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Hope you guys were watching and trading along.
Below are the daily and 1 hour charts showing price move away lower from the major fib levels discussed and now past the first support level.
Any traders who took this short trade could now either move to break even or start looking for some profits as we look for price to move into the next major daily chart support level.
Daily Chart
1 Hour Chart
Hey Mingh,
I would be looking at Pepperstone for bigger accounts and who are regulated by the FCA.
They are one of the biggest brokers in the world having been around since 2010 and are regulated everywhere from UK, AUS, Dubai etc etc.
Hey traders,
hopefully you have been following along closesly and making some nice profits.
Price did move into support on the USDJPY as I said it would in post above and we got some really solid bullish price action to take a long trade.
Any questions let me know.
Hope you guys were watching this one… false break past the support level as instructed in previous posts and the false break we were trading for happened in a big way on 4 hr and smaller time frames. Quality high profit trade.
Any questions let me know.
Hey Jimmy,
yes, I also do the same thing – I find quality areas to find high-probability trades, then move down to the smaller timeframes to perfect my entry and stop loss.
I am now looking to take long trades as price slides lower into support. I am targeting resistance, as shown in the chart below.
Hey Sandra,
checkout our two guides below and let me know if any questions.
I find it best when scalping to use the higher timeframes as a guide and then to move to lower time frames to make the trades.
– https://learnpriceaction.com/multiple-time-frame-trading-strategy-guide-pdf/
– https://learnpriceaction.com/scalping-trading-strategies-pdf-free-download/
Hope you guys were watching the smaller time frame charts for a short trade on the EURUSD as I suggested in the previous post.
We got a perfect rejection of the resistance shown with a very nice 2 bar reversal price action pattern trade on the 1 hour chart.
Hope you all cashed in.
At Learn Price Action we all now trade with Exness. They are one of the biggest brokers in the world with 700,000+ active traders. They have good costs and charts.
You can try their free demo here.
All the best.
Nice trade Matt.
We got the false break higher we thought we would and now price making it’s way lower. Hopefully you got on on the false break higher and can now lock in breakeven or profits.
Good job.
