Iran war and the markets
Iran war already affected the markets. In this video, I will show you what I am looking to trade and how to analyse the market in such situations.
You can learn more about my technical analysis in the Professional Forex Trading Course:
https://eaforexacademy.com/courses/manual-trading/professional-forex-trading-full-analysis/
Hello dear traders, it's Petko Aleksandrov, and I'm doing a quick recap over the market early on the 8th of January 2020 because unfortunately, we are ahead of a US Iran war. Iran has struck
Early this morning 2 US basis in Iraq and most probably this will cause the war.
Anyway, I'm not going to analyse the war. I'm not a specialist in it. I just want to show you how this Affected the market and what we can expect out of it.
I am at the EURUSD at the moment, and this is what I'm trading with the Expert Advisors on that platform at the particular moment with the Iran war. And let's focus on some of the stocks, the currency pairs -
The Oil and of course the JPY. As you know, when there is a war, when there is some uncertainty on the market, the investors focus on the JPY. And this is considered to be the safe-haven currency.
You can see there is this volatility up and down, up and down for a couple of days.
Now, usually, what happens when there is a war, at this moment, it is the US Iran war, or upcoming war or some uncertainty? The JPY rises. And in general, we can see that the last days USDJPY has declined.
The Bitcoin, there was a prediction that if there is uncertainty if there is a war, the Bitcoin will rise and yes it did. It broke these 2 moving averages. I had 1 position when it broke right over here at the 40 and then yesterday when the 2 moving averages crossed right here I'm using the 7 and the 40 when they passed I opened another position, of course,
I have those positions in different platform, and now I'm looking at the levels of 9600 and the level of 9870 something because these were the new tops, but I am looking to take my profit below the round number of 9500. Below these tops, because obviously, they will cause some resistance.
And what more we should be focused on, of course, is the Oil. Always affected when there is something in the Arabic countries.
Oil is up now due to the US Iran war. It was tough to enter right over here for me. I went to the lower timeframes on M15, I had a couple of good counter-trend lines.
As you know from my courses, I enter 3 times normally. My average price is at about 69.85.
I took some of the profits when the price went above $71 and then when it declines a little bit.
So this is what I'm focusing on the JPY, the Bitcoin, the Oil and this is what I'm trading manually and I regarding the counter-trend lines.
That is my Professional Forex trading course:
https://eaforexacademy.com/courses/manual-trading/professional-forex-trading-full-analysis/
How I'm using the counter trend line, works really nice but at that account, I am trading the EURUSD with Expert Advisors. Again EUR had some volatility you can see here I have 50 Expert Advisors, and they are making a pretty good profit at the moment.
All right, guys, thanks for watching and of course let's hope that there will be no Iran war and the situation there will be resolved quickly. If you like that video give it a like, share, subscribe if you want to get more of my videos on YouTube, Facebook, and all social media.
Thanks for watching and the safe trading.
The course is included in our Packages:
https://eaforexacademy.com/packages/
★ Test EA Studio with 15-days trial and get the FREE course:
https://eaforexacademy.com/software/expert-advisor-studio/
� If you have any questions, please, write in our trading Forum.
https://eaforexacademy.com/forums/forum/general/
Our online algorithmic trading courses:
https://eaforexacademy.com/courses/algorithmic-trading/
Let’s connect on social:
Facebook: https://www.facebook.com/eaforexacademy/
Instagram: https://www.instagram.com/eaforexacademy/
LinkedIn: https://www.linkedin.com/company/33249615/
Twitter: https://twitter.com/EAForexAcademy/
You can learn more about my technical analysis in the Professional Forex Trading Course:
https://eaforexacademy.com/courses/manual-trading/professional-forex-trading-full-analysis/
Hello dear traders, it's Petko Aleksandrov, and I'm doing a quick recap over the market early on the 8th of January 2020 because unfortunately, we are ahead of a US Iran war. Iran has struck
Early this morning 2 US basis in Iraq and most probably this will cause the war.
Anyway, I'm not going to analyse the war. I'm not a specialist in it. I just want to show you how this Affected the market and what we can expect out of it.
I am at the EURUSD at the moment, and this is what I'm trading with the Expert Advisors on that platform at the particular moment with the Iran war. And let's focus on some of the stocks, the currency pairs -
The Oil and of course the JPY. As you know, when there is a war, when there is some uncertainty on the market, the investors focus on the JPY. And this is considered to be the safe-haven currency.
You can see there is this volatility up and down, up and down for a couple of days.
Now, usually, what happens when there is a war, at this moment, it is the US Iran war, or upcoming war or some uncertainty? The JPY rises. And in general, we can see that the last days USDJPY has declined.
The Bitcoin, there was a prediction that if there is uncertainty if there is a war, the Bitcoin will rise and yes it did. It broke these 2 moving averages. I had 1 position when it broke right over here at the 40 and then yesterday when the 2 moving averages crossed right here I'm using the 7 and the 40 when they passed I opened another position, of course,
I have those positions in different platform, and now I'm looking at the levels of 9600 and the level of 9870 something because these were the new tops, but I am looking to take my profit below the round number of 9500. Below these tops, because obviously, they will cause some resistance.
And what more we should be focused on, of course, is the Oil. Always affected when there is something in the Arabic countries.
Oil is up now due to the US Iran war. It was tough to enter right over here for me. I went to the lower timeframes on M15, I had a couple of good counter-trend lines.
As you know from my courses, I enter 3 times normally. My average price is at about 69.85.
I took some of the profits when the price went above $71 and then when it declines a little bit.
So this is what I'm focusing on the JPY, the Bitcoin, the Oil and this is what I'm trading manually and I regarding the counter-trend lines.
That is my Professional Forex trading course:
https://eaforexacademy.com/courses/manual-trading/professional-forex-trading-full-analysis/
How I'm using the counter trend line, works really nice but at that account, I am trading the EURUSD with Expert Advisors. Again EUR had some volatility you can see here I have 50 Expert Advisors, and they are making a pretty good profit at the moment.
All right, guys, thanks for watching and of course let's hope that there will be no Iran war and the situation there will be resolved quickly. If you like that video give it a like, share, subscribe if you want to get more of my videos on YouTube, Facebook, and all social media.
Thanks for watching and the safe trading.
The course is included in our Packages:
https://eaforexacademy.com/packages/
★ Test EA Studio with 15-days trial and get the FREE course:
https://eaforexacademy.com/software/expert-advisor-studio/
� If you have any questions, please, write in our trading Forum.
https://eaforexacademy.com/forums/forum/general/
Our online algorithmic trading courses:
https://eaforexacademy.com/courses/algorithmic-trading/
Let’s connect on social:
Facebook: https://www.facebook.com/eaforexacademy/
Instagram: https://www.instagram.com/eaforexacademy/
LinkedIn: https://www.linkedin.com/company/33249615/
Twitter: https://twitter.com/EAForexAcademy/
