PRICE ACTION FOREX TRADING - EURJPY & AUDJPY In Profit + Minor Pair Analysis
PRICE ACTION FOREX TRADING - EURJPY & AUDJPY In Profit + Minor Pair Analysis
Welcome to another live trading session. In today's Forex trading we went over our current status of EURJPY and AUDJPY trade and we then went over some price action analysis for minors.
During yesterday's live session we did a full price action analysis of AUDJPY. We entered the trade as soon our entry criteria was met. We had a significant push as soon as we entered due to the lackluster employment data from Australia. We had an +80 pip drop on the pair and we expect
further downside. We expect EURJPY to continue it's downtrend as well.
During the midst of the session, we took a look at a few of the minor currency pairs. After looking at a few, we have found a possible long setup on EURAUD. We are currently waiting for the next hourly closure to confirm our long bias. The setup has a 2:1 risk-to-reward ratio and it would be great trade to take to close out the week.
We then finished out the session by speaking about account size and risk management. Traders need to fund their account, depending on what the gains will be used for. If you are expecting to use Forex to pay off your rent and expenses, you should be trading with at least $10,000. If you are looking to just gain some extra spending cash, trading with $1,000 is fine. To hear the rest of our discussion on account size & risk management, head over to our Instagram to see the full segment.
This week has been phenomenal as we are currently up +225 pips and counting. We once again had zero losing trades. We have US Core Retails sales being released tomorrow morning, so we opted to look for setups on the minors in today''s session. If a setup comes our way, we will be sure to share it on our Telegram. Be great, traders!
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 Forex trading we went over our current status of EURJPY and AUDJPY trade and we then went over some price action analysis for minors.
During yesterday's live session we did a full price action analysis of AUDJPY. We entered the trade as soon our entry criteria was met. We had a significant push as soon as we entered due to the lackluster employment data from Australia. We had an +80 pip drop on the pair and we expect
further downside. We expect EURJPY to continue it's downtrend as well.
During the midst of the session, we took a look at a few of the minor currency pairs. After looking at a few, we have found a possible long setup on EURAUD. We are currently waiting for the next hourly closure to confirm our long bias. The setup has a 2:1 risk-to-reward ratio and it would be great trade to take to close out the week.
We then finished out the session by speaking about account size and risk management. Traders need to fund their account, depending on what the gains will be used for. If you are expecting to use Forex to pay off your rent and expenses, you should be trading with at least $10,000. If you are looking to just gain some extra spending cash, trading with $1,000 is fine. To hear the rest of our discussion on account size & risk management, head over to our Instagram to see the full segment.
This week has been phenomenal as we are currently up +225 pips and counting. We once again had zero losing trades. We have US Core Retails sales being released tomorrow morning, so we opted to look for setups on the minors in today''s session. If a setup comes our way, we will be sure to share it on our Telegram. Be great, traders!
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
