PRICE ACTION FOREX TRADING - WEEKLY PROFIT RECAP (+320 PIPS) & MARKET INSIGHT
PRICE ACTION FOREX TRADING - WEEKLY PROFIT RECAP + NEXT WEEK'S MARKET INSIGHT
welcome to another live trading session. In today's live trading session we did a profit recap of the trades we took this week and then we did some analysis for trades to take next week. We had a phenomenal week as we made approximately +320 pips without any losing a single trade.
We started off the week with a short on XAUUSD (Gold) which lead to a quick +55 pips. The analysis for this trade was done on Monday's free live session. We then took a short trade setup for USDJPY which led to a gani of +60 pips of profit.
During the midweek, we took a short for both EURJPY and AUDJPY. During our live sessions this week we used our price action strategy to identify the setups. Since entering, we have gained around +160 pips of profit from both trades. Although we expected further downside for both, recent fundamental advancements may change that outlook. We will speak more about this on Monday's session.
As for trade setups for next week, during our live we were able to identify trades for EURUSD and Crude Oil. Once again, using our simple, yet effective price action strategy we determined a short for EURUSD and a long for Crude Oil. To see the full analysis for both these trades, please watch today's session on our Portal.
This week went by fairly quick, and that seems to be the case when we make profits. Members of the trading room are learning and growing their accounts simultaneously. We have received very thoughtful and sincere complitments from members of the trading room in our chat. To them, we want to say we're glad you are enjoying the service and we appreciate the kind remarks. If you are still unsure about the trade room, give Monday's session a shot.
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.
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.
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