Category: Forex Setups
Forex Technical Analysis GBPUSD 16 AUG
This is one of my favorite trade setups. Selling resistance on the upper parallel of a channel. Watch as I discuss this precise entry at the convergence of multiple resistance levels in a tight zone. Risking 15 pips to make 80-90 pips. Another low risk high probability setup for your educational purposes.
FOREX TECHNICAL ANALYSIS GBPCAD 13 AUGUST
Classic textbook failure off of previous support gives us a low risk buying opportunity on GBPCAD. Nothing much to talk about here. Reward to risk ratio over 2.5 to 1 initially, then increases as we trail stops beneath the new low as new highs are being formed. Enjoy!
Forex Technical Analysis EURJPY 6 August
Today I discuss a potential sell on EUR/JPY. We have a rejection off of the upper slope as well as a close below the Sunday gap. We also have a convergence of price levels that are perfect for profit taking areas. We also discuss adjusting your risks after receiving confirmation from price action. First profit target is around 100 pips away and second is around 200 pips. Enjoy! Gregory King
Forex Technical Analysis GoldUSD 31 July
Today, I discuss a potential sell on Gold. Today's video discussion includes daily inside bar strategy, selling resistance tops in channels, structuring your reward to risk ratio to maximize equity, avoiding congestion while swing trading and so much more. Another great video for your trading education. Enjoy!
Forex Technical Analysis AUDJPY 27 July
Today, I discuss another low risk selling opportunity on AUDJPY for 27 July. We have a convergence sell zone that includes the 78.6% retracement area, a gap rejection, previous support that turned into resistance along with price action.
Our profit targets consists of fibonacci, support/resistance, trendline and pivots that converge in tight zone. While our risks are small , our potential profit targets are 60 and 100 pips away. Enjoy!