PRICE ACTION FOREX TRADING - EURUSD and Gold Profits, EURJPY Next To Fall?
PRICE ACTION FOREX TRADING - EURUSD and Gold Profits, EURJPY Next To Fall?
Welcome to another live trading session in our Forex Trading Room. In today's session, we went over our #EURUSD and #XAUUSD trades which are both in profit and have brought us a combined total of +130 pips. We have moved our stop loss to entry price, making these two trades completely risk-free.
During yesterday's webinar, we went over four trade setups on the major currency pairs. Using the price action trading strategy we teach, we took a short position on #XAUUSD (Gold). The precious metal dropped as much as +80 pips since yesterday, and we have also been holding a short position on #EURUSD since last week. After a minor retracement, the pair has continued to fall again.
In today's session, we went over a high probability trade setup for #EURJPY. We identified key confluences on the currency pair that align with our price action strategy. Based on our trade analysis, we have determined a bearish bias on the currency pair. We are awaiting a critical bearish closure below 120.150 to confirm this bias.
In other news, we have the US CPI data release tomorrow morning, so we should all expect higher volatility then usual. The data is expected to provide strength to the US Dollar which is good for our current #EURUSD & #XAUUSD positions. However, forecasts aren't always accurate, so as we get closer to the news release, we will adjust our stop loss and profit levels accordingly. We will discuss the data and more trade setups in our Trading Room in tomorrow's live session. Join us today and get access to daily live streams every morning. Watch, learn, and profit with us. We grow together.
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 our Forex Trading Room. In today's session, we went over our #EURUSD and #XAUUSD trades which are both in profit and have brought us a combined total of +130 pips. We have moved our stop loss to entry price, making these two trades completely risk-free.
During yesterday's webinar, we went over four trade setups on the major currency pairs. Using the price action trading strategy we teach, we took a short position on #XAUUSD (Gold). The precious metal dropped as much as +80 pips since yesterday, and we have also been holding a short position on #EURUSD since last week. After a minor retracement, the pair has continued to fall again.
In today's session, we went over a high probability trade setup for #EURJPY. We identified key confluences on the currency pair that align with our price action strategy. Based on our trade analysis, we have determined a bearish bias on the currency pair. We are awaiting a critical bearish closure below 120.150 to confirm this bias.
In other news, we have the US CPI data release tomorrow morning, so we should all expect higher volatility then usual. The data is expected to provide strength to the US Dollar which is good for our current #EURUSD & #XAUUSD positions. However, forecasts aren't always accurate, so as we get closer to the news release, we will adjust our stop loss and profit levels accordingly. We will discuss the data and more trade setups in our Trading Room in tomorrow's live session. Join us today and get access to daily live streams every morning. Watch, learn, and profit with us. We grow together.
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
