www.fxtrainingzone.com 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.
www.fxtrainingzone.com GBP/USD short trade with an early 4 hour entry: - Important long term monthly levels. - 1H price action found resistance off 50% retracement line - Candles showing lack of conviction to the upside. - Monthly 21EMA present
This is a video overview of how to improve the timing of your trades using the oscillators MACD and Stochastics. The goal of the forex trading strategy is to align market and price action for the best chance of success when you pull the trigger. Video produced by FX Bootcamp, LLC (www.fxbootcamp.com
This is a video overview of how to improve the timing of your trades using moving averages. The goal of the forex trading strategy is to align market and price action for the best chance of success when you pull the trigger. Video produced by FX Bootcamp, LLC (www.fxbootcamp.com
45 minute walk-thru of FX Bootcamp's new book which features fundamental, technical and psychological analysis. It also helps you treat your trading as a business with business planning, budgeting and managing risk.
EUR/USD long trade based on the Non Farm news candle showing strong upward momentum: -4H strong support zone off a rising support channel. - Price has found strong support off the 61.8 retracement level on the daily chart.. - 5M chart indicating more upward momentum.
Strong momentum shown with bullish engulfing candle from the pull back to the 21EMA Reasons for Trade: - Price found support off the 21 EMA 4H - Price failed to move lower from a bearish candle formation - Daily showing strong upward momentum. - Final 5th Wave now complete.
Bullish engulfing candle of the 55 EMA daily. Reasons for Trade: - Price found support off the 55 EMA daily - Engulfed previous resistance area. - Price action found support off the 200 SMA on 4H - Used 5M chart to gain entry.
