Live Forex Trading - CADCHF & USDCHF LONG TRADE SETUP + How To Choose Your Stop Loss
Live Forex Trading - CADCHF & USDCHF LONG TRADE SETUP + How To Choose Your Stop Loss
Welcome #Forextraders, to another daily #Forextechnicalanalysis breakdown. In today’s live #tradingsession, we went over the current status of our forex signals from yesterday, and then applied technical analysis to find further trade setups for #CADCHF, #USDCHF, and #XAUUSD. We concluded the session by doing a quick lesson on How To Choose Your Stop Loss.
As expected, the forex market started with lots of consolidation this week. Out of the 3 trades that were analyzed in yesterday's live session, EURUSD was the only signal to move into a decent amount of profit. The other trade setups for XAUUSD and USDJPY were not activated. The global markets are awaiting tomorrow's CPI and Rate Decision for the US Dollar, as well as the results of the UK Election this Thursday.
In today's session, we were able to spot potential long opportunities for CADCHF and USDCHF. Both currency pairs are at a critical daily support level and we are waiting for bullish rejections on the 4HR timeframe to confirm our long bias.
We are still early in the trading week, but there not many trading days left in the calendar year. With that said, we should take pride in the number of profits we have made since April. We made these pips by staying true to our price action trading strategy, risk management protocols, and controlling our emotions. These next two days will be the last surge of volatility in the markets before the year ends. If you don't need to be in a trade, don't be in one. Capital preservation is key. However, this does not mean we'll stop analyzing the markets and providing trade ideas. We have some great trade setups that are pending and will hopefully be available to enter within the next few hours. As always, be safe traders and trade responsibly!
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.
Sign up for a TradingView Pro Account using our affiliate link below to receive $30 from them and $30 credit from us -- $60 in total savings!
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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 #Forextraders, to another daily #Forextechnicalanalysis breakdown. In today’s live #tradingsession, we went over the current status of our forex signals from yesterday, and then applied technical analysis to find further trade setups for #CADCHF, #USDCHF, and #XAUUSD. We concluded the session by doing a quick lesson on How To Choose Your Stop Loss.
As expected, the forex market started with lots of consolidation this week. Out of the 3 trades that were analyzed in yesterday's live session, EURUSD was the only signal to move into a decent amount of profit. The other trade setups for XAUUSD and USDJPY were not activated. The global markets are awaiting tomorrow's CPI and Rate Decision for the US Dollar, as well as the results of the UK Election this Thursday.
In today's session, we were able to spot potential long opportunities for CADCHF and USDCHF. Both currency pairs are at a critical daily support level and we are waiting for bullish rejections on the 4HR timeframe to confirm our long bias.
We are still early in the trading week, but there not many trading days left in the calendar year. With that said, we should take pride in the number of profits we have made since April. We made these pips by staying true to our price action trading strategy, risk management protocols, and controlling our emotions. These next two days will be the last surge of volatility in the markets before the year ends. If you don't need to be in a trade, don't be in one. Capital preservation is key. However, this does not mean we'll stop analyzing the markets and providing trade ideas. We have some great trade setups that are pending and will hopefully be available to enter within the next few hours. As always, be safe traders and trade responsibly!
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.
Sign up for a TradingView Pro Account using our affiliate link below to receive $30 from them and $30 credit from us -- $60 in total savings!
https://www.tradingview.com/gopro/?share_your_love=forexlens
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
