Forex Live Trading Webinar - EURUSD Continues to Fall, USDJPY Ready To Short?
Forex Live Trading Webinar - #EURUSD Continues to Fall, #USDJPY Ready To Short?
Welcome to another #liveForextrading webinar. Today, we went over our #profitabletrade setup for #EURUSD and then found potential trade setups for #USDCAD and #USDJPY. We then spent some time discussing the implications of tomorrow's #NonFarmPayroll release on the US Dollar, and consequently our #EURUSD and #USDJPY trades.
Our first trade of the year was a short on EURUSD which was analyzed and taken on Monday's session. The trade is currently up +50 pips and counting. From a #technicalanalysis standpoint, we do expect further downside for the pair. Ideally, we want to be out of the trade before tomorrow's Non-farm Payroll release.
In today's session, we applied technical analysis to #USDCAD and #USDJPY. We were able to find setups for both pairs. For USDCAD, we were able to determine a #bullish bias because the pair has reacted strongly to monthly support at 1.31000. For USDJPY, we determined a bearish bias as the pair is resting at strong daily resistance at 109.500. All setups are pending entry, if our entry criteria is validated, a signal will be sent in RP Forex's #Telegram channel.
Amid the US and Iran chaos this week, we were still able to find a winning setup in EURUSD. We also have Non-farm Payroll Release tomorrow, so we do have to take caution of that. With all that being said, our first trading week of 2020 was great. We have almost twelve more months left in the year to trade, so there is no need to rush. The same #riskmanagement principles we used last year, will be incorporated this year. Next week should definitely be more eventful for us as we already have a few setups to enter. I will see you all tomorrow for another live trading session. As always, be safe 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 to another #liveForextrading webinar. Today, we went over our #profitabletrade setup for #EURUSD and then found potential trade setups for #USDCAD and #USDJPY. We then spent some time discussing the implications of tomorrow's #NonFarmPayroll release on the US Dollar, and consequently our #EURUSD and #USDJPY trades.
Our first trade of the year was a short on EURUSD which was analyzed and taken on Monday's session. The trade is currently up +50 pips and counting. From a #technicalanalysis standpoint, we do expect further downside for the pair. Ideally, we want to be out of the trade before tomorrow's Non-farm Payroll release.
In today's session, we applied technical analysis to #USDCAD and #USDJPY. We were able to find setups for both pairs. For USDCAD, we were able to determine a #bullish bias because the pair has reacted strongly to monthly support at 1.31000. For USDJPY, we determined a bearish bias as the pair is resting at strong daily resistance at 109.500. All setups are pending entry, if our entry criteria is validated, a signal will be sent in RP Forex's #Telegram channel.
Amid the US and Iran chaos this week, we were still able to find a winning setup in EURUSD. We also have Non-farm Payroll Release tomorrow, so we do have to take caution of that. With all that being said, our first trading week of 2020 was great. We have almost twelve more months left in the year to trade, so there is no need to rush. The same #riskmanagement principles we used last year, will be incorporated this year. Next week should definitely be more eventful for us as we already have a few setups to enter. I will see you all tomorrow for another live trading session. As always, be safe 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
