PRICE ACTION FOREX TRADING - EURUSD, GBPUSD, GOLD, & USDJPY
LIVE PRICE ACTION FOREX TRADING - EURUSD, GBPUSD, GOLD, & USDJPY
Welcome to another live trading session. In today's trading session we do a price action analysis of the majors EURUSD, GBPUSD, Gold and USDJPY. We had a great week last week with +360 pips made and only one losing trade.
Last week Thursday we took another short for EURUSD, which went as deep as 50 pips into profit. We are currently at 30 pips of profit after the pair had made a slight retrace. We expect further downside to continue, so we will continue to hold this trade. Gold continues to have a bearish bias, as it did last week. Last week we took two separate shorts on Gold, and this week we look to short the precious metal again to our target of 1430.
Over the weekend, we saw GBPUSD gap up and make a slight rally. We were originally planning to short the pair if it broke 1.28000. That plan will be put on hold, until GBPUSD comes back closer to that level. However, we did find a intraday setup for USDJPY. We are awaiting for our entry criteria to be met, to short the pair down to 108.200.
This week has a decent amount of fundamental releases, so we will take caution about which trades we enter and when. I will see you all tomorrow at 11:00 AM EST for another live trading session.
RP Forex streams live during New York Trading Session with our members from Monday through Friday starting at 11:00 AM Eastern Standard Time, breaking down the charts. RP Forex in a seasoned trader and expert in Price Action. He teaches #TechnicalAnalysis and #FundamentalAnalysis, how to maintain good risk management to trade effectively in the forex market.
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Mandatory Disclaimer: Trading in the #ForexMarket is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in #ForexTrading, you should carefully consider your investment objectives, level of experience and risk appetite. Do not invest money you cannot afford to lose.
Risk Warning
By making an investment or by trading in financial instruments, your capital is at risk; As the value of your investment can rise, there is always the potential of losing some or all of your invested capital; Past performance (whether actual or simulated), predicted returns, or likelihood performance scenarios may not reflect future performance and certainly do not guarantee future results; Investing and trading in the forex market is highly speculative and involves a significant risk of loss. Therefore, speculation in the forex market should only be conducted with trading capital you can afford to lose and will not dramatically impact your lifestyle; We believe that you should always be aware of the risks before deciding on trading and investing your capital, consider your risk tolerance, investment objectives and your level of experience in like investments, and seek independent financial advice.
Disclaimer
Information contained in these videos should not be construed as investment advice, or investment recommendation, or an offer of, or solicitation for, any transactions in financial instruments. Market information is made available to you only as a service, and we do not endorse or approve it. The information provided in these videos are not to be viewed as an offer to sell or the invitation of an offer to buy any commodities or financial product described in this video or on the Forex Lens website. The information contained in our website has been obtained from reliable sources but is not necessarily all-inclusive and is not assured as to its accuracy.
Visit our website: http://forexlens.com
Welcome to another live trading session. In today's trading session we do a price action analysis of the majors EURUSD, GBPUSD, Gold and USDJPY. We had a great week last week with +360 pips made and only one losing trade.
Last week Thursday we took another short for EURUSD, which went as deep as 50 pips into profit. We are currently at 30 pips of profit after the pair had made a slight retrace. We expect further downside to continue, so we will continue to hold this trade. Gold continues to have a bearish bias, as it did last week. Last week we took two separate shorts on Gold, and this week we look to short the precious metal again to our target of 1430.
Over the weekend, we saw GBPUSD gap up and make a slight rally. We were originally planning to short the pair if it broke 1.28000. That plan will be put on hold, until GBPUSD comes back closer to that level. However, we did find a intraday setup for USDJPY. We are awaiting for our entry criteria to be met, to short the pair down to 108.200.
This week has a decent amount of fundamental releases, so we will take caution about which trades we enter and when. I will see you all tomorrow at 11:00 AM EST for another live trading session.
RP Forex streams live during New York Trading Session with our members from Monday through Friday starting at 11:00 AM Eastern Standard Time, breaking down the charts. RP Forex in a seasoned trader and expert in Price Action. He teaches #TechnicalAnalysis and #FundamentalAnalysis, how to maintain good risk management to trade effectively in the forex market.
CONNECT WITH US ONLINE:
Get the Latest News on Telegram: https://t.me/ForexLensInc
Follow Forex Lens on TradingView: https://tradingview.com/u/forexlens
Follow Forex Lens on Facebook: https://facebook.com/forexlens
Follow Forex Lens on Twitter: https://twitter.com/forexlens
Follow Forex Lens on Instagram: https://instagram.com/theforexlens
Follow Forex Lens on LinkedIn: https://linkedin.com/company/forexlens
Visit our website: http://forexlens.com
Mandatory Disclaimer: Trading in the #ForexMarket is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in #ForexTrading, you should carefully consider your investment objectives, level of experience and risk appetite. Do not invest money you cannot afford to lose.
Risk Warning
By making an investment or by trading in financial instruments, your capital is at risk; As the value of your investment can rise, there is always the potential of losing some or all of your invested capital; Past performance (whether actual or simulated), predicted returns, or likelihood performance scenarios may not reflect future performance and certainly do not guarantee future results; Investing and trading in the forex market is highly speculative and involves a significant risk of loss. Therefore, speculation in the forex market should only be conducted with trading capital you can afford to lose and will not dramatically impact your lifestyle; We believe that you should always be aware of the risks before deciding on trading and investing your capital, consider your risk tolerance, investment objectives and your level of experience in like investments, and seek independent financial advice.
Disclaimer
Information contained in these videos should not be construed as investment advice, or investment recommendation, or an offer of, or solicitation for, any transactions in financial instruments. Market information is made available to you only as a service, and we do not endorse or approve it. The information provided in these videos are not to be viewed as an offer to sell or the invitation of an offer to buy any commodities or financial product described in this video or on the Forex Lens website. The information contained in our website has been obtained from reliable sources but is not necessarily all-inclusive and is not assured as to its accuracy.
Visit our website: http://forexlens.com
