look for risk reward

Forex trading is all about limiting the risk & get the best of the trades with a limited opportunity is in sign in a week. But if you target only few pairs & price Action on hourly and below, then probably you are on the right path. Looking too long time frames requires much larger stops, even target is very good and trend is with the entry. But trade like such are quite rare & lot of drawdown is seen on the table if you look to overtrade to compensate for your earlier losses.

Take a look at the chart below. Price has already engulf the earlier flag & now will fake out the support as it has falling short of earlier starting point of decline. PA stands for long opportunity near the level mentioned below. Well worth to take the opportunity with such a small stop & very six times reward. I'll update the blog again once entry is taken & this trade is valid for only 24 hours & let see if we can grab this opportunity tomorrow.

Pending Buy limit of Nzd/usd @0.6333
stop 0.6327
Target 0.6366

Buy crude oil Futures ||Trade crude furures for a living

I'll update the text later
Buy crude oil @71.50
stop 70.85
Target 1st 73.45
second 75.20

Trading oppprtunity Low Risk Reward|| Buy Euro dollar

Euro is looking very strong against all its counterparts but crude oil supply and tension between USA & Iran is creating panic amongst traders worldwide. I expect dollar will feel pressure no matter what the outcome will be.Buying euro against dollar is very low and high risk trading opportunity. Follow the entry exit and trade this rally with caution

Buy Euro 1.1555
Stop 1.1450
Target first 1.1880
Target second 1.1950
Do remember to trail the position once 1.1600 is breached on daily closing basis.