GBPCAD It is heading uphill + 250 pips Welcome back! Let me know your thoughts in the comments!
**GBPCAD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
Structrure
EURUSD enticing the buyers? Just a video breakdown of how I draw my charts up - I'm very inconsistent in posting on here but if I'm able to help even one struggling trader then I'm happy with that.
This is my breakdown mainly using the 1hr chart which is my king timeframe I take my trades off the 1m but I'm not going to be posting that level of analysis at the moment.
I hope this helps someone and remember these levels are not levels that I just click buy or sell I wait for the lower Timeframe to align before I am willing to risk any of my money.
Sometimes these levels get ignored and that's fine, as a trader it's your job to adapt and not get frustrated that it didn't work and shouting that it doesn't make sense!
If you're new to trading my advice would not to be how to find great entries etc, it would be to understand what Liquidity is.
Master this and you'll always have a job in trading.. oh and Risk Management, oh and emotions, oh and trade management... good luck ;)
Trade Safe. PROTECT YOUR CAPITAL!!
EURJPY- 4 Hour Analysis Yesterday we were looking at the EURJPY & preparing ourselves for a potential Advanced Pattern completion down at the 120.30's level. That opportunity still exist, but EUR strength on the open has also created another potential trading opportunity the short side.
As price action approaches a level of previous structure support now turned potential resistance, well look to see if price will hold around the 121.50's area. If so & we receive a reversal signal we can then look to hop on a short opportunity in advance of the potential pattern completion.
Akil Stokes
"Plan Your Trade, Trade Your Plan"
Possible Gold Long Opportunity!Gold is in intact long trend with higher highs and lower highs. Gold is currently now pulling back from recent levels. In case of a retest of the last highs between 1216.42-1223.82, we will consider long trades against these levels with a potential stop-loss below the 61.8% Fibonacci retracement.
Initial target for gold is still 1280. So we will only consider long trades as of for right now.
We keep track of this. In case of a potential retest we will update this chart with the exact long setup. This chart will give you just a clue and sense of market direction. Trendlines or local highs and lows are useless when you don't know the structure of the market, please keep this in mind and use an tested strategy.
As always, trading is a probability game nobody is 100% right and always use a stop-loss when trading. Trade with care.
Cheers,
Secrets2Trade